If the last century was built on steel, copper and concrete, the next will be built on silicon and software
Energy industry
Latest in Energy industry
ADIPEC
Response Plus and Burjeel institute $1mn award for wellness in energy sector
The first winner to be announced during ADIPEC 2025; Open to all organisations, with a particular focus on SMEs in the energy supply chain
Artificial intelligence
Saudi AI firm nybl partners with NOV to transform oil and gas operations
The alliance is a pivotal step forward for nybl’s strategic growth plan, aiming to enhance AI offerings to the oil and gas industry
clean energy
UAE energy startups secure over AED 110 mn in funding during H1 2024
The total number of startup companies operating in the energy sector in the UAE reached about 54 by the end of 2023
Egypt
Egypt to invest $200mn in oil and gas exploration to boost energy reserves
The agreements are part of the government’s strategy to attract foreign investment in the oil and gas sector
Digitilisation
Immensa, DNV launch global guideline for energy spare parts digitisation
The guideline will support customers – international and national energy players as well as industrial manufacturing companies – to embark on the advanced manufacturing journey via a clear, streamlined step-by-step process
Abu Dhabi
ADNOC closes acquisition of 24.9% stake in OMV
The stake acquisition is expected to accelerate the Abu Dhabi-based oil major’s global chemicals growth strategy
Abu Dhabi
ADIPEC 2023 in UAE saw $8.8bn deals to boost energy sector
Global energy industry saw $8.8bn boost after deals struck at ADIPEC 2023
carbon emissions
Natural gas is central to the energy transition in developing nations, says Crescent Petroleum CEO
Natural gas, combined with renewables, offers an effective and affordable means of cutting carbon emissions
Abu Dhabi
ADIPEC 2023: Global energy meet opens today in Abu Dhabi
More than 1,600 speakers, including over 40 ministers and 120 c-suite executives from across the Middle East, Asia, Africa, Europe and the Americas, will address more than 15,000 delegates in over 350 ADIPEC conference sessions
Badar Chaudhry
Economic strain can’t distract us from the climate change ultimate crisis
We must leverage the unique platform of COP28 in Dubai this November to grab this challenge with both hands and proactively keep turning dialogue around climate finance into quantifiable action
bilateral cooperation
Saudi Arabia, France to expand bilateral cooperation in energy sector
The two countries signed an MoU to establish a framework for collaboration in the energy sector
ACWA Power
AB In Focus: The Middle East’s role as an energy transition hub
Andrea Lovato, Global Head of Hydrogen, ACWA Power discusses the role the Middle East will play in the global battle against climate change
electricity distribution network
New UAE federal law to regulate linkage of renewable energy production units to the electrical grid
The new law aims to achieve the country’s objectives of diversifying renewable energy sources and optimal utilisation of natural resources
ADIPEC
OPEC predicts world economy to more than double by 2045
The global primary energy demand is also forecast to continue growing in the medium- and long-term, increasing by a significant 23 percent in the period to 2045, according to the 2022 edition of the World Oil Outlook by the oil producers body
Energy industry
Gas growth is the key to driving UAE industrial diversification, international collaboration
As the world transitions to a low-carbon energy system, natural gas has an important role as a bridging fuel
ADIPEC
UAE holds talks with BP, Inpex to drive greater cooperation in lower carbon energy solutions
The meetings followed the 8th Abu Dhabi CEO Roundtable – which brought together 35 energy leaders from around the world – to discuss how to deliver energy security while providing equitable access to energy, and climate progress
