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Masdar to buy 50pc stake in Terra-Gen from US’ ECP

Abu Dhabi Future Energy Company Masdar has signed a definitive agreement to acquire a 50% stake in Terra-Gen Power Holdings II from Energy Capital Partners (ECP). ECP a leading investor across energy transition...

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Lootah Biofuels, MOEI sign UAE biofuel acceleration MoU

The UAE s Ministry of Energy and Infrastructure (MOEI) and Lootah Biofuels a leading circular economy pioneer producing biofuel from cooking oil in the UAE have signed a Memorandum of Understanding to...

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Energy Capital Group acquires Aujan Industrial Solutions

Saudi Arabia-based investment group Energy Capital Group (ECG) has completed the acquisition of Aujan Industrial Solutions (AIS) a leading provider of solutions to the oil and gas petrochemical metals...

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Adnoc Drilling: $358m dividend approved, AI growth promised

Adnoc Drilling Company has received shareholder approval for its final cash dividend for the year ending December 31 2023. The final approved dividend is 358 million bringing the total dividend to 717...

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Adnoc Technical Academy opens new campus in Al Dhannah City

Adnoc Technical Academy (ATA) has inaugurated its new campus in Al Dhannah city. The new campus reinforces Adnoc s commitment to developing and upskilling UAE National talent enabling future leaders to...

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Gulf Marine Services wins 4-year contract for its vessel

Gulf Marine Services (GMS) a leading provider of self-propelled support vessels for the offshore oil gas and renewables sectors has signed the first of a two phase four-year contract for one of its vessels...

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Malomatia, Jaggaer transform spend management in Qatar's energy sector

Malomatia a Qatari system integrator has partnered with Jaggaer a global spend management solution leader to revolutionise the source-to-pay landscape in Qatar s oil gas energy and utilities sectors. The...

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Honeywell joins 'Made in Saudi' as first gas detection manufacturer

Honeywell has announced that it will be the first gas detector manufacturer to join the Made in Saudi initiative demonstrating the company s commitment to supporting localisation and economic diversification...

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Tripling renewables goal 'feasible only with urgent global course correction'

The global goal of triple renewable power capacity by 2030 set at COP28 is contingent on creating favorable conditions for growth which is technically and economically feasible but necessitates determination...

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Adnoc signs second long-term agreement for Ruwais LNG project

Adnoc has signed a 15-year Heads of Agreement (LNG agreement) with SEFE Marketing & Trading Singapore a subsidiary of Germany s SEFE Securing Energy for Europe for the delivery of 1 million metric tonnes...

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Bapco Refining wins GCC economic operator, ISO certificates

Bapco Refining a wholly-owned subsidiary of Bapco Energies the integrated energy company leading the energy transition in Bahrain said it has received the GCC authorised economic operator (AEO) certificate...

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Adnoc issues early EPC award for Ruwais LNG project

Adnoc has issued a Limited Notice to Proceed (LNTP) for early engineering procurement and construction (EPC) activities to a joint venture led by Technip Energies with JGC Corporation and National Petroleum...

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UAE inaugurates hurricane-resistant power plant in Caribbean

The UAE-Caribbean Renewable Energy Fund (UAE-CREF) announced that the hurricane-resistant power project developed by Masdar for Antigua and Barbuda to withstand even the fiercest winds is now operational....

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QatarEnergy enters new exploration block offshore S Africa

QatarEnergy and TotalEnergies have signed a farm-in agreement with Africa Oil Corporation Ricocure and Eco Atlantic Oil & Gas to acquire participating interests in Block 3B/4B offshore South Africa. Following...

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Adnoc generates $500m value through AI deployment in 2023

Adnoc has announced that it generated 500 million (AED1.84 billion) in value by deploying artificial intelligence (AI) solutions in 2023. The value was generated from the integration of over 30 industry-leading...

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GPCA announces board of directors changes for 2024-2027

The Gulf Petrochemicals and Chemicals Association (GPCA) has announced changes to its Board of Directors for 2024-2027. Abdulrahman Al-Fageeh CEO of Sabic was re-elected for a three-year term as Chairman...

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