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Featured in Energy, Oil & Gas
WCU: Saudis Talk Up Oil; Strong Grain Momentum Continues…

September 20, 2020:  The Bloomberg Commodity Index, which tracks a basket of major commodities spread evenly across energy, metals and agriculture, traded higher for the first time in three weeks. A softer dollar, continued buying momentum among major U.S. crop futures and a Saudi-fueled bounce in oil products, together with Chinese economic optimism all helped support a week of broad-based gains across all three sectors. Gold traded quite passively with ‘algo’ traders currently in charge, something that for now has resulted in an unusually high positive correlation with the movements in the S&P 500 index.  Crude oil and fuel products led from the front as the sector recovered from the recent correction. The OPEC+ meeting saw a strong attack from the Saudi oil minister on members cheating on quotas and ......read more

ADNOC Distribution Joins Key UAE Suppliers Qualified to Provide Nuclear Quality Products for Barakah Nuclear Energy Plant…

- ADNOC Distribution becomes the first petroleum products company in the UAE to be qualified on the Nawah Nuclear Approved Supplier List (NASL)  - ADNOC will supply a range of products including lubricating oil, engine coolant and anti-rust, grease, and fuels - 73 companies now qualified on Nawah’s NASL list, with their products demonstrating the highest safety related category.  - Nawah Quality Assurance, working in coordination with ENEC’s Business and Industrial Development Team is supporting growth of local nuclear supply chain      15 September 2020, Abu Dhabi, UAE:  The Emirates Nuclear Energy Corporation (ENEC) and its subsidiary responsible for the operation and maintenance of the Barakah Nuclear Energy Plant, Nawah Energy Company (Nawah), have marked a key milestone in ......read more

Trina Solar Has Been Recognized as a Top Bankable Module Supplier for 5 Consecutive Years…

Dubai, United Arab Emirates,  September 01, 2020: Trina Solar Co., Ltd. (“Trina Solar” or the “Company”), a leading global PV and smart energy total solution provider, was once again named the 100% Bankable Module Supplier Brand as announced in the 2020 PV Module and Inverter Bankability report, published by Bloomberg New Energy Finance. The judges unanimously recognized the company’s stable financial status, reliability, product quality and excellent brand influence.    According to Bloomberg Bankability reports issued since 2012, Trina Solar has achieved 100% bankability six times, and has topped the list for the past five years. Again, a performance unmatched in the industry. The indicates that Trina Solar's modules can help project developers obtain bank financing more easily. It ......read more

Barakah Nuclear Energy Plant Unit 1 Successfully Connects to UAE's Transmission Grid…

- First megawatts of clean electricity from peaceful nuclear energy now delivered to the UAE’s transmission network   - Connection safely and successfully completed through collaboration with Abu Dhabi Transmission and Despatch Company (TRANSCO)   Abu Dhabi, United Arab Emirates - August 19, 2020:  The Emirates Nuclear Energy Corporation (ENEC) today announced that its operations and maintenance subsidiary, Nawah Energy Company (Nawah), in partnership with the Abu Dhabi Transmission and Despatch Company (TRANSCO), a subsidiary of Abu Dhabi National Energy Company (TAQA), has safely and successfully connected Unit 1 of the Barakah Nuclear Energy Plant to the UAE grid, and is despatching its first megawatts of clean electricity to the Nation. During the process, the generator in Unit 1 was integrated and ......read more

Schneider Electric Ranked #1 in the 2020 Gartner Supply Chain Top 25: Europe Top 15…

• Schneider climbs 2 spots since last year   Dubai, UAE, Augst 8th 2020:  Schneider Electric, the leader in digital transformation of energy management and automation, today announced it has been ranked #1 in the 2020 Gartner Supply Chain Top 25: Europe Top 15 (June 2020).   For many years Schneider Electric has given priority to the digitalization of its supply chain. The Group launched the Tailored Sustainable Connected Supply Chain 4.0 program to create a customized, sustainable and connected Supply Chain from end to end - across procurement, manufacturing, planning and delivery pillars. "Our network of suppliers, smart factories sites and distribution centers have adopted digital processes and tools to improve our energy consumption, our product quality and cost. During the past months where ......read more

Greenpeace Condemns Barakah Nuclear Power Plant as Wasteful and Dangerous…

United Arab Emirates, August 04, 2020:   Greenpeace MENA condemns the start-up of unit 1 of the Barakah Nuclear Energy Plant, located in the Al Dhafrah Region of Abu Dhabi, as a wasteful investment in the wrong technology that will only deplete the scarce water resources of the “Emirates”. Julien Jreissati, programme manager at Greenpeace Middle East and North Africa, commented: "Nuclear energy is not the energy of the future, and definitely not the solution. With it we are leaving our future generations with nothing but a toxic legacy of radioactive and dangerous nuclear waste". He continued: ”The UAE has been a regional leader in developing and investing in cheap, safe and green renewable energy such as solar. This innovative country should keep its focus on capitalising on its abundant and ......read more

Safe Start-up of Unit 1 of Barakah Nuclear Energy Plant Successfully Achieved…

- Start-up is major step in process for upcoming generation of emissions-free electricity  - Process undertaken in line with regulatory requirements and highest international standards for nuclear quality and safety   02 August 2020, Abu Dhabi,  UAE: The Emirates Nuclear Energy Corporation (ENEC) today announced that its operating and maintenance subsidiary, Nawah Energy Company (Nawah) has successfully started up Unit 1 of the Barakah Nuclear Energy Plant, located in the Al Dhafrah Region of Abu Dhabi, United Arab Emirates (UAE). This step is the most historic milestone to date in the delivery of the UAE Peaceful Nuclear Energy Program, as part of the process towards generating clean electricity for the Nation for at least the next 60 years.   Since receipt of the Operating License from the ......read more

Schneider Electric Shows They Are Acting to Build a Green and Inclusive Future for All Through H1 Extra-financial Results…

• Schneider Electric exceeds their year-end target, taking their overall performance for avoiding primary resource consumption to just over 126,000 metric tons • The Group reaffirms its commitment to achieve 2020 goals and looks ahead at the 2030 Sustainable Development Goals  • The Tomorrow Rising Fund, by the Schneider Electric Foundation, moves forward with recovery and resilience by supporting education and training programs    Dubai, United Arab Emirates, August 01, 2020:   Schneider Electric, the leader in digital transformation of energy management and automation, announces their financial and extra-financial year results. Each quarter, Schneider Electric publishes 21 indicators from the Schneider Sustainability Impact (SSI) which measures their progress towards their ......read more

Siemens Compressors Selected for Gas Reservoir Storage Project with Saudi Aramco…

• Siemens Energy to supply 20 compressor trains for a critical gas project in the Kingdom of Saudi Arabia (KSA) • The project will enable the operator to manage its surplus gas volumes efficiently to meet seasonal demands     July 29, 2020:  Siemens Energy was selected to provide centrifugal compressor systems for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage (HUGRS) project. The plant includes a gas injection facility with a capacity of 1,500 million standard cubic feet per day (MMSCFD) (42,475,270 cubic meters per day, or m3/d) and a withdrawal facility capable of processing up to 2,000 MMSCFD (56,633,693 m3/d) of gas.    Siemens Energy received the order from Samsung Engineering, who was awarded the engineering, procurement, and construction (EPC) contract for the ......read more

Earn Points With Every Purchase in New-look ADNOC Rewards…

• Earn points on all purchases that can be redeemed for products and services across ADNOC Distribution stations and ADNOC Oasis stores • 500 bonus points for members who download the app • Free car sanitization for all new members with first transaction • More than 750,000 customers already registered for ADNOC Rewards   Abu Dhabi, 29 July 2020:  ADNOC Distribution, the UAE’s leading fuel and convenience retailer, announced today an exciting enhancement to its popular rewards program, ADNOC Rewards. Starting this Eid holiday, customers can now earn loyalty points on every purchase of fuel and non-fuel products.  There are also a range of special launch offers to kick off the new program. Those who download and login to the ADNOC Distribution app for the first time will receive ......read more

EWEC Announces Partners to Develop the World's Largest Solar Power Plant…

Consortium comprising TAQA, Masdar, EDF and JinkoPower sign Power Purchase Agreement with EWEC, for a 2 GW solar power plant Competitive bid process results in record-low tariff for solar power, set at AED 4.97 fils/kWh (USD 1.35 cents/kWh)   Abu Dhabi, UAE – 26 July 2020: The Emirates Water and Electricity Company (EWEC), a leading company in the coordination of planning, purchasing and providing of water and electricity across the UAE, announced the award for the world’s largest solar power plant. The project was awarded to a consortium led by Abu Dhabi National Energy Company (TAQA) and Masdar, with partners EDF and JinkoPower, for the development of the 2 GW Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project, which will be located approximately 35 kilometers from Abu Dhabi city. The ......read more

Trina Solar Unveils Vertex 600w Series Module and Expects Mass Production of 550w Series Later in Year…

Dubai, UAE – 25 July 2020: Trina Solar Co., Ltd (‘Trina Solar” or the “Company”) has announced the launch of two next-generation Vertex series modules with power output of up to 600W. The company expects to realize the mass production of a 550W series in the final quarter of this year.    Several representatives of upper, middle and lower streams of the industrial value chain of the 600W+ Photovoltaic Open Innovation Ecological Alliance, representing manufacturers of silicon, wafers, cells, modules, trackers, inverters, materials and equipment, took part in a launch event and witnessed the new next-generation Vertex series modules.    Dr Zhang Yingbin, Head of Product Strategy and Value Management at Trina Solar, said at the event: "The next-generation Vertex modules ......read more

Green Petrochem Announces Expansion Plan in Hamriyah Free Zone…

• Petrochem to lease 200,000 sq. ft. plot of land and establish additional storage facilities with expected storage capacity of 150,000 cbm    • Petrochem’s daily production capacity amounts to 800 metric tons of petrochemical products while annual refining capacity exceeds 2.1 million barrels           Sharjah, July 22, 2020:   Green Petrochem, one of the most conducive players in the oil industry across the UAE, has announced an expansion plan in the Hamriyah Free Zone to boost its storage capacity and meet the growing demand for its services.   The expansion plan was announced last recently during a ceremony held to sign a lease agreement with the Hamriyah Free Zone Authority (HFZA).  Under the contract, the petrochemical company will ......read more

Schneider Electric to Upgrade DP World's Sokhna Basin 2 With Ecostruxure Power Smart Energy Distribution System…

Technology will help save energy and maintenance costs, reduce carbon emissions, make the facility greener and future-proof it for new innovations   Dubai, United Arab Emirates, July 22, 2020:   Schneider Electric has been selected by DP World, a leading enabler of global trade, to implement an end-to-end smart energy MV, LV distribution system at DP World’s Sokhna Basin 2 Terminal, situated near the southern entrance to the Suez Canal on the Red Sea. The solution will improve safety, save on electricity and maintenance costs, and reduce carbon emissions at one of Egypt’s largest ports. The EcoStruxure Power solution is Internet-Of-Things-enabled, which will allow DP World to run a variety of digital applications, analytics and other technologies across the system, to further improve operations and ......read more

39 Photovoltaic Companies Band Together to Give Industry a Fillip as 600W+ Photovoltaic Open Innovation Ecological Alliance…

Dubai, UAE – July 16, 2020: The 600W+ Photovoltaic Open Innovation Ecological Alliance was announced today – a formation of 39 firms that aims to create a new collaborative and innovative ecosystem through open collaboration, synergizing the main resources of the industry chain and integrating core processes such as R&D, manufacturing and applications.  In a declaration adopted by the 39 members of the alliance, member companies said they will work together to build products, systems and standards for a next-generation technology platform, committing to maximize the customer values of 600W+ ultra-high power modules and other related solutions at the application end.    PV is becoming one of the strongest driving forces for energy transformation. To bring more value to customers and promote sustainable ......read more

ENEC Completes Construction of Unit 2 of the Barakah Nuclear Energy Plant…

- ENEC hands over the systems of Unit 2 to Nawah Energy Company for commissioning, marking the end of construction activities for the second of four units at Barakah - Nawah team now commences operational readiness activities. Regulatory approval from FANR required, and international assessments to take place prior to Unit 2 - Unit 2 successfully completed advanced testing, demonstrates its exemplary structural safety performance and that its systems and components meets the highest standards of safety and quality.    14 July 2020, Abu Dhabi, UAE: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed the construction of Unit 2 of the Barakah Nuclear Energy Plant, the Arab World’s first nuclear energy plant located in the Al Dhafra region of Abu Dhabi.  The unit has now been officially ......read more

Empower Organises Summer Training Programme for Emirati Youth in the District Cooling Sector…

Dubai, United Arab Emirates, July 14, 2020:    Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, launched this year’s professional summer training programme for national graduates and institute students with a view to encouraging them to engage in the promising district cooling sector. A group of students have been joined to the new program from Zayed University, Al Ghurair University, the Rochester Institute of Technology and the Higher Technical College. Empower pointed out that the continuation of skill development process was put into risk due the closure of technical and vocational education centres and training institutions around the world in the wake of the Covid-19 pandemic. The situation prompted the company to take part in the efforts for ......read more

An EU Carbon Border Tax Could Impact the GCC Oil Exporters and Be the Next Disruptive Force in Global Trade…

A tax on carbon emissions tied to imports would cut profits for foreign suppliers of oil, steel, and other goods with high greenhouse gas footprints but could pose an opportunity for GCC companies to gain a competitive edge, BCG research finds   Dubai, United Arab Emirates, July 08, 2020:   A plan being considered by the European Commission to tax the carbon emissions attributed to imported goods could create competitive advantages for foreign companies with low greenhouse gas footprints--and “serious near-term challenges” for other exporters, adding to financial strain caused by the COVID-19 crisis. The tax could slash the profits generated by imported materials such as oil, flat-rolled steel, and wood pulp by a range of 10% to 65%, and impact both EU and non-EU producers of goods such as chemicals and ......read more

Ras Al Khaimah Municipality Reports Significant Progress in Energy Efficiency…

The second annual report for the implementation of the Ras Al Khaimah Energy Efficiency and Renewables Strategy 2040 was released on the newly launched Reem website.     Ras Al Khaimah, United Arab Emirates, July 06, 2020:  Ras Al Khaimah Energy Efficiency and Renewables Strategy 2040 has completed its second year of implementation in 2019. Last week Ras Al Khaimah Municipality released the second edition of the annual report for the strategy. The report describes progress of the strategy, including achievements, new initiatives and expected developments in the coming years. Click here to download the report from the Reem website.   The annual report highlights concrete savings of 7 GWh of electricity, 109 MIG of water and 423 GWh thermal of direct fuel savings achieved in 2019. Apart from these energy ......read more

Empower Continues Its Commitment to Implement International Standards…

Successfully renewed three ISO certifications in Quality Management System, Environmental Management System and Occupational Health and Safety Management Systems Dubai, UAE, 06 July 2020:   Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced that it has successfully renewed three ISO certifications in Quality Management System (ISO 9001: 2015), Environmental Management System (ISO 14001: 2015), and Occupational Health and Safety Management Systems (OHSAS 18001: 2007), that are related to internationally recognized practices for management Systems in Quality, Environment and  Health and Safety respectively. Empower is certified for all these three International Standards since 2006, which are integrated into one platform, that adds values to ......read more

Hitachi ABB Power Grids Commences Operations…

Complementary portfolios and technology strengths to ensure continuity, enhance customer value and bring growth opportunities.    Dubai, United Arab Emirates, July 01, 2020:   In accordance with the agreement signed on December 17, 20181 , Hitachi Ltd. and ABB Ltd today announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Hitachi has an 80.1 percent stake in this new joint venture entity (which has business volume of approximately 10 billion USD2 ) and ABB holds the balance. Toshikazu Nishino, Executive Vice President of Hitachi, is the Chairman of the new entity and Claudio Facchin the CEO. The new entity is headquartered in Zurich, Switzerland, and the current management team will ensure business continuity. “Hitachi’s leading ......read more

Market Access Concludes Second Cohort With Several Corporate-startup Collaborations Announced…

• Dubai Startup Hub Market Access programme’s second cohort attracted 44 startup submissions, 55% of which came from outside the UAE   • Corporate members Emirates NBD, Sumitomo and Accenture team up with 9 startups offering cutting-edge solutions to existing challenges     Dubai, United Arab Emirates, July 01, 2020:    Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has announced the successful conclusion of the Market Access programme’s second cohort, which saw several high-potential startups joining forces with leading UAE corporates at a recent business pitching and matchmaking event.   The virtual event, held  on June 17th, 18th and 22nd, saw Market Access corporate members Emirates NBD, Sumitomo and Accenture team up with nine ......read more

Deloitte: Should GCC Countries Re-Calibrate Their Strategies Given Low Oil Prices?…

Dubai, United Arab Emirates, July 01, 2020:   The dual crisis engendered by the conflict over production levels within OPEC + and the reduced demand caused by the COVID-19 pandemic have prompted a global, sector-wide downturn in the Oil and Gas (O&G) industry that has left the oil-dependent economies vulnerable in terms of fiscal revenue. Demand for oil has fallen by over 18 percent since the beginning of the year, leading to a steep decline of more than 70 percent in the price of oil. Deloitte has just released its new report, Impact of oil industry crisis on the GCC and potential responses, which explores different potential responses GCC countries can take to address the impact of the oil industry crisis on their economies. “The oil industry is facing its gravest crisis in 100 years, leading to a steep decline ......read more

Empower Launches Its Summer Campaign to Rationalize District Cooling Energy Consumption…

Dubai, UAE, 29 June 2020:   As part of its efforts to raise awareness about the importance of adopting sustainability practices and provide environment friendly district cooling services, Emirates Central Cooling Systems Corporation (Empower) has launched a consumption rationalization campaign under the theme ’ Set your AC at 24°C Auto and Save’. The campaign will run until the end of summer and aims to encouraging its customers to rationalize the district cooling consumption during the summer season by setting the air- conditioner thermostat at 24°C, as well as using innovative and eco-friendly methods that help in reducing indoor temperature and monthly costs, and achieving significant savings in energy and resources.. Empower pointed out that the campaign targets all the customer segments across ......read more

Dubai Businesses Explore Opportunities in Mozambique's Growing Oil and Gas Sector…

- Dubai Chamber webinar attended by over 130 business leaders from the UAE, Mozambique and Southern Africa   - Event familiarised Dubai-based companies with competitive advantages of doing business in Mozambique and process of setting up in the African country    - Khan: Dubai-based companies that have the right level of expertise and investments to fill gaps in the Mozambican market     Dubai, United Arab Emirates, June 29, 2020:    Mozambique is on its way to becoming one of the world’s largest energy producers, and its growing oil and gas market is ripe with business opportunities that companies in Dubai can capitalise on, industry experts said during a recent Dubai Chamber webinar.   Sharing their insights, experts identified rising demand for digital solutions ......read more

Other Top Stories from Energy, Oil & Gas
 
Peak Demand for Fossil Fuels in 2019 Has Become a Real Possibility…

New Analysis by Boston Consulting Group Reveals That the COVID-19 Crisis May Have Accelerated Peak Demand for Fossil Fuel by More Than a Decade, Causing It to Reach Its Zenith in 2019   Dubai, United Arab Emirates, June 28, 2020:   As the short-term economic fallout of the global COVID-19 pandemic becomes increasingly visible, recent research by Boston Consulting Group (BCG) ......read more

Emirates Insolaire Solar Panels at DEWA Innovation Centre to Generate more than 360,000 KWh ...…

3,339 panels covering 2,000 Sqm to result in approximate cost savings worth AED 158,000 annually Dubai, UAE, 28th June 2020:   Emirates Insolaire, a pioneer in the development and application of new solar technologies and a joint venture of Dubai Investments PJSC and Swissinso SA, Switzerland has announced the undertaking  of the installation of solar panels at the DEWA ......read more

Crude Oil Headwinds on Virus and Technicals…

By Ole Hansen, Head of Commodity Strategy Saxo Bank   Crude oil's rally to the highest levels since early March has paused with the technical outlook beginning to look more challenging. The attention has for now turned from OPEC+ and successful production cuts to concerns that a renewed spike in COVID-19 cases may slow the process towards a further recovery in global demand. On tap ......read more

DP World Presents: Enabling Smarter Conversations Leadership in Unprecedented Times…

Dubai, United Arab Emirates, June 25, 2020:   Cyril Abiteboul, Managing Director of the Renault DP World F1 team and Keith Pelley, CEO of the European Tour, open up over the challenges they have faced and the important decisions they have had to make in the wake of the COVID-19 pandemic, as part of a three episode mini-series produced by their partner in common, DP World. The ......read more

Siemens Energy signs Al Hamudhia 400kV Substation contract with Iraqi Ministry of Electricity…

• Providing reliable power supply to Ramadi, Fallujah, Saqlawyah, Khalediyah cities and surrounding areas in Al Anbar governorate • Enabling efficient transmission and a higher utilization of Al Anbar power plant’s generated power to support demand growth     Siemens Energy and the Iraqi Ministry of Electricity have signed a contract for the Al Hamudhia ......read more

ADNOC Distribution Ranked No1 Retail Brand in Forbes Middle East Top 100 2020…

Abu Dhabi, UAE. 22 June 2020:   ADNOC Distribution, the UAE’s largest fuel and convenience store retailer, has been named the No1. retail brand in the region in the Forbes Middle East Top 100 Companies 2020.  Compiled of the largest and most successful listed companies in the region, the validation comprises in-depth research and data from all stock exchanges in Arab ......read more

Sharaf DG Energy Implements a Simple Energy-Conservation Initiative to Save Dubai Healthcare City ...…

Dubai, UAE, 21st June 2020 – Dubai Healthcare City (DHCC), a free economic zone set up to meet the demand for high-quality healthcare, has adopted a simple yet effective energy-conservation initiative with the help of Sharaf DG Energy. In just 30 days, the renowned Dubai-based solar energy and lighting company retrofitted DHCC’s entire parking area. The scope of the project ......read more

Schneider Electric Extends Strategic Partnerships with AVEVA, Lenovo and Stratus to Enable IT/OT ...…

● Co-developed with AVEVA, industrial edge reference designs enable system integrators to simplify IT deployments and facilitate their customers’ digital transformations ● Schneider Electric Exchange digital community connects IT solution providers and system integrators to expand their business  ● New tools, training, and community programs open ......read more

Trina Solar Appoints Al-Raebi as Authorized Distributor in Yemen…

Dubai, UAE: June 16, 2020 - Trina Solar Co., Ltd ("Trina Solar" or the "Company") has announced that it has signed an agreement with the Yemeni photovoltaic firm Al Raebi for Trading Co. to be its authorized distributor in Yemen. The agreement comes as a further commitment of Trina Solar’s expansion plans and towards increasing its footprint in the Middle East & ......read more

BofA - Global Energy Weekly: Learning to LUV oil…

Global Energy Weekly: Learning to LUV oil BofA Global Research Media Relations   Dubai, United Arab Emirates, June 14, 2020:   Refer to important disclosures at the end of this report (see link below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a ......read more

Crude Oil Weakness Emerging Following OPEC+ Decision…

By Ole Hansen, Head of Commodity Strategy at Saxo Bank   Dubai, United Arab Emirates, June 11, 2020:   Crude oil has run into profit taking following the OPEC+ expected and already priced in decision to extend production cuts to end July. Multiple challenges to oil's continued recovery exists and with that in mind we suspect the expected consolidation phase has started. ......read more

Trina Solar Issues First a-shares on Shanghai Sci-tech Innovation Board…

Dubai, United Arab Emirates, June 11, 2020:   Trina Solar Co Ltd today became the first Chinese PV product, PV system and smart energy company to trade on the Shanghai Stock Exchange Science and Technology Innovation Board (Trina Solar; code: 688599), also known as the STAR Market.   At the listing ceremony, Gao Jifan, Chairman and General Manager of Trina Solar, struck the gong, ......read more

Schneider Electric 2020 Corporate Energy & Sustainability Progress Report Demonstrates That ...…

● Energy management increasingly important as strategic lever in highly volatile, disruptive environment ● New innovations in technology simplify data management for complex energy management projects  ● Tackling climate change becomes a critical part of energy investments as organizations pursue long-term sustainability   Dubai, United Arab Emirates, 7 ......read more

Honeywell Announces Opening of Gas Detector Factory in Saudi Arabia…

• New facility will form part of Honeywell’s alignment to Saudi Vision 2030 and localization commitments, supporting economic diversification • Honeywell becomes the first international company to produce industrial gas detectors in Saudi Arabia     June 02, 2020 - Honeywell (NYSE: HON), a global technology leader, has today announced it will open a new ......read more

Trina Solar Recognized as a "Top Performer" Module Manufacturer for Sixth Consecutive Time…

Dubai, United Arab Emirates, May 31, 2020:   Trina Solar Co., Ltd ("Trina Solar" or the "Company"), the world's leading PV and smart energy total solution provider, has been recognized as a "Top Performer" for outstanding product reliability and performance among global PV module manufacturers by PV Evolution Labs (PVEL), the leading independent test ......read more

MHPS Captures Global Gas Turbine Market Share Leadership Again…

-- Demand Surges for Advanced Class Gas Turbines --    Dubai, United Arab Emirates, May 20, 2020:   Mitsubishi Hitachi Power Systems (MHPS) ranks first in market share by megawatts for gas turbine orders in 2020 according to data obtained from McCoy Power Reports. First quarter global orders of 2,638 MW brought MHPS’ market share to 28.5 percent globally. This ......read more

Reduced Demand for Global Oil Supply May Be Permanent…

Dubai, United Arab Emirates, May 13, 2020:   Robert Minter, Investment Strategist at Aberdeen Standard Investments, explains the impact of the pandemic on the O&G sector worldwide and offers some predictions for the next 12 months.   Some stress had already begun to appear in the global oil markets at the turn of the year. The US and Europe were in the middle  of an ......read more

Daikin Mini VRV 5-s with climate-friendly R-32 refrigerant soon to be available in MEA …

Newly developed system seen to help reduce carbon emissions in air-conditioning sector 11 May 2020 - Daikin Middle East and Africa (MEA) recently announced that the “Mini VRV 5-s” air-conditioning system with climate-friendly R-32 refrigerant will soon be available in the region as the company moves to strengthen its contributions to the MEA region, following the rising ......read more

ENEC CEO Addresses Global Energy Community During Atlantic Council Fireside Chat…

 H.E. Mohamed Al Hammadi, CEO of ENEC, sat down via video conference with Frederick Kempe, President and CEO of the Atlantic Council, for a virtual fireside chat on COVID-19 and the future of the decarbonized global power system  H.E. Al Hammadi: ”Over 700 people are working on the Barakah plant project to meet the timeline”     Abu Dhabi, UAE ......read more

Trina Solar Vertex Module Reaches 515.8W Power Output Reviewed by TÜV Rheinland…

The Vertex module sets new industry benchmark with its ultra-high power output   Dubai, UAE – 04 May 2020:   Trina Solar Co., Ltd ("Trina Solar" or the "Company") announced that its Vertex module is able to reach 515.8W power output, based on the test result by TÜV Rheinland’s independent evaluation. This is another major breakthrough ......read more

MHPS J-Series Gas Turbine Fleet Achieves One Million Commercial Operating Hours…

• Achieves world record reliability of 99.3% • Latest enhancement is the largest, most fuel-efficient gas turbine in operation anywhere in the world • 30% renewable hydrogen capable, with 100% capability in development       Dubai - UAE, May 4, 2020:   Mitsubishi Hitachi Power Systems’ (MHPS) J-Series gas turbine installed fleet ......read more

Gulf Renewable Lab Receives Accreditation from GCC Accreditation Center…

Dubai, United Arab Emirates, April 29, 2020:  Gulf Renewable Lab, a joint venture between global safety science organization UL and GCC Electrical Testing Laboratories (GCC Labs) has received accreditation by GCC Accreditation Center (GAC) in accordance with the recognized International Standard ISO/IEC 17025:2017.   The recently inaugurated Gulf Renewables Lab met the technical ......read more

Commodity Weekly: Oil Bounces but Risk of Tank Tops Still Weighing…

While the US stock market, led by technology, healthcare and media, continues to send a signal that all is well you only have to look beneath the surface to find that it is not the case. Massive amounts of stimulus have found their way into the stock markets but not to the man on the street with unemployment rising and consumer confidence plummeting. These developments have put many government ......read more

BNC Network Press Release: USD 12.9 Billion Worth of Energy Projects were Awarded in the GCC in Q1 ...…

BNC Network Energy Sector Drives Construction in Q1 2020 USD 12.9 billion worth of energy projects were awarded in the GCC in Q1 2020 registering a 53% QoQ hike     Key Highlights   • Oil & gas projects worth USD 7.3 billion were awarded across the GCC in Q1 2020 • USD 19.2 billion worth of urban construction projects were completed in ......read more

Are you Seizing all the Digital Opportunities in your Oil and Gas Downstream Operations to Improve ...…

Written by: Georges El Mir, Vice President Oil, Gas & Petrochemicals, Schneider Electric Dubai, United Arab Emirates, April 16, 2020:   Oil prices have been declining since reaching a record of almost $150/barrel over a decade ago (yes, prices were that high). The price volatility has caused, and continues to cause, a lot of distress across the value chain, reducing both CAPEX ......read more

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