UAE has pledged its support, along with partners from the US, Japan, and South Korea, to invest up to $275 million in nuclear energy project in Romania. The UAE’s contribution, facilitated by the Emirates Nuclear Energy Corporation (ENEC), will be directed towards the deployment of a NuScale Small Modular Reactor (SMR) in Romania. Leveraging its […]
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UAE consortium to build multi-billion dollar desalination project
Together with ADNOC and TAQA, the Orascom Construction-led consortium will develop, own, and operate the plant
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Aramco awards EPC contract for world’s largest offshore field
Aramco has awarded an engineering, procurement, construction and installation (EPCI) contract for its $1 billion Safaniya offshore increment project to China Offshore Oil Engineering Co (COOEC), according to data from DMS Projects. The EPCI works on the Safaniya offshore increment project, which was divided into 10 tenders, includes 13 offshore jackets that will be built in […]
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The only chemistry that matters for a sustainable future
If you are reading this article on your mobile phone, there is a good chance its casing is made from a material manufactured by SABIC, as is your computer screen. Perhaps your hand is resting on a mouse, which historically was made from virgin plastic, but thanks to us, is now manufactured from ocean-bound plastic. […]
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‘Worst yet to come’ for Europe’s energy crisis, Qatari minister warns
Qatar’s energy minister warned on Tuesday the “worst is yet to come” for Europe’s oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months, according to an AFP report. Saad al-Kaabi and his Saudi counterpart Prince Abdulaziz bin Salman said a lack of investment in oil and gas, as the […]
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ADNOC L&S draws record-breaking IPO subscription of $125 billion
ADNOC Logistics and Shipping Services’ initial public offering (IPO) of received unprecedented attraction from investors across the world, making it the most sought-after issue of the year. Total demand for the IPO has surpassed $125 billion or AED 460 billion, resulting in an oversubscription level of 163 times, which is the highest ever recorded for […]
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Why are lawmakers calling to remove Al Jaber as head of COP28?
Over 130 American and European lawmakers are urging the removal of ADNOC CEO Sultan Al Jaber as the president of the upcoming COP28 climate talks. In a joint letter addressed to the United Nations, European Commission President, and US President Joe Biden, the lawmakers have expressed concerns about the influence of fossil fuel companies on […]
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UAE reveals major change to work permits
The UAE has made a major change to the duration of work permits in the country. Following recommendations from a Federal National Council committee the active duration of work permits in the country will be extended to three years. It is illegal to work in the UAE without a valid work permit. UAE work permits Before the FNC […]
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ADNOC, TAQA award $2.4 billion massive water project
ADNOC and TAQA have awarded a strategic investment project worth up to $2.4 billion for a major desalination plant to support ADNOC’s onshore operations, a press statement has revealed. The project entails the development of a state-of-the-art seawater treatment facility and a transportation network that will serve the Bab and Bu Hasa fields in Abu […]
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Angry protesters storm Shell’s annual shareholder meeting
Shell shareholders expressed strong support for the energy giant’s strategy at a tumultuous annual general meeting disrupted by climate activists who tried to storm the stage, Reuters reported on Tuesday. The meeting started after an hour’s delay caused by massive disruptions by protesters who were then carried out by dozens of security staff. “Go to hell, Shell, […]