ADNOC awards $980m contract

ADNOC awards $980m contract to spur UAE’s offshore energy resources

Over 80 per cent of the contract value will flow back into the country’s economy under ADNOC’s In-Country Value programme

ADIO Siemens Energy partnership

ADIO, Siemens Energy partner to launch innovation centre in Abu Dhabi

Siemens Energy will receive support to set up its Middle East Innovation Centre in Abu Dhabi, as part of the ADIO Dhs2bn Innovation Programme

ENOC Group Service Station of the Future

Dubai’s ENOC Group announces partnership with Nigeria’s QMF Energy

ENOC Marine Lubricants will supply its Strata product range across all the ports in Nigeria

ADNOC

ADNOC Drilling awarded $1.53bn contract to help expand ADNOC’s offshore operations

Over 80 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme

ENEC Cyber Security Council MOU

Emirates Nuclear Energy Corporation, UAE Cyber Security Council to jointly boost cyber ‘resilience’

The two entities will conduct periodic exercises for the energy sector to build its readiness to respond to cyber incidents

Unit 3 Barakah Plant_courtesy WAM_ENEC

Barakah nuclear energy plant’s Unit 3 now connected to UAE transmission grid

Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid

ENGIE Solutions and UAE Ministry of Energy and Infrastructure partner to develop clean energy projects

ENGIE Solutions, UAE MoEI to develop clean energy projects

ENGIE Solutions aims to support the UAE’s transition to using new means of energy sources and mobility

World acting sooner can limit energy transition costs, IMF says

The analysis shows that climate policy wouldn’t stoke wage-price spirals and wouldn’t complicate the job of central banks

OPEC+ tries to keep oil above $90 with large production cut

It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020

RAK Energy Summit

RAK Energy Summit concludes with focus on future of sustainable energy

RAK Energy Summit saw participation of UAE Ministry of Climate Change and Environment, IRENA, UN Industrial Development Organization

Aramco says global oil spare buffers to slump when China reopens

Analysts say there’s only about 2 million barrels a day of capacity that could be brought online quickly should there be a supply shutdowns

Oil steadies after rally as market counts down to OPEC+ meeting

Oil slumped 25 per cent last quarter as central banks including the Federal Reserve raised rates aggressively to combat runaway inflation

UAE reduces fuel prices for October 2022

The price of Super 98 has been reduced to Dhs3.03 per litre

Oman oil driller Abraj Energy hires banks for $500m IPO

Oman oil driller Abraj Energy hires banks for $500m IPO

Abraj Energy was created in 2006 and owns about 20 land rigs

Oil extends losses as traders weigh Iran supply, demand outlook

OPEC+ discusses cutting oil output at next week’s meeting

Oil prices have slumped by a fifth since early August on fears over the global economy

World Green Economy Summit discussed role of youth in climate change

World Green Economy Summit discusses role of youth in climate change

The summit discussed topics related to the skill development of youth in global climate policies, ways to empower them and the role of the government in supporting them

DGA

Saudi oil driller plans $710m IPO to expand operations

Arabian Drilling plans to use the IPO proceeds to scale up its onshore and offshore fleet and expand operations in the GCC region

Masdar, RWE Renewables partner to develop offshore wind projects across key markets

The partnership was announced following the signing of the Energy Security, Climate Action and Industry Accelerator Growth Pact between the UAE and Germany

WETEX and Dubai Solar Show support UAE's Net Zero 2050 Strategy

WETEX and Dubai Solar Show begin, supports UAE’s Net Zero 2050 Strategy

The exhibition is an integrated platform for organisations in the water, energy and environment sectors to learn about the latest technologies, solutions and developments

Oil holds near lowest since January with demand outlook dimming

West Texas Intermediate was steady below $77 a barrel after sinking more than 8 per cent over the previous two sessions

Qatar

TotalEnergies invests about $1.5bn in Qatar gas field

The project will raise Qatar’s liquefied natural gas capacity to 126 million tons

rigs

Abu Dhabi’s ADNOC Drilling acquires offshore jack-up rigs for $140m

The two new rigs will join the ADNOC Drilling fleet and commence operations by the end of the year

Aldar properties ot invest Dh25m to cut energy costs across communtities

Aldar invests Dhs25m into residential communities to cut energy consumption

The project will enhance energy efficiency across a range of Aldar hotels, schools, commercial, leisure, retail and residential buildings

energy agreement

UAE and Germany sign new energy agreement

The agreement will accelerate projects of joint interest in areas of energy security, decarbonisation and climate action

Hydrogen strategy GettyImages-1340022435

UAE’s MoEI, GHD, Fraunhofer-Gesellschaft partner to develop National Hydrogen Strategy

The National Hydrogen Strategy will help inform the UAE’s policy decisions regarding energy-mix diversification strategies and net-zero targets by 2050

ENEC CSFN sign MOU

Emirates Nuclear Energy Corporation, French Nuclear Cluster ink MoU at E-Fusion event

The new agreement will see ENEC and CSFN focus on the future enhancement of a local supply chain for the UAE Peaceful Nuclear Energy Programme and the Barakah Nuclear Energy Plant

ADNOC's offshore operations

ADNOC, Taqa close $3.8bn deal to decarbonise offshore operations

The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent

Fossil-fuel underinvestment is recipe for disaster, says Dr Sultan Al Jaber

A supply crunch has sent oil and natural gas prices soaring since the pandemic

Unit 3 of UAE’s Barakah nuclear energy plant starts up

Unit 3, once commercially operational, will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid

Qatar says talks with Germany on LNG contracts ongoing

Qatar is one of the world’s biggest exporters of liquefied natural gas