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Saudi Maritime Congress Discusses Future of Energy to Reach Zero Carbon in Maritime Sector…

The most prominent maritime and logistics event in Saudi Arabia will lead discussions on the industry's changing landscape  Dammam, Saudi Arabia – 12th September 2022: Saudi Maritime Congress will reinforce industry leaders’ commitment to achieving climate neutrality and discuss its impact on global supply chains, with the aim of creating a sustainable and safe environment in the maritime sector. Scheduled to take place in Dammam on September 28-29, 2022, industry leaders will come together to discuss the key challenges and opportunities. As the leading maritime and logistics event in Saudi Arabia, the conference will witness a number of discussion sessions that will bring together decision-makers from private companies and government bodies from around the world. The aim is to focus on accelerating the ......read more

LG Electronics Honored by U.S. EPA as 2022 Energy Star Partner of the Year…

Recognized for ‘Sustained Excellence’ in Environmental Sustainability,  LG Also Wins EPA’s Emerging Technology Award Jeddah, July 4, 2022 – LG Electronics has been named 2022 ENERGY STAR® Partner of the Year-Sustained Excellence by the U.S. Environmental Protection Agency (EPA). This prestigious honor, a distinction LG has received nine times since 2012, recognizes the company’s exemplary commitment to protecting the environment through leadership in ENERGY STAR certified products and promotions. In addition to the Partner of the Year Award, LG received the ENERGY STAR Emerging Technology Award two months ago with the EPA honoring 43 LG refrigerator-freezer models, more than any other brand. The award-winning models feature advanced adaptive compressors and use R-600a, a refrigerant with very ......read more

Future Buildings Key to Transform Energy Sector…

Jeddah: Future buildings – that use new technologies to enable economical use of resources and create healthy spaces - have become a fast-growing trend around the world. This is especially due to increasing focus on climate change and its repercussions, resulting in an urgent need to create sustainable, safe and comfortable buildings. These buildings of the future represent a key transformation in the energy sector, and the beginning of working towards a net-zero carbon world. In traditional buildings, data, building technologies, and even basic building devices such as HVAC-R and security systems operate in isolation. In smart buildings, these are all linked together, with the help of emerging technologies such as artificial intelligence and IoT, maintaining an efficient and a comfortable environment for its occupants. As ......read more

ADNOC Distribution Shareholders Approve H2 2021 Dividend at Annual General Assembly Meeting…

H2 2021 Dividend of AED 1.285 billion (10.285 fils per share), bringing 2021 total dividend to AED 2.57 billion (20.57 fils per share) Company reaffirms its commitment to maintaining its growth momentum, with plan to deliver 60-80 new stations in 2022, including 20-30 in the UAE and 40-50 in international markets Positive growth outlook and earnings momentum in both fuel and non-fuel businesses to accelerate in 2022 and beyond Company remains on track to deliver minimum of $1bn EBITDA by 2023 Attractive dividend policy set to continue with a minimum of AED 2.57 billion dividend for 2022 and yearly dividend equal to at least 75% of distributable profits from 2023 onwards March 25, 2021: ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, delivered a confident, ......read more

Schneider Electric's Electric Vehicle Charger “EVlink Smart Wallbox” Receives SASO Certification to Mark Compliance with Industry-Leading Standards…

Riyadh, Saudi Arabia, 22 March 2022: Schneider Electric announced today that it has received a certificate of approval for its EVlink Smart Wallbox charging stations from the Saudi Standards, Metrology and Quality Organization (SASO), highlighting the company’s commitment towards Saudi Arabia’s vision to leverage Electric Vehicles (EV) to cut vehicle emissions.  Schneider Electric’s reliable and durable EVlink Smart Wallbox charging stations increase energy efficiency while optimizing electrical costs with smart features that provide added convenience and an enhanced charging experience for both the station owners and drivers.  Mohamed Shaheen, Cluster President for KSA & Yemen at Schneider Electric commented: “The electrification of transportation will play a critical role in Saudi ......read more

HRH Saudi Minister of Energy, the President of the Republic of Azerbaijan and ACWA Power Break Ground on SAR 1.1 billion Wind Project…

the first and largest foreign investment in Azerbaijan’s renewable power sector 14, January 2022: The Azerbaijani Ministry of Energy and ACWA Power held a groundbreaking ceremony for the 240 MW wind power plant with an investment value of SAR 1.125 billion (US$300 million), following the signing of power purchase, investment and transfer agreements according to an independent power generation project model. The ceremony was attended by His Excellency President Ilham Aliyev, President of the Republic of Azerbaijan, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy of Saudi Arabia, His Excellency Mr. Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, Mr. Balababa Rzayev, President of “Azerishiq OJSC” and Mr. Mohammad Abunayyan, Chairman of ACWA Power, along with ......read more

SFD Highlights its Leading Role in Global Renewable Energy Initiatives in Conjunction with the Middle East Green Initiative Summit…

• SFD renewable energy projects in 9 Asian and African countries produce 42,000 megawatts of sustainable and clean energy • SFD has established over 8,800 water facilities in 18 African countries using solar energy to pump water to 4.5 million people • SFD has supported the development of 11 hydroelectric dams converting hydropower into a source of clean energy   October 30, 2021:  In line with the Middle East Green Initiative Summit taking place in Riyadh, and as part of Saudi Arabia’s roadmap for protecting the environment and confronting climate change under the Saudi Green Initiative, the Saudi Fund for Development (SFD) has already established itself as a leading player supporting clean energy initiatives in developing nations.    One of the SFD’s strategic aims ......read more

ENOC Group's Terminals Operations Further Expands into the Kingdom of Saudi Arabia…

• ENOC’s Horizon Terminals Limited and Rotary Arabia complete infrastructure development critical to petrochemical transportation in KSA’s Western Province • Project involves four new pipelines from Farabi Petrochemicals Company’s new Yanbu complex to Arabtank Terminal Limited’s storage tanks, a revamp of four existing storage tanks and two new pipelines to King Fahad Port in Yanbu      Dubai, UAE - April 22, 2021:  ENOC Group in partnership with Rotary Arabia, one of the premier EPC contractors in Saudi Arabia, completed the building of vital pipeline and tank infrastructure to transport and store petrochemicals in the Kingdom’s Western Province.   The infrastructure development between Horizon Terminals Limited (HTL), ENOC’s terminals arm, and ......read more

Siemens Energy Signs Long-term Service Contract With Aramco to Ensure Power Supply at Key Oilfields…

• 15-year LTSA covers power supply at four major oilfields • Ensures lower emissions, improved reliability, and efficiency • Develops local economy with training and jobs   March 31, 2021:   Siemens Energy has signed its first long-term service agreement (LTSA) with Aramco, covering a range of turbines and generators at four major oil fields. This contract is expected to enable Aramco to improve reliability, efficiency, and availability of power supply, thereby safeguarding oil and gas production.    This 15-year contract will enable Aramco to benefit from Siemens Energy’s comprehensive warranties and extended service support, increasing the availability and the reliability of the power supply for these strategically important assets. Furthermore, Siemens Energy will ensure ......read more

SWCC Sets a New Guinness World Records™ Title for Lowest Energy Consumption for a Water Desalination Plant…

Riyadh, Saudi Arabia, 25 March 2021:  The Saudi Water Conversion Corporation (SWCC) has set a new Guinness World Records™ title for Lowest energy consumption for a water desalination plant with 2.27 kW/h per cubic meter of desalinated water. This new achievement is the latest of several records and milestones that SWCC has reached which further strengthened its global standing as a leader in the desalination industry, as it moves forward to accomplish the objectives of the Kingdom’s long-term Vision 2030 strategy by utilizing local content and expertise in all its current and future expansion projects.   SWCC has been investing in its engineering and research expertise to further drive design innovation, and to supply high-efficiency, low-energy consuming and flexible desalination plants, by utilizing ......read more

Siemens Energy Compressors to Help Saudi Aramco Enhance Production of Major O&G Field…

• Siemens Energy to supply 21 high-efficiency compressor trains for expanding Marjan oil and gas field in the Kingdom of Saudi Arabia (KSA).  • The project reinforces commitment to society and Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program.   Saudi - February 09, 2021:  Siemens Energy was selected to supply new electric motor driven compressors for Saudi Aramco’s Tanajib  Plant facilities. The company received the order from the Spanish engineering and construction company, Técnicas Reunidas, who was awarded the engineering, procurement, and construction (EPC) contract for the Marjan Onshore Packages 9 and 11 project last year.    Siemens Energy will supply a total of 21 compressor trains for the project. They will be used in several gas treatment plant ......read more

IRENA's World Energy Transition Day Kick-Starts Crucial Assembly Meeting…

Agency’s 11th Assembly brings almost 2000 participants including 70 Ministers together virtually to set the course for a year of critical energy discussions 19 January 2021 – The International Renewable Energy Agency’s (IRENA) Eleventh Assembly started today (Monday) and takes place virtually setting the course for a critical year of global commitments to low-carbon development. With the postponed COP26 set to take place later this year, 2021 is seen as an important moment for countries to raise climate mitigation ambition including renewable energy deployment, to align economic recovery efforts with the goals of the Paris Agreement.   “The COVID-19 pandemic defined 2020,” said Francesco La Camera, IRENA Director-General. “However, as countries look to recover from the devastating ......read more

Schneider Electric Unveils New Sustainable Energy Products at CES 2021…

• Schneider Electric unveils new sustainable energy products at CES 2021, focuses beyond smart to resilient and sustainable Homes • The leader in digital transformation of energy management evolves smart home technology to focus on efficiency, resilience and sustainability • New solutions bring enhanced safety and control while delivering sustainable energy management choices directly to homeowners   13 January 2021:  Schneider Electric, the leader in the digital transformation of energy management and automation, today announced at CES 2021 the expansion of their Wiser smart home ecosystem, furthering discussion around the Smart and Sustainable Home. The Wiser range marks a significant step forward to create affordable, sustainable, energy efficient, resilient and personalized ......read more

WCU: Saudis Talk Up Oil; Strong Grain Momentum Continues…

September 20, 2020:  The Bloomberg Commodity Index, which tracks a basket of major commodities spread evenly across energy, metals and agriculture, traded higher for the first time in three weeks. A softer dollar, continued buying momentum among major U.S. crop futures and a Saudi-fueled bounce in oil products, together with Chinese economic optimism all helped support a week of broad-based gains across all three sectors. Gold traded quite passively with ‘algo’ traders currently in charge, something that for now has resulted in an unusually high positive correlation with the movements in the S&P 500 index.  Crude oil and fuel products led from the front as the sector recovered from the recent correction. The OPEC+ meeting saw a strong attack from the Saudi oil minister on members cheating on quotas and ......read more

Siemens Compressors Selected for Gas Reservoir Storage Project with Saudi Aramco…

• Siemens Energy to supply 20 compressor trains for a critical gas project in the Kingdom of Saudi Arabia (KSA) • The project will enable the operator to manage its surplus gas volumes efficiently to meet seasonal demands     July 29, 2020:  Siemens Energy was selected to provide centrifugal compressor systems for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage (HUGRS) project. The plant includes a gas injection facility with a capacity of 1,500 million standard cubic feet per day (MMSCFD) (42,475,270 cubic meters per day, or m3/d) and a withdrawal facility capable of processing up to 2,000 MMSCFD (56,633,693 m3/d) of gas.    Siemens Energy received the order from Samsung Engineering, who was awarded the engineering, procurement, and construction (EPC) contract for the ......read more

Honeywell Announces Opening of Gas Detector Factory in Saudi Arabia…

• New facility will form part of Honeywell’s alignment to Saudi Vision 2030 and localization commitments, supporting economic diversification • Honeywell becomes the first international company to produce industrial gas detectors in Saudi Arabia     June 02, 2020 - Honeywell (NYSE: HON), a global technology leader, has today announced it will open a new facility for the production of gas detection devices in Saudi Arabia. The factory underscores Honeywell’s commitment to the In-Kingdom Total Value Add (IKTVA) program.   Established to accelerate Saudization, IKTVA’s aim is to achieve 70% localization of production and jobs by 2021 and act as a key enabler of Saudi Vision 2030. The new “Made in the Kingdom” Honeywell factory will support IKTVA’s localization ......read more

Saudi Arabia's Renewable-Focused Future to Boost Local Manufacturing'…

Power sector investor ENGIE Saudi Arabia says Kingdom’s renewables drive will boost economic diversification and result in job creation Kingdom’s Public/Private Renewables Investment Forecast to Climb to US $30bn by 2025 Middle East Energy’s Renewables Conference to probe Kingdom’s green investment potential Dubai, UAE: 18 February 2020: Saudi Arabia’s ambitious plans for a renewable-focused future will unearth a flurry of private sector investment and local manufacturing job creation opportunities, according to a leading regional power sector investor. Turki Al Shehri; CEO of ENGIE Saudi Arabia, the industrial investor in the integrated water power plant (IWPP) sector, says the Kingdom’s renewables drive will significantly boost its economic diversification programme and see public and ......read more

Schneider Electric Solar and Qbera Capital Announce a Strategic Alliance to Provide Solar Energy in Sub Saharan Africa…

• The Qbera-Schneider Electric Solar alliance brings together the financing and technology needed to provide access to energy in Sub Saharan Africa • Improving access to energy in Sab Saharan Africa is critical for UN Sustainable Development Goals (SDG) 7  • The first round of projects of 15 MW will be rolled out across in Mali, Ghana and Burkina Faso     Dubai, United Arab Emirates, February 01, 2020:   Schneider Electric Solar Spain S.A., the Spanish entity of the Schneider Electric solar business division, has entered into a strategic alliance with Qbera Capital LLP, a leading asset management & independent advisory firm, to further support solar energy growth across selected frontier & emerging markets.      The Qbera-Schneider Electric Solar ......read more

Saudi Arabia's TAQA & AlMansoori Petroleum Services Announces new agreement to penetrate the Hydraulic Fracturing market in KSA…

The leading regional oil field services and equipment players are building further strength through collaboration in addressing the challenging & growing Hydraulic Fracturing market.     Dubai, United Arab Emirates, January 14, 2020:    Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced today the signing of an agreement with AlMansoori Petroleum Services (AMPS). The announcement was made at the opening of this year’s International Petroleum Technology Conference (IPTC), taking place for the first time in the Kingdom of Saudi Arabia.   The agreement establishes an alliance between TAQA and UAE-based AlMansoori Petroleum Services to provide high-end fully-integrated fracturing and stimulation solutions, through combination of both companies’ respective ......read more

Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certification…

Tabreed first district cooling company in the region to receive ISO 50001:2018 certification   September 10, 2019:   National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based district cooling developer, has received the International Organization for Standardization (ISO) 50001:2018 certification for the successful implementation of its Energy Management System. Tabreed is the first district cooling company in the region to have been certified under the revised version (2018) of the ISO 50001 standard.   Tabreed’s Energy Management System, developed in accordance with its operational excellence and due focus on  energy efficiency requirements across all its 75 plants in the region, has enabled the company to receive the ISO 50001 certification. This ISO standard is based upon ......read more

Saudi Arabia's Ministry of Energy, Industry and Mineral Resources signs a contract announcing major presence at the 24th World Energy Congress in Abu Dhabi…

Saudi Arabia’s pavilion will be the largest country pavilion at this year’s World Energy Congress, held 9 – 12 September.   Abu Dhabi, 3 July 2019:  The Kingdom of Saudi Arabia will have a large presence at the 24th World Energy Congress in Abu Dhabi after signing a major contract with the Organizing Committee today.   More than 20 organizations from the energy sector in Saudi Arabia are set to showcase their services during the World Energy Congress, highlighting the strength of the country’s energy sector and its efforts to move towards a more sustainable industry model.   Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the 24th World Energy Congress will offer a unique platform for global energy leaders to explore new ......read more

Abdul Latif Jameel Energy expands role in Middle East water sector…

Agreements in Egypt and Bahrain open up new markets for company Follows recent contract wins in Saudi Arabia and Kenya   May 12, 2019:  Abdul Latif Jameel Energy has stepped up its active participation in the Middle East’s water sector with two agreements expanding its presence in Egypt and Bahrain.    Almar Water Solutions, Abdul Latif Jameel Energy’s dedicated water solutions unit, formed a joint venture with HA Utilities (HAU), part of Hassan Allam Holding (HAH), to provide sustainable water infrastructure solutions to municipal and industrial clients across Egypt.    Drawing on the extensive sector experience of both companies, the JV will work on developing sustainable water solutions, including water and wastewater management, and BOT[1] and BOO[2] projects in ......read more

Saudi Arabia's TAQA Announces North American Investment and Acquisition Plans at Offshore Technology Conference in Texas…

Aims to invest over $1 billion in new investments and acquisitions over the next 3 years, including the acquisition of two North American companies in oilfield services technology and manufacturing TAQA’s 2021 Strategy is to become a leading oilfield services and equipment provider, targeting new markets in the wider Middle East & North Africa (MENA) and investments in North America and other regions  TAQA’s drilling subsidiary recently announced the acquisition of Middle East drilling rigs business of Texas-based Schlumberger for $415 Million    Houston and Dammam, May 6, 2019 – Saudi Arabia’s Industrialization and Energy Services Company (TAQA) plans to acquire two companies in the North American oilfield services technology and manufacturing sectors by the end of the year. The ......read more

Saudi Energy Minister to Bloomberg TV: No plans to deepen oil production cuts…

Riyadh, Monday 8 April, 2019:   Khalid Al-Falih, Saudi Arabia’s Energy Minister, said the Kingdom does not plan to deepen its oil production cuts. He added that oil markets are “healthy.”    Speaking to Manus Cranny, Bloomberg Television, Al-Falih said that the OPEC+ meeting in May will be a “key” gathering. He added that it’s still “premature” to decide if they will cut inventory.    Other highlights from the interview include: Investor demand for Saudi Aramco’s debut dollar bond has exceeded $30 billion, Al-Falih said. The securities, which haven’t priced yet, will be the first of many debt offerings by the company. Al-Falih said he still hopes that Saudi Arabian Oil Co., as the company is formally known, will proceed with an ......read more

Acciona to build one of Saudi Arabia's biggest desalination plants for approx. 500 million euros…

  Shuqaiq 3 will have a capacity to produce 450,000 cubic metres per day and serve 2 million people This will be the company's third such facility, after Al Khobar 1 and Al Jubail RO4 (built in 2015) With these three projects, the Spanish company will provide water to more than 3 million people   30 January 2019, Dubai United Arab Emirates:  Water and Electricity Company LLC (WEC), the Saudi Arabia state-owned company in charge of desalination and water treatment projects, has awarded ACCIONA — along with its consortium partners Marubeni Corporation, Abdul Latif Jameel-CDC and Rawafid Alhadarah Holding Co. — the contract to finance, design and build the new Shuqaiq 3 desalination plant and operate and maintain it for 25 years.    This project, ACCIONA Agua's biggest so ......read more

Aramco CEO to Bloomberg: Speaking to credit rating agencies before landmark bond deal…

January 23 2019, Saudi Arabia: Speaking to Bloomberg Television’s Jonathan Ferro, Saudi Aramco CEO Amin Nasser said the oil giant is talking to credit rating agencies in preparation for its foray into the international bond market. Aramco is looking at a potential bond sale to pay for SABIC.    Other highlights include: “We will decide soon how much we would like to take from the bond market. Definitely it is going to be an international bond. We are currently in discussion with regard to how much and where.” Aramco has no intention of buying more than 70% in SABIC Aramco’s 2018 results are “great”

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Saudi Plastic and Petrochemical Exhibition 2019 set to launch with government and private sector backing…

Big opportunities to help increase petrochemical output in the Kingdom to USD 453.3 billion by 2030 January 23, 2019 –   Under the patronage of His Royal Highness Prince Mishaal Bin Majid bin Abdulaziz Al Saud, Governor of Jeddah, the Jeddah Centre for Forums and Events is set to host the 16th edition of the Saudi Plastic and Petrochemical Exhibition, organized by Riyadh Exhibition Company. The event, taking place from 27-30 January 2019, will host industry leaders from the Kingdom, the region and around the world as they discuss the latest developments related to the plastics and petrochemical industries at local, regional and international levels. The exhibition, supported by both government and private sectors, is strategically important as it provides an ideal platform to enable local companies to establish a base ......read more

The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resources Visits Barakah Nuclear Energy Plant…

H.E. Eng. Khalid bin Abdulaziz Al-Falih witnessed the significant progress being made at Barakah     16 January 2019:   H.E. Eng. Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources for the Kingdom of Saudi Arabia (KSA) expressed his appreciation for the significant development of the Barakah Nuclear Energy Plant in a recent visit to the UAE. H.E. Eng. Al Falih commended the Emirati workforce who are highly skilled in the nuclear sector and committed to developing their skills and knowledge. H.E. Eng. Al-Falih was briefed on the latest developments of the Barakah Plant, located in the Al Dhafra region of Abu Dhabi Emirate.     H.E. Eng. Al-Falih and his delegation were received at the Barakah Nuclear Energy Plant by H.E. Eng. Mohamed Al Hammadi, Chief ......read more

Global Energy Forum: His Excellency Khalid Al-Falih's address on day three…

Dubai, UAE, January 13, 2019:  As part of the third Global Energy Forum, His Excellency Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia delivered the opening address for day three of the Forum.  His Excellency Al-Falih later joined Frederick Kempe, President and CEO of the Atlantic Council, on a panel titled 'An Update On Saudi Vision 2030 and The Oil Market' .

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Saudi Plastics and Petrochemicals Exhibition 2019 attracts strong support from public and private sectors…

Event to highlight contributions of petrochemicals to local economic diversification efforts Saudi Arabia, January 07, 2019-   Under the support of Diamond Sponsor SABIC, the 16th Saudi Plastics and Petrochemicals Exhibition will convene local, regional, and international industry leaders to discuss the latest technologies, services, and innovations in the plastics and petrochemicals sectors that are considered major economic contributors in Saudi Arabia. Taking place from January 27 to 30, 2019, the event backed by leading companies who will highlight the role of the two industries in the government’s ongoing economic diversification efforts.  The Saudi Plastics and Petrochemicals Exhibition 2019, which will take place at the Jeddah Center Forums and Events, will focus on sustainability and protection of the ......read more

Higher crude production and prices will strengthen Saudi Arabia's economy…

Saudi Arabia, September 19, 2018:  According to ICAEW’s latest Economic Insight report, the outlook for the Saudi economy remains strongly tied to the developments in international oil markets. Rising oil prices this year and potential supply disruptions from Libya, Venezuela and Iran, have improved the economic prospects for the Saudi economy, given the Kingdom’s role as a major oil producer with substantial spare production capacity. Despite the positive outlook, the accountancy and finance body says certain challenges to the Saudi economy remain.   Economic Insight: Middle East Q3 2018, produced by Oxford Economics, says the Saudi economy is expected to rebound to 2.1% growth this year against a backdrop of rising oil production, higher public spending, steady progress of economic and social reforms and ......read more

Specialist Solar Power Training Delivered for First Time in KSA…

UL, through Gulf Renewables Lab, delivers its first solar power technology training and certification course in Dammam, KSA  Five-day session guides in the safe installation and maintenance of photovoltaic (PV) panels and systems. Extensive training course created to help provide the highly-skilled and qualified workforce essential for MENA countries to develop their renewable energy industries. Dubai, UAE, 23 May, 2018:   Gulf Renewables Lab (GRL), a UL-GCC joint venture, is leading the drive towards a greener future for the region with the launch of its first solar panel installation program in Saudi Arabia. The firm recently completed its first five-day training session at GRL in Dammam, KSA in cooperation with Saudi Arabia’s National Power Academy.   Candidates received hands-on training ......read more

ITFC Supports Cameroon Energy With Eur 68 Million Murabaha Agreement…

Saudi Arabia,  April 5, 2018:  The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed a EUR 68 million Syndicated Murabaha agreement with the Government of Republic Cameroon. The Facility will be used for the purchase of crude oil and the sale thereof to the republic of Cameroon through the national refinery company (SONARA), state-owned enterprise. The agreement was signed by Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC) and Minister of the Economy Planning and Regional Development – Alamine Ousmane Mey, which took place in Tunisia during the 43rd Meeting of the Board of Governors of the IsDB. Speaking at the signing ceremony held in Tunisia, Eng. Hani Salem Sonbol, ITFC CEO, stated: “In line ......read more

ADNOC Distribution to open 13 new stations in the UAE and KSA in 2018…

3 new stations to open in Dubai 3 major station extensions in Abu Dhabi Abu Dhabi, UAE – January 24, 2017: ADNOC Distribution, the UAE’s leading fuels and convenience retailer, has announced plans to open at least 13 new service stations in 2018 including, for the first time, sites in Dubai and the Kingdom of Saudi Arabia.    Three new service stations are planned for strategic locations across the Emirate of Dubai, nine new stations will open in the Emirates of Abu Dhabi, Ajman and Fujairah and at least one site will open in the Kingdom of Saudi Arabia (KSA), under a franchise agreement. In addition, major extensions will be completed at three existing stations in Abu Dhabi in 2018.   ADNOC Distribution’s Acting CEO, Saeed Mubarak Al Rashdi, commented: “Improving service, ......read more

HVACRIndustry Heats Up at Jeddah's Largest Dedicated Expo…

Saudi Arabia, January 16, 2018:  HVACR Expo Saudi (14-16 January 2018 at the Jeddah Centre for Forums & Events) has hosted the first ever EU – Saudi Arabia Energy Efficiency Meeting, and seen the successful product launch of Samsung’s 68% energy saving cooling system.  The topic of HVACR has been heating up in Saudi Arabia since the outset of 2018 due to a combination of increasing power/fuel tariffs, growing public awareness, and a strengthened sense of responsibility that is sweeping the globe. Facing a new paradigm in their industry, thousands of HVACR professionals have already visited the Jeddah Centre for Forums & Events over the first two days of Saudi’s largest dedicated indoor climate and refrigeration event, HVACR Expo Saudi. Having played host to the successful launch of the ......read more

Schneider Electric Renews MoU with National Grid Saudi Arabia to Increase Electricity Reliability…

Riyadh, Saudi Arabia, January 2, 2018:  Schneider Electric and the National Grid Saudi Arabia (SA) renewed the 3-year long Memorandum of Understanding (MoU) signed 3 years ago to continue to provide the National Grid Saudi Arabia with reliable and cost-effective electricity in Saudi Arabia, through which National Grid SA and Schneider Electric will cooperate in developing and advancing electricity infrastructure in the country. The MoU renewal, inked between Mr. Najib AlNaeem, Country President of Schneider Electric and Eng. Waleed Al-Saadi, VP Engineering of National Grid SA, facilitates the two organizations to exchange knowledge, experiences, best practices and technology through conducting periodic technical forums hosted interchangeably at their premises.  The companies will also extend their collaboration as ......read more

Saudi Arabia, European Union Experts Discuss Cooperation on Energy Efficiency…

Dubai, UAE, January 2, 2018:   An “EU - Saudi Arabia Energy Efficiency Meeting” taking place in conjunction with HVACR Expo Saudi (14-16 January 2018, Jeddah Centre for Forums & Events) will gather key decision makers and experts from both the European Union and Saudi Arabia. A high level “EU - Saudi Arabia Energy Efficiency Meeting” is taking place in Jeddah on January 14, 2018, under the initiative of the EU GCC Clean Energy Technology Network and the European Union Delegation to Saudi Arabia, with the participation of SASO (the Saudi Standards, Metrology and Quality Organization) and other Saudi entities. The event, organized in partnership with dmg events Middle East, Asia & Africa and Eurovent ME, is held in conjunction with HVACR Expo Saudi 2018 at the Jeddah Centre for Forums & ......read more

Regional Chemical Industry Must Embrace Change as an Opportunity, Say Speakers at the 12th GPCA Annual Forum…

Saudi Arabia’s Minister of Energy, Industry and Mineral Resources delivers inaugural address, urges industry-wide transformation and value creation  Dubai, United Arab Emirates, 28 November 2017 –  The inaugural address at the 12th Annual GPCA Forum was delivered by H.E. Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, Saudi Arabia, who called for the industry to embrace rapid changes within the global energy landscape as an opportunity.  The Forum is taking place between 27-29 November 2017 at Madinat Jumeirah, Dubai, under the theme ‘the chemical industry in transformation: a new journey begins’. Introducing the Forum was Yousef Al-Benyan, Vice Chairman and CEO, SABIC and Chairman, GPCA, who delivered the opening welcome address. His Excellency Suhail Al Mazrouei, ......read more

Saudi Arabia's Oilfield Business is Still Strong…

PROVEN SAUDI ARABIA Announces Their Expansion Into the Saudi Oil Region of Khobar due to an increase in business demand PROVEN SA announces expansion into Khobar  PROVEN SA announces Q1 positive growth reported in the GCCs Oil and Gas sector  PROVEN to host a networking event exclusively for Oil and Gas professionals at OFG (Oilfield Get Together) the popular monthly Oilfield networking event on Thursday, 25th May at Ruth’s Chris Steakhouse  KSA, May 16: 2017:  PROVEN SAUDI ARABIA, the leading business support services provider for the Kingdom announces their expansion into Al Khobar. Located in the Eastern Province of Saudi Arabia, Al Khobar is where the majority of Saudi Arabia's oil production takes place. The expansion reflects that the Saudi Arabia oilfield industry is anything but dried ......read more

Air Liquide Arabia starts up the Middle East's first hydrogen pipeline network in KSA…

Khobar, KSA, May 9, 2017:  Air Liquide Arabia (ALAR) announced today the startup of the Middle East’s first hydrogen pipeline network in the industrial city of Jubail, on the east coast of Saudi Arabia. Designed to transport large volumes of hydrogen to customers in both Jubail I and Jubail II, the network contributes to the development of the downstream industry, the optimization of natural resources and the increase of energy savings within the Kingdom. With a total length of over 21 km, the ALAR hydrogen pipeline provides large organizations, as well as small and medium enterprises in industries such as refining, petrochemicals, polysilicon, glass and steel, with a cost-effective and reliable alternative to existing supply solutions, contributing to enhance their industrial competitiveness, while increasing the ......read more

Other Top Stories from Energy, Oil & Gas
 
SNC-Lavalin wins engineering and project management services contract for gas oil separation plant ...…

Abu Dhabi – UAE April 29th, 2017 - SNC-Lavalin (TSX: SNC) is pleased to announce that it was awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Program. New facilities are proposed at Saudi Aramco’s existing plants at Abu Ali and Khursaniyah to process a potential increased output of Arabian Light crude from the Berri Field on ......read more

Saudi Oil Minister to Address 19th Asia Oil & Gas Conference…

19 April 2017, Kuala Lumpur – With OPEC due to decide at the end of May whether to prolong production cuts, the organisers of the 19th Asia Oil & Gas Conference (AOGC 2017) are delighted to confirm the attendance of H.E. Khalid Al-Falih, Minister of Energy, Industry & Mineral Resources, Kingdom of Saudi Arabia.   Minister Al-Falih will deliver the state of the industry ......read more

ENGIE has been qualified in the first round of the tendering process for two renewable energy ...…

ENGIE, through its subsidiary International Power SA, has been qualified in the first round of the tendering process for two renewable energy projects in Saudi Arabia. ENGIE is among the 27 companies selected for a 300 MW solar photovoltaic project, and among the 24 companies selected for a 400 MW wind farm. The shortlisted companies have been selected from a total of 128 applications. The 300 ......read more

ENGIE awarded the Fadhili Independent Power Project in Saudi Arabia…

Dubai, UAE, January 31, 2017:  ENGIE has been awarded the contract and achieved financial closing for the greenfield Fadhili independent power project (IPP) in Saudi Arabia, the most efficient cogeneration plant in the country.  Located in the east of Saudi Arabia, 50 kilometers northwest of Jubail Industrial City, the Fadhili project is a combined cycled gas power plant with a ......read more

Saudi deficit set to narrow as oil prices rise…

Fisch Asset Management: Energy sector faces challenges but reasons for optimism in Saudi Arabia Despite World Future Energy Summit focus on Saudi diversification, oil revenues remain at heart of economic growth Proposed IPO of Saudi Aramco could see leverage up to a maximum of 2.5x and qualify for a rating in line with the sovereign I-CV issues independent ratings of A for UAE’s ......read more

SADAFCO Launches Solar Power Project in Riyadh in line with the Kingdom's Vision for 2030 and ...…

With Net Profit Reaching SAR 159 Million; a 41.8% Increase Compared to the Same Period Last Year: Riyadh, December 17, 2016 Saudia Dairy and Foodstuff Company (SADAFCO) has commenced operations of the new solar project that comes in line with the Kingdom’s 2030 vision for renewable energy, offering new employment opportunities and creates economic diversification.  “The ......read more

Deploying Smart Grids can help Saudi economy diversify from oil and gas – Booz Allen Hamilton…

Smart Grids can help lay the foundations for energy and cost-saving applications and renewable energy development in the MENA region The utilities sector and the society stands to greatly benefit from wider adoption of smart grid technologies in the future Developed countries are already leveraging smart grids to fulfill key priorities relating to energy efficiency and ......read more

Intergraph® Process, Power & Marine Middle East Road Show Hosted in Abu Dhabi and Al-Khobar in ...…

Leading global engineering software provider organized one-day conference series in Middle East Dubai, United Arab Emirates, November 10, 2016:  Intergraph® Process, Power & Marine (PP&M), part of Hexagon and the world’s leading global provider of enterprise engineering software to the process, power and marine industries, organized its Middle East Users Conference in ......read more

Halul Offshore Wins Excellence in Health, Safety & Environment Award at Offshore Achievement Awards ...…

Dubai, UAE- Halul Offshore Services Co., the offshore marine services arm of Milaha (Qatar Navigation), won the ‘Excellence in Health, Safety & Environment Award’ at the recently concluded 2nd Offshore Achievement Awards for the jack-up rig & liftboat industry. The award ceremony was held during the annual Offshore Jack Up Middle East (OJME) Conference at The Address Hotel, ......read more

First Solar Commissions 52.5MW Shams Ma'an Plant in Jordan…

PV power plant accounts for approximately 1% of Jordan’s total power generation capacity TEMPE, Ariz./AMMAN, Jordan, October 9, 2016 – First Solar, Inc. (Nasdaq: FSLR) today announced that it has commissioned the 52.5 megawatt (MW)AC Shams Ma’an project in the Hashemite Kingdom of Jordan, on schedule.  The plant is owned by a consortium of investors consisting of ......read more

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