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Featured in Energy, Oil & Gas
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

Nawah Energy Company signs Maintenance Service Agreement with Doosan Heavy Industries & Construction…

Doosan Heavy Industries to provide maintenance services for the Barakah Nuclear Energy Plant 24 June 2019 – Abu Dhabi, UAE: 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 signed a Maintenance Service Agreement (MSA) with Doosan Heavy Industries & Construction (DHIC), a subsidiary of the Doosan Group, for the Barakah Nuclear Energy Plant. Under the agreement, DHIC will provide Nawah with a range of maintenance services and qualified manpower to support routine and outage maintenance activities across the four 1400 MW APR1400 Units at the Barakah Nuclear Energy Plant, located in the Al Dhafra region of Abu Dhabi Emirate. Working in ......read more

Castrol's latest initiative is designed to ensure that everything keeps running smoothly…

June 24, 2019 - Dubai, UAE Just like other critical spare parts, your vehicle depends on top quality engine oil to keep it running smoothly and ensure that its engine is properly protected. That’s why Castrol, the world leading manufacturer, distributor and marketer of premium lubricating oils, greases and related services to automotive, industrial, marine, aviation, oil exploration and production customers, has launched a new initiative to support workshops around the UAE. A newly introduced fleet of dedicated delivery vehicles serving the whole of the UAE has been put in place so that essential supplies of Castrol’s segment leading brands - Edge, Magnatec and GTX - recommended by leading automotive manufacturers including Audi, BMW, Ford, MAN, Honda, Jaguar Land Rover, Volvo, Seat, Skoda, Tata and Volkswagen - are ......read more

Schneider Electric Improves Flexibility & Energy Savings with Extended Line of PowerLogic EM4200 Series Enercept Energy and Power Meters…

• Offer maximum versatility, flexibility and ease of installation for most retrofit applications • Easily integrate with EcoStruxure Power and Energy Management solutions and building management system software to help building managers improve energy efficiency and savings   Dubai, United Arab Emirates - 17 June 2019:   Schneider Electric, the leader in digital transformation of energy management and automation, today announced it is extending its line of PowerLogic EM4200 series Enercept energy and power meters to include five new meters, which join the previously announced line of Enercept Flex meters, to provide installers with enhanced application flexibility and options for retrofit applications.   The EM4200 series Enercept meters are ideal for energy management, tenant sub-billing ......read more

Refinitiv Oil Research: Tanker Attacks off Gulf of Oman on 13 June 2019…

Dubai, United Arab Emirates - 13 June 2019:  Refinitiv Oil Research received reports of a suspected attack on two oil tankers in the Gulf of Oman, about 56 NM East of Fujairah. This was later confirmed through various sources including the managers of the vessels in question. The two tankers are identified as the “FRONT ALTAIR” managed by Frontline and the “KOKUKA COURAGEOUS” managed by Bernhard Schulte Shipmanagement.  Timeline of Events as it occurred based on Vessel Tracking Data:  The vessel Front Altair loaded 75,000 MT of Naphtha from the Takreer Refinery Terminal in Ruwais, UAE and departed the port 19:30 GMT on 11th June. After crossing the Strait of Hormuz at around 21:00 GMT on 12th June, Refinitiv Oil Research data shows the vessel to have taken a sharp deviation from its ......read more

Schneider Electric and Navigant Research Create Blueprint to Resilience through Municipal Microgrids in California…

 Schneider Electric and Navigant Research release new analysis on how California can upgrade critical energy infrastructure through Energy-as-a-Service (EaaS) solutions  Dubai, United Arab Emirates - 13 June 2019:   Schneider Electric, the leader in the digital transformation of energy management and automation, today released new analysis on the role of microgrids to support the modernization of California’s grid infrastructure. The white paper, created in partnership with leading market research and advisory firm Navigant Research, explores innovative use-cases for Energy-as-a-Service (EaaS) municipal microgrids and is part of Schneider Electric’s larger commitment to driving resilience and more sustainable, affordable power in the state.  California faces a number of key challenges, such as ......read more

Industry 4.0 is Shaping the Future of Sustainable Business Operations…

June 13, 2019 - Dubai, UAE Industry 4.0 is the intelligence behind the maximum efficiency of tomorrow’s world. But how does collecting data today help businesses stay sustainable while predicting what will happen tomorrow?  The Middle East and Africa market for augmented and virtual reality is expected to grow to $6 billion by 2020, according to the International Data Corporation. As the digital trend continues to innovate, it will transform the future of sustainable business.  Industry 4.0 has revolutionised the way a modern warehouse or distribution centre operates too, and it is only a matter of time before other sectors start to recognise the advantages. Alain Kaddoum, General Manager at Swisslog Middle East reveals more insights on this topic. Energy efficient automation solutions While Industry 4.0 ......read more

Empower takes part in the Annual Partners' Forum for ‘District Energy in Cities' at Copenhagen…

Ahmad Bin Shafar: The meeting acts as a platform that highlights Dubai’s success in district cooling Dubai, UAE, 13th June 2019: Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, is taking part in the 5th Annual Partners’ Forum, organized by the United Nations Environment Programme (UN Environment) for its ‘District Energy in Cities’ initiative. The meeting is being held from 11-14 June 2019 at Copenhagen, Denmark. Ahmad Bin Shafar, CEO of Empower and Special Advisor on district cooling, will be attending the Forum in addition to a number of experts on district cooling from around the world. Bin Shafar will take part in various panel discussions about the district cooling industry and its latest technologies, as part of the ‘District ......read more

Electricity Most Searched Fuel Energy Term Online in UAE…

Solar in top 5, while methanol fastest-growing fuel energy term in UAE in online search   Dubai, United Arab Emirates - 12 June 2019:   UAE residents are showing increasing interest in methanol and biodiesel as energy resources, with significant online search growth during the past three years, according to a recent report from SEMrush – the award-winning online digital marketing suite.   The SEMrush study, which pooled monthly search volumes of 11 types of fuel energy terms during the past three years, revealed electricity-related online searches were the most popular with UAE residents. Diesel and petrol, natural gas and solar completed the top five related searches.   The fastest-growing fuel energy terms of methanol and biodiesel align with growing regional investment and demand, with ......read more

Italian energy sector to bring expertise to 24th World Energy Congress in Abu Dhabi…

Abu Dhabi, United Arab Emirates -  11 June 2019:   The Italian energy sector looks set to play a key part in European participation at the 24th World Energy Congress, taking place in Abu Dhabi from 9-12 September, following today’s visit to the country by the leadership of the Congress Organising Committee.  Earlier today, H.E. Dr. Matar Al Neyadi, Chairman of the 24th World Energy Congress Organising Committee, met senior Italian energy stakeholders in Rome to brief them on progress so far towards September’s Congress, including the Congress programme, side events and many other initiatives taking place across the four days.  The meeting included discussions and perspectives towards energy transition in Europe and the Gulf Region. The meeting was organised by the Italian National ......read more

Lukoil Marine Lubricants strengthens its collaboration with KOTC…

After three successful years, Lukoil Marine Lubricants will once again supply Kuwait Oil Tanker Company’s full fleet of various tanker vessels  Dubai, United Arab Emirates - 11 June 2019:   Dubai-based subsidiary of LUKOIL, Lukoil Marine Lubricants (Lukoil), has reached a renewal agreement with the subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait Oil Tanker Company (KOTC). For the past three years, Lukoil has supplied KOTC’s full fleet of tanker vessels with their specialized product of marine lubricants. The new deal between the two companies will help to build upon the existing foundation of an already solid business working relationship. As per the contract terms, Lukoil will supply KOTC’s 24-strong fleet consisting of Very Large Crude Carriers (VLCC’s), Product Carriers, Liquefied ......read more

Empower launches summer campaign to reduce district cooling consumption for the 6th year running…

Dubai, UAE, 09 June 2019:  Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced the launch of its summer campaign, under the slogan ‘Switch to 24°C and save more’. The campaign runs from June till end of summer. This is part of Empower’s efforts to support sustainability and deliver environmentally friendly district cooling services.  The campaign helps customers to reduce their district cooling energy consumption during summer period by encouraging them to set the AC thermostat to 24°C, to reduce cost, promote environmental conservation, save energy, and protect resources, to achieve the transition to a green community. Empower highlighted that setting the AC thermostat to 24°C is the optimum temperature for ideal ......read more

UPS Makes Largest Purchase of Renewable Natural Gas Ever in the U.S.…

• Seven-Year 170 Million Gallon Equivalents Purchase from Clean Energy Fuels Corp.  • Will Reduce GHG Emissions by More than 1 Million Metric Tons   Dubai, United Arab Emirates - May 29, 2019:   today announced an agreement with Clean Energy Fuels Corp. (NASDAQ: CLNE) to purchase 170 million gallon equivalents of renewable natural gas (RNG) through 2026. This is the largest commitment for use of RNG to date by any company in the United States, with a range of 22.5 - 25 million gallon equivalents per year. RNG is a key part of UPS’s strategy to increase alternative fuel consumption to be 40% of total ground fuel purchases by 2025, supporting the logistics leader’s efforts to reduce the absolute greenhouse gas (GHG) emissions of its ground fleet 12% by 2025.        ......read more

ENOC announces ambitious plans to strengthen its retail and service station network by 2020…

Dubai, United Arab Emirates, 27 May 2019:   ENOC Group has announced ambitious plans to strengthen its retail and service station network by 2020 to meet the requirements of Expo 2020 Dubai.  ENOC Group will further expand its retail network to 191 from its current 129 service stations across the UAE in the lead up to Expo 2020 Dubai as its Official Integrated Energy Partner. Alongside, the Group will also expand its local presence across the Northern Emirates through reopening service stations in Sharjah; Ras Al Khaimah and Fujairah.  In 2019, ENOC plans to open 15 service stations across the UAE, with five service stations and three compact stations in Dubai. The Group will also move forward with its plans for Sharjah by opening five service stations in its reclaimed locations; one new service station in ......read more

Other Top Stories from Energy, Oil & Gas
 
Masdar announces WiSER Pioneers Programme at Mohamed Bin Zayed Majlis for Future Generations…

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

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

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

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

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

ENEC Continues to Inspire New Generations of Future Energy Pioneers…

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Čibuk 1 wind farm in Serbia reaches key construction milestone…

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

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

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

FANR and Khalifa University Sign Collaborative Research Agreement…

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

Quote of Dr. Layla Mohamed Al Marzouqi…

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

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

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

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

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

Barakah Unit 2 Successfully Completes Significant Pre-Operational Testing…

Unit 2 Hot Functional Test (HFT) completed successfully as part of testing and commissioning in preparation for operation Nawah operators benefit from unique plant operating experience Abu Dhabi, UAE – 6 August 2018:   The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This ......read more

Tabreed's H1 2018 Net Profit Increases 10% To AED 211.9 Million…

2 August, 2018 – Abu Dhabi, United Arab Emirates:   National Central Cooling Company PJSC (DFM: Tabreed), the leading regional district cooling utility company, today released its consolidated financial results for the first half of 2018. The company continues to meet the region’s growing demand for district cooling and deliver solid performance and ......read more

Nawah Energy Company Celebrates the Graduation of 195 ‘Energy Pioneers'…

Abu Dhabi, UAE – 25 July 2018:   Nawah Energy Company (Nawah), the nuclear operating joint venture company established by the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), celebrated the graduation of 195 students who are specializing in nuclear energy as part of the ‘Energy Pioneers’ scholarship program. The graduates ......read more

The Sustainable City further reduces its carbon footprint by adopting B100 Bio-Diesel…

The renewable fuel alternative is manufactured from the used cooking oil produced by restaurants at The Sustainable City Dubai, United Arab Emirates, 18 July 2018:   The Sustainable City, the Middle East’s first fully operational sustainable community, has adopted B100 biodiesel to fuel the construction of the new buildings in phase 2 including Fairgreen International School, ......read more

DP World and EGA Sign Important Agreement to Support Aluminium Exports…

New 175,000-square metre facility in Jebel Ali Free Zone to connect to global markets Dubai, United Arab Emirates, 16 July 2018:-   DP World, UAE Region, the Middle East’s leading regional trade enabler, today signed an important Strategic Long Term Service Agreement  with Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside ......read more

Significant Milestones Achieved in Construction of Unit 3 at Barakah Nuclear Energy Plant…

All major concrete work successfully completed at Unit 3 of the Barakah Nuclear Energy Plant Major construction work completed on Unit 3 Turbine Generator and Reactor Vessel (RV) Internals Abu Dhabi, UAE – 10 July 2018:   The Emirates Nuclear Energy Corporation (ENEC) has achieved a series of significant milestones in the construction of Unit 3 of the Barakah Nuclear ......read more

3rd UAE France Oil and Gas Connecting Days…

Abu Dhabi, June 25-26, 2018 Dubai, United Arab Emirates; July 3, 2018:  Business France jointly with EVOLEN, and the French Business Group hosted the third UAE France Oil and Gas Connecting Days from June 25th to 26th in Abu Dhabi and Ruwais. The two days forum included ADNOC and its subsidiaries, as well as several ADNOC partners including Mudabala Petroleum.  This event was ......read more

Submissions Open for Oil and Gas Industry's Prestigious ADIPEC Awards 2018 Edition…

ADIPEC Awards Celebrate Excellence in the Petroleum Industry Categories Highlight Outstanding Achievements Shaping the Future in an Evolving Landscape for Hydrocarbons Abu Dhabi, UAE – 3 July 2018 –   Entries for the oil and gas industry’s prestigious ADIPEC 2018 Awards are now open, with six categories focused on issues crucial to the progress and resilience ......read more

FANR Hosts IAEA Nuclear Infrastructure Review Mission…

1 July 2018, Abu Dhabi, United Arab Emirates:   The United Arab Emirates hosted the International Atomic Energy Agency (IAEA) Phase 3 Integrated Nuclear Infrastructure Review (INIR) mission from 24 to 1 July. The aim of the mission was to assist the UAE by providing a review of the nation’s overall nuclear energy infrastructure. The UAE is the first country to implement and ......read more

RAK Petroleum plc Report on payments to governments for the year 2017…

Dubai, UAE, June 28, 2018:  Introduction and basis for preparation    This report sets out details of the payments made to governments by RAK Petroleum plc and its subsidiary undertakings (‘RAK Petroleum’) for  the year ended 31 December 2017 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority (the ......read more

Siemens to supply three large gas turbines to Dubai…

Dubai, UAE, June 27, 2018:  Siemens has received an order for three SGT5-4000F gas turbines from United Arab Emirates (UAE). The turbines will be used in Unit H Phase 4 of the Al Aweer power plant complex which is located approximately 35 kilometers from downtown Dubai. DEWA has awarded the project EPC contract to Siemens in a consortium led by the Egypt-based company El Sewedy Electric Co ......read more

Oil rallies on Opec compromise; Metals challenged by dollar and trade war…

Dubai, UAE, June 24, 2018:  The Bloomberg Commodity Index has seen its year-to-date gains disappear following four weeks of heavy selling. The broad-based index, which tracks 22 major commodities evenly split between energy, metals and agriculture, has been hurt by a stronger dollar and trade war angst as well as expectations that Opec+ will increase production in order to cap crude ......read more

Mubadala Petroleum completes the acquisition of a 10 percent interest in the Shorouk Concession in ...…

Abu Dhabi, 20 June 2018:   Mubadala Petroleum announces that it has completed the acquisition from Italy’s Eni of a 10 percent participating interest in the offshore Shorouk Concession in Egypt, which contains the supergiant Zohr gas field. Following the completion, Eni, through its subsidiary IEOC, holds a 50 percent interest in the concession. The other partners in the ......read more

Etihad ESCO signs service agreement with Jamal Al Ghurair Group for its first retrofit project in ...…

June 20, 2018 - Etihad ESCO, the leading energy service company, announced the signing of an agreement with Jamal Al Ghurair Group to retrofit two of their industrial facilities in Abu Dhabi- Gypsemna and Porcellan. Etihad ESCO and Jamal Al Ghurair Group formed the partnership after identifying the enormous energy savings potential of the project. Being the first retrofit program to be undertaken ......read more

National Poll Shows Strong Support for UAE Peaceful Nuclear Energy Program…

The poll on nuclear energy conducted by independent global market research company Nielsen shows that 82 percent of UAE residents are in favor of using nuclear energy for generating electricity - the highest level of support globally Al Dhafra residents show highest acceptance levels in the UAE for the construction of the Barakah plant Abu Dhabi, UAE – 20 June 2018:   An ......read more

EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA…

Abu Dhabi, UAE: 17 June 2018:  Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy transformation and reflects the new economics of ......read more

Tristar Group's Jebel Ali warehouses receive DMCC's 5-star rating for second and third consecutive ...…

Dubai, UAE; June 13, 2018:   Tristar Group’s two warehouses located in the Jebel Ali Industrial Area 1 and 2 were awarded 5-star rating by Dubai Multi Commodities Centre (DMCC) for the second and third consecutive years, respectively.   Shivananda Baikady, General Manager-Road Transport and Warehousing, Tristar, said: “Our specialized warehousing facilities are ......read more

GCC must make the right decisions to harness the potential of renewable energy…

Renewable energy continues to attract an increasing share of global investment, with annual investments expected to grow by $130 billion, compared to 2016 figures, reaching around $370 billion in 2020.  Developing countries now account for almost half of all renewables investment, although to date there has been modest investment in the GCC Investment in GCC renewable energy could ......read more

Crude spreads widen; gold still looking for a catalyst…

By Ole S Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, June 3, 2018:  Commodities traded lower this past week with losses being led by the energy sector while both the metals and agriculture sectors were mixed. Impacting commodities both directly and indirectly were the unfolding political crises in both Spain and Italy, together with Donald Trump’s decision to slap ......read more

Nawah Energy Company Enters Next Phase of Preparations for Barakah Unit 1 Nuclear Operations…

All efforts focused on preparations for safety-led nuclear operations of the UAE’s first nuclear reactor in accordance with the highest standards of a  nuclear safety culture and quality assurance Comprehensive schedule review points to start-up of nuclear operations for Unit 1 between the end of 2019 and early 2020  Abu Dhabi, UAE – 26 May 2018:   Nawah ......read more

RDIF, Mubadala Petroleum and Gazprom Neft announce a joint venture to develop Siberian oil fields…

Dubai, UAE, May 24, 2018:  The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Mubadala Petroleum, the UAE-based leading oil and gas exploration and production company, announce the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. RDIF and Mubadala Petroleum will acquire a 49 percent equity stake in ......read more

Strong Global Interest in Tendering Process for Oil and Gas Concessions in Ras Al Khaimah, Reveals ...…

The recently launched licensing round has proven a draw with companies from all over the world thanks to the unique, overall proposition on offer Ras Al Khaimah, United Arab Emirates, 23, May 2018:  With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a ......read more

Regulatory Reform Key to Meeting Renewable Energy Targets in Panama…

70% renewables by 2050 target is achievable if regulations adequately reflect contribution of solar and wind power says IRENA  Dubai, UAE, May 23, 2018:  Upgrades to Panama’s regulatory environment and power system management are critical to achieving the renewable energy goals set out in the country’s National Energy Plan, per a Renewables Readiness Assessment ......read more

Big Oil Production Is Still Growing Despite Capex Cuts…

May 16, 2018, United Arab Emirates:  Since mid-2014, the harsh cyclical downturn in oil prices has tested, and proved, the resilience of international oil majors' integrated business models. S&P Global Ratings recognizes the majors' downstream refining and petrochemical assets provided them with a cushion as cash flows from the upstream businesses, ......read more

Over 200 Senior Energy, Petrochemical and Private Sector Leaders and CEOs Tour Ruwais As Part of ...…

Visit included a tour of Ruwais Industrial Complex and Ruwais City Investment and expansion of Ruwais to form centrepiece of ADNOC’s Downstream Strategy  Abu Dhabi, United Arab Emirates, May 15, 2018:  As part of the launch of the Abu Dhabi National Oil Company’s (ADNOC) new Downstream strategy at the ADNOC Downstream Investment Forum in Abu Dhabi this week, ......read more

JAFZA'S PETROCHEMICAL COMPANIES GENERATE AED 16 BILLION…

DP World, UAE Region highlights sector-wide collaboration at GPCA Supply Chain Conference Dubai, United Arab Emirates, 12 May 2018:  Petrochemical companies operating in Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub, generated trade worth AED 16 billion in 2017. Jafza is home to 526 companies in the sector from 67 countries and will be exhibiting ......read more

Khalifa Fund joins ADNOC's In-Country Value Program…

The Khalifa Fund for Enterprise Development (KFED) has joined a workshop on the implementation of Abu Dhabi National Oil Company’s (ADNOC) new In-Country Value (ICV) strategy that was launched to help stimulate socio-economic value, promote locally-made content and products, and nurture government and private partnerships in the UAE. The participation was in keeping with Fund’s vision ......read more

nVent Announces Completion of Separation from Pentair…

Independent, $2.1 billion company focuses on electrical connection and protection  DUBAI, UAE – May 3, 2018 –   nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced the completion of its separation from Pentair plc (“Pentair”) and its launch as an independent, publicly ......read more

Progress on Global Energy Goals Slow, but Strong Gains in Countries Show Promise…

Dubai, United Arab emirates, May 2, 2018:  The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, but real progress is being made in certain areas – particularly expansion of access to electricity in least developed countries, and industrial energy efficiency, according to a new report from five international ......read more

Etihad ESCO throws spotlight on retrofit program achievements at MEFMA CONFEX 2018…

May 1, 2018- Ali Al Jassim, CEO of Etihad Energy Service Company (Etihad ESCO), threw the spotlight on the energy and cost savings achieved through successful implementation of retrofit programs by Etihad ESCO in the emirate, during his participation as a keynote speaker at the 8th MEFMA CONFEX, which was recently held in Dubai. The two-day event, organized under the theme ‘Sustainable FM ......read more

FMS Tech has been approved as an official in-vehicle monitoring system (IVMS) supplier in Oman…

FMS Tech is now one of seven exclusive suppliers approved in OPAL’s first round of approvals 29 April 2018, Dubai, United Arab Emirates:  Oman Society for Petroleum Services (OPAL) recently announced Fleet Management Systems & Technologies (FMS Tech) as one of its seven approved in-vehicle monitoring systems (IVMS) suppliers for Oil and Gas Transportation Safety Technology in ......read more

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