Tag archive for ‘UAE’
By businessnewstoday On Sunday, August 2nd, 2020
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Barakah Nuclear Energy Plant : Unit 1 of 5.6GW nuclear power plant in UAE commissioned

(adsbygoogle = window.adsbygoogle || []).push({}); Nawah Energy Company, a joint venture between the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), has commissioned More...

By Soujanya Ravi On Wednesday, April 1st, 2020
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Australian neobank Xinja Bank gets $274m investment from World Investments

Dubai-based World Investments will be investing AUD433 million ($274.94 million) in Australian neobank Xinja Bank. The financing will be done over a period of 24 months, with an initial investment of AUD160 million More...

By Raghuram Kadari On Thursday, September 12th, 2019
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Huntsman opens polyurethane system house in Jebel Ali Free Trade Zone

Huntsman has opened its new polyurethanes system house in Dubai, the United Arab Emirates, to strengthen its downstream capabilities in the Middle East and North Africa. The new polyurethanes system facility located More...

By Soujanya Ravi On Tuesday, February 19th, 2019
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ADNOC awards Abu Dhabi Onshore Block 3 rights to Occidental Petroleum

US oil and gas company Occidental Petroleum has been granted exploration rights to Abu Dhabi’s Onshore Block 3 from the Abu Dhabi National Oil Company (ADNOC) for a participation fee of AED893 million ($244 million). The More...

By Soujanya Ravi On Saturday, February 16th, 2019
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GE, Sumitomo to develop 1.8GW power plant in Sharjah, UAE

A consortium made up of GE, Sumitomo, Shikoku Electric Power and Sharjah Asset Management (SAM) have signed an agreement to develop, build and operate what will be the first independent combined cycle power plant More...

By businessnewstoday On Sunday, March 18th, 2018
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Total to pay ADNOC $1.45bn to join Abu Dhabi offshore concessions

Total ADNOC deal : Total has made a AED5.3 billion ($1.45 billion) deal with the Abu Dhabi National Oil Company (ADNOC) to take stakes in two new offshore blocks in Abu Dhabi. As per the agreements signed by the More...

By businessnewstoday On Monday, March 12th, 2018
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Eni buys stake in Abu Dhabi offshore oil and gas fields in UAE for $875m

Eni has signed a couple of concession agreements to acquire a stake of 5% and 10% in the Lower Zakum offshore oil field and the Umm Shaif and Nasr oil, condensate and gas offshore fields, respectively in offshore More...

By businessnewstoday On Sunday, February 25th, 2018
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Milrem Robotics unveils THeMIS unmanned ground vehicle at UMEX 2018

Estonia-based Milrem Robotics has unveiled a new unmanned ground vehicle at Unmanned Systems Exhibition and Conference (UMEX) 2018 in Abu Dhabi, named as THeMIS, which has been designed to operate mainly in desert More...

By businessnewstoday On Monday, February 19th, 2018
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Cepsa buys into Abu Dhabi offshore concession for $1.55bn

Cepsa, a Spanish oil and gas company has picked up a participating stake of 20% in an Abu Dhabi offshore concession SARB and Umm Lulu for a price of AED 5.5 billion ($1.5 billion). The stake in the Abu Dhabi offshore More...

By businessnewstoday On Monday, February 12th, 2018
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ONGC Videsh led consortium picks stake in offshore Abu Dhabi oil field

Oil and gas industry news : Three Indian state-controlled oil firms ONGC,  Indian Oil Corporation (IOC) and Bharat Petroleum have acquired a 10% stake in consortium in an offshore Abu Dhabi oil field – the Lower More...