November, 2018

• 7 November

  Preparations to host Adipec 2018 finalised

  

  ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec), has announced that it has finalised preparations to host the 21st edition of the Abu Dhabi International Petroleum Conference (Adipec 2018). Held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, from November 12-15, Adipec is one of the world’s largest, most important and influential meeting ...

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• 7 November

  Global energy leaders descend on Abu Dhabi for CEO roundtable

  

  ABU DHABI / WAM Twenty-seven of the world’s leading oil industry chief executives will gather, in Abu Dhabi, on November 11, to discuss the impact of digitalisation, technology and the Fourth Industrial Age on the future of the global oil and gas industry. The senior executives, representing many of the world’s major oil, gas and petrochemical companies, have been invited ...

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• 7 November

  Sharjah airport passenger traffic up 6.55%

  

  Sharjah / WAM In the third quarter of this year, Sharjah Airport received 3.32 million passengers, an increase of 6.55 percent over the same period last year when 3.118 million passengers used the airport. The airport handled 22,210 regular and irregular flights, an increase of 5.64 percent over the same period last year when there were 21,026 flights, and the ...

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• 7 November

  Abu Dhabi Diplomacy Conference launches next week

  

  Abu Dhabi / WAM The Emirates Diplomatic Academy (EDA), on Wednesday announced at a press conference that it will host the inaugural edition of the Abu Dhabi Diplomacy Conference that is set to provide a premier interdisciplinary platform to discuss the latest innovations, trends and challenges in the field of diplomatic practice. Held under the patronage of HH Sheikh Abdullah ...

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• 7 November

  Oil set for longest losing run since 2014 as supply fears ease

  

  Bloomberg Crude’s poised for the longest losing streak since 2014 as concerns of a supply crunch eased on a forecast for rising US production and waivers for eight countries allowing temporary import of Iranian oil. Futures in New York fell as much as 0.9 percent and headed for an 8.5 percent drop in eight straight sessions. The US government forecast ...

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• 7 November

  Royal Dutch Shell, Total set up long-term goal to reduce carbon intensity

  

  Bloomberg Royal Dutch Shell Plc and Total SA are the only companies among the 10 biggest oil and gas producers in the world which disclose how their carbon emissions will decline over time, according to the first analysis of its kind by managers overseeing more than $9 trillion of funds. The Anglo-Dutch and French majors are the only companies among ...

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• 7 November

  ‘China’s solar bailout won’t counter global glut’

  Bloomberg China’s proposal to increase its solar energy target to as much as 270 gigawatts by 2020 won’t be enough to erase the worldwide panel glut that’s crippling prices, according to analysts at Credit Suisse Group AG. “We forecast that the country needs a 300-350GW by 2020 target to fully absorb new manufacturing capacity planned in the near term,” analysts ...

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• 7 November

  South Sudan oil outlook hinges on peace deal

  Bloomberg South Sudan’s optimism about restoring oil output to 350,000 barrels a day depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd. Crude production fell by about two-thirds to 130,000 barrels per day as blocks were shut-in during a conflict that erupted in late 2013, after a dispute between President Salva ...

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• 7 November

  Australia to nix CK’s $9.4 billion pipeline bid

  

  Bloomberg CK Group’s A$13 billion ($9.4 billion) bid for gas pipeline operator APA Group was knocked back by Australia’s government on national security concerns, a decision that has the potential to further inflame diplomatic tensions with China. “I have advised the consortium led by CK Asset Holdings Ltd. of my preliminary view that its proposed acquisition of APA Group would ...

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• 7 November

  Donald Trump restrained as Democrats win US House

  

  Bloomberg Donald Trump, who spent the past two years wielding the powers of the presidency unbound by party or political convention, is now constrained. The Democratic takeover of the House of Representatives cripples his conservative agenda and opens the way for unfettered investigations into his scandal-plagued administration, his presidential campaign and his family’s business empire. His personal tax returns may ...

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