Tabreed

UAE’s Tabreed to issue $1bn bonds

It will be issued in one or more tranches over the next 12 months

Oil steady near $39 after surge on optimism for US stimulus

People in China are vacationing during the Golden Week holiday, displaying the country’s confidence in its economic rebound and its public health measures

UAE exports 24.8% of Japan’s crude oil needs in August

Japan’s total crude oil import in August equalled 73.189 million barrels

Abu Dhabi’s ADNOC begins derivatives trading

The new offices of ADNOC’s trading entities are located in Abu Dhabi’s International Financial Centre

Saudi Arabia extends Covid salary aid programme in reduced form

The programme originally covered 70 per cent of Saudi employees in firms with over five workers

Saudi energy park SPARK achieves LEED certification

LEED certification ensures green techniques are applied to the construction of SPARK facilities

UAE announces fuel prices for October 2020

Prices will remain unchanged for the seventh consecutive month in October

UAE resumes spot on IAEA’s board

The UAE had previously held the seat from 2010-2012, from 2013 to 2015 and then again from 2016 to 2018

Countries need to invest $55 trillion to reach emissions target

Building renewable power plants will take up a bulk of the estimated investment

ADNOC Distribution launches three new stations in Dubai

The service stations are located at Jafaliya, Nad Al Sheba, and Studio City

Abu Dhabi’s ADQ expands utilities portfolio with addition of ENEC

The Abu Dhabi Executive Council issued a decree to transfer ENEC to ADQ’s ownership

Unit 1 of Barakah nuclear energy plant achieves 50% production capacity

This follows the synchronisation of Unit 1 to the national power grid in August

Oil holds losses near $40 amid deteriorating demand outlook

Prices jumped 10 per cent last week after Saudi Arabia indicated it would defend the market

ADNOC Mubadala ENEC

Abu Dhabi’s ADNOC signs agreement with Mubadala, ENEC to partner on In-Country Value programme

The ICV programme has already driven more than Dhs44bn ($12bn) back into the UAE’s economy and created over 1,500 private-sector jobs for Emiratis

Saudi firms start talks to form $11bn chemicals maker

Saudi Industrial owns 50 per cent of National Petrochemical

Abu Dhabi takes $615m stake in US LNG exporter

Houston-based Cheniere operates two export facilities: Corpus Christi in Texas and Sabine Pass in Louisiana

ADNOC CTO calls for digital transformation in energy sector

Alan Nelson joins other energy IT leaders in AVEVA discussion on digital transformation

Kuwait aims to finish Mideast’s biggest LNG terminal by March

The Al-Zour plant will allow Kuwait to receive 22 million tons of LNG a year

Oil giant Aramco regains top spot from Apple as tech rally fades

Apple and Aramco are the only two companies to have achieved valuations of $2 trillion

Abu Dhabi Sustainability Week

Abu Dhabi says key sustainability event planned for January 2021 will be held virtually

The 2020 edition of ADSW hosted around 45,000 attendees from 170 countries, with more than 500 high-level speakers from around the world

ADNOC Jebel Dhanna Abu Dhabi

ADNOC awards $245m contracts to upgrade Jebel Dhanna terminal in Abu Dhabi

Over 50 per cent of the total award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme

Dubai’s Landmark Group signs solar deal with Yellow Door Energy, Amana Investments

Over 6,000 solar panels will be installed to generate 4,200 megawatt-hours of clean energy annually

Abu Dhabi Waste Management Center

Tadweer inaugurates second phase of solar power unit at Abu Dhabi recycling facility

The second phase has enhanced the facility’s solar energy utilisation by increasing its capacity to 600 kilowatts per hour

Saudis reduce oil pricing in sign demand recovery is struggling

Aramco will also trim pricing for lighter barrels to northwest Europe and the Mediterranean region

Waste to Energy Facility bee'ah

How to build a post-Covid ‘green economy’ in the UAE

To ensure the success of these ambitious green projects, a renewed emphasis should be placed on public-private partnerships

Saudi chemicals giant Sabic taps bond market for $1bn

Saudi Arabia is seeking to diversify its economy away from petroleum by building new industries

Aramco delays multibillion-dollar LNG, petrochemical plans

It’s also reviewing an earlier decision to buy 25 per cent of Sempra Energy’s Texas LNG terminal

Abu Dhabi’s ADNOC, Apollo-led consortium enter into $5.5bn investment partnership

The transaction will result in upfront proceeds of $2.7bn to ADNOC and is expected to close before end of 2020, subject to closing conditions and regulatory approvals

Saudi Aramco discovers two oil, gas fields in north of kingdom

Aramco said it will drill more wells to evaluate how much energy the fields hold

Oil holds at five-month high as hurricane nears US Gulf Coast

Oil prices will probably continue to rise as excess inventories are used up