Environment & Energy | Sunday 9 December, 2018 12:32 pm

ADNOC Announces Groundbreaking Blockchain Application for the Oil and Gas Production Value Chain Using IBM Blockchain

The Abu Dhabi National Oil Company (ADNOC) has announced its successful collaboration with IBM, piloting a Blockchain-based automated system to integrate oil and gas production across the full value chain. The groundbreaking system provides a secure platform for the tracking, validating and...

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Environment & Energy | Sunday 9 December, 2018 3:15 am

The 8th International District Cooling Conference & Tradeshow to kick off in Dubai on Monday, 10 December

An in-depth, special master class on microgrids will be one of the pre-event highlights of the 8th International District Energy Association (IDEA) District Cooling Conference and Tradeshowwhich will be conducted on December 9, 2018 in Dubai. The conference is hosted by Emirates Central...

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Environment & Energy | Sunday 9 December, 2018 3:05 am

SPARK: Megaproject designed to position KSA as global energy hub

As a business strategy, localization can be right on the money, delivering reliability plus cost and time efficiencies to the bottom line. But the real power of local content development lies in its ability to add value beyond corporate borders, with a competitive boost to local and regional...

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Environment & Energy | Saturday 8 December, 2018 12:44 pm

KSA takes part in Arab Electricity Union conference

Dr. Naif bin Mohammed Al-Ebady, undersecretary for electricity at the Ministry of Energy, Industry and Mineral Resources, led the Kingdom’s delegation to the sixth general conference for the Arab Electricity Union being held in Jordan. Al-Ebady reviewed the country’s experience...

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Environment & Energy | Saturday 8 December, 2018 2:07 am

Oil prices surge on OPEC deal to cut output by 1.2m barrels

Oil prices jumped more than 4 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia agreed to reduce output to drain global fuel inventories and support the market. The Organization of the Petroleum Exporting Countries and its Russia-led allies, referred to...

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Environment & Energy | Friday 7 December, 2018 1:56 am

Saudi Crown Prince to Attend Aramco Megaproject SPARK launch next week

Saudi Arabia's Crown Prince, HRH Mohammed Bin Salman Bin Abdulaziz, will attend the ceremony at which Aramco will fire the starter pistol for construction of the megaproject, located in the kingdom's Eastern Province. The groundbreaking ceremony for Spark will be held at...

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Environment & Energy | Thursday 6 December, 2018 1:32 am

The 8th International District Cooling conference to kick off 9th December in Dubai

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that the 8th International District Energy Association (IDEA) Annual Conference and Tradeshow 2018 will be held under the patronage of His Highness Sheikh Ahmed bin Saeed Al ...

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Environment & Energy | Wednesday 5 December, 2018 2:46 am

Saudi energy minister participates at UN climate change summit

The Minister of Energy, Industry and Mineral Resources headed Saudi Arabia’s delegation on Tuesday to the Summit of the Heads of States’ Parties at the UN summit on Climate Change. Minister Khalid Al-Falih is participating on behalf of Saudi Arabia’s King Salman, from Dec. 2 to...

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Environment & Energy | Tuesday 4 December, 2018 3:14 pm

Saudi Energy Minister to Bloomberg Television: Premature to Say if OPEC+ to Cut Output

In an interview with Bloomberg Television, Saudi Arabia’s Energy Minister Khalid Al-Falih said it was premature to say if OPEC+ will cut output.    Speaking to Annmarie Hordern, Al-Falih added:   Uncertain what size supply cut the world needs It’s OPEC+...

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Environment & Energy | Tuesday 4 December, 2018 1:14 pm

Saudi Aramco Awards BHGE Major Well Services Contract for Conventional Fields in Saudi Arabia

Baker Hughes, a GE company (NYSE:BHGE) has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimizing production from new and existing wells across conventional fields in Saudi Arabia.    Demonstrating the strength and breadth of its...

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