Energy

UAE Fuel Subsidy Reform gets a thumbs up from Moody’s

UAE Fuel Subsidy Reform gets a thumbs up from Moody’s

Fuel Subsidy Reform Is Credit Positive for United Arab Emirates and Abu Dhabi: Moody’s Hydrocarbon revenues comprised 75% of the UAE’s consolidated revenues in 2014 UAE fuel subsidies equal $730 per resident per year, compared with $2,810 in Qatar and $2,522 in Kuwait Last Wednesday, the United Arab Emirates Ministry […]

 
 

Price at the Pump Comparison [Infographic]

Price at the Pump Comparison [Infographic]

Global consumer demand for petrol has steadily grown thanks to low oil prices combined with economic growth, according to the International Energy Agency. In 2014, global oil demand was 92.6 million barrels per day, and demand for 2015 is expected to increase by 1.4 million barrels each day, for a […]

 
 

UAE and Saudi Arabia continues to grow despite lower oil prices

UAE and Saudi Arabia continues to grow despite lower oil prices

UAE and Saudi Arabia continues to grow despite lower oil prices, according to the latest Macro report from Crédit Agricole Private Banking  UAE new orders grow, and job creation hit three-month high in May’15 Saudi Arabia’s output and new orders expanded, but the growth rate eased GCC consumers to benefit […]

 
 

IRENA sets high standards with new building

IRENA sets high standards with new building

IRENA’s new complex in Masdar City, Abu Dhabi, is a fitting step forward to its energy mission The International Renewable Energy Agency (IRENA) reinforced UAE’s status as a global energy leader with its newly inaugurated headquarters in Abu Dhabi’s Masdar City on June 3, 2015 (Wednesday). The new complex– the 32,000 m2 […]

 
 

UAE and Germany prepare for MENA solar boom

UAE and Germany prepare for MENA solar boom

UAE in talks with Germany to help deploy renewable energy systems The UAE and Germany has entered into a dialogue to accelerate the deployment of renewable energy in light of recent solar cost breakthroughs. The inaugural meeting, held with the International Renewable Energy Agency (IRENA) as part of Abu Dhabi Sustainability Week, […]

 
 

University of Michigan Team wins Abu Dhabi Solar Challenge

University of Michigan Solar Car cruising through the streets of Abu Dhabi. Image credit-U-M

An atypical University of Michigan Solar Car squad raced in the inaugural Abu Dhabi Solar Challenge in typical U-M solar car fashion: finishing on top. The Michigan University team has today been awarded first place in the Abu Dhabi Solar Challenge, while second place went to the United Arab Emirate’s […]

 
 

Plummeting price of renewables creating a historic opportunity to build a clean, sustainable energy systems

Plummeting price of renewables creating a historic opportunity to build a clean, sustainable energy systems

Renewable power costs plummet, many sources now cheaper than fossil fuels worldwide, reveals latest report from IRENA   The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, the International Renewable […]

 
 

Abu Dhabi Solar Challenge underway at Yas Marina Circuit

Abu Dhabi Solar Challenge underway at Yas Marina Circuit

  Iconic racing circuit makes fitting venue for start of world’s greatest solar car event The Abu Dhabi Solar Challenge (ADSC), the first International Solarcar Federation (ISF) sanctioned event in the Middle East was launched at Yas Marina Circuit today. The event is part of Abu Dhabi Sustainability Week (ADSW). […]

 
 

Gulf States Likely to Curtail Record Spending Programs in 2015

Gulf States Likely to Curtail Record Spending Programs in 2015

Gulf States Likely to Curtail Record Spending Programs in 2015 Gulf States losing about $1 billion dollars a day over the last 6 months due to decline in oil price Top MENA Officials to Discuss Implications of Oil Market Turmoil on Tackling Middle East Youth Unemployment at Gulf Intelligence UAE […]

 
 

The Increasing Importance of the Energy Factor in Turkish-European Relations

The Increasing Importance of the Energy Factor in Turkish-European Relations

Building a Europe based on love and friendship, one of which both Russia and Turkey are members, will make the continent a more peaceful and prosperous place, says Harun Yahya.  Until the Industrial Revolution, a nations basic production policies were based on the soil and obtaining the population to work […]

 
 

Unconventional oil & gas to play key role in altering fuel mix: Frost & Sullivan

Unconventional oil & gas to play key role in altering fuel mix: Frost & Sullivan

A new analysis presents key trends that will transform the global market over the next decade and beyond While crude oil prices are sliding, many companies and governments are cautiously investing in new as well as existing technologies to obtain oil and gas (O&G) from unconventional sources. Unconventional O&G will […]

 
 

History Repeats Itself

History Repeats Itself

History Repeats Itself – An analysis on the oil price plunge by Harun Yahya The ongoing conflicts in the Middle East, especially ISIL taking siege of the crucial areas in Iraqi oil regions, and the risks regarding energy security caused Brent oil prices to reach their peak at 115.7USD per […]

 
 

Turkey’s energy vision as a bridge for peace

Turkey’s energy vision as a bridge for peace

Turkey growing as an economy with more energy needs, functioning as a transit hub and an importer of diversified energy supplies is a facilitator in all respects – opines Harun Yahya Energy is a vital need for people since the tools and technology people use in their daily lives and […]

 
 

Kuwait National Petroleum Company to invest $40 billion in mega projects

Kuwait National Petroleum Company to invest $40 billion in mega projects

Kuwait National Petroleum Company to invest $40 billion in mega projects KNPC CEO says the company has embarked on ambitious programme to implement many mega projects with an investment outlay of around $40bn Mohammad Ghazi Al-Mutairi, CEO, Kuwait National Petroleum Company (KNPC) was speaking at the Kuwait Projects 2014 event […]

 
 

GCC Petrochemical revenues at US$89.4bn in 2013

GCC Petrochemical revenues at US$89.4bn in 2013

Petrochemicals grew by US$6bn from 2012- 2013, growing at the rate of 7.3%  Petrochemicals revenues reached an all-time high in 2013 hitting the US$89.4 billion mark, the latest industry report by the Gulf Petrochemicals & Chemicals Association (GPCA) revealed. According to the GCC Petrochemicals & Chemicals Facts and Figures 2013, released […]

 
 

East Africa: The New Global Energy Hot Spot

East Africa: The New Global Energy Hot Spot

East Africa pioneers in worldwide oil and gas discoveries and with accelerated growth of hydrocarbon production; Region’s attractiveness for investment transpires, yet setbacks ahead – according to a report by IHS. East Africa is undergoing a major transformation to become a new world-class player on the energy market. By 2025, […]

 
 

Azerbaijan and Turkey’s Shared Dream: TANAP, the Project of the 21st Century

Azerbaijan and Turkey’s Shared Dream: TANAP, the Project of the 21st Century

Harun Yahya opines that mega projects like TANAP, apart from bringing in huge financial benefits will play an important role in bringing peace and well-being to the region. The Trans Anatolian Natural Gas Pipeline project (TANAP), described in person by senior members of the Azeri state as the “project of […]

 
 

Masdar Invests In The U.K.’s Offshore Wind Market

Masdar Invests In The U.K.’s Offshore Wind Market

Masdar, an Abu Dhabi-based energy company has announced a new partnership with the Norwegian energy companies Statoil and Statkraft for a 402 MW offshore wind farm. Masdar acquired a 35% stake in the 402 MW Dudgeon wind farm, which is enough to power up to 410,000 U.K. households. ‘Combined with […]

 
 

Fujairah to Emerge as Newest Global Energy Hub, says UAE Minister

Fujairah to Emerge as Newest Global Energy Hub, says UAE Minister

Fujairah, one of the seven Emirate of the UAE is to emerge as a leading Energy Hub. Fujairah, which has built the largest oil export terminal on the Indian Ocean and has plans for one of the largest LNG regasification plants, is positioned to emerge as a leading global energy […]

 
 

QSE Opens Enormous Solar Panel Factory In Qatar

QSE Opens Enormous Solar Panel Factory In Qatar

Qatar Solar Energy has launched an enormous solar panel factory in Qatar, and they even want to expand production further to 2.5 GW. Qatar, a country located halfway down the west coast of the Arabian Gulf, has an arid climate and long summers. Qatar receives 11 hours of sunshine per day […]

 
 

Middle East to Drive Global Energy Security for the Next 30 Years

Middle East to Drive Global Energy Security for the Next 30 Years

As Global Energy Consumption is Set to Rise 41 Percent by 2035, ADIPEC 2014’s Theme is “Challenges and Opportunities for the Next 30 Years” The 17th edition of the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2014) will kick off from 10 to 13 of November. RELATED: UAE-World’s Renewable Energy […]

 
 

Saudi Arabia’s Economic Diversification: Challenges Ahead

Saudi Arabia’s Economic Diversification: Challenges Ahead

Saudi Arabia has been one of the best-performing G20 economies; however, the key to long-term sustainable economic growth lies in its economic diversification. Saudi Arabia’s reliance on oil for wealth needs no introduction. It accounts for nearly 80% of budget revenues and 90% of export earnings. Overexposure and reliance on […]

 
 

Middle East Chemical Exports to Outgrow Oil & Gas

Middle East Chemical Exports to Outgrow Oil & Gas

Chemicals will be fastest growing industry in Middle East for next three years, as producers move toward higher value products, says IHS. Driven by U.S. shale competition and changing feedstock mix, investments in technology and integration will help chemical industry diversify, maintain growth and expand job creation IHS Inc., the […]

 
 

Innovative Ideas Revealed To Stimulate Investment in Clean Energy

Innovative Ideas Revealed To Stimulate Investment in Clean Energy

Finance for Resilience (FiRe) selects 12 ideas with significant potential to increase global investment in clean energy The pre-selection panel of Finance for Resilience has revealed a list of 12 promising ideas to accelerate the flow of finance for clean energy worldwide. Finance for Resilience (‘FiRe’) is a non-profit initiative […]

 
 

UAE achieves Nuclear Milestone

UAE achieves Nuclear Milestone

UAE has set a unique precedent in the Middle-eastern region by installing the condenser for its nuclear power plant at Barakah. While many countries are involved in the bid to come out as ‘nuclear super powers’, the United Arab Emirates has set a unique precedent by installing the condenser for […]

 
 

Curtail Domestic Energy Consumption Habits: UAE Energy Minister

Curtail Domestic Energy Consumption Habits: UAE Energy Minister

UAE Needs to Curtail Domestic Energy Consumption Habits, Minister of Energy Says The United Arab Emirates, with the second largest Arab economy, will develop a diversified and efficient energy portfolio that will sustain future economic growth and extend the country’s position as a reliable supplier of crude oil to global […]

 
 

Abu Dhabi Sustainability Week Energy/Water nexus

Abu Dhabi Sustainability Week Energy/Water nexus

by Nicholas Brown. Many of the world’s countries have been trying to address current or impending water shortages, adopt renewable energy sources, and more. However, while some have made strides, others are struggling. They need ideas, and Masdar is addressing this by bringing many people (including world leaders) together in […]

 
 

Engagement, the Key to Sustainability!

Engagement, the Key to Sustainability!

by Nicholas Brown. People often argue about whether the economy or the environment is more important. As they are both critical, we must find a way to protect both. Fortunately, much can be done for both the environment without compromising the economy, and economic rewards accumulate even in the near […]

 
 

Energy Efficiency and Savings a UAE Priority

Energy Efficiency and Savings a UAE Priority

Energy Efficiency can save consumers and businesses money. No matter how ‘green’ the energy supply is — it is not as ‘green’ as conservation. Turning the lights ‘Off” or lowering the demand on the air conditioning unit, always results in real savings. Newer buildings have dramatically lower energy costs per […]

 
 

Solar panel canopy to make 50% of Expo 2020 power

Solar panel canopy to make 50% of Expo 2020 power

by Nicholas Brown. At the centre of Dubai’s 2020 Expo, a flexible canopy of solar panels will be installed above the crowds to generate electrical energy and to provide shade. Solar canopies are one of the most sustainable solar applications because the solar panels not only offset fossil fuel energy […]

 
 

Qatar Non-Hydrocarbon Sector to Surpass Oil + Gas

Qatar Non-Hydrocarbon Sector to Surpass Oil + Gas

Qatar Non-Hydrocarbon Sector to be Worth Half of Qatar GDP by 2015. QNB Group Economists: ‘Non-Hydrocarbon Sector’ Infrastructure Investments Are Driving Double-Digit Growth. Future Development in Focus at The Euromoney Qatar Conference. Qatar’s real GDP is expected to grow by 6.5 percent in 2013 and 6.8 percent in 2014. Qatar […]

 
 

Japan Plans Major Lunar Solar Panel Installation

Japan Plans Major Lunar Solar Panel Installation

by Nicholas Brown. Giant lunar solar panel installation planned by Japan will beam the energy back to the Earth via microwave transmissions. Shimizu Corporation, wants to use the moon as a platform for solar power generation. One might wonder why they would place solar panels in such a remote location, […]

 
 

ADIPEC 2013 Middle East’s biggest oil and gas event opens

ADIPEC 2013 Middle East’s biggest oil and gas event opens

Third Largest Oil and Gas Event in the World convenes in Abu Dhabi, with global policy makers, industry experts, academia and media in attendance.

 
 

Middle East Pivot to Asia for Big Trade & Energy Growth

Middle East Pivot to Asia for Big Trade & Energy Growth

Middle East & North Africa need $1 trillion energy boost by 2030 Six Gulf Cooperation Council countries will make up 50% of MENA GDP by 2015, says IHS in their latest report More than USD1 trillion of investments are needed by 2030 to meet demand for gas and electricity in […]

 
 

Top Six Oil and Gas Industry Trends for 2014

Top Six Oil and Gas Industry Trends for 2014

Booz Allen Announces Top Six Oil and Gas Industry Trends for 2014 Today’s oil and gas industry executives – including control room operators monitoring use data, chief information security officers analyzing the potential cyber security risks of a new IT system, and oil rig managers discussing drilling sites with geologists […]

 
 

Gas crisis to hit GCC by 2015

Gas crisis to hit GCC by 2015

Estimates of a global consultancy firm show that the GCC could face severe gas shortages as early as 2015 as the supply is struggling to keep pace with the surging demand. Published by Booz & Company, the report titled ‘Gas shortage in the GCC – how to bridge the gap’, […]

 
 

Qatar Solar buys into Germany’s SolarWorld

Qatar Solar buys into Germany’s SolarWorld

SolarWorld, Germany’s largest but financially struggling solar firm, has approved restructuring efforts and paved the way for acquisition of a large stake in the company by Qatar Solar. Under the comprehensive restructuring plan, Qatar Solar will acquire a 29 percent stake in the debt-laden firm, helping it to avert an […]

 
 

UAE, KSA’s billion-dollar solar push

UAE, KSA’s billion-dollar solar push

The UAE and Saudi Arabia prepare to raise more than USD 1.5 billion by the end of 2014 to finance new solar energy projects and reshape the future of renewable energy in the region. Both nations are major oil producers in OPEC and are heavily reliant on hydrocarbons to meet […]

 
 

Energy efficiency = comfort, lower utility bills

Energy efficiency = comfort, lower utility bills

Across the UAE, where the average daily temperature in the summer can soar to over 40-degrees celsius (104-degree Fahrenheit) for weeks at a time, it might seem the weather is to blame for the country’s huge per capita carbon footprint, as the perpetual heat makes air-conditioning a necessity for most […]

 
 

MENA embraces green revolution

MENA embraces green revolution

A new report shows the Middle East and North Africa (MENA) region is making a conscious effort to reduce its reliance on hydrocarbons and aggressively move toward renewable energy resources. The MENA Renewables Status Report by the World Future Energy Summit says the region must reconsider its approach to energy […]