Sunday 14 August 2022

Dana Gas H1 net profit shoots up 82pc to $111m

Backed by high oil prices and a robust operational performance, Dana Gas, the Middle East’s largest private sector natural gas firm, saw its first-half (H1) net profit shoot up 82% to AED407 million ($111 million) or 5.8 fils per share.  


Sabic net income increases to $2.11bn in Q2

Saudi Basic Industries Corporation's (Sabic) revenue for the second quarter reached SR55.98 ($14.93 billion), representing an increase of 6% compared to the previous quarter and a 32% increase year-on-year.    Net income during the second quarter totale


EWEC, ADDED join hands to boost clean energy certificates adoption

EWEC (Emirates Water and Electricity Company) and the Abu Dhabi Department of Economic Development (ADDED), today signed a memorandum of understanding (MoU) focused on boosting sustainability best practices and promoting the adoption of Clean Energy Certificates (CECs) across the emirate&rsqu


Hitachi Energy backs huge step in Germany’s energy transition

Hitachi Energy, a global technology leader, has won a major order from Germany’s TenneT and TransnetBW to supply a transmission solution for the SuedLink DC4 high-voltage direct current (HVDC) interconnection.   The HVDC Light transmission system will tran


TAQA Group H1 net income up 50% to $1.17bn

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities in the region, reported a net income of AED4.3 billion ($1.17 billion) for the first half of 2022, an increase of 50% compared to H1 2021.    TAQA delivered a strong pe


WGES calls on attendees to register on its website

The 8th World Green Economy Summit (WGES) has invited those interested in attending to register on the Summit website to enable their participation in the activities, seminars, panel discussions and youth circles held during the  event. Dubai Electricity and Water Authority


Dewa invests in AI & machine learning to boost efficiency

Dubai Electricity and Water Authority (Dewa) said that R&D Centre employs Artificial Intelligence (AI), Machine Learning (ML) and Deep Learning (DL) to promote Dewa’s efforts to enrich the experience of customers, employees, and stakeholders. This also aims to reduce co


Adnoc Drilling wins $3.4bn deals to drive offshore growth

Abu Dhabi National Oil Company (Adnoc) said that two contracts totalling more than $3.4 billion (AED12.6 billion) have been awarded to Adnoc Drilling to hire eight jack-up offshore rigs. The contracts, valued at $1.5 billion (AED5.6 billion) and $1.9 billion (AED7 billion) respec


Masdar in deal with Tanzania to develop 2GW renewable energy capacity

Masdar, a major clean energy company, has signed an agreement with Tanzania Electric Supply Company (Tanesco) related to the development of renewable energy projects with a total capacity of up to 2 gigawatts (GW).   In the presence of January Makamb


Al Masaood Bergum takes part in Tanzania Energy Congress

Al Masaood Bergum, one of the UAE’s leading modular building solutions providers and part of Al Masaood Group, is displaying sustainable building systems at the Tanzania Energy Congress 2022.   The company is showcasing its range of product lines such as m

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