Friday 16 November 2018

Adnoc, Mubadala to explore downstream, refining prospects

The Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company have partnered to explore growth prospects in Mubadala’s refining and petrochemicals assets and Adnoc’s downstream investment ambitions. The Abu Dhabi National Oil Company (Adnoc) and Mubadala


GCC ‘on track to achieve 4.6GW solar PV target’

The solar drive will ensure the Gulf region reaches its 2030 target of a collective 4.6 GW PV in power generation to emerge as a global renewables leader, said an industry expert ahead of the upcoming Middle East Electricity 2019 in Dubai. The event runs at Dubai World Trade Cent


Penspen secures $70m contract with Adnoc Onshore

Penspen, a leading global provider of engineering and project management services to the energy industry, has been awarded a contract by Abu Dhabi National Oil Company (Adnoc) Onshore, with a value exceeding $70 million.   The project is for the provision of pro


Adnoc to invest $1.4bn in oil field upgrade

The Abu Dhabi National Oil Company (Adnoc) announced today a Dh5.1 billion ($1.4 billion) investment to upgrade and expand its Bu Hasa field, which will increase crude oil production capacity to 650,000 barrels per day (bpd).    This is an important step to


Main concrete works completed for UAE N-energy plant

The Emirates Nuclear Energy Corporation (Enec) has celebrated the achievement of a historic milestone in the development of the Barakah Nuclear Energy Plant, with the completion of all main concrete works and heavy equipment lifting for the four nuclear reactor units being built in the Al Dha


Abu Dhabi Power activation event maps out roles

The Department of Energy (DoE), the entity responsible for strengthening the pioneering status and sustainability of the energy sector in Abu Dhabi, recently opened an activation event for the Abu Dhabi Power Corporation.    Abu Dhabi Power is an entity wit


Dana Gas 9-month revenue up 6pc to $115m

Dana Gas, a leading natural gas company in the region, has posted a revenue of $351 million (Dh1,287 million) for the first nine months of the year from $330 million over the same period last year, marking an increase of 6 per cent.  Correspondingly, Q3 2018 revenue increase


Tabreed’s nine-month net profit surges 10pc

UAE-based National Central Cooling Company (Tabreed) has registered a net profit of Dh319.3 million ($87  million) for the first nine months of the year, up 10 per cent over the last year's figures of Dh290.4 million ($79 million). A leading regional district cooling uti


Octal highlights logistics industry challenges at Oman event

Octal, a leading PET sheet producer and leading integrated packaging company, participated and debated the challenges within the logistics industry at the recently concluded IRU World Congress 2018, which was held in Oman. IRU World Congress is a global event for road transport,


Johnson Controls to sell power business for $13.2bn

Johnson Controls International, a global diversified technology and multi industrial leader, said it would sell its power solutions business to investment firm Brookfield Business Partners in a cash transaction valued at $13.2 billion. "Today's announcement marks a signi

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