Abu Dhabi / WAM The General Secretariat of the Minister of Interior’s Scientific Research Award declared the launch of its fourth edition on Monday, starting with the registration process that will witness the acceptance of applications, along with a summary of their research. HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, ...
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Abu Dhabi International Book Fair to host 1,350 exhibitors
Abu Dhabi / WAM Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the 28th edition of the Abu Dhabi International Book Fair (ADIBF), will take place at the Abu Dhabi National Exhibition Centre, ADNEC, from April 25 to May 1. ADIBF ...
Read More »HSE practices must be at centre of energy company operations
Abu Dhabi / WAM As global exploration, development and production of oil and gas resources shifts to more complex, remote and challenging fields, the need to rigorously safeguard people and the environment, as well as asset integrity, becomes ever more critical, according to Abdulmunim Al Kindi, Upstream Director at the Abu Dhabi National Oil Company (ADNOC). Delivering the keynote address ...
Read More »Shell defends climate strategy in disagreement with investors
LONDON / Reuters Royal Dutch Shell defended its ambition to cut carbon emissions on Monday, urging investors to oppose a shareholder resolution arguing that the oil and gas giant is not doing enough to meet international targets to tackle climate change. The Anglo-Dutch company, like many of its peers, has faced growing investor pressure to address the need to reduce ...
Read More »Kuwait says market conditions to determine extension of oil crubs
KUWAIT / Reuters Kuwait’s oil minister said on Monday a pact between OPEC and non-OPEC producers to curb supplies would run to the end of the year and market conditions would determine whether to extend it further. Bakhit al-Rashidi also said the meeting of the Organization of the Petroleum Exporting Countries in June in Vienna would offer a chance to ...
Read More »Eneco CEO to step down in Sept
AMSTERDAM / Reuters A fight over the planned privatisation of Dutch energy company Eneco resurfaced on Monday as its works council called for an inquiry after the company announced that its CEO will step down in September. A large majority of the company’s 53 municipal shareholders voted in October to privatise Eneco, while CEO Jeroen de Haas and works council ...
Read More »Chevron greenlights Gorgon LNG expansion off west Aussie coast
SYDNEY / Reuters Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said. Chevron and its joint venture partners plan to sink 11 new wells in the Gorgon and Jansz-Io fields and build offshore pipelines and subsea structures to pipe the gas ...
Read More »Tencent-backed fashion app seeks US IPO at $4 billion value
Bloomberg Yet another Chinese technology company is headed for an initial public offering (IPO). Meilishuo, the online fashion retailer backed by Tencent Holdings Ltd., is in talks with several investment banks about a US initial public offering that could value the startup at about $4 billion, according to people familiar with the matter. The women-focussed online retailer hosted a bake-off ...
Read More »Honda’s never-used plant finally starting up
Bloomberg Honda is finally planning to open its newest factory in Brazil, idle since it was built in 2015. But not for the reason they originally intended. The carmaker built the Itirapina, São Paulo, plant for 1 billion reais ($290 million) with the plan of doubling its capacity in the country. Instead, the automaker will transfer operations to the facility ...
Read More »Ola wants a million electric rides in India by 2021
Bloomberg Ola, Uber Technologies Inc.’s fiercest Indian competitor, wants to roll out 10,000 electric three-wheeled rickshaws within a year and a million battery-powered vehicles by 2021. The startup run by ANI Technologies Pvt said it’s in policy discussions with several state governments, and is talking with potential partners from automakers to battery producers. It aims to build out an existing ...
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