Latest news
PGNiG to explore for oil and gas in UAE
Polish oil and gas company PGNiG SA has signed an agreement with the emirate of Ras al Kaimah, UAE, to explore for and produce hydrocarbons in the Block 5.
read more... 18/01/2019
Al Bahar sets up Dubai solar plant for Caterpillar
UAE-based Al Bahar, a major dealer of Cat machinery, heavy equipment and power systems, has successfully completed the installation of its first solar project at Dubai, UAE for Caterpillar Distribution Services Europe.
read more... 23/05/2018
UAE: A 200 MW facility launched at Maktoum Solar Park
Electricite de France and Abu Dhabi-based renewables firm Masdar launched a 200-megawatt (MW) facility, which is the third and latest phase of the Mohammed bin Rashid Al Maktoum Solar Park, as stated by local media.
read more... 07/05/2018
Daily (28.07.2017): Brent prices soared to 2-month high on Thursday - $51.49 a barrel
Oil prices continued to rise on Thursday with support from a huge slide in U.S. crude inventories. Kuwait, UAE and Saudi Arabia, fellow members of the OPEC, have also promised export cuts. U.S. fuel exports are on track to hit another record in 2017, making foreign fuel markets increasingly important for the profit margins of U.S. refiners. Also, Europe's major energy firms are turning a corner after a 3-year slump, Royal Dutch Shell, France's Total and Norway's Statoil reported sharp rises in cash flow from second quarter operations. Brent crude jumped by 1% to $51.49 a barrel, while WTI price jumped by 0.8% to close at $48.75 a barrel.
read more... 28/07/2017
Cold testing completed at Barakah 2nd unit
The second unit at the Barakah nuclear plant has successfully undergone the cold hydrostatic testing. It was performed in order to see if all joints, pipes and components of the reactor coolant system qualify to the standards set by the UAE’s Federal Authority for Nuclear Regulation (FANR).
read more... 26/07/2017