You could be the next big winner at the Middle East Energy Awards
The Middle East Energy Awards will return on 24 November in the UAE, and nominations are now officially open. The awards brings together industry leaders from across the energy sector to recognise excellence in the past year. Covering the upstream, downstream and utilities sector, including renewables, the awards include a wide range of categories to […]
The scope of the cooperation covers potential joint opportunities in the Middle East, North Africa, South East Asia, Europe and other regions
Mubadala Petroleum and Eni signed a Memorandum of Understanding (MoU) aimed at identifying cooperation opportunities in the energy transition sector, including the fields of hydrogen and carbon capture, utilization and storage, that align with their respective decarbonization targets. The scope of the cooperation covers potential joint opportunities in the Middle East, North Africa, South East […]
The company's cloud-based employee development solution intends to upskill industrial workers with blended learning modules
Industrial company AVEVA has launched AVEVA™ Unified Learning, a cloud-based employee development solution allowing companies to upskill and train industrial workers using blended custom and generic experiential training modules. This is an addition to its portfolio available on AVEVA Connect, a common cloud platform. Some training modules include Process Competency Training, Pipeline Competency Training, and The […]
Oil prices fell today as the two main grades, Brent an WTI, are being affected in different ways by demand trends and trade data
Brent futures started trading a tad higher this morning as a result of traders seeing a moderate buying opportunity after prices dropped yesterday following the Saudi selling price cuts. Brent also got boosted by some positive news flow on Covid developments and stronger-than-expected Chinese trade data, both of which are interpreted as bullish for economic […]
Oil prices followed the Saudi pricing hint today and dipped as the oil giant Saudi Aramco cut selling prices to Asia for October
It’s no surprise that oil prices took a hit today as the market got a clear price direction from one of the industry’s pricing leaders, Saudi Aramco. When the Saudi giant cuts its selling prices to Asia for October, signaling it sees the supply-demand relationship slightly shifting, traders can’t but follow down that path today. […]
The company will list 7.5% of ADNOC Drilling's issued share capital
ADNOC Drilling is planning an initial public offering (IPO) and to list its shares for trading on the ADX. 7.5% of ADNOC Drilling’s issued share capital will be included in the offering to individuals and other investors in the UAE and to ADNOC Group Companies employees and ADNOC Group UAE National Retirees as part of […]
ASRY has a number of environmental projects underway, including a yard-wide solar panel project under development
ASRY, the Arabian Gulf’s leading maritime repair and fabrication facility, is already seeing benefits from an Energy Efficiency initiative, as a newly deployed Power Capacitor bank has reduced the yard’s consumption without affecting productivity, and created over $50k savings in first six months. “ASRY is committed to energy efficiency on two fronts,” confirmed ASRY Managing […]
Saudi Arabia’s Public Investment Fund (PIF) and Tadawul Group plan to establish the Riyadh Voluntary Exchange Platform for offsets and carbon credits in the Middle East and North Africa. “This initiative will come to be the primary destination and main platform for companies and institutes that target reducing their emissions, or contributing towards that, through […]
The Saudi Aramco Power Company (SAPCO) joins the consortium led by ACWA Power and the Water & Electricity Holding Company (Badeel), a company owned by PIF
ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants, has announced today the financial close for the 1500 MW Sudair Solar plant, a key project under the Public Investment Fund (PIF) renewable energy program. The launch of the Sudair Solar project was announced at the inauguration of Sakaka PV project […]
A series of initiatives to attract FDI to key industry sectors in the UAE, increase UAE exports and direct investment outflows to select countries
UAE ministers have announced the first set of bold strategic projects aimed at fostering the UAE’s new phase of growth – both domestically and internationally – and embarking on an ambitious growth strategy as the nation celebrates its golden jubilee and embarks on the 50 years to come. The “Projects of the 50” is a […]
