#energy

ADNOC CTO calls for digital transformation in energy sector

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

How should people best manage their time and energy

A big part of reinventing yourself is ensuring that you wake up early and eat right

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

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 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

Kuwait’s state oil company picks adviser to merge units

KPC is reportedly planning to combine its eight business units into four to streamline operations

Saudi Aramco suspends $10bn China oil refinery venture

The oil-price crash and the virus’s impact on energy demand have changed the calculations for energy companies’ projects

Barakah Nuclear Power UAE

UAE’s Barakah nuclear power plant connects to the national grid

The four units at Barakah will generate up to 25 per cent of the UAE’s electricity demand

ADNOC Ruwais

ADNOC invests $3.5bn to upgrade Ruwais refining capability

Upon completion in mid-2022, the upgrade will allow ADNOC to process up to 420,000 bpsd of heavier and sourer grades of crude oil in Ruwais

How digitisation will help the oil and gas industry

Deploying technological tools will help regional oil and gas operators improve worker health and safety and innovate to find new solutions

ADNOC Distribution

ADNOC Distribution net profit dips 22.4% in H1 2020

Its revenue for H1 2020 stood at Dhs7.95bn, down 22.6 per cent from Dhs10.27bn year-on-year

Oil giant Saudi Aramco plans huge spending cuts for 2021

Saudi Aramco may keep capex, most of which is spent on exploration and production, at a similar level until at least 2023

Oil giant Aramco sticks with dividend even as profit crashes

Aramco will pay a dividend of $18.75bn for the quarter

china oman

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

China’s state-owned oil giant is reportedly conducting advanced discussions with BP for a 10 per cent stake in the Khazzan natural gas field

barakah nuclear energy uae

UAE begins nuclear energy production at Barakah plant

The UAE is the first Arab country, and the 33rd nation globally, to produce nuclear energy

Oil prices

Saudis seen cutting oil price for first time in four months

OPEC and allied producers have started to ease output curbs amid weakening demand

UAE announces fuel prices for August 2020

Petrol prices will stay the same for the fifth consecutive month

Barakah plant Units 1 and 2 low res copy

UAE’s ENEC completes construction of second unit of Barakah nuclear energy plant

Located in Al Dhafrah, the Barakah plant is one of the largest nuclear energy new build projects in the world

Energy innovation spend needs to triple by 2030 to hit climate goals

As much as 60 billion tons of emissions, about twice what the world spewed out in 2019, could be prevented if money is spent in these new markets

GCC heading for hotel supply glut

How can GCC countries turn economic diversification into a reality

In the wake of the Covid-19 pandemic and plummeting oil prices, GCC governments must reconsider their approaches to build diversified economies

ENOC Group

Dubai-owned ENOC Group records increase in storage demand across facilities globally

ENOC Group owns and operates ten terminals with a total combined storage capacity of 6.6 million cubic metres across 346 tanks

Oil holds near $42 while investors weigh demand against virus

Brent futures for August settlement gained 3 cents to $42.22 a barrel on the ICE Futures Europe exchange as of 12.03pm in Singapore

Saudi oil minister sees ‘encouraging signs’ of demand recovery

Prince Abdulaziz said the next two weeks will be “critical” for OPEC+ to demonstrate all countries are adhering to agreed production cuts

Second wave virus concerns loom large over crude oil market

While oil has rebounded rapidly since April as OPEC+ production cuts kicked in and US output fell, the rally fizzled last week

Oil falls for a third day with second-wave virus risks in focus

Futures in New York fell below $35 a barrel after losing 8.3 per cent last week

Abu Dhabi City United Arab Emirates

Abu Dhabi follows Saudis in raising crude prices amid OPEC+ cuts

Murban for March sold at a $1.88 premium over the regional benchmark before plunging to discounts. For July, it will sell at a $1 premium

Saudi Arabia to end extra voluntary oil cuts after June

Brent crude, the international benchmark, fell 2.5 per cent to $41.23 a barrel at 4.29pm in London, erasing earlier gains

Clean energy now accounts for 9% of Dubai’s total output

The total installed capacity is 11,700MW of electricity

OPEC+ set to discuss short extension of oil production cuts

Production cuts are meant to be eased to about 7.7 million barrels a day in July