 |
Market re-balances at faster rate in H2: OpecThe oil market will need more crude from Libya and Nigeria as it re-balances at a faster rate in the second half of the year after a slow start, Opec secretary-general Mohammad Barkindo said Sunday. Compliance with production cuts by members of Opec is "excellent," Bark More… |
 |
Developers 'eyeing ME renewable energy market'With the cost disparity between solar and conventional electricity generation fast disappearing, several leading power plant developers are eyeing the Middle East renewable energy market in order to boost growth, said an expert. Economic and environmental sustainability has More… |
 |
Mena plans $200bn investment in renewable sectorThe Middle East and North Africa (Mena) region is embarking on a massive programme to develop renewable energy, that will require more than $200 billion in investment, a report said. More than 67GW of clean energy projects at various stages of the design and study stage, accordin More… |
 |
Adnoc in strategic Asia partnership talksThe Abu Dhabi National Oil Company (Adnoc) has started talks with potential Asian partners on new partnership and co-investment opportunities and active management of its portfolio of assets, said a report. Adnoc’s new initiative builds on its flexible operating model and i More… |
 |
UAE fund to build power plant in GuineaAbu Dhabi Fund for Development (ADFD), a leading national entity in development aid, is set to construct the National Dispatch Centre in the west African nation of Guinea at an estimated cost of Dh66 million ($18 million). The centre will bolster energy control efforts, hel More… |
 |
Opec oil ministers set for crucial Russia meetingOil ministers of Organization of the Petroleum Exporting Countries (Opec) will be meeting their counterparts from the non-Opec countries in Saint Petersburg in Russia on tomorrow to assess conformity with a recent output cut resolution, said the Emirati news agency Wam, citing Kuwait's oil More… |
 |
Siemens JV wins big Indonesia power plant orderGerman engineering company Siemens said its joint venture with Spain's Gamesa has won an order to supply 20 gearless SWT-3.6-130 wind turbines for an onshore wind power plant projet in Indonesia. The ‘Tolo 1’ onshore wind project is being developed by Equis More… |
 |
Utico signs 10-year purchase deal with FewaUAE-based Utico, the Middle East’s largest private utility, has signed a 10-year agreement with the Federal Water and Electricity Authority (Fewa) to serve the Northern Emirates, under a world’s first purchase contract model, a report said. The agreement which a More… |
 |
Himoinsa develops new control units for gas-powered gensetsSpain-based Himoinsa, a global corporation that designs, manufactures and distributes power generation equipment worldwide, has developed new control units for gas powered generator sets. The new controllers have been programmed with a special start-up and stop sequence to ensure More… |
 |
MOL partners with Evonik, thyssenkrupp for propylene oxideHungary-based MOL Group, an integrated, international oil and gas company, has signed license agreements with Evonik and thyssenkrupp, enabling it to produce propylene oxide, a key component for the production of polyether polyols. Germany’s Evonik is one of the world leade More… |
