Thursday 21 June 2018

UL-GCC Lab joint venture wins top award

Gulf Renewables Lab, a UL-GCC joint venture based in Dammam, Saudi Arabia, has received a special award for its innovative and forward-thinking initiatives. The joint venture was commended due to its direct alignment to the Saudi Vision 2030 strategy to diversify its economy and


Opec set to achieve stable oil market, says UAE minister

The Organisation of Petroleum Exporting Countries (Opec) remains optimistic in fulfilling its goal of delivering sustainable oil market stability, thanks to its co-operation with its key partners, said the UAE Minister of Energy and Industry,   Suhail bin Mohamm


Egypt to halt LNG imports by month-end

Egypt plans to stop importing liquefied natural gas (LNG) by the end of the 2017/18 fiscal year ending in June as it speeds up production at recently discovered gas fields, a media report said. Egypt said previously that it would halt imports by the start of 2019, reported Emirat


Building Energy backs Africa Energy Forum

Italy-based Building Energy, a multinational company operating as a globally integrated Independent Power Producer (IPP) in the Renewable Energy Industry, will take part as a sponsor in the 20th annual Africa Energy Forum (AEF). This is the global investment meeting for Africa&rs


Dewa commissions 15 substations worth $471m

Dubai Electricity and Water Authority (Dewa) has commissioned 15 132/11 kV substations as of May 20 at a total cost of Dh1.73 billion ($471 million), supporting the ambitious national development plans. The substations are located in Salal, Saih Al Shuaib, Expo 2020, Warsan 1, Sh


Acwa Power named preferred bidder for UAE IWP

A consortium led by Saudi-based Acwa Power and Tecton Engineering and Construction has emerged as the preferred bidder for a 45 million  gallons per day independent sea water reverse osmosis (SWRO) desalination water project in the UAE emirate of Umm Al Quwain.  &n


Opec members to decide on raising oil production

Members of the Organisation of the Petroleum Exporting Countries (Opec) will meet in Vienna this week to decide on whether to end its production freeze, a market expert has revealed. The group may be considering lifting the cap altogether, said David Madden market analyst at CMC


Azelio unveils new tech for low-cost solar energy storage

Swedish solar company Azelio recently launched a demonstrator of its unique technology for solar energy storage. The technology is revolutionising in its ability to generate clean electricity on demand around-the-clock in a distributed way. It has modularity benefits and is more


Saudi Arabia, Russia agree to extend Opec+ deal

Russia and Saudi Arabia have agreed a termless extension of the Opec+ deal at the Moscow meeting, stated Russia’s energy minister as saying on Saturday, adding that the agreement stipulates output regulation at any moment, a media report said. "I would like to point ou


Total extends Algeria gas exploration contract

French oil major Total and Algeria’s Sonatrach, Repsol and Alnaft have signed a new concession contract for a period of 25 years to extend the exploitation of the Tin Fouyé Tabankort (TFT) gas and condensate field.  This new contract, which will become effective

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