UAE | Egypt Oil & Gas - Part 45
Oil Prices, Post-Sanction Iran Prompt GCC Maintenance Cost Cutting
Industry sources have informed Reuters that Gulf oil producers are delaying some field maintenance until next year to keep production high and reduce costs, forecasting weaker oil prices in 2016. The sources, however,...
Saudi Seriously Contemplating Slashing Energy Subsidies
Oil Minister Ali al-Naimi confirmed suspicions that the Saudi kingdom could cut its system of energy subsidies, reported Reuters. He was asked on the sidelines of a mining conference on Tuesday whether he expected dom...
Shell Backs Emirates Foundation’s STEM Projects
Shell has renewed its annual partnership with the Emirates Foundation, reported Trade Arabia. Shell will be actively supporting the foundation’s various initiatives, particularly in the areas of science, technology en...
UAE Struggles Over Predicting Ideal Oil Price for its Budget
Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth, explained Ali Al Mansoori head of Abu Dhabi’s Department of Economic Development, in an interview with Bloomberg. Pr...
UAE-New Zealand Renewables Cooperation Reaches Solomon Islands
The United Arab Emirates and New Zealand have signed an arrangement for the development of a jointly funded 1 MW solar photovoltaic (PV) power plant in the Solomon Islands, reported Trade Arabia. 600kW will be funded ...
DEWA Wins Local Prize, Enters World Solar Contest
The Dubai Electricity and Water Authority (Dewa) has won the Energy Company of the Year award in the Gulf Business Industry Awards 2015 contest, reported Trade Arabia. The award is organised by Gulf Business magazine ...
UAE-Pacific Fund Inaugurates Environment-Friendly Power Plants
Masdar, Abu Dhabi’s renewable energy company, has delivered two UAE-funded solar projects in two Pacific island nations, reported Trade Arabia. The installations on the islands, Tuvalu and Kiribati, will collectively ...
UAE’s Masdar in Talks with Morocco to Invest in Wind, Solar
Abu Dhabi-based renewables firm Masdar is currently in talks over taking part in Morocco’s forthcoming wind tender as well as other wind and solar energy investments, local daily Aujourd’hui le Maroc reports acc...
