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ADNOC to Invest AED 5.1 Billion to Upgrade and Expand its Giant Bu Hasa Field as it Ramps up Onshore Crude Production Capacity…

EPC contract that will deliver in excess of 60% of In-Country Value awarded to Tecnicas Reunidas SA after rigorous tender process Crude oil production capacity from Bu Hasa Field will increase from 550,000 to 650,000 barrels per day in line with ADNOC’s plan to increase its oil production capacity to 4mmbpd by 2020 Investment will enhance Bu Hasa’s production, deliver greater efficiencies and maximize value from a mature oil field Abu Dhabi, UAE – November 14, 2018: The Abu Dhabi National Oil Company (ADNOC) announced, today, an AED 5.1 billion (US $1.4 billion) investment to upgrade and expand its Bu Hasa field, which will increase crude oil production capacity to 650,000 barrels per day (bpd). This is an important step towards delivery of ADNOC’s 2030 smart growth strategy that seeks to increase its ......read more

ENEC Achieves Historic Milestone in Construction of Barakah Nuclear Energy Plant…

ENEC celebrates the completion of main concrete works and heavy equipment lifting at Barakah Nuclear Energy Plant  More than 2.3 million  cubic meters of concrete poured and approximately 250,000 metric tons of rebar installed at Barakah Nuclear Energy Plant Abu Dhabi, UAE – 14 October 2018:  The Emirates Nuclear Energy Corporation (ENEC) has celebrated the achievement of a historic milestone in the development of the Barakah Nuclear Energy Plant, with the completion of all main concrete works and heavy equipment lifting for the four nuclear reactor units being built in the Al Dhafra Region of Abu Dhabi.    Senior leaders and employees of ENEC, together with the Prime Contractor and Joint Venture partner, the Korea Electric Power Corporation (KEPCO), and their subsidiaries, the Nawah Energy ......read more

Atlantic presents its water heating solutions with renewable energy sources at The Big 5 and Solar Decathlon Middle East…

Visit Atlantic International at The Big 5 located in Hall 3 stand number 3B129 to discover Explorer and Solerio Optimum 3 product ranges. Learn more about Groupe Atlantic’s support in the student led initiative to create the ideal solar house prototype at the Solar Decathlon Middle East 2018.   United Arab Emirates, 14 November 2018, Atlantic is a renowned French brand creating the best in class water heating solutions with energy savings at the heart of its mission, will be showcasing its latest range of products at The Big 5 taking place from the 26th  to the 29th  of November at Dubai World Trade Centre.    Visitors will have the opportunity to meet with regional team leaders who will reveal the latest product technology and innovations with demonstrations of Explorer, the highly ......read more

Tabreed's Reports 10% Increase in Net Profit to AED 319.3 Million…

Tabreed has been rated investment grade by two credit rating agencies   14 November, 2018 – Abu Dhabi, United Arab Emirates:   National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based regional district cooling utility company, today released its consolidated financial results for the first nine months of 2018. Tabreed reported a 10% increase in net profit to AED 319.3 million for the year up to 30 September, compared with the same period in 2017, mainly driven by the acquisition in March of S&T Cool, a district cooling provider on Reem Island in Abu Dhabi, as well as income in May from a partial sale of Saudi Tabreed following the investment by the IDB Infrastructure Fund II, reducing Tabreed's total shareholding in Saudi Tabreed from 25% to 20%.    Tabreed’s ......read more

FANR releases first annual report on Radiological Environmental Monitoring…

The background radiation level in the UAE’s environment is very low in comparison to most other countries 13 November 2018, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR) has released its first annual report on Radiological Environmental Monitoring in the United Arab Emirates. The report establishes the baseline level of radiation either from naturally occurring or from man-made radionuclides sources in the UAE and reveals that in general the radiation dose rates are very low when compared to most other countries in the world. The report summarizes the results of the first year of FANR’s comprehensive Radiological Monitoring Program, covering January 1 – December 31, 2015. The program was established as a result of FANR’s role as the UAE’s independent nuclear ......read more

Emirates Steel Showcases Oil and Gas Products at ADIPEC 2018 in Abu Dhabi…

Emirates Steel has sold 215 thousand tons of heavy and medium sections for use in the oil and gas industry over the past three years   Abu Dhabi, UAE - 13 November 2018: Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (SENAAT), is participating in the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2018. The event is being held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, from 12-15 November at the Abu Dhabi National Exhibition Center.   During the exhibition Emirates Steel is showcasing its steel product range, which is uniquely suited to meet the requirements of the oil and gas industry. Emirates Steel’s participation in the event for the fourth consecutive year is a ......read more

Schneider Electric Highlights ADNOC's Digitization with Panorama Command Center at ADIPEC…

ADNOC Integrates 100,000 Tags for Real-Time Monitoring andOptimizing Operations for 16 OpCos, with Schneider Electric and AVEVA WEF: Global Energy Digitization to Drive USD 1.6 Trillion in Value to 2025 Chris Dartnell: “2019 will be crucial for Middle East energy firms to accelerate their digital transformation and adopt the Internet of Things” ABU DHABI, United Arab Emirates – 13 November 2018 – Schneider Electric, the leader in digital transformation of energy management and automation, announced today at ADIPEC, that it is highlighting Abu Dhabi National Oil Company (ADNOC)’s digitization with the innovative Panorama Command Center for real-time insights on global operations.   ADNOC, by integrating 100,000 tags from 16 different operating companies, can monitor and optimize the ......read more

ADNOC signs First Hail, Ghasha and Dalma Ultra-Sour Gas Concession with Italy's Eni…

25% concession share awarded to Eni in first offshore ultra-sour gas concession following SPC approval of ADNOC’s new integrated gas strategy  Concession includes Hail, Ghasha and Dalma fields that will be key contributors to UAE’s gas self-sufficiency and transition to a net gas exporter Eni will contribute 25% of the development cost of the multi-billion US dollar project; over project’s life-time substantial benefits will flow into the UAE’s economy through ADNOC’s In-Country Value program ADNOC is building on its world-leading sour gas experience that will help meet its commitment to deliver a sustainable and economic gas supply to the UAE Abu Dhabi, UAE, November 13, 2018:   The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have signed the first of ......read more

ADNOC and Saudi Aramco Sign Framework Agreement on Strategic Natural Gas and LNG Cooperation…

ADNOC and Saudi Aramco to explore potential areas for mutual collaboration in the LNG value chain Agreement underlines ADNOC’s ambition to capitalize on the rising global LNG demand to secure greater access to key growth markets  Abu Dhabi, UAE – November 12, 2018:   The Abu Dhabi National Oil Company (ADNOC) signed, today, a framework agreement with Saudi Aramco (Aramco) to explore potential opportunities for collaboration in the natural gas and Liquefied Natural Gas (LNG) sectors. The cooperation brings together two of the world’s leading energy producers from the Arabian Gulf to work together in an area of strategic importance for both companies as they seek to boost revenues from natural gas and LNG business segments. The agreement was signed by His Excellency Dr. Sultan Ahmed Al ......read more

Mubadala Petroleum to acquire an interest in the Nour Concession in Egypt…

Abu Dhabi, 12 November 2018:    Mubadala Petroleum announces that it has agreed with Eni to purchase a 20 percent participating interest from Eni’s share in the Nour North Sinai Offshore Area (”Nour”) concession, an offshore exploration block in Egypt. Eni is the operator of the concession through its subsidiary, IEOC. In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni holds an 85 percent interest in partnership with Tharwa Petroleum Company, which holds a 15 percent interest.  The completion of the transaction is subject to the satisfaction of certain customary conditions, including receiving approvals from the relevant Egyptian Government authorities. This transaction would mark Mubadala Petroleum’s second acquisition in Egypt. The company ......read more

ADNOC CEO Says Oil and Gas Industry a Critical Enabler of Economic Growth in 4th Industrial Age in ADIPEC Keynote Address…

ADNOC CEO defines central mission of the industry as ‘Oil and Gas 4.0’ – how technology and energy are converging to deliver a step-change in global development ADNOC CEO outlines strategic SPC AED 486 billion capex program and expansion of oil and gas production capacity that will maximize the value of Abu Dhabi’s resources and support growing energy demand Artificial intelligence and big data key pillars of ADNOC’s drive to create more value across its operations ADNOC CEO says recent track record of success only the start of a new era for ADNOC  Abu Dhabi, UAE – November 12, 2018:   The global oil and gas will be a critical enabler of economic growth in the 4th Industrial Age, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ......read more

Global Oil, Gas and Petrochemical Leaders Discuss Evolving Energy Landscape and Opportunities Created by the 4th Industrial Age…

ADNOC hosts 26 of the world’s leading oil, gas and petrochemicals executives to discuss future growth trends at Abu Dhabi CEO Roundtable High-level attendance underlines Abu Dhabi’s position at the center of the conversation shaping the future of the oil and gas industry Role of artificial intelligence, predictive data and analytics and blockchain technologies in helping meet world’s growing demand for energy at centre of conversation Abu Dhabi, UAE – November 11, 2018:   Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi, today, for a high-level industry forum focused on the evolving dynamics of the energy landscape and the opportunities for hydrocarbon produced energy to support global growth – today and in the future.  His Highness Sheikh ......read more

Malaysian Oil & Gas Products and Services Tapping Into the Lucrative Middle East Market…

Dubai, UAE, November 11, 2018:   MATRADE continues to create greater awareness and visibility on Malaysia's capabilities and expertise in providing world class  oil & gas products and services through participation in ADIPEC 2018. This year will be MATRADE’s fifth participation in this annual largest oil & gas exhibition in Middle East which will take place from 12 – 15 November 2018. MATRADE’s trade office in Dubai coordinates participation from seventeen Malaysian companies that will be showcasing various oil & gas products and services.  Among the local expertise to be featured include radiation management and consultancy services to the oil and gas, and mineral processing industries, specialist engineering of well integrity & rehabilitation, fabricate DNV offshore ......read more

ADNOC Signs Agreement Granting Total a 40% Stake in Unconventional Gas Concession…

Historic unconventionals concession award is the first of its kind in the region Announcement follows Supreme Petroleum Council’s approval of ADNOC’s integrated gas strategy Award propels ADNOC’s target to produce 1 bcfd of unconventional gas before the end of the next decade ADNOC committed to delivering a sustainable and economic gas supply as the UAE works towards achieving gas self-sufficiency and transitioning into a net gas exporter Abu Dhabi – November 11, 2018: On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (ADNOC) has signed an agreement with French oil and gas major Total, granting it a 40% stake in the Ruwais Diyab Unconventional Gas Concession. Under the terms of the agreement, Total will explore, appraise and develop the concession area’s unconventional gas ......read more

Schneider Electric Says Energy Efficiency to Enable Social Change in Dubai in 2019…

DUBAI, United Arab Emirates – 11 November 2018 – Schneider Electric , the leader in digital transformation of energy management and automation, announced today that digitization through modern technology will be the top factor in enabling sustainable economy and social change across Dubai’s businesses and daily lives in 2019, said Hanan Darwish, Cluster President – Gulf and Pakistan, Schneider Electric during Dubai Chamber of Commerce and Industry’s Dubai Dialogue 2018 .

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Schneider Electric to Highlight ADNOC's Digitization with Panorama Command Center at ADIPEC…

ADNOC Integrates 100,000 Tags for Real-Time Monitoring andOptimizing Operations for 16 OpCos, with Schneider Electric and AVEVA WEF: Global Energy Digitization to Drive USD 1.6 Trillion in Value to 2025 Georges El Mir: “2019 will be crucial for Middle East energy firms to accelerate their digital transformation and adopt the Internet of Things” ABU DHABI, United Arab Emirates – 8 November 2018  – Schneider Electric, the leader in digital transformation of energy management and automation, announced today, ahead of ADIPEC, that it will highlight Abu Dhabi National Oil Company (ADNOC) digitization with the innovative Panorama Command Center for real-time insights on global operations.   ADNOC, by integrating 100,000 tags from 16 different operating companies, can monitor and optimize the ......read more

UAE Recognized As Role Model for Development of Peaceful Nuclear Energy at Nuclear Inter Jura Congress…

23rd Nuclear Inter Jura Congress concludes following four days of discussions UAE home to one of the world’s leading peaceful nuclear energy programs Abu Dhabi, UAE – 7 November 2018:   The UAE Peaceful Nuclear Energy Program has been recognized for its unique achievements and coordinated development during the 23rd Nuclear Inter Jura Congress. Held for the first time in the Middle East and hosted in Abu Dhabi by the Emirates Nuclear Energy Corporation (ENEC), the congress was organized by the International Nuclear Law Association (INLA) in partnership with local and international sponsors, including the Federal Authority for Nuclear Regulation (FANR).   The congress brought together legal specialists, government representatives, executives and academics from the local and international nuclear ......read more

ADNOC to Convene Global Energy Leaders in Abu Dhabi for Third Annual CEO Roundtable on Eve of ADIPEC…

27 leaders from oil, gas and petrochemical industries to discuss impact and opportunity of digitalization, technology and Fourth Industrial Age Strength of attendance at roundtable demonstrates Abu Dhabi’s convening power as global hub for the world’s oil and gas industry  Abu Dhabi, UAE – November 7, 2018:   Twenty-seven of the world’s leading oil industry chief executives will gather, in Abu Dhabi, on November 11, to discuss the impact of digitalization, technology and the Fourth Industrial Age on the future of the global oil and gas industry. The senior executives, representing many of the world’s major oil, gas and petrochemical companies, have been invited to the third Abu Dhabi CEO Roundtable by H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO. The ......read more

New Economies and Advanced Technology are Driving Paradigm Shift in Global Energy Demand…

ADNOC Founding Partner in Bloomberg New Economy Forum; agenda aligns with the UAE’s vision for building bridges, connecting global economies, and enabling prosperity Goals of NEF in line with the UAE’s 2071 strategy to prepare for the future and capture the opportunities that lie ahead. Demand for energy in Asia growing at more than twice global rate, requiring creative solutions to meet future needs ‘Game changing’ digital technology empowering ADNOC’s growth and ensuring it continues to be a trusted and reliable supplier of energy to the world Dubai, UAE – November 6, 2018: The historic shift in energy use, from West to East, coupled with the rapid adoption of advanced technologies, are creating new challenges and opportunities for the global oil and gas industry as it changes gear to ......read more

ENEC Barakah Youth Circle Discusses ‘Energy Gap – The Way Forward'…

Youth Circle takes place on sidelines of INLA’s 23rd Nuclear Inter Jura Congress Abu Dhabi, UAE – 5 November 2018:   The Barakah Youth Council, comprised of employees from Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, organized a Youth Circle on the sidelines of the 23rd Nuclear Inter Jura Congress, taking place in Abu Dhabi this week. Entitled ‘Energy Gap – The Way Forward’, the Youth Circle welcomed VIP guests including Sheikh Hamdan Bin Khalifa Al Nahyan, along with international experts and students from Khalifa University to discuss the importance of developing peaceful nuclear energy, which will account for six percent of the UAE’s anticipated energy production by 2050, as outlined in the UAE Energy Strategy 2050. The Youth Circle was presented by Sara Ali Al ......read more

Abu Dhabi to Host International Nuclear Law Congress…

ENEC sponsors the  23rd Nuclear Inter Jura Congress to showcase the UAE Peaceful Nuclear Energy Program    Abu Dhabi, UAE – 3 November 2018: The United Arab Emirates is hosting the 23rd Nuclear Inter Jura Congress in Abu Dhabi from 4 to 8 November 2018. The Congress, which is being held in the Middle East for the first time, is organized by the International Nuclear Law Association (INLA) in partnership with local and international sponsors including the Federal Authority for Nuclear Regulation (FANR), and the Emirates Nuclear Energy Corporation (ENEC).   The congress brings together legal specialists, government representatives, executives and academics from the international nuclear energy industry to discuss a wide range of topics including international conventions, nuclear liability, ......read more

Arc Faults Can Trigger $46,000 Downtime Costs Per Day…

Dubai, UAE, October 29, 2018:  Research by Eaton estimates the cost of production downtime alone could reach $46,000 within 24 hours of an arc fault. Then there is the threat to life safety posed by the initial explosion, the potential for reputational damage and the the cost of replacement assemblies and parts to consider. These can be catastrophic consequences, particularly in power-critical environments such as process plants and hospitals. As such, the power management company has launched a campaign to highlight the risk of arc faults arising from low-voltage electrical distribution panels in commercial and industrial buildings. The estimated costs of downtime are contained in an Eaton whitepaper, written by European electrical safety expert Alfred Mörx and available at http://www.eaton.com/safetyabovestandards . He ......read more

RAKGas signs agreement for Zanzibar's first oil and gas exploration project…

Dubai, UAE, October 29, 2018:  His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, attends signing ceremony at the invitation of His Excellency President Dr. Ali Mohamed Shein of Zanzibar RAKGas, through its international subsidiary RAKGas Zanzibar Limited, has signed an oil and gas Production Sharing Agreement with the Revolutionary Government of Zanzibar, the first such agreement Zanzibar has signed following its implementation of the Oil and Gas (Upstream) Act of 2016.  Negotiations regarding the Production Sharing Agreement for the acreage known as Pemba Zanzibar Block, which measures 11,868 square kilometres, have now been concluded and RAKGas Zanzibar Limited is executing the agreement with the Zanzibar Government and the Zanzibar Petroleum Development Company. His ......read more

French Pavilion back to ADIPEC and set to explore Oil & Gas opportunities in the region…

Over 40 French companies to be represented at the key global event in Hall 9 at ADNEC from the 12th to the 15th of November 2018.     United Arab Emirates- 2018  – Business France, the national agency supporting the international development of the French economy, will be hosting +40 leading companies from France at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in November. Business France will be hosting the French Pavilion in partnership with RACE (special cluster for cutting-edge energy, oil and gas and renewable energy from France), Axelera (competitiveness cluster involved in chemicals, environment) and EVOLEN (French association of companies & professionals related to the Oil and Gas industry & energy).    France recognizes that ADIPEC is one of the ......read more

AUGIER Energy to reveal spearheading innovations at ADIPEC 2018…

Meet with Augier’s team of experts on stand 254 at the French Pavillion in ADNEC, Hall 9 from the 12th to the 15th of November.    United Arab Emirates, October 25, 2018 – AUGIER Energy, the  worldwide leader in Energy Distribution & Transmission  for medium voltage solutions for long distances up to 50 kilometres, will be hosting a stand in the French Pavilion at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) this November. AUGIER Energy, locally represented by  FALCOR Enginneering will be revealing the company’s latest advancements in design of cost saving systems dedicated to power supply remote receptors in Oil & Gas sites.. Their international clients will also have a chance to discover the latest in economic and efficient solutions for all ......read more

Other Top Stories from Energy, Oil & Gas
 
WETEX Deals build partnership between Ireland and the UAE…

Enterprise Ireland facilitates deals in Dubai at WETEX 2018, the world’s biggest sustainable exhibition  Irish companies set to bring technology and innovation to the UAE and MENA region ResourceKraft & Al Sharif Group form strategic partnership to deliver energy management solutions to Dubai and Abu Dhabi Energy Services Ltd. to assist Ras Al Khaimah Municipality with ......read more

Masdar and Bee'ah reach financial close on UAE's first waste-to-energy facility…

New plant in Sharjah showcased at WETEX 2018 will treat more than 300,000 tonnes of municipal solid waste a year and have a capacity of around 30 megawatts (MW)  Abu Dhabi, UAE, October 24, 2018:   Masdar (Abu Dhabi Future Energy Company) and leading environmental management company Bee’ah have completed the financing of a US$220 million waste-to-energy (WTE) plant in ......read more

UAE's first waste-to-energy facility…

New plant in Sharjah showcased at WETEX 2018 will treat more than 300,000 tonnes of municipal solid waste a year and have a capacity of around 30 megawatts (MW)  Abu Dhabi, UAE, October 23, 2018:   Masdar (Abu Dhabi Future Energy Company) and leading environmental management company Bee’ah have completed the financing of a US$220 million waste-to-energy (WTE) plant in ......read more

Phase 3 of MBR Solar Park in Dubai wins Solar Project of the Year 2018 at the Asian Power Awards…

Dubai, UAE, October 17, 2018:  The third phase of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park in Dubai has been awarded Solar Project of the Year 2018 at the Asian Power Awards in Jakarata.  Ian Warrilow, President and Country Manager of Mubadala Petroleum, accepted the award on behalf of Masdar (Abu Dhabi Future Energy Company), a partner in Shua’a Energy 2, the ......read more

Nawah Energy Company Establishes World's First Nuclear Language Proficiency Standards…

Committed to effective safety communication as part of a healthy nuclear safety culture, Nawah has developed the first language standards for the nuclear industry The Innovative Nuclear English Development Center in Barakah Nuclear Energy Plant supports continuous learning and development of all employees Abu Dhabi, UAE – 13 October 2018:   Nawah Energy Company (Nawah), ......read more

Masdar Signs Region's First Green Revolving Credit Facility to Drive Sustainability Goals…

Abu Dhabi, October 11, 2018 -   Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects. The facility, which is the first green RCF in the Middle East, has been arranged with the UAE’s ......read more

Masdar announces WiSER Pioneers Programme at Mohamed Bin Zayed Majlis for Future Generations…

Abu Dhabi, United Arab Emirates; October 11, 2018:  Masdar (Abu Dhabi Future Energy Company) has launched the Women in Sustainability, Environment and Renewable Energy (WiSER) Pioneers Programme, a year-round agenda aimed at nurturing young women aged 20-30 into the next generation of sustainability leaders through proactive engagement with policy makers, industry leaders, technical experts, ......read more

ENEC Hosts Supplier Forum to Support Growth and Development of Local Supply Chain…

Representatives of UAE-based suppliers were updated on the status of the Barakah Project and upcoming opportunities and requirements     Abu Dhabi, UAE – 10 October 2018: The Emirates Nuclear Energy Corporation (ENEC), in collaboration with its subsidiary, Nawah Energy Company (Nawah), hosted a Supplier Forum today in Abu Dhabi. The forum brought together delegates ......read more

ADNOC and BHGE Form a Strategic Partnership to Improve Drilling Efficiencies and Grow ADNOC ...…

Strategic partnership will expand ADNOC Drilling’s capabilities into the integrated drilling and well construction segment and expand BHGE’s presence in the UAE BHGE will acquire a five percent stake in ADNOC Drilling, valuing the business at $11 billion, and the partnership will enable ADNOC Drilling to gain greater market access and new business opportunities ADNOC Drilling ......read more

ENEC Continues to Inspire New Generations of Future Energy Pioneers…

ENEC engages with students at Al Sila School as part of Schools Outreach Program Students learn about peaceful nuclear energy and its importance to the future growth and development of the UAE Abu Dhabi, UAE – 3 October 2018:   The Emirates Nuclear Energy Corporation (ENEC) organized a visit to Al Sila School, located in the Al Dhafra region of Abu Dhabi Emirate. During ......read more

Barring Oil Or Geopolitical Risks, Gulf Banks' Financial Profile Should Stabilize in 2019…

GCC banks' financial profiles should remain stable in 2019, absent any unexpected geopolitical or oil-price shock. Bank lending growth should stabilize at around the 5% mark over the next 12 months, as higher oil prices and stronger public investments raise economic growth in the region overall. We expect profitability to stabilize--with return on assets at about 1.5%-1.7% and net ......read more

WCU: Signs of life as dollar weakens and trade tensions ease…

By Ole Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, September 23, 2018:  The Bloomberg Commodity Index, which tracks the performance of 22 major commodity futures, rose from the ashes this past week. The 2% gain occurred after some early weakness after the US announcement of additional tariffs on $200 billion worth of Chinese imports.  The broad-based recovery that ......read more

IYNC and the UAE Discuss the Way Forward for Global Nuclear Energy at IAEA General Conference…

The International Youth Nuclear Congress and the UAE Permanent Representation to the International Atomic Energy Agency co-hosted a side-event at the 62nd IAEA General Conference in Vienna, Austria Young professionals from the UAE, USA, China, Russia and France share their views on the future of nuclear energy and technology Dubai, UAE, September 20, 2018:  The International Youth ......read more

ENEC Highlights Importance of International Cooperation and Capacity Development at the IAEA 62nd ...…

ENEC participates in 62nd Annual Regular Session of the IAEA General Conference, UAE side event and International Youth Nuclear Congress event ENEC CEO updated the attendees on the status of the Barakah Nuclear Energy Plant Project   Abu Dhabi, UAE – 19 September 2018: The Emirates Nuclear Energy Corporation (ENEC) participated in the 62nd  Annual Regular Session of ......read more

Masdar, ADFD and PUC partner to build solar power plant with battery storage in Seychelles…

5MW Ile de Romainville Solar Park being developed with financing worth AED31 million from Abu Dhabi Fund for Development as well as funds from PUC’s own equity Solar PV project to be integrated with existing 6MW Port Victoria Wind Farm and PUC’s existing power station   Abu Dhabi, United Arab Emirates; Sept 12, 2018 – Masdar, Abu Dhabi Future Energy Company, ......read more

Why the Modern-Day Oil and Gas Industry Needs Millennials to Survive?…

September 11, 2018 - Dubai UAE: A 2016 report by McKinsey & Company found that 14 percent of millennials said they would not work in the oil and gas industry because of its negative image – the highest percentage of any industry. With millennials set to comprise 75 percent of the workforce by 2025, it is imperative companies within the oil and gas industry do more to attract ......read more

Yahsat and Hughes to Form Joint Venture to Deliver Satellite Broadband Services…

Hughes and Yahsat to provide commercial Ka-band satellite broadband service across Africa, Middle East and southwest Asia Dubai, UAE, September 10, 2018:  Yahsat, a leading global satellite operator based in the United Arab Emirates (UAE) and wholly owned by Mubadala Investment Company, and Hughes Network Systems (HUGHES), a subsidiary of EchoStar Corporation (NASDAQ: SATS), today ......read more

SNC-Lavalin awarded West Qurna phase 2 oil field contract in Iraq…

Dubai, UAE, September 09, 2018:  SNC-Lavalin (TSX:SNC) is pleased to announce that it has been awarded a framework agreement for project support services with LUKOIL Mid-East for the West Qurna phase 2 oil field in Iraq. “We continue to build on our long-term relationship with LUKOIL and to help them realize their projects successfully. Once again, we look forward to demonstrating ......read more

Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF) announce the ...…

Dubai, UAE, September 05, 2018:  Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia.  Further to an agreement announced on 24 May 2018, Gazprom Neft has now ......read more

Čibuk 1 wind farm in Serbia reaches key construction milestone…

Dubai, UAE, September 04, 2018:  A collaboration between Masdar, Taaleri Energia and the German development finance institution DEG to develop the largest utility-scale commercial wind project in Serbia has successfully reached a number of key milestones, and is on schedule to start production early next year. Čibuk 1 in Dolovo, situated 50km outside the capital Belgrade, has ......read more

Atlantic Council Global Energy Forum Returns to Abu Dhabi in 2019…

Abu Dhabi, UAE, September 04, 2018:  The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on January 12-13, 2019, again kicking off Abu Dhabi’s Sustainability Week. The two-day premier event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and ......read more

FANR and Khalifa University Sign Collaborative Research Agreement…

2 September 2018, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR) and Khalifa University of Science and Technology (KU), have signed a collaborative research agreement focused on advancing nuclear safety research and educating the UAE’s next generation of peaceful nuclear energy professionals. The agreement was signed during a ceremony held at ......read more

Quote of Dr. Layla Mohamed Al Marzouqi…

“As the nation prepares to celebrate the 4th Emirati Women's Day under the theme ‘Women on the Course of Zayed’ to honor the achievements of Emirati women and their contributions to the UAE’s development and prosperity through local, regional, international and leadership positions, the outstanding progress made by women across all professional and technical sectors is ......read more

Public-Private Partnerships to boost Economic development in the Gulf…

Oliver Wyman releases new report highlighting the impact of PPPs on national infrastructures across major Gulf economies  Dubai, United Arab Emirates, 07 August 2018:  In recent years, since the oil price slump, plans have emerged across the Gulf to curb fiscal deficits and diversify economies, most notably through the development of national infrastructure, highlights a new report ......read more

The 2nd Edition of the Phanes Group Solar Incubator set to kick off 7th August 2018…

Winner(s) will be announced at the “Unlocking Solar Capital: Africa 2018” conference in November Dubai, UAE, August 07, 2018:  Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and ......read more

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