Energy

DUBAI /GULF TIME Eastman Auto & Power Ltd. (EAPL), a leading provider of power solutions, is proud to announce its participation in Middle East Energy 2025, one of the most prestigious energy events in the world. Scheduled until April 9, 2025, at the Dubai World Trade Centre, this event will bring together top energy professionals, innovators, and stakeholders to shape ...

ABU DHABI/WAM Ahmed Al Kaabi, Assistant Undersecretary for the Electricity, Water, and Future Energy Sector at the Ministry of Energy and Infrastructure (MoEI), stressed that the UAE continues to lead the global energy transition through its ambitious strategies and initiatives that contribute to shaping a better world. His remarks came during his participation in the High-level Panel on ‘Energy Transition ...

ABU DHABI/WAM ADNOC announced on Wednesday at ADIPEC the signing of the first long-term Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi. The SPA converts the previous Heads of Agreement between ADNOC and SEFE announced in March into a definitive agreement. The ...

ABU DHABI/WAM Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO, rallied the energy industry to lead the world to the next phase of sustainable socioeconomic growth. Delivering a keynote address at the opening ceremony of the 40th edition of ADIPEC, Dr Al Jaber detailed how the industry can capitalise on ...

ABU DHABI / GULF TIME NMDC Energy JCSJ (ADX: NMDCENR), a majority-owned subsidiary of NMDC Group (ADX: NMDC), has reported strong third quarter financial results in its first earnings announcement since its recent initial public offering (IPO). NMDC Energy delivered a 145% year-on-year increase in net profit for the three months ending 30 September 2024, from AED 164 million to ...

ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) and Siemens Energy have signed a memorandum of understanding (MoU) to collaborate on driving the future of green and clean energy in the UAE. The two sides will collaborate on mitigating future challenges related to grid infrastructure, enhancing sustainable development and climate action, and exploring potential tech opportunities for ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) on Thursday announced a historic milestone for the UAE with the fourth unit of the Barakah Nuclear Energy Plant entering commercial operations, marking its full delivery. This fulfils ENEC’s promise to bring clean, abundant electricity to the UAE. Barakah is one of the most successful new build nuclear projects in ...

ABU DHABI/WAM Khalifa Economic Zones Abu Dhabi (KEZAD Group), the largest operator of integrated and purpose-built economic zones and UAE-based Abundance Solar Panels Industries have announced the signing of a 50-year land lease agreement for the establishment of a sophisticated solar power plant in KEZAD Area A – Al Ma’mourah. To be developed with AED55 million in investment, the plant ...

BLOOMBERG This month, a cold front swept across much of Europe and giant tankers that carry fuel through the Red Sea were rerouted to avoid escalating violence. That should have pushed gas prices higher. Instead, they just kept falling. Even if it’s a step too far to give Europe the all-clear, it’s a strong sign that the worst of the ...

BLOOMBERG Shell Plc agreed to sell its Nigerian onshore oil business to a consortium of local companies for more than $1.3 billion. If approved by the government, the transaction would fulfill Shell’s long-term goal of extracting itself from a challenging operating environment in the Niger Delta region, while retaining a presence elsewhere in the country. Beyond the initial price tag, ...