Environment & Energy | Thursday 21 February, 2019 2:48 am

Oil market may balance by April: Falih

Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said on Wednesday he hoped the oil market would be balanced by April and that there would be no gap in supplies due to US sanctions on OPEC members Iran and Venezuela. “We hope by April the market will be in balance,” ...

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Environment & Energy | Thursday 21 February, 2019 2:15 am

MHPS Is Global Market Share Leader in 2018 for Heavy Duty Gas Turbines

Mitsubishi Hitachi Power Systems (MHPS) has achieved a major milestone in the global Power Generation sector, securing 2018 market share leadership in global orders for heavy duty gas turbines (100 MW and above). The result is based on data compiled by McCoy Reports, the premier reporting agency in ...

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Environment & Energy | Wednesday 20 February, 2019 3:06 pm

ENOC Group and Indian Oil Corporation partner to broaden global marine offerings and tackle industry challenges

ENOC Group has announced a strategic alliance with Indian Oil Company (IOC), the largest commercial oil and gas company in India worth US$63 billion, in a joint effort to expand its global footprint while building on IOC’s R&D infrastructure to mitigate future manufacturing...

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Environment & Energy | Wednesday 20 February, 2019 2:00 pm

ADNOC Assigned AA+ Standalone and AA Long-Term Issuer Default Credit Rating by Fitch

The Abu Dhabi National Oil Company (ADNOC) announced today that Fitch Ratings (Fitch) has assigned ADNOC Group a standalone credit rating of AA+. The rating, according to Fitch, highlights the company's high upstream output and significant reserves, strong profitability, commercially-focused...

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Environment & Energy | Tuesday 19 February, 2019 11:26 am

GE Provides Advanced Gas Turbine & Services for Iraq’s Al Qudus Power Plant

Delivering on its commitment to support the development of Iraq’s energy infrastructure, GE Power (NYSE: GE) provided an advanced 9E gas turbine to the Ministry of Electricity’s (MoE) Al Qudus Power Plant. GE will also service up to seven GE 9E gas turbines at the facility throughout...

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Environment & Energy | Monday 18 February, 2019 3:00 am

Emirates Green Building Council and International Living Future Institute Sign Mou

In a move that will further advocate for decarbonising the built environments in the United Arab Emirates, the Emirates Green Building Council (EmiratesGBC), an independent forum aimed at conserving the environment by strengthening and promoting green building practices, signed a memorandum of...

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Environment & Energy | Sunday 17 February, 2019 4:40 pm

Jazan Water launches second phase of Bish dam purification plant

The General Directorate for Water Services in Jazan region announced the launching of the second phase of the water purification plant of Bish dam, with a daily capacity of 20,000m3as part of the water distribution sector’s programs to enhance supply in the region.   Eng Bandar...

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Environment & Energy | Friday 15 February, 2019 2:49 pm

Aramco, Total invest in high-quality retail fuel network in KSA

Saudi Aramco and Total today signed an agreement to develop a network of retail fuel service stations in Saudi Arabia. The 50:50 joint venture (JV) plans to invest around $1 billion over the next 6 years in the Saudi retail fuel market to provide motorists with premium fuels and retail services in...

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Environment & Energy | Thursday 14 February, 2019 2:22 am

OPEC squeezes oil output to 4-year low

OPEC production fell to a four-year low in January as it applied a new pact to boost global oil prices, the International Energy Agency said Wednesday, but Russia and other ex-Soviet states failed to cut back output as much as promised. The Paris-based organization said that OPEC crude output...

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Environment & Energy | Tuesday 12 February, 2019 3:18 pm

Region’s Smart Grid Market to Reach US$ 1.68 Billion in Value by 2026

SMART GRIDS COULD SAVE GCC BILLIONS IN INFRASTRUCTURE INVESTMENT BY 2020, SAYS MIDDLE EAST ELECTRICITY REPORT  The GCC could save up to US$ 10 billion in infrastructural investment in the coming year through the use of smart grids, according to the MENA Power Industry Outlook. The...

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