Saturday 21 January 2017

Global oil giants 'cutting down Mena investments'

International oil companies (IOCs) have long played a dominant role in the development of the region’s oil sector – and have always seen the Middle East’s vast reserves as the prized asset, said a industry expert in its report. Competition amongst them has alway


Saudi Aramco sees 'equilibrium' in oil markets

State oil giant Saudi Aramco sees an “equilibrium” returning to the oil market in the first half of this year, after a rollercoaster ride in prices in recent years, said a report. Opec in November agreed to cut production by 1.2 million barrels a day from January 1, i


Aramco launches Saudi Arabia’s first wind turbine

State-run Saudi Aramco has commissioned the kingdom’s first wind energy turbine, developed in partnership with GE aiming to support the renewable goals of Saudi Vision 2030. The project will power Saudi Aramco’s facility in Turaif in northwestern Saudi Arabia, providi


Dewa signs co-op deal with French electricity company

Dubai Electricity and Water Authority (Dewa) has signed a memorandum of understanding (MoU) with the French electricity company (Électricité de France) to enhance further co-operation and facilitate exchanging of expertise in areas of mutual interest. It supports De


Masdar seals 'green' desalination technology deal

The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, has signed a research collaboration agreement with Korea University to develop energy-efficient desalination technologies in the UA


ABB delivers E-Houses for UAE offshore oilfield

ABB has shipped the first batch of nine electrical houses (E-Houses) to enable reliable power supply to an offshore oilfield in the UAE. The 98m E-Houses will supply reliable power to the Satah al-Razboot (SARB) offshore oilfield. The $80 million order – ABB&


UAE launches $50m Caribbean renewable energy fund

The UAE today announced a landmark new $50 million fund for renewable energy projects in Caribbean island countries.   Launched by Reem Al Hashimy, Minister of State for International Cooperation, the UAE-Caribbean Renewable Energy Fund represents one of the largest single i


Masdar takes 25pc stake in world’s first floating wind farm

Masdar, Abu Dhabi’s renewable energy company, has acquired a stake in Hywind Scotland, a 30-megawatt (MW) floating offshore pilot wind farm in the North Sea, it was announced at an official ceremony during Abu Dhabi Sustainability Week 2017. Through the transaction Statoil


Yokogawa wins UAE order for control systems

Yokogawa Middle East & Africa, a subsidiary of Japan’s Yokogawa Electric Corporation has received an order from the Sharjah Electricity & Water Authority (Sewa) to provide control systems for the Layyah Power and Desalination Station. Sewa is retrofitting the contro


Masdar in tie-up with Qatar Electricity, Nebras

Masdar, Abu Dhabi’s renewable energy company, has signed a cooperation agreement with Qatar Electricity & Water Company (QEWC) and Nebras Power at Abu Dhabi Sustainability Week to develop renewable and sustainable energy projects. The agreement was signed by Fahd bin Ha

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