Saturday 11 July 2020

Taqa announces financial closing of $1.14bn gas-fired power plant

Abu Dhabi National Energy Company (Taqa) announced on Tuesday the successful financial closing of the largest gas-fired power plant in the UAE.    The AED4.2 billion ($1.14 billion) Fujairah F3 Independent Power Producer (IPP) project will have a power gene


Cortec’s BioPad earns USDA Certified Biobased content label

BioPad  became yet another name in a long line of Cortec corrosion solutions to become a USDA Certified Biobased Product.    BioPad  is now able to display a unique USDA label that highlights its percentage of biobased content. This is the portion


Qatar begins ICV evaluation in energy sector tenders

Qatar Petroleum has commenced an In-Country Value (ICV) evaluation in the energy sector tenders through “Tawteen”, the localisation programme for services and industries in Qatar’s energy sector. The ICV program will alter the way in which the procurement proces


ADGM, Irena in deal to promote sustainable finance

Abu Dhabi Global Market (ADGM) said it has signed a MoU with the International Renewable Energy Agency (Irena) to boost co-operation in promoting sustainable finance across the UAE and the wider region.   As per the agreement, the duo will be committed to engage


RAK Municipality makes significant utility savings in 2019

Ras Al Khaimah Municipality has reported significant progress in energy efficiency, netting concrete savings of 7 GWh of electricity, 109 million gallons of water and 423 GWh thermal of direct fuel savings in 2019, said a report.    Apart from these energy


EU to invest €1bn in clean technology projects

The European Commission recently launched the first call for proposals under the Innovation Fund, which will provide grant funding of €1 billion to large-scale projects for clean technologies to help them overcome the risks linked to commercialisation and large-scale demonstration.


EnerMech strengthens leadership team

EnerMech has strengthened its senior leadership team with the appointment of Behzad Kazerani as Chief Business Development Officer.   Behzad will be responsible for the company’s global business development function, overseeing an expanded BD team which wi


ABB, Yinson team up for offshore project in Brazil

ABB has signed an agreement with energy solutions provider Yinson for electrical, control and telecommunication equipment and services onboard the FPSO Anna Nery bound for the Marlim 2 oil field in Campos Basin, Brazil.   Yinson secured the contract to convert t


IOC Mideast plans JV for LPG business in Bangladesh

Dubai’s IOC Middle East, a wholly-owned subsidiary of Indian Oil Corporation, and Ras Al Khaimah-based RR Holdings, the holding company of Beximco LPG of Bangladesh, have signed an agreement for the formation of a 50:50 joint venture company (JVC) for LPG business in Bangladesh.


Tethys Oil signs new exploration block onshore Oman

Tethys Oil, a Swedish energy company focused on exploration and production of oil, said that it has entered into an Exploration and Production Sharing Agreement (EPSA) with the Government of Oman for Block 58 onshore Oman. The block is located in the southern part of the Sultanat

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