oil and gas

January 18, 2020

(WAM) -- The Catalyst, the sustainability-focused accelerator supported by Masdar and BP, has announced three new companies for its second cycle of funding, training and mentorship.

The announcement was made at Abu Dhabi Sustainability Week 2020, the region’s largest sustainability gathering, taking place this week in the UAE capital.

According to a statement released by Masdar, all three start-ups will receive funding and training, access to The Catalyst’s mentor network, and office space at Masdar City’s Tech Park or Accelerator Building.

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January 16, 2020

ABU DHABI, 15th January 2020 (WAM) -The Abu Dhabi Department of Energy, DoE, has announced the completion of the Emirate’s first Energy Saving Performance Contracting, ESPC, pilot project encompassing eight retrofitted government buildings.

The Building Retrofit programme is a part of Abu Dhabi’s Demand Side Management and Energy Rationalisation Strategy 2030, which aims for a 22% reduction in energy consumption and a 32% reduction in water consumption over the next decade.

One of the nine key programmes of the DSM strategy, building retrofitting aims for"...

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January 16, 2020

ABU DHABI, 15th January 2020 (WAM) - The Abu Dhabi Department of Energy (DoE), has announced a new Green Bond Accelerator initiative today at the Abu Dhabi Sustainable Finance Forum, part of Abu Dhabi Sustainability Week 2020.

The Green Bond Programme is a joint initiative between DoE, Abu Dhabi Global Market (ADGM) and Abu Dhabi Securities Exchange (ADX). The initiative has been launched with the objective of establishing Abu Dhabi as a regional hub for the issuance of green bonds and green sukuk for sustainable projects in the Emirate as well as across the Middle East and Africa.

The"...

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January 15, 2020

ABU DHABI, 14th January, 2020 (WAM) -- Masdar, a subsidiary of Mubadala Investment Company, has made its first investment in Australia after acquiring a 40 percent stake in the country’s second utility-scale waste-to-energy, WTE, facility, the company announced today at Abu Dhabi Sustainability Week, ADSW 2020.

Under the terms of the investment, Masdar and Abu Dhabi advisory and development firm Tribe Infrastructure Group have invested in the waste-to-energy project via their Abu Dhabi Global Market-based joint venture holding company, Masdar Tribe Energy Holdings Limited.

Niall"...

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January 14, 2020

Thani Ahmed Al Zeyoudi, Minister of Climate Change and Environment is confident that the new target to double renewable energy portfolio in the next 10 years announced by Dr Sultan Ahmed Al Jaber, Minister of State in the UAE and CEO of Abu Dhabi National Oil Company, is the right approach as the country aims to raise clean energy capacity.

When asked if his task had just got tougher, the minister told Khaleej Times: 'It's not difficult. Being ambitious makes you more active and interested in moving forward. When it comes to the targets (for clean energy), if you look at the numbers set for 2021, it's around 27 per cent. And by 2050,"...

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January 13, 2020

The fourth annual Atlantic Council Global Energy Forum opened in Abu Dhabi yesterday (Jan 11), kicking off three days of high-level discussions with industry and political leaders to set the energy agenda for the year ahead.

Once again, the Global Energy Forum is serving as a key part of Abu Dhabi Sustainability Week.

Participants at the Global Energy Forum will examine the longer-term geopolitical and geo-economic"...

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January 13, 2020

ABU DHABI, 12th January, 2020 (WAM) -- The Abu Dhabi National Oil Company, ADNOC, has exchanged signing of agreements with Indonesia’s Pertamina and Chandra Asri. Pertamina.

ADNOC signed a Memorandum of Understanding, MoU, to explore potential development of a Crude to Petrochemicals complex in Balongan, Indonesia as well as a Sales Agreement in which ADNOC will supply Pertamina with up to 528,000 MT of LPG by the end of 2020. Chandra Asri and ADNOC also signed a MoU to explore potential supply of naphtha to Chandra Asri in Indonesia that would be utilized as a feedstock for their current and potential new cracker complex in Indonesia.

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January 13, 2020

The Abu Dhabi Fund for Development (ADFD) on Sunday announced a record $105 million allocation of funds for renewable energy projects in eight developing countries - Antigua and Barbuda ($15 million), Burkina Faso ($5.5 million), Chad ($15 million), Cuba ($20 million), the Maldives ($14 million), Nepal ($10 million), Saint Lucia ($15 million) and Saint Vincent and the Grenadines ($10 million).

The ADFD signed agreements worth $33 million with governments of three African nations. Thus, the overall commitment by ADFD was at $138 million.

The funding of eight countries"...

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January 12, 2020

ABU DHABI, 11th January, 2020 (WAM) -- Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, is leading the UAE delegation at the 10th session of the two-day International Renewable Energy Agency, IRENA, Assembly, among other renewable energy stakeholders from around the world, underway in Abu Dhabi today.

At the assembly’s opening ceremony, Dr. Al Zeyoudi delivered the statement of the UAE, the host country of IRENA.

'Supported by its member states, IRENA has played an instrumental role in boosting a collective drive towards energy"...

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January 12, 2020

The UAE ensures energy security in the region through partnerships and investments both inside and outside the country, and its wise decisions and policies have guaranteed stability in the market amid ongoing geopolitical tensions in parts of the region, top ministers said on Saturday.

Looking forward to 2020 with optimism, Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy and Industry, said the country is investing heavily to secure its energy resources.

'In the UAE, we are optimistic about the future of the region. We are for de-escalation of"...

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