Post Tagged with: "UAE"

A major milestone. The first unit at the Barakah Nuclear Energy Plant in Al-Dafrah. (AFP)

UAE nuclear power plant’s first reactor ready for operation

The Arab Weekly



Once fuel assemblies are loaded into the reactor, Nawah will begin the start-up sequence for testing. Barakah will be the United Arab Emirates’ first nuclear plant and the world’s largest when completed, with four reactors and 5,600

Source: Reuters

UAE to double renewable energy portfolio in next ten years: ADNOC

Reuters


ABU DHABI (Reuters) – The United Arab Emirates grew its renewable energy portfolio by more than 400% in the last 10 years, and is on track to double that again in the coming decade, Abu Dhabi National Oil Co. …

January 13, 2020 - 2:30 pm Closing Bell Story‎, Energy News, ESG, International
Oil Tanker Disappears in the Strait of Hormuz

Oil Tanker Disappears in the Strait of Hormuz

By Tyler Losier, Energy Reporter, Oil & Gas 360

UAE denies ownership of the Panama-flagged vessel, which has been missing for two days
The Riah, a 190-foot Panama-flagged oil tanker traveling through the Strait of Hormuz, has been missing since

More OPEC Producers Turn to Public Markets

More OPEC Producers Turn to Public Markets

Abu Dhabi looks to publicly list parts of its national oil company

The United Arab Emirates plans to list part of its national oil company on public markets in order to create new revenue streams and gain access to new …

Oil Bounces off 12-Year Low Following UAE Comment about OPEC Cut

Oil Bounces off 12-Year Low Following UAE Comment about OPEC Cut

UAE energy minister said OPEC members ready to cooperate

The price of oil today approached a new low of $26.21 per barrel today, the lowest since May 8, 2003, when it hit $26, before bouncing up on news of a …

OPEC Removes Production Limit Altogether: the End of the Cartel?

OPEC Removes Production Limit Altogether: the End of the Cartel?

“We aren’t going to go back to a cartel … That time has passed” – U.A.E. Minister Al Mazrouei

Just over a year after deciding to change its focus to defending market share rather than oil prices, OPEC members left …

OPEC a Year Later: Who Will Adapt and Survive?

OPEC a Year Later: Who Will Adapt and Survive?

A shot heard round the world

Last November 27, OPEC sparked the decline in crude oil prices that would see both international benchmark Brent crude, and U.S. benchmark WTI crude, lose more than 50% of their value. The group decided …

Source: Iraqenergy.org

UAE Wants to Increase Production by 30% in 5 Years

The UAE is looking to use enhanced oil recovery to increase production moving forward

The United Arab Emirates (UAE) is looking to enhanced oil recovery (EOR) to push its production higher as the chances of finding new reserves decrease. OPEC’s …

UAE’s Emirates National Oil Company Buys Out Subsidiary for $3.7 Billion

UAE’s Emirates National Oil Company Buys Out Subsidiary for $3.7 Billion

Emirates National Oil Company (ENOC), a wholly owned entity of the Dubai government, will buy out Dragon Oil for $3.7 billion. Neither company has confirmed the announcement but several news outlets are reporting an agreement has been reached.

ENOC …

June 15, 2015 - 3:25 pm Mergers & Acquisitions, Oil and Gas 360 Articles, OPEC