Saturday 25 May 2019

Abdul Latif Jameel Energy buys stake in Bahrain plant

Abdul Latif Jameel Energy, a key developer of utility-scale renewable energy projects, said one of its units - Almar Water Solutions - has signed a deal with UAE-based Mubadala Infrastructure Partner to acquire a major stake in Muharraq STP Company, Bahrain. Almar Water Solutions is a


Two Saudi tankers among vessels attacked near Fujairah

Two Saudi oil tankers were among vessels targeted by a "sabotage attack" off the coast of Fujairah in the UAE, Saudi Arabia has said.   Energy, Industry and Mineral Resources Minister Khalid Al-Falih also confirmed that at 6am yesterday (May 12), two S


McDermott awarded offshore contract by Adnoc

US-based McDermott International has been awarded a contract by Adnoc to provide front end engineering design (FEED) services on a design-competition basis for Phase One of the Umm Shaif Gas Cap Condensate Development Project. The scope of work also includes the preparation and s


Adnoc Distribution to build 75 new stations in Dubai by 2024

Adnoc Distribution, the UAE's largest fuel and convenience retailer, is planning to expand its facilities and investment services around the UAE, especially in Dubai, which currently serves only four stations, said its acting CEO Saeed Mubarak Al Rashdi. The company, a unit o


Siemens' spin-off move 'due to poor conventional power business'

Siemens’ latest decision to spin off its struggling energy division and merge it with separately-listed wind turbine supplier Siemens Gamesa Renewable Energy (SGRE) and a similar reorganization announced by GE last year are indicators to the continuing nature of trouble for companies with


Sewa kicks off operations at two new power stations

Sharjah Electricity and Water Authority (Sewa) has announced the completion and operation of two new 33/11-kV power distribution stations, at Al Saf 2 in Kalba city and University District. It also announced a number of maintenance and network development projects to provide


Siemens set to spin off power, gas units, mulls 2020 listing

German engineering giant Siemens plans to spin off its struggling gas and power unit to prepare it for a potential stock market listing next year. Meanwhile, Siemens will also cut over 10,000 jobs at its core divisions in a sweeping overhaul, reported Bloomberg.  


Mena renewable capacity growth accelerates in 2018: IEA

Renewable capacity expansion accelerated during 2018 in many emerging economies and developing countries in the Mena region and parts of Asia, led by wind and solar photovoltaic (PV) as a result of rapid cost declines, said the International Energy Agency (IEA) in a new report. G


McDermott wins FEED contract by Adnoc Refining

US-based McDermott International said it has been awarded a sizeable contract by Adnoc Refining to provide front-end engineering design (FEED) services for the Refinery Offgases (ROG) project at the Ruwais Refinery in Abu Dhabi, UAE. The scope of work in the concept study phase i


Taqa records $1.17bn of revenue in Q1

Abu Dhabi National Energy Company (Taqa), a leading global energy company headquartered in Abu Dhabi with operations in 11 countries, has posted Dh4.3 billion ($1.17 billion) of revenue in the first quarter of the year. The company reported Dh2.4 billion in EBITDA, an increase of

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