oil and gas

February 19, 2019

(WAM) -- Mubadala Petroleum announced that it has signed the Gross Split Production Sharing Contract, PSC, for South Andaman, as awarded by the Government of Indonesia pursuant to the 2018 Indonesian Third Direct Tender Round.

Following the signing, Mubadala Petroleum is now the operator of both the South Andaman and the adjacent Andaman I PSC and a partner in the Andaman II PSC.

The South Andaman PSC is located in the underexplored but proven North Sumatra basin offshore Aceh. With participating interests now in three adjacent blocks, Mubadala Petroleum is the largest"...

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February 19, 2019

Fuel retailer Enoc on Monday said it has expanded its operations in Egypt to sell lubricants as well as aviation fuel at the North African country's airports.

The Dubai-based company set up Enoc Misr subsidiary in a tie-up with Proserv Egypt to distribute its products to commercial, industrial and marine firms in the Egyptian market.

Saif Humaid Al Falasi, group CEO, Enoc, said the firm has contributed significantly to the UAE's socio-economic progress, and has played a key role in the development of key infrastructure required to fulfil the country's energy"...

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February 16, 2019

The Arab Petroleum Investments Corporation (APICORP) on Monday announced its investment towards the Series A shares of Yellow Door Energy, a UAE-based solar power developer.

The funds, as part of a consortium of international and regional banks and amounting to a total of $65 million, will enable Yellow Door Energy to scale its investments in solar energy and efficiency solutions in emerging markets, and generate 300 megawatts of solar energy over the next two years.

Dr Ahmed Ali Attiga, CEO of APICORP said: “The solar energy market still has significant untapped"...

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February 14, 2019

Sharjah-based Dana Gas will drill the first offshore well in the Nile Delta in April as part of its $5 billion (Dh18.4bn) planned investment in Egypt as it bets on potential yields of up to 20 trillion cubic feet of gas, according to its chief executive.

“The [Block 6/North Arish] well has been delayed from February spud [drilling], which we had originally intended to in an April-May spud date,” Patrick Allman-Ward told The National on the sidelines of an energy conference in Cairo.

Dana Gas, which had struggled to receive payments from Egypt in the past"...

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February 14, 2019

DUBAI, 13th February, 2019 (WAM) -- Etihad Energy Services Company (Etihad ESCO), the wholly-owned subsidiary of Dubai Electricity and Water Authority (DEWA), announced the successful completion of the Hatta solar retrofit project.

The project included installation of 7,756 photovoltaic (PV) solar panels over the roofs of 554 Hatta villas and forms part of DEWA’s Shams Dubai initiative which aims to generate 3,612,357-kilowatt hour (KWh) of energy annually out of 554 newly retrofitted villas.

The average peak power of the solar PV system installed (kWp) on each"...

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February 13, 2019

(WAM) - ENOC Group announced plans to expand its aviation operations in Egypt through its acquisition of a share in the jet fuel hydrant system at Terminal 2 of Cairo International Airport. The Group also plans to establish a physical presence by opening an office for its aviation operations and jet fuel marketing, serving as a catalyst to enable the growth and development of the country’s aviation infrastructure.

ENOC’s announcements follow a recent agreement with the Egyptian General Petroleum Corporation (EGPC) to enable the supply of jet fuel at all key airports across the country, providing further opportunities to drive foreign"...

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February 12, 2019

Dubai will seek partners this year to build its first solar-powered desalination plant as the emirate tries to diversify away from burning fossil fuels to increase its water supply, the head of the Dubai Electricity and Water Authority said in an interview.

The plant, using reverse osmosis technology, will have capacity to produce 120 million gallons a day of drinkable water by 2024, Chief Executive Officer Saeed Mohammed Al Tayer said in Dubai. DEWA is also developing a reservoir to hold as much as 6 billion gallons of water reserves, and the utility currently stores about 700 million gallons, Al Tayer said at the World Government Summit in"...

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February 12, 2019

The UAE said on Monday that it is looking at investing more in refining and petrochemical projects in India, as well as pumping more crude oil into the latter's strategic petroleum reserves.

Speaking to reporters here after receiving the Lifetime Achievement Award at the Petrotech 2019 global energy conference from Prime Minister Narendra Modi, UAE Minister of State and CEO of Adnoc Dr Sultan bin Ahmad Sultan Al Jaber said his country is looking to go beyond only selling crude to India and wants to develop a strategic partnership.

'We are looking at expanding"...

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February 11, 2019

Abu Dhabi has converted Abu Dhabi Company for Energy into a joint stock company, according to a new decree by President Sheikh Khalifa.

The company and its assets will be owned by Abu Dhabi Development Holding, according to a statement published on Sunday by the state-run WAM news agency.

Abu Dhabi is expanding the scope of water and power generation in the emirate with the development of solar projects and also nuclear power.

The Department of Energy launched last month the Abu Dhabi Integrated"...

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February 11, 2019

(WAM) -- South Energy, the energy solution’s arm of Dubai South, announced that it has signed a Memorandum of Understanding (MoU) with SP Group as part of its efforts to boost its district cooling capabilities by exploring key opportunities with the Singapore-based company. The agreement seeks to explore key opportunities through joint venture initiatives set to further enhance district cooling services in the region.

South Energy operates six central cooling plants in Dubai South which currently serves the VIP Terminal, Residential District, The Business Park and Sakany in Dubai’s flagship urban project, tapping advanced cooling"...

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