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Featured in Energy, Oil & Gas
US $859bn Oil, Gas and Petrochemical Projects Underway or Planned in the MENA Region as Global Demand for Energy Rises…

Saudi Arabia, Kuwait and UAE lead the way with strategic investments designed to maximize value and open up new revenue streams ADIPEC 2019 will be catalyst for robust oil and gas industry growth as companies forge new partnerships and tap into the emerging commercial opportunities investments are creating Abu Dhabi, UAE – 08 August 2019:  Oil, gas and petrochemical projects, valued at more than US $859 billion, are either underway or planned in the Middle East and North Africa, of these US $283 billion are projects are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades.   According to industry forecasts global oil demand will increase by at least 10 million barrels per day by 2040, while natural gas demand is set to grow by 40 per cent ......read more

Empower awards network extension contract worth AED 25 million…

To meet the needs of major development projects in Dubai Dubai, UAE, 7 August 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that it has awarded contract worth AED 25 million to extend its cooling service pipeline network in order to meet the needs of major development projects in Dubai. This extension work will be completed by the end of 2019, and will link ‘Al Wasl Tower 2020’ and the ‘Yotel Hotel’ in Sheikh Zayed Road, ‘The Address Hotel’ and the ‘One JBR Tower’ in Jumeirah Beach Residence as well as Barsha Heights with the permanent cooling plants located in the respective areas.  Extension of pipe network is part of Empower’s strategy to expand its projects as demand for district ......read more

RAKEZ partners with Smart4Power to reduce energy and water consumption by 38%…

through a retrofit initiative – “Among the highest achievements in the region for comprehensive retrofit projects”. At a signing ceremony, HH Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAKEZ, signed an agreement to retrofit nine RAKEZ buildings and reduce energy and water consumption through a guaranteed savings contract. Ras Al Khaimah, 3 August 2019: Ras Al Khaimah Economic Zone (RAKEZ) has contracted with Smart4Power, one of the Middle East’s leading energy efficiency solutions providers, for a retrofit project covering nine buildings, including a district cooling plant. The agreement, which is part of RAKEZ contribution towards the targets of RAK Energy Efficiency and Renewable Energy Strategy 2040, will extend over five years, and will provide guaranteed energy and water savings of 38.5% vs. usual ......read more

Tabreed reports solid results for the first half of 2019 with underlying net profit up 11%…

1 August, 2019 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based regional district cooling developer, released today its consolidated financial results for the first half of 2019. The company continues to meet the region’s growing demand for district cooling and delivers solid performance and growth.   Financial highlights – six months ended 30 June 2019: Group revenue increased by 3% to AED 671.9 million (H1 2018: AED 650.7 million) Core chilled water revenue increased by 3% to AED 634.4 million (H1 2018: AED 617.3 million) EBITDA increased by 12% to AED 366.0 million (H1 2018: AED 326.1 million) Net profit attributable to the parent was   AED 199.4 million, an increase of 11% on H1 2018, when the latter is adjusted for the ......read more

Schneider Electric Extends Easy UPS 3M to 200 kVA, Delivering up to 99% Energy Efficiency in an Optimized Footprint…

Easy UPS 3 Series now extends from 10 to 200 kVA with new Easy UPS 3M 120, 160, and 200 kVA UPSs Easy UPS 3M offers small and medium business competitive specifications requiring lower capital investment Simple to install, use, and service Dubai, UAE - July 28, 2019 – Schneider Electric, the global specialist in energy management and automation, today announced it has extended Easy UPS 3M from 60-200 kVA with the addition of 120, 160, and 200 kVA Uninterruptable Power Supplies (UPSs). Available in China now and coming soon to the other regions, the Easy UPS 3M 120-200 kVA UPSs personify simplicity as they are easy to install, easy to use, and easy to service, providing business continuity for small and medium businesses, and making it an excellent fit in both the data center space and in industrial ......read more

Emicool receives two IDEA District Energy Awards marking 9thconsecutive year win…

More than dozen awards conferred during the last 9 years  Dubai, July 28, 2019:   Emirates District Cooling LLC [Emicool] – a leading district cooling service provider in the region and a wholly owned subsidiary of Dubai Investments PJSC has been conferred with its 9th consecutive IDEA District Energy Awards in two categories. A bronze each has been won under the “No of Buildings Committed/ Beyond North America” and “Total Building Area Committed/Beyond North America” categories.  The awards given at the 110th International District Energy Association [IDEA] Annual Conference and Trade Show held in Pittsburgh, USA, has been an active contributor in informing, connecting, and advancing district energy industry around the world. With over a dozen IDEA Awards, over the last nine ......read more

ADNOC and Pertamina Sign Comprehensive Strategic Framework in Oil and Gas Development…

Framework signed in the presence of the Crown Prince of Abu Dhabi and the President of Indonesia. ADNOC and Pertamina to explore opportunities for collaboration across the oil and gas value chain in the UAE, Indonesia and globally.  Projects under consideration include potential new investments in upstream, refining, petrochemicals, LNG, LPG, aviation fuel and fuel retail, as well as other forms of strategic collaboration. Agreement further demonstrates both companies’ expanded partnership approach and drive to unlock value across their portfolio of assets. Dubai, UAE - July 24, 2019: The Abu Dhabi National Oil Company (ADNOC) today signed a Comprehensive Strategic Framework (CSF) with Indonesia’s energy company, PT Pertamina (Persero) to explore opportunities for collaboration across the oil and gas value ......read more

Oil and Gas industry's digital transformation fast tracked as Middle East energy companies seek faster and leaner exploration and production…

Investment in AI, big data and analytics could cut capital expenditure by 20 percent and add $300 billion a year to offshore cash flows by 2025  Digital innovation to drive unprecedented era of oil and gas productivity as global energy demand continues to rise   ADIPEC 2019 to bring together industry thought leaders to explore the nexus between break though technologies and energy Abu Dhabi, UAE – 23 July 2019 – Digital transformation of the oil and gas industry in the Middle East and North Africa continues to be fast tracked, as energy companies across the region ramp up investment in technologies supporting faster and leaner exploration and production and optimisation of costs.   In the past five years the MENA region has seen a tight focus on cost reduction, as oil and gas companies have responded ......read more

ENOC Group launches ‘ENOCBlue' diesel exhaust fluid…

ENOCBlue is a Euro 4 and above regulated product that reduces harmful emissions, especially from heavy duty vehicles, by up to 90 per cent Product mandated by Emirates Authority for Standardization and Metrology (ESMA), UAE’s flagbearer for excellence and quality   Dubai, United Arab Emirates, 23 July, 2019: ENOC Group recently launched ENOCBlue, a diesel exhaust fluid that reduces harmful emissions, in the UAE. The product, mandated by ESMA and regulated by Euro 4 and above, is one of the highest international standards for exhaust emissions is available in small and bulk quantities for corporate customers, and will soon be rolled out across ENOC’s retail network.   ENOCBlue is a revolutionary non-toxic, colorless, odorless, incombustible diesel exhaust fluid that breaks down toxic nitrogen ......read more

EY collaborates with the World Energy Council on innovation in energy…

Platinum sponsorship deal announced for the 24th World Energy Congress Abu Dhabi, 22 July 2019:  The World Energy Council has announced their collaboration with EY on the topic of innovation in energy and their platinum sponsorship of the 24th World Energy Congress, to be held between 9-12 September 2019 in Abu Dhabi. EY will play an integral role by offering insight and thought leadership on the issues faced by the industry - helping delegates anticipate market trends, identify implications and opportunities and apply innovative thinking and the latest technology. EY has been a long-standing supporter of the World Energy Council and a valued member of the Council’s international network. In 2012, EY became a Global Supporter, joining a select group of leading organizations who work closely with the Council to help ......read more

ENEC highlights benefits of peaceful nuclear energy during participation in the Liwa Date Festival 2019…

ENEC, the Community Sponsor, welcomes significant number of visitors to its pavilion at Liwa Date Festival.   Abu Dhabi, UAE - 21 July 2019:  The Emirates Nuclear Energy Corporation (ENEC) is the Community Sponsor of the Liwa Date Festival 2019. The event is taking place from 17 to 27 July 2019 in the Al Dhafra region of Abu Dhabi, UAE.   The Festival is held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and organized by the Cultural Programs and Heritage Festivals Committee - Abu Dhabi. ENEC’s participation is the result of its ongoing efforts to support the economic and social development of the Al Dhafra region. Visitors to ENEC’s pavilion have been updated on the latest achievements accomplished at the ......read more

Empower: District cooling is environmentally-friendly and saves energy…

Dubai, UAE, 17th July 2019: In light of the urban expansion and the major developments in the construction sector, especially in the GCC, the gradual rise in temperature has become a challenge during the last hundred to two hundred years due to greenhouse gas emissions, carbon dioxide and many other types of gases. As a result, the United Nations (UN) began to adopt and promote a culture of sustainable development to preserve the environment, through a plan for a better and more sustainable future for all; aimed at combating climate change and environmental degradation by 2030. Consequently, Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, plays a major role in adopting district cooling systems locally and internationally. According to the UN, Empower is a key ......read more

Mubadala Petroleum to farmout a 20% participating interest in both the Andaman I and South Andaman PSCs in Indonesia…

Abu Dhabi, 17 July, 2019:   Mubadala Petroleum announces that it has signed an agreement with Premier Oil to farmout a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs). Mubadala Petroleum is the operator of both the Andaman I and adjacent South Andaman PSCs.  Completion of the transaction is subject to customary conditions including government approvals.   The Andaman I and South Andaman PSCs are located in the underexplored but proven North Sumatra basin offshore Aceh. Mubadala Petroleum is also a partner with a 30 percent participating interest in the Andaman II PSC which is operated by Premier Oil. With participating interests in these three adjacent blocks, Mubadala Petroleum is the largest net acreage holder in the area, securing the ......read more

New National Poll Reveals Continuously High Levels of Trust and Support for UAE Peaceful Nuclear Energy Program…

National poll on nuclear energy in the UAE highlights some of the highest favorability rates for nuclear energy in the world The national poll conducted by the independent global market research company Nielsen shows the increase of awareness of the UAE Peaceful Nuclear Energy Program by seven percent    Abu Dhabi, UAE – 15 July 2019: A new national poll on nuclear energy has shown that UAE residents are in favour of, and have a strong understanding of the UAE Peaceful Nuclear Energy Program. The poll revealed some of the highest favorability rates for nuclear energy in the world – higher than any other nuclear energy producing nations.    The poll was commissioned by the Emirates Nuclear Energy Corporation (ENEC) and conducted in 2018 by the independent global market research company ......read more

Schneider Electric's Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Technology and Renewable Energy to Enhance Its Operations…

• Schneider Electric’s factory in Cikarang, Indonesia, is the showcase for the integration of industrial automation systems and renewable energy utilization  • The Engineer-to-Order factory demonstrates quantifiable and real-time benefits while protecting the environment -- improvements in energy efficiency and productivity by up to 15%; reduction in time and costs, and operator errors; while at the same time provide better support to the end user in the day-to-day operations and maintenance through better visibility. • Schneider Electric has a strong commitment in accelerating the implementation of industry 4.0 in Indonesia through its comprehensive EcoStruxure™ solutions and the sharing of best practices of its smart factories’ transformation to Indonesia’s industry ......read more

FANR Certifies ENEC's First group of UAE National Nuclear Reactor Operators…

A Major Milestone in the UAE Peaceful Nuclear Energy Programme Certification is part of Operational Readiness which is a key requirement of the Operating License Application FANR is currently in the final stage of reviewing the Operating License Application for Units 1  of the Barakah Nuclear Energy Plant   08 July 2019, Abu Dhabi, United Arab Emirates: The Federal Authority for Nuclear Regulation (FANR), the UAE’s Nuclear Regulator, has officially certified today the first group of 15 UAE National Senior Reactor Operators (SROs) and Reactor Operators (ROs) at Nawah Energy Company, the operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (ENEC).    The certification is part of complying with FANR’s Regulation 17 ‘Regulation for the Certification of ......read more

Empower successfully renewed ISO27001:2013 certificate…

Dubai, UAE, 7th July 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, achieved the highest internationally recognised safety standard in the protection of customer information since 2014. Safety and information security have become the foundation of successful and safe business services due to scientific progress and high reliance on technology, which are now a key component of business activities within many organisations. Empower successfully completed the Information Security Management System Surveillance audit (ISO27001:2013), covering the highest international standards for information security for the next 3 years. ISO27001:2013 certification is the international standard that specifies how to develop a properly managed information security management ......read more

Schneider Electric's Batam Smart Factory recognized by the World Economic Forum as a Fourth Industrial Revolution Lighthouse…

• The factory in Batam, Indonesia, is the third Schneider Electric Smart Factory recognized by the World Economic Forum as advanced manufacturing sites • Schneider Electric's Smart Factory Program has launched nine showcase factories around the world, demystifying digital transformation for industry • EcoStruxureTM solutions, the foundation of Schneider Electric's Smart Factories, drive efficiencies in an increasingly competitive environment    Dubai, United Arab Emirates -  04 July  2019:   Schneider Electric, the leader in digital transformation of energy management and automation, has today had its Smart Factory in Batam, Indonesia, designated as an Advanced 4th Industrial Revolution (4IR) Lighthouse by the World Economic Forum at its 13th Annual Meeting of the New ......read more

ADNOC's Al Dhafra Petroleum Joint Venture Celebrates First Oil Production from Haliba Field…

Leading government delegation from South Korea arrive in the UAE to mark the success of Haliba Al Dhafra Petroleum is a joint venture between ADNOC and South Korea’s KNOC and GS Energy Haliba is a building block of ADNOC’s oil production capacity growth to 4 million bpd by the end of 2020 and demonstrates ADNOC’s ambition to unlock and maximize value from all of Abu Dhabi’s oil and gas resources First oil comes as Al Dhafra Petroleum discovers three new fields near Haliba following intensive exploration  Abu Dhabi, UAE – July 4, 2019:  Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy, and one of ADNOC’s youngest operating companies, announced, today, it has begun producing crude oil from ......read more

EWEC invites bids for one of the world's largest solar plants to be located in Abu Dhabi…

Abu Dhabi, 03 July, 2019: Emirates Water and Electricity Company PJSC (EWEC), the UAE’s leading procurer of water and electricity, has issued a Tender for the construction and development of a new 2,000 MW solar photovoltaic (PV) power project to be located at Al Dhafra, Abu Dhabi. The new project forms part of a series of projects approved by the higher Committee for the Water and Electricity Sector in Abu Dhabi. Once completed, the project site will cover an area of approximately 20 Km², almost doubling the capacity of the current largest operational single-site solar PV plant in the world, Noor Abu Dhabi. The new project is expected to achieve commercial operations during the first quarter of 2022, upon which it would take Abu Dhabi solar capacity to 3,200 MW. This follows the receipt by EWEC earlier this year of 48 ......read more

Saudi Arabia's Ministry of Energy, Industry and Mineral Resources signs a contract announcing major presence at the 24th World Energy Congress in Abu Dhabi…

Saudi Arabia’s pavilion will be the largest country pavilion at this year’s World Energy Congress, held 9 – 12 September.   Abu Dhabi, 3 July 2019:  The Kingdom of Saudi Arabia will have a large presence at the 24th World Energy Congress in Abu Dhabi after signing a major contract with the Organizing Committee today.   More than 20 organizations from the energy sector in Saudi Arabia are set to showcase their services during the World Energy Congress, highlighting the strength of the country’s energy sector and its efforts to move towards a more sustainable industry model.   Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the 24th World Energy Congress will offer a unique platform for global energy leaders to explore new ......read more

Empower guides customers to avoid disruption of service during summer…

Dubai, UAE, 3rd July 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, offered its customers a set of guidelines to avoid service interruption during summer, and to enjoy a refreshing summer. Through this, Empower aims to increase customer satisfaction by providing the best services and solutions in the cooling sector. Empower has highlighted the key steps for its customers to enjoy sustainable district cooling services include checking cooling equipment and contacting the company in case of disruptions in service. It is recommended to contact the buildings maintenance team to check the air filters, which may sometimes be blocked by dust, in addition to timely payment of bills before and on the due dates, through its multiple payment options, to avoid service ......read more

Liberty completes landmark acquisition of European ArcelorMittal steel assets…

Deal catapults Liberty into top 10 steel producers globally excluding China 1 July 2019 - Dubai, UAE Liberty Steel, part of Sanjeev Gupta’s global GFG Alliance, today completed the acquisition of seven major steelworks and five service centres across seven European countries from ArcelorMittal.  The €740 million deal makes Liberty Steel one of the top ten producers globally, excluding China, with a total rolling capacity in excess of 18 million tonnes covering a wide range of finished products. This is the largest single transaction undertaken by GFG and brings the Alliance’s worldwide workforce to nearly 30,000 across 30 counties.  The seven sites, which today became part of Liberty, employ over 14,000 people and include the major integrated steel works at Ostrava in the Czech Republic and ......read more

Emirates Water and Electricity Company appoints Othman Al Ali as Chief Executive Officer…

Abu Dhabi, 26 June, 2019:   Othman Al Ali has been appointed Chief Executive Officer of the Emirates Water and Electricity Company (EWEC), a leading company in the coordination of planning, purchasing and providing of power and water across the UAE.  Othman joins from the Federal Electricity and Water Authority (FEWA), where he was Chief Financial Officer. He has almost two decades of experience in both the private and public sectors, having held various positions in the utilities and banking industries across a number of federal government entities.  Throughout his career, Othman has been the driving force behind several successful restructures and transformations that improved efficiency and strengthened performance, including initiatives to privatise the utilities sector. Mohamed Hassan Al Suwaidi, ......read more

Nawah Energy Company signs Long-term Maintenance Service Agreement with KHNP & KPS…

Korea Hydro & Nuclear Power and KEPCO Plant Service & Engineering Co. will provide services to support Nawah Energy Company in maintaining the Barakah Nuclear Energy Plant   24 June 2019 – Abu Dhabi, United Arab Emirates: Nawah Energy Company (Nawah), the subsidiary created by Joint Venture partners Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO) to operate and maintain the Barakah Nuclear Energy Plant, has today signed a Long Term Maintenance Services Agreement (LTMSA) with Korea Hydro & Nuclear Power (KHNP), supported by KEPCO Plant Service & Engineering (KPS).    Under the scope of the signed LTMSA contract, KHNP and KPS will provide maintenance services to support routine and outage maintenance activities of the four APR1400 units of the Barakah ......read more

Other Top Stories from Energy, Oil & Gas
 
LIN SCAN successfully inspects unpiggable loading line in UAE using state of the art technology…

Dubai, United Arab Emirates, April 23, 2019:   On 6th February 2019, LIN SCAN successfully completed the cleaning and inspection of three strategic crude oil loading lines in the UAE that had been deemed unpiggable. Within 120 days, thanks to excellent planning and innovation, LIN SCAN carried out the geometric and metal loss inspection survey using its high-resolution Magnetic Flux ......read more

Schneider Electric named among 100 of the World's Most Ethical Companies by the Ethisphere® ...…

Schneider Electric is recognized for the ninth consecutive year for putting values and ethics at the heart of its strategy  The ranking recognizes Schneider Electric’s long-term commitment to business ethics at all levels Schneider Electric will expand its ethics charter with a chapter on digital responsibility, making it a leader in this area   Dubai, UAE, April ......read more

LIN SCAN successfully cleans unpiggable UAE loading lines…

Dubai, United Arab Emirates, 21 April 2019:  On 6th February 2019, LIN SCAN successfully completed the cleaning and inspection of three strategic crude oil loading lines in the UAE that had been deemed unpiggable. Within 120 days, thanks to excellent planning and innovation, LIN SCAN carried out the geometric and metal loss inspection survey using its high-resolution Magnetic Flux Leakage ......read more

APICORP Reports 2018 Record Financial Year with net profit increase to USD182m…

2018 marks a record financial year for APICORP  Total assets grew by 11% Dubai, UAE, April 17, 2019:   The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, held its 43rd General Assembly for 2019 in Muscat, Oman.  The meetings were attended by the shareholders of APICORP representing its member states, the ten ......read more

Grandweld Shipyards delivers four Crew Boats to Kuwait Oil Company…

As per the contract’s delivery deadline 17 April 2019:   The UAE-based, Grandweld Shipyards, has recently announced a delivery of four Crew Boats to Kuwait Oil Company “KOC”. As per the contractual agreement signed in May 2017, Grandweld should build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining five will be ......read more

BP and Schneider Electric Sign Five-Year, Global Frame Agreement…

Schneider Electric to serve as one of BP’s Main Electrical Contractors  Intention to drive value, innovation and safety for BP’s upstream projects EcoStruxture architecture to improve lifecycleTotEx spend from design to commissioning to operations Dubai, UAE, April 16, 2019:  BP, a global energy producer, has selected Schneider Electric, a leader in the digital ......read more

RAK Petroleum plc announces share buyback offer…

Not for Direct or Indirect Release, Publication or Distribution, in Whole or in Part, Into or in the United States, Canada, Australia, New Zealand, South Africa, Japan, the Kingdom of Saudi Arabia or the United Arab Emirates or Any Other Jurisdiction in Which Offers or Sales Would Be Prohibited by Applicable Law. Please See the Important Notice at the End of This Announcement. Dubai, UAE, ......read more

Schneider Electric Extends Award-Winning Galaxy UPS Series with the Galaxy VS for Critical ...…

Compact and flexible design ideal for any environment 99% online efficiency and Lithium-ion battery option reduce Total Cost of Ownership EcoStruxure™ Ready simplifies management and servicing Modular design for faster deployment and servicing Dubai, UAE, April 14, 2019:  Schneider Electric, the leader in digital transformation of energy management and automation, today ......read more

DP World, UAE Region to Unveil Door-to-door Solutions at GPCA…

Strengthening Dubai's Position as a Hub for Petrochemicals and Chemicals Dubai, United Arab Emirates, 13 April 2019:   DP World UAE Region will showcase its latest range of offerings for the petrochemicals and chemicals sector at the 11th Gulf Petrochemical and Chemical Association (GPCA) trade show that will be held from 15-17 April 2019 in Dubai. The company will highlight ......read more

Abdul Latif Jameel Energy continues advance in Australia in drive to grow capacity eight-fold by ...…

The solar plant will produce enough energy to supply more than 45,000 Australian homes, while avoiding the emission of 175,000 tons of CO2 per year FRV has invested USD 700m in Australia since 2012  Company investing USD 900m worldwide in 2019 alone in strategy to increase installed capacity eight-fold by 2024 in projects around the world Dubai, UAE, 10 April 2019:  ......read more

At Hannover Messe 2019, Schneider Electric showcases digital collaboration and productivity ...…

Schneider Electric Exchange is the world’s first cross-industry open ecosystem that unleashes the power of collaboration in an open environment Schneider Electric’s EcoStruxure architecture and platform gives unprecedented productivity with IIoT-ready solutions for machine builders A new range of EcoStruxure Advisor apps and services help companies start their digitization ......read more

Schneider Electric Combines Physical Infrastructure with Cisco's HyperFlex™ Edge for New Micro Data ...…

Offering several new, customizable reference designs for flexibility and fast deployment at the Edge Dubai, UAE, April 07, 2019:   Schneider Electric, the leader in digital transformation of energy management and automation, announced today new solutions for micro data centers that couple APC by Schneider Electric physical infrastructure with Cisco’s HyperFlex Edge, ......read more

The Arab Petroleum Investments Corporation (APICORP) issues USD 300 million 5-Year Dual Listed ...…

The transaction from APICORP is the third successful “Formosa” bond since its first Formosa issuance in 2016 Dubai, UAE, April 03, 2019:   The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank, rated Aa3 by Moody’s with a positive outlook, successfully issued its third Formosa bond after accessing this market earlier in 2016 and ......read more

Next Stage of Testing Completed at Unit 2 of Barakah Nuclear Energy Plant…

Structural Integrity Test (SIT) and Integrated Leak Rate Test (ILRT) successfully completed for Unit 2 SIT and ILRT demonstrate Unit 2’s exemplary structural safety performance under normal and extraordinary circumstances  Abu Dhabi, UAE – 31 March  2019:  The Emirates Nuclear Energy Corporation (ENEC) has recently completed the Structural Integrity Test ......read more

Schneider Electric accelerates its practices of gender equality and inclusion forward with 100% ...…

Schneider Electric is the first multi-national company to achieve unanimous commitment by its country presidents to the UN’s guidelines on gender equality and empowerment Commitment exemplifies Schneider Electric’s practices of inclusion and furthers the company’s goals of advancing gender equality across its global footprint  Dubai, United Arab Emirates, March ......read more

Schneider Electric Partners with Vericlave to Strengthen Customers' Cyber Posture…

Fortifies end-to-end cyber portfolio to protect industrial installations Advanced technology shrinks attack surface by more than 90 percent Cuts cybersecurity deployment and ownership costs by 50 percent or more   Dubai, United Arab Emirates – March 21, 2019 –   Schneider Electric, the leader in the digital transformation of energy management and ......read more

ENOC Group to offer over 200 job opportunities at Careers UAE 2019…

Dubai, UAE; March 19, 2019: As part of its commitment towards human capital development, ENOC Group will offer over 200 job opportunities across upstream, downstream and corporate divisions within the Group to UAE nationals. These rewarding career opportunities will be showcased by the Group at the UAE Career Fair, to be held from March 19 to 21 at the Dubai World Trade Centre. ENOC is ......read more

Schneider Electric accelerates the transition to low carbon economy at the One Planet Summit 2019…

• Schneider Electric executives collaborate with other sustainability leaders on how to deliver tangible actions on the most pressing global sustainability challenges   • Company demonstrated how low carbon economy can be a reality now including business and the most vulnerable population alike    Dubai, March 18, 2019 – Almost 4 years after the adoption ......read more

Empower saves electricity worth AED 3 billion in 2018…

Cumulative saving of 1,160 Mega Watt electricity Dubai, UAE, 17 March 2019: Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has achieved total electricity savings of 1160 MW, worth AED 3 billion, in 2018 “As per its vision, Empower adopts an integrated strategy that contributes in raising customers awareness about ......read more

First edition of Abu Dhabi Engine Week coming soon to the capital…

Marks an exciting and entertaining new addition to the emirate's events calendar  Abu Dhabi, 14 March 2019 -   Abu Dhabi is set to host the inaugural Abu Dhabi Engine Week, aimed at car and adventure enthusiasts from across the UAE and wider Gulf region. From 28 March – 6 April, Engine Week will present a packed 10-day schedule of exciting activities in locations ......read more

South Energy signs agreement for its first solar project…

2MWp photovoltaic system set to provide green energy for five of Dubai South facilities Solar plant to generate more than 3,000,000kWh of clean & renewable energy annually Initiative set reduce CO2 emissions by 1,500 tons annually March 13, 2019: In line with Dubai’s efforts to increase sourcing energy needs from renewable energy and meet the goals under Dubai Clean Energy ......read more

ENEC Signs Memorandum of Understanding with ENUSA…

Emirates Nuclear Energy Corporation and ENUSA to collaborate and exchange of information and expertise in nuclear fuel services MoU signing ceremony held at ENEC headquarters in Abu Dhabi Abu Dhabi, UAE – 13 March 2019:  The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding (MoU) with Enusa Industrias Avanzadas, S.A., S.M.E. (ENUSA), defining ......read more

Industrial Sector's Business Group discusses Sharjah Chamber of Commerce and Industry's strategy to ...…

Dubai, UAE, March 13, 2019:  The   Industrial Sector’s Business Group, operating under the umbrella of the Sharjah Chamber of Commerce and Industry (SCCI), has discussed the SCCI strategy to enhance the industrial sector’s contribution to Sharjah economic growth, activate forward-looking plans and improve the industrial sector’s competitiveness in the business ......read more

Empower receives Dubai Chamber CSR label for the fifth year consecutively…

Ahmad Bin Shafar: “This recognition proves our commitment towards positive change that supports society and promotes sustainable development” Dubai, UAE, 11 March 2019:   Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has been awarded Dubai Chamber CSR label, for the fifth year consecutively, for its ......read more

Region's Young Engineers Shine Light on Intelligent Energy Solutions at "Future ...…

Electro-magnetic charging stations for Electric Vehicles, Magnetic RAM for data storage and Efficient Smart House to reduce power consumption among leading entries Dubai, UAE, Thursday March 9, 2019:  Some of the region’s brightest young engineers have showcased a wave of intelligent, next-generation solutions designed to solve today’s greatest power challenges during the ......read more

HH Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance opens ...…

44th edition of region’s leading power event welcomes more than 60,000 industry professionals across three-day show 1,600 exhibitors from all corners of the globe spotlight breakthrough tech and latest solutions to feed GCC’s USD109 billion power investment needs   Dubai, UAE, Tuesday March 5, 2019: His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of ......read more

Joint task-force of Dubai government entities and ENOC make steady progress in curbing illegal ...…

Inspections reveal that several companies are yet to comply with Emirates Authority for Standardization & Metrology (ESMA) guidelines  Dubai, United Arab Emirates - March, 05, 2018:  A joint task-force comprising six Dubai Government entities and ENOC Group is taking concerted efforts to curb illegal trade of diesel in Dubai, which have seen steady progress in recent ......read more

French electricity sector experts show their loyalty to Middle East Electricity 2019 in Dubai…

United Arab Emirates - March 04, 2019: 2019- 27 French companies will be exhibiting in 2019 with Business France, the national agency supporting the international development of the French economy, at the Middle East Electricity Show in Dubai, a chance for a French excellence sector that is both innovative and dynamic to enjoy the spotlight. The event is truly a springboard for companies looking ......read more

Middle East Electricity to Define Major Forces Disrupting Global Power Sector…

Dubai, UAE – Monday 4th March, 2019:  Power industry professionals from around the world descend on Dubai tomorrow (5th March) for Middle East Electricity 2019, the 44th edition of the region’s leading event for the power industry, to debate, promote and reshape the future of a sector beset by game-changing disruption.  The power battalion are exhibiting, visiting, and ......read more

Water revolution gathers pace in Middle East as eco-friendly consumers have their say…

Culligan says changing attitudes to consumption, waste added to technology advancements are taking water treatment to sustainable future  Dubai, UAE -  27 February 2019:  The Middle East is witnessing a dramatic change of attitude towards water, how we consume it and how to minimise the amount we waste, and water treatment experts say the revolution will continue to gather pace ......read more

Power of Renewables takes centre stage at Middle East Electricity 2019 with solar impulse ...…

Directors of award-winning movie ‘Point of No Return’ will host interactive session at mega power trade show Dubai, UAE – 27 February, 2019: Directors of the multi award-winning documentary ‘Point of No Return’ will put the growing influence and versatility of renewables firmly in focus at Middle East Electricity 2019 – the leading international trade event ......read more

French electricity sector experts show their loyalty to Middle East Electricity 2019 in Dubai…

United Arab Emirates - 26 February 2019:  27 French companies will be exhibiting in 2019 with Business France, the national agency supporting the international development of the French economy, at the Middle East Electricity Show in Dubai, a chance for a French excellence sector that is both innovative and dynamic to enjoy the spotlight. The event is truly a springboard for companies ......read more

Ahmad Bin Shafar participates in the IDEA Campus Energy 2019 at New Orleans, Louisiana…

Ahmad Bin Shafar: “IDEA is committed to diversify its topics and the objectives of its activities to maximise the benefit of all parties involved in the district cooling and heating sector” Dubai, UAE, 24 February 2019:  Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, ......read more

Artificial Intelligence to Impact Regional Power Sector Jobs, says New Middle East Electricity ...…

Power generation operations and maintenance to be major beneficiaries Advanced technology dominating knowledge programme at Middle East Electricity 2019 Dubai, United Arab Emirates - 24 February, 2019:  Artificial Intelligence (A.I.) will significantly impact roles within the regional power sector according to the newly-released Middle East Electricity A.I. & Energy Report, ......read more

Mubadala Petroleum Signed South Andaman PSC in Indonesia…

Abu Dhabi, 18 February 2019:  Mubadala Petroleum announces that it has signed the Gross Split Production Sharing Contract (PSC) for South Andaman, as awarded by the Government of Indonesia pursuant to the 2018 Indonesian Third Direct Tender Round. Following the signing, Mubadala Petroleum is the operator of both the South Andaman and the adjacent Andaman I PSC and a partner in the Andaman II ......read more

The UAE's Pioneering Nuclear Energy Program Discussed During ‘Government Leadership Talks'…

Entitled “Pioneering Nuclear Energy; Emirati Leadership” the session was led by H.E. Eng. Mohamed Al Hammadi, Chief Executive Officer of the Emirates Nuclear Energy Corporation  The session, held at ENEC’s headquarters in Abu Dhabi, highlighted the key role played by peaceful nuclear energy in powering the future growth and prosperity of the UAE   Abu ......read more

MHPS Is Global Market Share Leader in 2018 for Heavy Duty Gas Turbines…

J-Series Reliability and Efficiency Propel Mitsubishi Hitachi Power Systems to Global Leadership   Dubai, UAE (February 18, 2019) - Mitsubishi Hitachi Power Systems (MHPS) has achieved a major milestone in the global Power Generation sector, securing 2018 market share leadership in global orders for heavy duty gas turbines (100 MW and above). The result is based on data compiled ......read more

Etihad ESCO announces completion of Hatta Solar retrofit project…

7,756 photovoltaic (PV) solar panels installed over roofs of 554 Hatta villas Project to generate 3,612,357-kilowatt hour (KWh) of power annually Annual reduction of CO2 emissions by 2,159 tons among many benefits   UAE, 13 February 2019 – With DEWA’s support and sponsorship, Etihad Energy Services Company (Etihad ESCO), the wholly-owned subsidiary of Dubai ......read more

Nexans to present its cutting-edge umbilical offer at EGYPS 2019…

Dubai UAE, February 11, 2019 – Nexans, a global actor in cabling systems and services and an industry leader in umbilicals, will be attending the EGYPS 2019 exhibition and conference on February 11-13.  Through several umbilical deliveries in East Mediterranean, Nexans has confirmed its role as a trusted and committed partner in the in the oil and gas industry. This has also ......read more

ENEC Marks Innovation Week with a Focus on Youth, Artificial Intelligence and Sustainability…

ENEC Innovation Week activities included an Innovation Majlis, hackathons, and collaboration with academia to foster innovative thinking and the pursuit of excellence Abu Dhabi, UAE - 07 February 2019: The Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, the Nawah Energy Company and Barakah One Company, hosted an Innovation Majlis, a hackathon, and youth events as part of ......read more

ENEC Marks Innovation Week with a Focus on Youth, Artificial Intelligence and Sustainability…

ENEC Innovation Week activities included an Innovation Majlis, hackathons, and collaboration with academia to foster innovative thinking and the pursuit of excellence Abu Dhabi, UAE - 06 February 2019: The Emirates Nuclear Energy Corporation (ENEC) and its subsidiaries, the Nawah Energy Company and Barakah One Company, hosted an Innovation Majlis, a hackathon, and youth events as part of ......read more

TSSC continues to raise the bar on cold chain innovation with latest sustainable solutions…

February 04, 2019: Technical Supplies & Services Company (TSSC), a leading manufacturer of advanced building materials and systems in the Middle East and a member of Harwal Group, announced that its latest innovative technologies for the cold chain industry continue to gain traction, serving the ever-growing demand for energy-efficient solutions in the region in line with the highest ......read more

ENEC's CEO Highlights Strategic Importance of UAE Peaceful Nuclear Energy Program at Abu Dhabi ...…

Eng. Mohamed Al Hammadi addresses UAE high ranking military students at Abu Dhabi University ENEC CEO delivers series of lectures on the role of UAE Peaceful Nuclear Energy Program in advancing the nuclear energy industry locally and internationally     Abu Dhabi, UAE – 2 February 2019: Eng. Mohamed Al Hammadi, Chief Executive Officer of the Emirates Nuclear Energy ......read more

Saudi Plastic and Petrochemical Exhibition 2019 set to launch with government and private sector ...…

Big opportunities to help increase petrochemical output in the Kingdom to USD 453.3 billion by 2030 January 23, 2019 –   Under the patronage of His Royal Highness Prince Mishaal Bin Majid bin Abdulaziz Al Saud, Governor of Jeddah, the Jeddah Centre for Forums and Events is set to host the 16th edition of the Saudi Plastic and Petrochemical Exhibition, organized by Riyadh ......read more

Empower achieves steady growth in 2018 with Net Profit exceeding AED 800 Mn …

Empower also achieved the milestone of Revenues crossing the mark of AED 2.0 bn for the first time Total Cooling Capacity reached to 1.43 million RT in 2018 Customer base expanded to 100,000 and the total number of buildings served by Empower DCS reaches to 1,090. Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, ......read more

ENOC ‘Women in Energy Awards' recognises achievements in the energy sector…

Eight women from diverse backgrounds within the energy sector win inaugural awards   Dubai, UAE; January 22, 2019:  ENOC Group’s inaugural ‘Women in Energy Awards’ honoured eight women in a first-of-its-kind award ceremony held to recognise women’s achievements within Dubai’s energy sector.    The biennial awards which were previously ......read more

Crescent Petroleum signs MoU to sponsor Special Olympics…

Sharjah, UAE January 20, 2019:   Crescent Petroleum, the Middle East's first and largest private exploration and production company, has signed a memorandum of understanding (MoU) with the Local Organizing Committee (LOC) for Special Olympics World Games Abu Dhabi 2019 to sponsor the World Games taking place 14-21 March, underscoring its commitment to empowering people of ......read more

Space, AI, renewable energy to get priority as sectors open for more foreign investment in 2019 - ...…

 Legislation recognising ICOs as securities among legal reforms to act as a beacon for increased foreign investment, says STA senior partner Dubai, UAE, 19 January, 2019:   Space, artificial intelligence and renewable energy are priority sectors in the UAE, and it is expected they will be amongst those to be opened up to higher levels of foreign investment in 2019, according to ......read more

The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resources Visits Barakah ...…

H.E. Eng. Khalid bin Abdulaziz Al-Falih witnessed the significant progress being made at Barakah     16 January 2019:   H.E. Eng. Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources for the Kingdom of Saudi Arabia (KSA) expressed his appreciation for the significant development of the Barakah Nuclear Energy Plant in a recent visit to ......read more

RAK Petroleum plc: Changes in Share Capital…

Dubai, UAE, January 16, 2019:  RAK Petroleum plc, the Oslo-listed oil and gas investment company, announces that, as the result of a request by Afaq Al Roya Trading (LLC) to release the restrictions on its 9,000,000 Restricted Class A Shares, and a request by another shareholder to release the restrictions on his 180,000 Restricted Class A Shares, 9,180,000 Restricted Class A Shares have ......read more

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