Crescent Petroleum, the Middle East's first and largest private exploration and production company, has signed a memorandum of understanding (MoU) with the Local Organizing Committee (LOC) for Special Olympics World Games Abu Dhabi 2019 to sponsor the World Games taking place 14-21 March, underscoring its commitment to empowering people of determination and encouraging their inclusion in all aspects of life in line with the Year of Tolerance.

Crescent"...

ABU DHABI, 15th January, 2019 (WAM) -- After the acquisition of a 40 percent stake in Abu Dhabi’s Tabreed in June 2017, French energy giant ENGIE, has become a worldwide leader of independent district cooling, according to a top executive of the company.

'We are very satisfied with our business targets in Tabreed, the National Central Cooling Company. The government of UAE has succeeded in creating a good business environment for a well-established"...

Italian oil and gas company Eni won three concessions in Sharjah’s first-ever competitive bid, adding to the firm's partnerships in the UAE’s energy industry.

State-owned Sharjah National Oil Corporation, which launched the bidding round last year, awarded Eni, areas A, B and C onshore exploration concessions, the Italian firm said in a statement on Sunday. The value of the deal was not disclosed and it didn't specify when exploration"...

ABU DHABI, 13th January, 2019 (WAM) -- Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi yesterday.

As global demand for energy rises, natural gas is emerging as a fuel of choice for power generation in the 21st century, serving as a"...

Global technology giant Siemens said it has been awarded a major contract by leading North American energy producer Encana to provide one feed and sales gas train and one refrigeration compression train for its pipestone processing facility in Grand Prairie, Alberta, Canada.

Designed to accommodate future capacity expansion, the Pipestone Processing Facility will provide"...

Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning.

As global demand for energy rises, natural gas is emerging as a fuel of choice for power generation in the 21st century, serving as a central ingredient in a more sustainable"...

Canada has today (January 9) officially become a member of the International Renewable Energy Agency (Irena).

It is the 160th member to join the global intergovernmental organisation dedicated to the widespread adoption of renewable energy.

Renewable energy accounts for two-thirds of the country’s power generation and just under 20 per cent of its total final energy supply thanks largely to significant hydropower resources, which make it the second largest producer of hydropower in the world,"...

RIYADH: After dwindling to near 16-month lows at the end of 2018, oil prices bounced back in the first week of the year, helped by OPEC’s proactive output cuts and positive economic news from the US.
The year 2019 started with a progressive rebound in oil prices after the 2018-year end nose-dive when Brent crude ended slightly above $52 per barrel. The first week in 2019 closed with Brent crude at $57.06 per barrel and WTI at $47.96 per barrel — one of the best weekly gains in two years.
It marked"...

Petrochemicals, plastic and rubber are the key drivers of the economic growth, said Dr Abdullah bin Mohammed Belhaif Al Nuaimi, UAE Minister of Infrastructure Development.

He was speaking after officially opening ArabPlast 2019, the biggest plastics, petrochemicals and rubber industry exhibition in the Middle East and North Africa (Mena) region, at the Dubai International"...