Sunday 25 February 2018

Awareness 'key to unlocking benefits of energy efficiency'

Awareness enhancement is a key impetus for the achievement of the Dubai Demand Side Management (DSM) targets, said a top government official. Behavioral change is only possible when people and organisations become aware of their energy consumption, and of measures and practices t


Opec sees record conformity to output cut deal

Opec and participating non-Opec producing countries have started 2018 with an outstanding conformity level in their voluntary production adjustments, reaching over 130 per cent, said a report. The conformity level for December 2017 was 129 per cent. The monthly average conformity


Adnoc selects Chemlube for base oil sales in Europe

The Abu Dhabi National Oil Company (Adnoc) has concluded an exclusive agreement with Chemlube, appointing the Switzerland-based company as the exclusive seller of its Group III Base Oil product in Europe. The agreement was signed by Abdulla Salem Al Dhaheri, marketing, sales and


SR Technics, UK group tie up for robotics solution

SR Technics, a leading maintenance, repair and overhaul (MRO) service provider with major presence in the UAE, is partnering with UK-based Invert Robotics to implement an innovative robotics solution to enhance its aircraft maintenance inspections. Invert Robotics designs and dev


Oil prices to average $50-$70 till 2023: BofAML

Brent crude oil prices are expected to average $50 to $70 per barrel (/bbl) in a medium-term horizon to 2023, said the Bank of America Merrill Lynch (BofAML) in its latest Global Energy Paper.  This forecast range compares to a current forward strip of $58/bbl on av


Saudi Aramco sets up National Power Academy

Saudi Aramco, in association with nine local and international organizations, has established the National Power Academy (NPA) to provide the local and regional markets with highly qualified staff. Located in Dammam, the academy will initially receive 250 trainees in 2018, gradua


Investment vital as oil market rebalances, UAE minister

The collapse in global oil prices between June 2014 and January 2016 led to nearly $1 trillion in investment being frozen or discontinued with "many hundreds of thousands of jobs" being lost throughout the industry, said the UAE energy minister. Now it is time to plan f


Abu Dhabi, Singapore sign nine utility project deals

Abu Dhabi government and Singapore have signed nine MoUs, in power and water sector, to facilitate development of joint projects in knowledge sharing, joint research and technology transfer in the power and water sectors, said a report. Singaporean authorities will also assist in


Over 50 firms for Offshore Arabia summit

More than 50 companies from 40 countries are expected to take part in the upcoming Offshore Arabia Conference & Exhibition in Dubai, UAE. Being held under the theme ‘Navigating the future and facing the challenges’, the event will run on February 18 and March 1 at


Kenya to host renewables expo alongside Big 5

A new event dedicated to East Africa’s multi-billion dollar renewable energy market will debut alongside Kenya’s largest building and construction event, The Big 5 Construct East Africa 2018. The launch edition of the Renewable Energy Expo East Africa, organized by dm

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