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Featured in Energy, Oil & Gas
Mazoon Dairy inaugurates the first biogas plant in the region…

First-of-its-kind facility in the region adopting waste to energy solutions to convert farm waste into gas used to power facilities Dubai, UAE, 12 October 2019:  Mazoon Dairy Company has commenced operations of the first-of-its-kind biogas plant in the region in Al Sunaynah, which uses waste from cows to produce gas that is used as alternative energy to operate some facilities at the factory. The switching on of the plant took place in the presence of His Excellency Dr. Hamad bin Saeed Al-Awfi, Minister of Agriculture and Fisheries in Oman and the Board of Directors.    The biogas plant is part of Mazoon Dairy’s strategy to adopt environmentally friendly solutions and use waste to energy to enhance the efficiency of waste management. This is the first time ever that a dairy company in the region has ......read more

SolarWinds to Showcase Enhanced Orion Platform at GITEX Technology Week 2019…

Award-winning IT management software provider equips technology professionals with tools to help monitor, manage, and secure today’s complex IT environments   Dubai, UAE – October 7, 2019 – SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced its participation at GITEX Technology Week, October 6 – 10, 2019, in Dubai, United Arab Emirates. The company, who holds the May 2019 Gartner® Peer Insights™ Customers’ Choice distinction for Network Performance Monitoring and Diagnostics^ will exhibit the latest updates to its SolarWinds® Orion® Platform.    TrustRadius®, one of the most trusted customer review platform for B2B technology, recently named  SolarWinds Server & Application Monitor (SAM), ......read more

During the “9th Gulf Intelligence Energy Market Forum 2019”…

Zaitoun Green Shipping emphasizes the significance of shipbuilding efficiency The company highlighted its continuous efforts on how to improve the vessels’ efficiency to align with the IMO2020 compliance and beyond Dubai – United Arab Emirates- 2ND October 2019: The Dubai-based Zaitoun Green Shipping L.L.C has participated at the 9th edition of “Gulf Intelligence Energy Market Forum” that was held from the 30th September to the 1st of October 2019. The forum carried out the theme of ‘IMO2020- Megatrends and the Energy Transition’; where key industry players and decision makers shared their insights on the topic during informative sessions and roundtables. The forum was held under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al-Sharqi, Member of the Supreme Council and the Ruler of ......read more

Empower achieves objectives of its Summer Campaign…

Dubai, UAE, 29th September 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that it has achieved the objectives of its annual summer campaign, which began in June 2019 to reduce district cooling energy consumption, under the slogan ‘Switch to 24°C and save more’. This is part of Empower’s efforts to support sustainability and to deliver a world-class service of environmentally friendly district cooling. The campaign relied on innovative methods to reduce temperature inside homes using environmentally-friendly solutions, reducing monthly costs, as well as tips and guidelines that contribute to reducing energy consumption during the summer period. The campaign encourages customers to set the AC thermostat to 24 degrees ......read more

Empower connects its service to Deira Waterfront with 20,000 RT…

Dubai, UAE, 25 September 2019:  Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced the commencement of providing district cooling services to the first phase of Deira Waterfront project. The district cooling project is part of the contract between Empower and Ithra Dubai LLC, a wholly owned subsidiary of the Investment Corporation of Dubai (ICD). Empower specified that its district cooling project for Deira Waterfront will be executed in two phases using innovative technologies in district cooling. The first phase includes providing around 20,000 Refrigeration Tones (RT) to 18 buildings, covering an area of 570,000 square meters and the second phase includes providing 25,000 RT to 28 buildings, covering a total area of around 910,000 square ......read more

Ahmad Bin Shafar highlights the importance of District Cooling at ‘Energy Action Forum' as a solution to increase energy efficiency…

Dubai, UAE, 23 September 2019:   Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, participated in the panel discussion entitled ‘The Current State of SDG 7: Energy Efficiency’, along with Minister of Mines and Energy, Government of Colombia, Minister of the Environment, Government of Italy and Director General, European Partnership for Energy and the Environment, as part of the ‘Energy Action Forum’ “Accelerating Energy Transition 2020 and Beyond”. This took place in the United Nations’ Climate Action Summit 2019, which is being taking place at the UN headquarters.  The forum aims to unite the efforts of global leaders through their governments, along with the private sector and civil ......read more

Middle East Energy Poised to Power Global Sector…

New identity for long-running Middle East Electricity platform is a ‘strategic move for industry that goes well beyond electricity’ – Informa  Middle East Energy 2020 to tap into a digital future as pioneering exhibition and knowledge exchange event stays at the forefront of rapidly evolving power industry Dubai, United Arab Emirates -  September 23, 2019:    After 44 highly-successful editions, Middle East Electricity will evolve into Middle East Energy in 2020 - an energetic transformation which aims to keep the region’s leading power industry event at the forefront of a rapidly-evolving sector.  As demand for digitised and renewable energy solutions increase across the globe, the future-focused Middle East Energy platform will debut at Dubai World Trade Centre (DWTC) from ......read more

WCU: Oil market rattled by Aramco attack…

September 22, 2019 - Dubai, UAE A dramatic week in crude oil saw the Brent futures contract jump the most on record before deflating on continued growth and demand concerns. Gold traded higher but within the tightest range in two months, despite heightened geo-political risks, the second US rate cut in this cycle and a softer dollar. Low level trade talks between US and China received attention, with the market quietly hoping for a breakthrough when senior-level negotiations continue in earnest next month. The year-long trade war was mentioned by the OECD as its main reason for once again lowering the outlook for global growth in 2019 and 2020. It said that global growth momentum had tumbled toward lows last seen during the financial crisis, with protectionist policies taking an increased toll on confidence and investments. ......read more

Galadari Engineering set to triple capacity with new DIP plant…

Dubai, United Arab Emirates -  September 18, 2019:   Galadari Engineering Works (GEW), a subsidiary of the Galadari Industrial Division, is gearing up to boost production and service capacity by setting up a new plant at the Dubai Industrial Park with an investment of around Dh100 million.  The new high-tech plant, which will expand GEW capacity by three times compared to its current facility in Al Quoz Area, has been designed to meet the growing regional and global construction demands.  A groundbreaking ceremony for the new premises spread over  600,000 square feet was held in the presence of Suhail Abdullatif Galadari, Director and Executive Committee Member; Mohammed Abdullatif Galadari, Director and Executive Committee Member; and  Mohamed Yahya Kazi Meeran, Director and Group CEO, all of ......read more

Disruption – a Constant for the Energy Sector in the Coming Decade…

BCG held a C-Suite roundtable at the World Energy Congress 2019 exploring what it will take for energy players to win in the coming decade This includes accelerated corporate action, organizational change, and optimization of social & business value as a result of pressures from digital transformation, energy transition and increased volatility   Abu Dhabi, September 16, 2019 : Boston Consulting Group (BCG) has paved the way forward for increased corporate action from energy sector players in the changing business environment of tomorrow following an exclusive, invitation only roundtable discussion held on the sidelines of World Energy Congress 2019, which took place in Abu Dhabi.   “Aligning strategic imperatives to the disruptive forces in energy will be essential for organizations across the ......read more

Portuguese Secretary of State for Energy Visits Noor Abu Dhabi Solar Plant…

Abu Dhabi, 14 September 2019:  His Excellency Joao Galamba, Portugal’s Secretary of State for Energy, visited Noor Abu Dhabi this week, during a tour hosted by a delegation from the Emirates Water and Electricity Company (EWEC), led by Othman Al Ali, EWEC’s Chief Executive Officer, and other senior management. The Minister received an update on the plant, one of the world’s single largest solar projects, as well as a briefing on the upcoming construction of a 2,000 MW solar photovoltaic (PV) power project to be located in the Al Dhafra region of Abu Dhabi emirate. The Noor Abu Dhabi plant will offset the emirate’s CO2 emissions by 1 million metric tons, equivalent to removing 200,000 cars from the emirate’s roads. With 3.2 million solar panels installed across an 8 square kilometre site, Noor Abu ......read more

Region's Largest Gas & Oil Technology Showcase and Conference Back for 3rd Year…

Innovation and Transformation Key to Growth of Oil and Gas Sector, Says GOTECH 2019 Chairman September 14, 2019 - Dubai, United Arab Emirates More than 100 top drawer companies will be exhibiting their cutting-edge technologies and solutions at GOTECH 2019, the third annual conference of its kind to be held at Dubai World Trade Center from 21 – 23 October 2019.  GOTECH 2019 is held under the patronage of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance of UAE, Chairman of Dragon Oil. Organized by renowned UAE-based oil and gas operator Dragon Oil, GOTECH 2019, the largest gas and oil technology showcase and conference in the region, expects to widen its purview and engage more government organizations, companies and professional societies.  This initiative, which has ......read more

ENEC and TENEX renew MoU…

ENEC and TENEX to continue exploring potential opportunities for collaboration in the field of nuclear fuel cycle   Abu Dhabi, UAE – 12 September 2019: The Emirates Nuclear Energy Corporation (ENEC) has renewed its Memorandum of Understanding (MoU) on exploring potential opportunities for collaboration in the field of nuclear fuel cycle management, with the TENEX, Joint-Stock Company, part of the Russian ROSATOM State Corporation Company, a global supplier of uranium products with more than six decades of experience in innovative nuclear fuel cycle solutions.   The new MoU was signed during the 24th World Energy Congress at ADNEC in Abu Dhabi, by His Excellency Engineer Mohamed Al Hammadi, Chief Executive Officer of ENEC, and Polgorodnik Sergey, Director General of TENEX, in a ceremony attended by senior ......read more

Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energy Trilemma Index…

Abu Dhabi…September 11, 2019:  Today the World Energy Council, in partnership with Oliver Wyman, unveiled the latest progress for almost 130 countries on developing policies for Energy Security, Equity and Environmental Sustainability.     The 2019 World Energy Trilemma Index, created by the World Energy Council, in partnership with global consultancy Oliver Wyman, a business of Marsh & McLennan Companies, provides an objective rating of national energy policy and performance across three dimensions: Energy Security, Energy Equity and the Environmental Sustainability of Energy Systems.     Launched today during the 24th World Energy Congress in Abu Dhabi, UAE, the World Energy Trilemma Report and Index provide a ranking of countries’ energy performance using global and ......read more

Masdar and the Land Art Generator Initiative Announce Winning Designs for Energy Generating Public Artwork at the 24th World Energy Congress…

Dubai, United Arab Emirates -  September 10, 2019:  The Land Art Generator Initiative (LAGI) and Abu Dhabi Future Energy Company (Masdar) have today announced at the 24th World Energy Congress in Abu Dhabi the winners of this year’s LAGI international design competition. Sponsored by Masdar, LAGI 2019 Abu Dhabi challenged design teams to create large-scale works of public art that also produce clean kilowatt-hours for the Masdar City grid using technologies such as solar and wind. “Masdar is proud to sponsor this special edition of the LAGI competition, in the same year that Abu Dhabi has the privilege of hosting the 24thWorld Energy Congress. It is fitting that the capital’s flagship sustainable city is supporting the competition, which complements the holistic approach that Masdar City takes towards ......read more

Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certification…

Tabreed first district cooling company in the region to receive ISO 50001:2018 certification   September 10, 2019:   National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based district cooling developer, has received the International Organization for Standardization (ISO) 50001:2018 certification for the successful implementation of its Energy Management System. Tabreed is the first district cooling company in the region to have been certified under the revised version (2018) of the ISO 50001 standard.   Tabreed’s Energy Management System, developed in accordance with its operational excellence and due focus on  energy efficiency requirements across all its 75 plants in the region, has enabled the company to receive the ISO 50001 certification. This ISO standard is based upon ......read more

UAE Welcomes Energy Industry's Thought Leaders at World's Most Influential Energy Event…

• UAE Minister of Energy hails “historic” 24th World Energy Congress  • Over 15,000 attendees, 4,000 delegates, 72 ministers, 1000 media professionals, and 300 exhibitors heading for Abu Dhabi National Exhibition Centre this week   Abu Dhabi, Sunday 8 September 2019:  Global energy thought leaders are expected in the UAE this week as Abu Dhabi hosts the 24thWorld Energy Congress on 9-12 September, 2019, under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE. The World Energy Congress is the World Energy Council’s global flagship event offering a unique platform for global energy leaders to explore new energy futures, critical innovation areas, and new strategies.   Following a successful international bid that was won by the UAE ......read more

Emirates Water and Electricity Company (EWEC) Announced as a Host Sponsor of World Energy Congress…

Abu Dhabi, Saturday 7 September 2019:  The 24th World Energy Congress has today announced Emirates Water and Electricity Company (EWEC) as a Host Sponsor and key exhibitor, at the upcoming Congress.  The inclusion of EWEC in the 24th World Energy Congress, taking place from September 9 to 12 at Abu Dhabi National Exhibition Centre (ADNEC), means most of the UAE’s major energy companies will feature prominently at the four-day event. Officially formed in 2018, EWEC succeeds the former Abu Dhabi Water and Electricity Company. It operates within the portfolio of the Abu Dhabi Power Corporation and plays vital planning and commercial roles to ensure electricity and water is supplied in the emirate of Abu Dhabi as well as parts of the Northern Emirates. As host sponsor, EWEC will showcase its contribution to energy ......read more

ENEC to showcase economic, social and environmental benefits of nuclear energy at World Energy Congress in Abu Dhabi…

ENEC is an official host sponsor of 24th World Energy Congress and official Youth sponsor     Abu Dhabi, UAE – 07 September 2019:  The Emirates Nuclear Energy Corporation (ENEC) will showcase the positive impact that nuclear energy has economically, socially and environmentally at the 24th edition of the World Energy Congress. The event is being held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of The United Arab Emirates (UAE) and will be held in Abu Dhabi from 9-12 September 2019 at Abu Dhabi National Exhibition Centre (ADNEC).  ENEC is an official host sponsor of the Congress as well as the official Youth Sponsor.    ENEC will highlight the transformational potential of peaceful nuclear energy in diversifying global energy sources, supporting ......read more

24th World Energy Congress Poised to Attract Largest Attendance as Countdown Begins…

Abu Dhabi, Wednesday 28 August 2019:  With less than two weeks to go until the 24th World Energy Congress, the UAE Organizing Committee has today given an update on the number of delegates, ministers and exhibitors that will be attending the global event in Abu Dhabi. Taking place from September 9 to 12 at Abu Dhabi National Exhibition Centre (ADNEC), the prestigious event will see the presence of more than 15,000 attendees from the UAE and abroad including 4,000 delegates and 66 ministers. The exhibition, taking place across a space of 35,000 square metres, will feature over 200 exhibitors, representing more than 150 countries altogether.  This year’s World Energy Congress, which will take place for the first time in the Middle East, will see more than 300 speakers among the thousands of global attendees during the ......read more

Unit 3 Transformers Energized at Barakah Nuclear Energy Plant…

Main Power Transformer and Gas Insulated Bus (GIB) safely and successfully energized at Unit 3 allowing the beginning of preparations for Hot Functional Test   Abu Dhabi, UAE – 20 August 2019:  The Emirates Nuclear Energy Corporation (ENEC) has achieved another milestone in the construction of Unit 3 of the Barakah Nuclear Energy Plant, being built at the Al Dhafra region of Abu Dhabi, United Arab Emirates. ENEC has safely and successfully energized Unit 3’s Main Power Transformer and Gas Insulated Bus (GIB), an important step in the continued testing and commissioning of the plant.   In addition to the Main Transformer and GIB, Unit 3’s Auxiliary Power Transformers and Excitation Transformer were energized safely and successfully in normal operating configuration. This work was performed with ......read more

Empower's summer awareness campaigns, to create a safe environment for future generations…

Bin Shafar: “Customers can save in their district cooling service bill and tackle climate change through simple steps” Dubai, UAE, 18th August 2019:  As part of its continuous and solid approach and efforts to improve the performance of district cooling systems and make them more integrated, energy efficient and supporting for the rapid transition to a “green economy”, the summer awareness campaigns launched by the Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling services provider, guides it’s customers to save in the district cooling bills by reducing energy consumption.  Empower explains to customers to close the blinds and glass windows prior to leaving their houses, which is the first center of defense from the heat of the sun during the ......read more

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

Other Top Stories from Energy, Oil & Gas
 
Danfoss enters wastewater market with a series of high energy efficiency pumps…

Danfoss launches a new series of APP W HC pumps specially designed and built for Zero Liquid Discharge and Minimal Liquid Discharge (ZLD/MLD) industrial wastewater treatment, that can deliver total efficiency rates of 90% at pressures up to 120 bar.      UAE, Dubai, 20 November 2018:   In response to the growing demand for energy efficient ZLD/MLD solutions in ......read more

Schneider Electric Announces APC NetShelter Racks and Micro Data Centers Achieve Cisco Certification…

Extends Cisco UCS Pre-rack and Ship Certification to the entire NetShelter SX product line with Shock Packaging including 13 preconfigured SKUs and Micro Data Center Xpress SX 24U and 42U Provides more options for greater flexibility and faster deployment at the edge Offers IT channel partners and customers assurance of pre-tested, proven system compatibility DUBAI, United Arab ......read more

ADNOC to Announce Additional Partnerships as Group CEO Builds on ADIPEC Momentum…

Announcements to address new partnerships for sour gas concession and oil and gas blocks Record-breaking ADIPEC draws more than 145K oil and gas industry professionals; attendance increases 30 percent, with international visitors up 50 percent Series of new partnerships and investments at ADIPEC to meet rising demand triggered by 4th Industrial Revolution in line with ADNOC’s ......read more

UAE-Republic of Korea meeting of the Supreme Joint Committee on cooperation in the peaceful uses of ...…

Abu Dhabi, UAE – 17 November 2018:  On Friday November 16, 2018, His Excellency (HE) Eng. Suhail Mohamed Faraj Al Mazrouei, United Arab Emirates (UAE) Minister of Energy and Industry, chaired the UAE-Republic of Korea meeting of the Supreme Joint Committee on cooperation in the peaceful uses of nuclear energy that took place in the South Korean capital of Seoul.  On behalf ......read more

ADNOC to Invest AED 5.1 Billion to Upgrade and Expand its Giant Bu Hasa Field as it Ramps up ...…

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 ......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 ......read more

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

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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......read more

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

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 ......read more

Global Oil, Gas and Petrochemical Leaders Discuss Evolving Energy Landscape and Opportunities ...…

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 ......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 ......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 ......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 ......read more

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 ......read more

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

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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......read more

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

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