Dubai PR Network: Latest from Energy, Oil, Gas, and Power in Dubai and Middle East

Energy, Oil, Gas, and Power

Mubadala Petroleum completes the acquisition of a 10 percent interest in the Shorouk Concession in E ...

Abu Dhabi, 20 June 2018: Mubadala Petroleum announces that it has completed the acquisition from Italy’s Eni of a 10 percent participating interest in the offshore Shorouk Concession in Egypt, which contains the supergiant Zohr gas field. Following the completion, Eni, through its subsidiary IEOC, holds a 50 percent interest in ......Read More

Wednesday, June 20, 2018

National Poll Shows Strong Support for UAE Peaceful Nuclear Energy Program

The poll on nuclear energy conducted by independent global market research company Nielsen shows that 82 percent of UAE residents are in favor of using nuclear energy for generating electricity - the highest level of support globally Al Dhafra residents show highest acceptance levels in the UAE for the construction of the Barakah ......Read More

Wednesday, June 20, 2018

EU Reinforces Position at the Forefront of Global Energy Transformation, Says IRENA

Abu Dhabi, UAE: 17 June 2018: Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA) has welcomed the European Union’s (EU) decision to increase its renewable energy target from 27 per cent to 32 per cent by 2030, highlighting that the move reinforces the EU’s position at the forefront of energy ......Read More

Sunday, June 17, 2018

Tristar Group's Jebel Ali warehouses receive DMCC's 5-star rating for second and third consecutive y ...

Dubai, UAE; June 13, 2018: Tristar Group’s two warehouses located in the Jebel Ali Industrial Area 1 and 2 were awarded 5-star rating by Dubai Multi Commodities Centre (DMCC) for the second and third consecutive years, respectively. Shivananda Baikady, General Manager-Road Transport and Warehousing, Tristar, said: ......Read More

Wednesday, June 13, 2018
GCC must make the right decisions to harness the potential of renewable energy

Renewable energy continues to attract an increasing share of global investment, with annual investments expected to grow by $130 billion, compared to 2016 figures, reaching around $370 billion in 2020. Developing countries now account for almost half of all renewables investment, although to date there has been modest investment in the GCC Investment in GCC renewable energy could reach $16 billion in 2020 with a cumulative total of $40 billion between 2016 and 2020, provided the correct decisions and policies are adopted The GCC countries have considerable potential for renewable energy deployment Strategy& outlines six part framework for GCC to catch ......Read More

Tuesday, June 5, 2018

Crude spreads widen; gold still looking for a catalyst

By Ole S Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, June 3, 2018: Commodities traded lower this past week with losses being led by the energy sector while both the metals and agriculture sectors were mixed. Impacting commodities both directly and indirectly were the unfolding political crises in both Spain and Italy, together with Donald Trump’s decision to slap duties on imports of steel and aluminium from US allies while also preparing a range of tariffs on goods from China. Both events helped increase stock market volatility while sending core bond yields lower and the dollar higher. At the same time, they also raised additional concerns about the ......Read More

Sunday, June 3, 2018

Nawah Energy Company Enters Next Phase of Preparations for Barakah Unit 1 Nuclear Operations

All efforts focused on preparations for safety-led nuclear operations of the UAE’s first nuclear reactor in accordance with the highest standards of a nuclear safety culture and quality assurance Comprehensive schedule review points to start-up of nuclear operations for Unit 1 between the end of 2019 and early 2020 Abu Dhabi, UAE – 26 May 2018: Nawah Energy Company (Nawah), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has entered the next phase of preparation for nuclear operations. With construction of Unit 1 recently completed by the Emirates Nuclear Energy Corporation (ENEC) and Joint Venture partner, ......Read More

Saturday, May 26, 2018

RDIF, Mubadala Petroleum and Gazprom Neft announce a joint venture to develop Siberian oil fields

Dubai, UAE, May 24, 2018: The Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia) and Mubadala Petroleum, the UAE-based leading oil and gas exploration and production company, announce the creation of a joint venture with PJSC Gazprom Neft to develop several oil fields in the Tomsk and Omsk regions. RDIF and Mubadala ......Read More

Thursday, May 24, 2018
Strong Global Interest in Tendering Process for Oil and Gas Concessions in Ras Al Khaimah, Reveals R ...

The recently launched licensing round has proven a draw with companies from all over the world thanks to the unique, overall proposition on offer Ras Al Khaimah, United Arab Emirates, 23, May 2018: With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a team of international experts already working on the ground, the tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale. Launched on 1 April 2018 to attract regional and international companies aiming to expand their portfolios in ......Read More

Wednesday, May 23, 2018

Regulatory Reform Key to Meeting Renewable Energy Targets in Panama

70% renewables by 2050 target is achievable if regulations adequately reflect contribution of solar and wind power says IRENA Dubai, UAE, May 23, 2018: Upgrades to Panama’s regulatory environment and power system management are critical to achieving the renewable energy goals set out in the country’s National Energy ......Read More

Wednesday, May 23, 2018

Etihad ESCO signs service agreement with Jamal Al Ghurair Group for its first retrofit project in Ab ...

June 20, 2018 - Etihad ESCO, the leading energy service company, announced the signing of an agreement with Jamal Al Ghurair Group to retrofit two of their industrial facilities in Abu Dhabi- Gypsemna and Porcellan. Etihad ESCO and Jamal Al Ghurair Group formed the partnership after identifying the enormous energy savings potential of the project. Being the first retrofit program to be undertaken by Etihad ESCO in Abu Dhabi, the project is set to pave the way for increased adoption of retrofit measures in the capital. Jamal Al Ghurair Group is a diversified family-owned group with interests in manufacturing, real estate and financial investments and an expanding global presence. Etihad ......Read More

Wednesday, June 20, 2018

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