Schneider offers free learning for universities and engineers

Schneider has launched Electric, a leader in digital transformation company for energy management and automation, free education portal and online students and teachers to help engineers and business owners to learn more information about energy management.   

Dana Gas to conduct feasibility study for demerger

UAE-based Dana Gas, a top natural gas company, said it would pursue a feasibility study for a potential demerger of its Upstream Business into a new company, which, as part of the demerger, will also be listed on the Abu Dhabi Stock Exchange (ADX). Currently, the company owns ups

Brent futures hit 18-year low at $22 per barrel

Brent oil futures with delivery in June 2020 dropped by 12.72 per cent to $21.76 a barrel on the London-based ICE on Monday, Russian news agency Tass reported. The last time Brent oil futures were below the level of $22 a barrel in March 2002. WTI futures

New sustainability reporting guidance for oil industry

The new edition of the Sustainability Reporting Guidance for the oil and gas industry has been released by IPIECA, the American Petroleum Institute (API), and the International Association of Oil & Gas Producers (IOGP).   The edition marks over 15 years of c

Lootah BCGas offers $4m Covid-19 support programme

Lootah BCGas, a subsidiary of S S Lootah Group, a leading provider of gas utility and infrastructure services in the UAE, has announced a Covid-19 support programme worth Dh15 million ($4.08 million) in cooperation with Dubai Chamber of Commerce and Industry.   

OMV, Mubadala amend Borealis share buy deal

RAK Petroleum postpones release of 2019 results

Oslo-listed RAK Petroleum,  a leading oil and gas investment company, said that it will delay the publication of its 2019 annual report and accounts, which were scheduled to be released on March 31. The release has been postponed to a date that will be determined as soon as

Shaker Group's revenue for 2019 surges 14pc to $234m

Al Hassan Ghazi Ibrahim Shaker Company, a leading Saudi manufacturer and distributor of air-conditioners and home appliances, has registered a full-year revenue of SR882.8 million ($234.2 million) for 2019, up 14.1 per cent over the previous year. Announcing its financial results

Unique Group inks rental deal with UK offshore company

Leading integrated subsea and offshore solutions provider Unique Group, has signed an exclusive rental agreement with UK-based Otaq Offshore to represent the latter’s technology and products across the Middle East, Asia-Pacific (APAC) and the Americas region.   Otaq Gr

UAE playing vital role in reducing CO2 footprint, says minister

Guided by its leadership's forward-looking vision, the UAE is playing an increasingly prominent role in reducing the carbon footprint and realising sustainable development, said Suhail bin Mohammed Faraj Al Mazrouei, Minister of Energy and Industry, in a statement on the occasion of Earth