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24th World Energy Congress to See Largest Attendance in Abu Dhabi

With less than two weeks to go until the 24th World Energy Congress, the UAE Organising Committee gave on Wednesday an update on the number of delegates, ministers and exhibitors that will be attending the global event in Abu...

TAQA H1 2019 Revenue up 5%, Led by Oil and Gas Business

Abu Dhabi National Energy Company (TAQA) recorded a 5% increase in its H1 2019 revenue to $2.5bn, compared to H1 2018. The growth was driven by its oil and gas business, which saw an 11% increase in revenue which...

Output from Egypt’s Giant Zohr Gas Field More Than Tripled In H1 2019

Zohr gas field, the largest in the Mediterranean, produced 11.3bn cubic metres of gas in H1 2019, 3.6 times more than it did in the same period last year, according to a statement by Rosneft. Production is being undertaken...

Saudi Aramco Reports First Half 2019 Net Income of $46.9 Billion

Saudi Aramco on Monday announced for the first time its half-year financial results. The company’s net income was $46.9 billion for the first half 2019, compared to $53.0 billion for the same period last year. Earnings before interest and...

ADNOC Closes Partnership Agreements with Eni, OMV in Refining and Trading

The Abu Dhabi National Oil Company, ADNOC, on Wednesday announced that it has closed its landmark strategic equity partnerships with the Italian oil and gas company Eni and the Austrian oil and gas company, OMV, covering both the existing...

The UAE is Among Top 20 Countries in the World of Marine Insurance

Marine Insurance Conference on Offshore Energy 2019 With the success of this conference in 2018, Dubai Marine Insurance Conference (DMIC) has returned to hold a second conference in 2019, expected to be bigger and better. Under the patronage of...

Oil Prices Strengthen More Than 1% on Iran Risk

Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran’s seizure of a British tanker last week. Brent crude LCOc1 futures climbed 79 cents, or 1.3%, to settle...

Singapore Stocks up on Low-Sulfur Fuel Ahead of New Shipping Rules

Oil traders are chartering more ships and snapping up fuel oil storage tanks in and around Singapore, the world’s top bunkering port, to stock up cleaner fuel that will meet new shipping rules coming into force next year, industry...

Mohamed bin Zayed, Chinese President Witness Signing of ADNOC and CNOOC Agreement

The Abu Dhabi National Oil Company, ADNOC, today signed a Strategic Framework Agreement with China National Offshore Oil Corporation, CNOOC, to explore new opportunities for collaboration in both the upstream and downstream sectors as well as in Liquefied Natural...

EDF Renewables, Masdar Reach Financial Close on Dumat Al Jandal Wind Project in Saudi...

The consortium consisting of EDF Renewables and Abu Dhabi Future Energy Company, Masdar, has completed the financing of the Dumat Al Jandal utility-scale wind project in Saudi Arabia, with the backing of Saudi and international banks. The Renewable Energy Project...
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Emirates Maritime Arbitration Centre Presents Breakfast Seminar on Marine Casualties

EMAC kicks off its first breakfast after the summer period with a presentation on marine casualties from an insurance perspective.  Speakers, Bengi Yuceer, Regional...

Emirates Maritime Arbitration Centre (EMAC) signs Memorandum of Understanding with Abu Dhabi Global Market...

Abu Dhabi/Dubai, UAE, 8th September 2019:  In the spirit of continued collaboration between government entities in the UAE, the Abu Dhabi Global Market Arbitration...

Abu Dhabi Ports Reviews Trends Influencing Future of Global Shipping Trade

The emerging trends and topics influencing the future of global shipping trade, their impact on local and regional businesses, and the importance of innovation...