Environment & Energy | Thursday 5 July, 2018 5:47 am

Saudi Aramco plans first change in Asia crude oil price formula in decades

Saudi Aramco is changing the formula it uses to price its long-term crude oil sales to Asia in a move aimed at improving the overall reliability of its pricing. It represents the first change to benchmarks for its official selling prices (OSP) since the mid-1980s, the company said on...

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Environment & Energy | Thursday 5 July, 2018 4:48 am

Al-Fadli signs deal to set up 3 floating desal plants

The Saline Water Conversion Corporation (SWCC) announced on Wednesday that it has signed an agreement with an international company to provide 150,000 cubic meters of potable desalinated water daily via three floating desalination plants set up on barges, Saudi Press Agency (SPA) reported...

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Environment & Energy | Thursday 5 July, 2018 12:21 am

DME welcomes growing use of Oman benchmark

Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, welcomes the announcement earlier today of Saudi Aramco’s commitment to usingthe DME Oman crude oil benchmark in its Asian pricing formula.   “We are...

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Environment & Energy | Wednesday 4 July, 2018 6:30 am

3rd UAE France Oil and Gas Connecting Days

Business Francejointly with EVOLEN, and the French Business Grouphosted the third UAE France Oil and Gas Connecting Days from June 25thto 26thin Abu Dhabi and Ruwais. The two days forum included ADNOC and its subsidiaries, as well as several ADNOC partners including Mudabala...

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Environment & Energy | Wednesday 4 July, 2018 6:12 am

Abdul Latif Jameel Energy awarded 55 MW project in Armenia to power more than 21,400 homes

Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has been awarded a 55 MWac solar project in Armenia that will power more than 21,400 homes in Armenia with clean energy.   Expanding the company’s global footprint, FRV has been awarded the competitive tender by ...

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Environment & Energy | Monday 2 July, 2018 5:19 am

Gulf markets rise on oil price surge

Gulf stock markets closed in positive territory on Sunday, boosted by a surge in oil prices, an increase in retail investors and encouraging news on Bahrain’s financial prospects. Oil prices surged last week on concerns that US sanctions against Iran would remove a substantial volume of...

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Environment & Energy | Monday 2 July, 2018 4:17 am

KSA becomes member of ACSAD’s executive council

Saudi Arabia has been elected as a member of the executive council of the Arab Center for the Studies of Arid Zones and Dry Lands (ACSAD) for the next two years, at the 34th session of its general assembly held in Cairo. The meeting was held under the chairmanship of Egyptian Minister of...

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Environment & Energy | Sunday 1 July, 2018 7:26 am

39 candidates pass medical and psychological exams in UAE Astronaut Programme

 The Mohammed bin Rashid Space Centre announced that 39 out of 95 candidates passed the physical and psychological tests to qualify for the preliminary list of the UAE Astronaut Programme. The Programme was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and...

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Environment & Energy | Saturday 30 June, 2018 5:02 pm

ADNOC joins 2019 Abu Dhabi World Energy Congress to highlight its energy transition vision

 The UAE Organising Committee of the 24th World Energy Congress has announced today that the Abu Dhabi National Oil Company, ADNOC, will be a host sponsor for the 2019 Congress. Held every three years in select international cities, the World Energy Congress is the world’s largest,...

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Environment & Energy | Thursday 28 June, 2018 1:34 am

Emirates Environmental Group hosts 3rd of its series of Panel Discussions for the Year 2018

The Emirates Environmental Group (EEG) organised a Panel Discussion on the topic of “Zero Waste: Food for Thought?”, held on the 27thof June at the Modul University, Dubai. The event was conducted in association with the Arabia CSR Network, Emirates Green Building Council, Clean Energy...

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