News

PETERHEAD / WAM Abu Dhabi Future Energy Company (Masdar), and the Norwegian multinational energy company (Equinor), (formerly Statoil) have installed, and will soon begin testing, a new battery system designed to store electricity generated by Hywind Scotland, the world’s first commercial-scale floating wind farm. The battery storage solution is the first in the world to be connected to an offshore wind ...

SEOUL / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO, met on Wednesday with South Korea’s Foreign Minister, Kang Kyung-wha, during a two-day visit to Seoul, aimed at strengthening economic ties with South Korea and exploring market growth opportunities in the energy sector. During the meeting Dr Al Jaber conveyed the greetings of ...

Aden / WAM Saeed Al Ali, Head of the Emirates Red Crescent (ERC), in the Yemeni interim capital Aden, has met with a delegation of the United Nations High Commissioner for Refugees (UNHCR), headed by Jacqueline Parlevliet, Head of UNHCR Sub Office in Yemen. During the meeting, the two sides reviewed the ERC’s humanitarian and relief activities as part of ...

Dubai / WAM “Zero Waste: Food for Thought” was the topic of a panel discussion organised by the Emirates Environmental Group (EEG), where experts highlighted the importance of sustainable sourcing, production and consumption of food. The panelists shared unique best practices and challenges within wide-ranging disciplines in promoting sustainability along the food value chain, from farm to fork. As a ...

Dubai / WAM Emirates National Oil Company (Enoc), signed an aviation technical and marketing services agreement with Raven Energy, to support its jet fuel supply operations in Nigeria. Commenting on the agreement, Saif Humaid Al Falasi, Group CEO of ENOC, said, “Today, we supply in excess of 2.8 million US gallon of jet fuel per day to a diversified portfolio ...

Abu Dhabi / WAM Salvator Mundi, a masterpiece by Leonardo da Vinci, will be unveiled to the public at Louvre Abu Dhabi on September 18. Acquired by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) in 2017, Salvator Mundi is one of fewer than 20 known surviving paintings by the Italian Renaissance master, one of history’s ...

Bloomberg Big oil is losing faith in President Donald Trump’s pledges to build the US into a self-reliant energy superpower. Top executives from Exxon Mobil Corp, Chevron Corp and Total SA all took shots at Trump’s trade plans at the World Gas Conference in Washington, expressing concern that US tariffs are a risk to oil and gas demand, and that ...

Bloomberg Baker Hughes will emerge from the shadow of parent General Electric Co amid unprecedented turmoil and dislocation in the global oil business. GE’s plan to unload its 62.5 percent stake in the oilfield-services company over the next two to three years will leave Baker Hughes in much the same place it was before the industrial conglomerate absorbed it last ...

Bloomberg Add Kazakhstan to the list of oil producers whose supply is restricted. The central Asian nation’s output slipped by about 240,000 barrels a day, data from the country’s Ministry of Energy show. The cause and duration of the dip aren’t known, but the country suffered a few supply outages earlier this year involving the giant Kashagan field in the ...

Bloomberg BYD Co. is building what would become the world’s largest vehicle-battery factory next year in an effort by the Chinese electric-car maker to increase capacity and help revive earnings growth. The plant will have an annual capacity of 24 gigawatt-hours when it is fully in use in 2019, enough to equip 1.2 million BYD Tang electric cars, according to ...