oil and gas

June 18, 2019

Global oil giant Adnoc and Dutch chemical major OCI announced on Monday a strategic partnership to create a regional fertiliser powerhouse.

The new partnership will see the Abu Dhabi-based oil company combining its fertiliser business, Adnoc Fertilizers, with OCI's regional nitrogen fertiliser platform to form a new joint venture.

The JV will become the largest export-focused nitrogen fertiliser platform globally and the largest producer in the Mena region with a production capacity of 5 million tonnes of urea and 1.5 million tonnes of ammonia, partners said.

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June 16, 2019

Dubai Electricity and Water Authority (DEWA) on Saturday said it has issued a tender for the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.

Under the tender, the fifth phase will provide 900 megawatts (MW) of electricity using photovoltaic solar panels, based on the independent power project (IPP) model.

The move supports the objectives of the Dubai Clean Energy Strategy 2050 to provide 75 percent of Dubai’s total power output from clean energy by 2050.

The deadline to"...

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June 15, 2019

(WAM) -- Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency, IRENA. This compares with 10.3 million in 2017.

As more and more countries manufacture, trade, and install renewable energy technologies, the latest Renewable Energy and Jobs – Annual Review finds that renewables jobs grew to their highest level despite slower growth in key renewable energy markets including China.

The diversification of the renewable energy supply chain is changing the sector’s"...

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June 15, 2019

DUBAI,14th June 2019 (WAM) - The European Foundation for Quality Management (EFQM) has selected Dubai Electricity and Water Authority (DEWA), as one of the organisations that will test the EFQM Model 2020. DEWA organised a workshop to discuss the updated model with its staff.

Isra'a Mobideen, EFQM Middle East Office Manager, and some of DEWA’s management took part in the workshop at the DEWA Campus for Occupational and Academic Development.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, commended EFQM’s development of sustainable excellence standards"...

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June 13, 2019

A high-profile delegation from the Abu Dhabi Department of Energy, DoE, led by the DoE’s Chairman Awaidha Murshed Al Marar, is visiting the Australian state of Victoria this week to expand cooperation and reinforce strategic partnerships in energy between Abu Dhabi and other countries of the world.

The visit will see the delegation meet with officials from the Government of the State of Victoria and senior executives from the state’s energy regulatory institutions, most prominent of which is Australian Energy Regulator, the Energy Efficiency Council, and Australia Energy Market Operator.

The"...

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June 13, 2019

Refined oil product stockpiles at the UAE’s East Coast Port of Fujairah fell to a four-week low as of Monday 10th June, amid muted trading during the Eid-al-Fitr holidays last week, according to data released today, Wednesday, by the Fujairah Oil Industry Zone.

Total inventories at the Middle East bunkering hub dropped 0.5 percent over the past week to 23.889 million barrels, the lowest level since 13th May, data compiled by S&P Global Platts showed. While stockpiles have slipped for two weeks in a row, the total is still up 38 percent since the end of last year.

In"...

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June 10, 2019

China’s Shanghai Electric Power (SEP) will acquire K-Electronic from embattled private equity firm Abraaj Group in the second half of 2019, according to media reports.

According to Pakistan’s Express Tribune, the deal – which was signed in October 2016 at $1.77 billion – is now likely to be implemented after Pakistan’s National Electric Power Regulatory Authority (NEPRA) revised the power tariff upward.

“Naturally, this should sleep up the transactions, which has been pending for around three years now,” K-Electric chairman"...

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June 10, 2019

Floating solar photovoltaic plants could soon be built in the Arabian Gulf.

Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) for consultants to study, develop and construct the plants.

Saeed Mohammed Al Tayer, MD and CEO of DEWA, said: “Floating photovoltaic systems are one of the most prominent emerging technologies that rely on installing solar photovoltaic systems directly above water.”

The consultancy services include a feasibility study,"...

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June 10, 2019

(AETOS Wire)-- Ken Research in their latest publication “Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor oils, Greases); By Origin (Mineral, Synthetic and Semi-Synthetic)” observed that the market is expected to register a positive CAGR of 3.4% in terms of revenue and a CAGR of 0.8% in terms of sales volume / domestic consumption of lubricants during 2018–2023. This market intelligence report provides detailed market opportunities in automotive and industrial lubricant industry in KSA, with over 100 KPIs, covering end markets, product type, and distribution channel. It provides a domestic production, revenue and sales volume of lubricant sector through 100+ data tables and charts. Key Segments Covered By Origin Mineral Synthetic Semi-Synthetic Saudi Arabia Automotive Lubricant Sales By Type Passenger Car Motor Oils Heavy Duty Diesel Engine Oils Hydraulic Oils Gear Oils & Transmission Fluids Greases By End User Passenger Vehicles Commercial Vehicles Marine and Aviation By Distribution Channel Puncture Shops Company Owned-Operated Outlets Auto OEM’s Others: Others include wholesalers, retailers and OEM service centers. KSA Industrial......

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June 3, 2019

The Abu Dhabi Investment Authority (ADIA) is among a number of investors who have pumped $300 million in new funding into ReNew Power, India’s largest green energy company, the Economic Times newspaper reportes on Friday.

ADIA, along with Goldman Sachs and Canada Pension Plan Investment Board, are already existing investors in the Indian green energy company, with the new investment coming about as a result of a recent rights issue, sources told the Economic Times.

“The company wants to increase confidence levels among investors with the proposed fund mop-up,”"...

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