#energy

Dubai Electricity

Dubai’s DEWA slashes water and electricity surcharges

The reductions will be applied on electricity and water bills from December 1, 2020

Mohammed bin Rashid Al Maktoum Solar Park

Dubai’s Mohammed bin Rashid Al Maktoum Solar Park to have world’s largest energy storage capacity

The fourth phase will be operational in stages starting from Q3 2021

Dubai’s Al Ghurair Group partners with SirajPower for solar power projects

SirajPower to install a 1.8 MWp solar rooftop plant at Gulf Extrusions factory

Mapping the future for energy trading organisations

A global health emergency and collapse in crude oil prices have ratcheted up the pressure to address the sector’s critical challenges: efficiency, agility and growth

Abu Dhabi to start trading crude futures from March

Murban crude, pumped from onshore fields, comprises more than half of the country’s output

Technology

Abu-Dhabi’s G42 signs agreement with AIQ and Schlumberger for AI solutions in oil and gas industry

AIQ data scientists will develop AI modelling and supercomputing solutions using Schlumberger’s open cloud-based software platforms

DEWA

DEWA opened 20 electricity substations in Dubai this year at a cost of Dhs2.6bn

DEWA’s total investments in power transmission has reached Dhs11.2bn

Saudi Aramco maintains dividend despite 45% slump in profit

Income still increased for the first time in five quarters as oil prices steadied

Dubai’s Alcazar Energy weighs sale, green bond as part of review

The company had begun reviewing its options at the start of the year

UAE-Japan

Japan imports nearly a third of its crude oil in September from the UAE

Japan imported a total of 64.212 million barrels of crude from around the world in September

Mohammed bin Rashid Al Maktoum Solar Park

Ducab HV secures cabling contract for MBR Solar Park in Dubai

The Phase 5 Project of the MBR Solar Park requires the use of approximately 275km of cable

Tabreed

UAE’s Tabreed issues new $500m 7-year bond

The bond has been rated Baa3 by Moody’s and BBB by Fitch

Top 10 countries with the world’s largest oil reserves

The oil market has been hit hard in 2020, with prices plummeting to record lows

Abu dhabi global market

ICE to launch trading in Murban futures contracts in Abu Dhabi in Q1 2021

ICE had announced plans in November last year to launch the platform in partnership with ADNOC

Tabreed

UAE’s Tabreed to issue $1bn bonds

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

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

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