Recent Posts

Oil trading profits soar for energy majors who made storage bets

Bloomberg In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast. Equinor also filled oil tankers with crude, turning them into floating storage facilities, ...

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Dewa, Siemens host tech talk ‘Scenario 2030’

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) and Siemens have organised a technology talk titled “Scenario 2030” where both sides discussed innovations and technologies of the future in the energy sector. These included energy storage, artificial intelligence, smart grids, and energy efficiency among other topics. The meeting supports long-term strategic partnership between Dewa and Siemens for over ...

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DFF presents outlook on future of transportation

DUBAI / WAM Dubai Future Foundation (DFF) in collaboration with the Dubai Future Council for Transportation, launched a report spotlighting the future of the transportation sector. The report makes a business case for investing in autonomous driving, advanced transport infrastructure, and strengthening cargo delivery through leveraging cutting-edge technology and innovation. Furthermore, the report underscores the importance of enhancing the human ...

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