• 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
• 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
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 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
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, 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
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 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
• 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
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
• 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
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 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 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
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 and BOO projects in ......read more
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
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
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
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”
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
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
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' .
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
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
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
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
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
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
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
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
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
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
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
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 the east coast of Saudi Arabia.
SNC-Lavalin’s scope of work includes front end engineering design for a new 250 MBCD (thousand barrels of oil per calendar day) gas oil separation plant at the existing Abu Ali Gas Plant, as well as additional facilities at the Khursaniyah Gas Plant that will process 40 MBD (million barrels per day) of hydrocarbon condensate, all associated with the Berri Crude Increment.
Under the contract, ......read more
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 address on the opening morning of the conference, which will take place in Kuala Lumpur from 7 - 9 May 2017.
As the world’s largest exporter of crude, and a leading member of OPEC, the Kingdom of Saudi Arabia plays a pivotal role in the global oil and gas industry. AOGC 2017 will be the place for attendees to listen to the Minister’s insights into OPEC’s production strategy, rebalancing of global supply and demand, the rise ......read more
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 MW solar photovoltaic project will be developed in the Sakaka area in the northern Al Jouf Province. The 400 MW wind farm will be built in the Midyan coastal area in Tabuk Province, which is also in the north. Both projects will be backed by long-term power purchase agreements (PPAs), i.e. 25 years for Solar PV and 20 years for Wind. The request for proposal process will be launched on 17 April, on the occasion of the Saudi Arabia Renewable ......read more
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 capacity of 1,507 MW. It will produce the equivalent of the electricity consumption of 1.4 million people. It will also produce 1,447 tons per hour of steam and 768.8 tons per hour of feed water.
Saudi Electricity Company (SEC) will be the off-taker for electricity and Saudi Aramco for the steam and feed water under 20-year Purchase Agreements. ENGIE will have a 40% equity ownership in the project company, SEC will hold 30% and Saudi Aramco Power ......read more
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 IPIC and BBB+ for TAQA
Fisch sees strong pipeline for GCC debt issuance in 2017
Dubai, UAE, January 22, 2017: Fisch Asset Management, one of the leading credit specialists, has said that despite challenges in the energy sector there is reason for optimism among investors in Saudi Arabia. The budget deficit is set to narrow in 2017, as a result of higher oil prices and diversification measures increasing non-oil revenues. However, while ......read more
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 new 2 SAR million solar power project at our Riyadh Regional Distribution Centre (RDC) is utilizing a photovoltaic (PV)-diesel hybrid system that can deliver up to 40 percent of the facility’s daytime energy requirements,” said Wout Matthijs, CEO of SADAFCO during a media tour at the RDC in Riyadh.
“We are excited that the Riyadh RDC Solar Project is operational as it is a huge step towards becoming more sustainable,” ......read more
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 reliability
Jeddah, December 8, 2016: The utilities sector has historically under-invested in information technology (IT), but an increasing number of utility companies in the MENA region are waking up to the benefits of smart technology – particularly smart grids, a Booz Allen Hamilton report has found.
In Saudi Arabia, improving operational efficiency and customer service whilst contributing to the development of smart cities, is the central ......read more
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
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
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
The UAE-based company aims for KSA to make up 50 per cent of its total revenue following an exclusive agreement with the Saudi Technology Development and Investment Company subsidiary
Dubai, UAE, July 19, 2016: UAE-based DC Pro Engineering – a global leader in District Energy, Co-Generation, Tri-Generation and sustainability in Green Building MEP designs, has partnered with TAQNIA ......read more
Deloitte: OPEC’s oil market share to fall by 5% by 2018
Deloitte: New global patterns could threaten OPEC’s position on global markets
5 July, 2015- The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector. However the current fluctuations may speed up some of the trends that were already unfolding according to Deloitte’s ......read more
Abu Dhabi, UAE, July 4, 2015 – Today marks the two-year anniversary of the inauguration and completion of London Array – the world’s largest offshore wind farm. The sophisticated, 630-megawatt wind power project – and Masdar’s largest international investment to date – continues to deliver clean and reliable energy to more than half-a-million homes throughout ......read more
Dubai, United Arab Emirates, 23 June 2015: The value of major active projects in Turkey is worth almost $350bn representing an excellent new opportunity for GCC contractors and consultants impacted by falling oil prices, according to new research by MEED Projects, the region’s leading online projects tracking service.
Thanks to its booming economy and fast-growing population, Turkey has ......read more
SmartPlant® Enterprise solutions selected for integrated data and optimal plant operation and maintenance
Dubai, United Arab Emirates, June 15, 2015 – Yanbu Aramco Sinopec Refinery Company Ltd. (YASREF) has recently chosen Intergraph® SmartPlant® Enterprise solutions to optimize the operation and maintenance of its full-conversion refinery. The project is a significant ......read more
Call for Papers Breaks Industry World Record with 2,278 Proposals from 540 Organizations Across 65 Countries
Abu Dhabi, UAE – 23 June 2015 – Global industry leaders and decision-makers are set to make the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2015 a record-breaker, with the number of abstract submissions for the Conference Programme rising 26 ......read more
Pursuit of Local Water, Energy and Environment Innovations to be Boosted by New Advanced Facility
Abu Dhabi-UAE: 22 April, 2015 ̶ Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, is launching its new Analytical Chemistry and Biochemistry (ACBC) Laboratory as part ......read more