Doha, August 13, 2017: Mr. Ahmed Saif Al-Sulaiti, the Chairman of the Board of Directors at Qatar Fuel Company (WOQOD), approved the financial statements for the period ending on 30 June 2017.
Announcing WOQOD’s financial results Chief Executive Officer, Saad Rashid Al-Muhannadi said that the Net profit for the parent company (after excluding minority interest) amounted to QR 373 million as compared to QR 540 million for the same period in 2016, with a decrease of QR 167 million or 31%. The main reasons for the decrease in earnings, as compared to first half of 2016, is primarily attributed to the change in the new terms for fuel supplies to WOQOD and its customers, and secondly to the increase in the National Pension Funds contributions as per the current legislation as well as the decline in the value of investment in ......read more
Doha, Qatar, 29 November 2016: As part of maximising participations in the third Emirates Energy Award (EEA) 2017 that is organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai under the theme ‘Innovative Solutions for Clean Energy’, Dubai Supreme Council of Energy (DSCE) held yesterday (Monday, 28 November 2016) a press conference in Doha to promote the Award among representatives from the public and private sector companies, colleges, universities and research centres along with members of media.
”The award aims to develop innovative insights and ideal practices to create new methods and ways to achieve sustainable growth. Qatar is renowned for its remarkable expertise in the energy sector in general and renewable energy ......read more
Dubai, UAE- Halul Offshore Services Co., the offshore marine services arm of Milaha (Qatar Navigation), won the ‘Excellence in Health, Safety & Environment Award’ at the recently concluded 2nd Offshore Achievement Awards for the jack-up rig & liftboat industry. The award ceremony was held during the annual Offshore Jack Up Middle East (OJME) Conference at The Address Hotel, Dubai Mall, UAE.
The prestigious award recognized the outstanding performance of Halul Offshorein ensuring the health and safety of its employees and partners in addition to protecting its assets and the environment.
Mr. Abdulrahman Essa Al-Mannai, President and CEO of Milaha, Halul Offshore’s parent company, said: “The 2nd Offshore Achievement Awards 2016 is a leading platform for the Jack Up Rig & Liftboat industry, ......read more
PV power plant accounts for approximately 1% of Jordan’s total power generation capacity
TEMPE, Ariz./AMMAN, Jordan, October 9, 2016 – First Solar, Inc. (Nasdaq: FSLR) today announced that it has commissioned the 52.5 megawatt (MW)AC Shams Ma’an project in the Hashemite Kingdom of Jordan, on schedule.
The plant is owned by a consortium of investors consisting of Diamond Generating Europe Ltd., Nebras Power Q.S.C. and the Kawar Group. First Solar significantly contributed to the development of the project before divesting its stake and being appointed the Engineering, Procurement and Construction (EPC) contractor. Shams Ma’an has a 20-year Power Purchase Agreement (PPA) with the National Electric Power Company (NEPCO), the country’s power generation and distribution authority.
“First ......read more
Advanced Conferences & Meetings is proud to announce the launch of the first annual conference dedicated to the design, development and management of Qatar’s parking facilities.
With congestion and parking being a major challenge for Qatar, this presents opportunities for the parking industry to provide solutions for existing infrastructure and for future developments.
Developments such as Lusail City, Education City, Msheirib Downtown and Pearl-Qatar are being established with foundations for intelligent infrastructure to ensure they meet the country’s plans to have Smart Cities.
Smart Parking Qatar 2016 Conference will incorporate case studies and quality speakers from the relevant government agencies and other stakeholders from Qatar as well as from across the region and abroad to discuss the wide variety of ......read more
Doha, Qatar, October 29, 2015: The current progress and future of the power sector and plans to promote renewable energy resources in the State of Qatar were discussed at length, across two days at the recently concluded Power Qatar Summit 2015, held under the patronage of KAHRAMAA. Organized by global conference producers, Expotrade, the summit was held on 26-27 October at The Ritz-Carlton, Doha.
Eng. Abdulaziz Al Hammadi, Manager – Conservation & Energy, Qatar General Electricity & Water Corporation (KAHRAMAA), inaugurated the summit along with Fahad Al Mohannadi, General Manager & Managing Director, Qatar Electricity and Water Company (QEWC) and Saleh Hamad Al Marri, Head of Renewable Energy Technologies, KAHRAMAA. The opening session was attended by dignitaries such as 1st Secretary Jihun CHO, Embassy of the ......read more
Doha, Qatar, October 26, 2015: In the esteemed presence of dignitaries from the government and ambassadors of embassies including Indonesia, Canada, Korea and Palestine, Eng. Abdulaziz Al Hammadi, Manager – Conservation & Energy, Qatar General Electricity & Water Corporation (KAHRAMAA) opened the Power Qatar Summit that got underway in the city today. Held under the patronage of KAHRAMAA and organized by global conference producers, Expotrade, the summit is the only dedicated power generation and transmission event in the region. In the face of the emerging dynamics of Qatar’s power market, the summit presents a unique opportunity for the industry to come together to drive forward actionable insights that spurs decisive action.
The Guest of Honor, Eng. Abdulaziz Al Hammadi delivered the welcoming address that was ......read more
Less Energy-Intensive Methods of Water Treatment to Play Pivotal Role in Meeting Ever-Growing Demand for Potable Water in the Region
Abu Dhabi, United Arab Emirates - 26 October 2015: The GCC will increase its total seawater desalination capacity by nearly 40 per cent by 2020 in an effort to meet the rapidly increasing demand for potable water in the region, according to new figures revealed by the International Water Summit in collaboration with MEED Projects.
According to the data produced by MEED Projects, the GCC’s current seawater desalination capacity of approximately 4,000 million imperial gallons a day (MIGD) is set to increase to more than 5,500MIGD – nearly 40 per cent – over the next 5 years as the GCC states invest heavily in increasing potable water supply.
Desalination is becoming an ......read more
Doha, Qatar, October 25, 2015: The two- day Power Qatar Summit, which is to be held under the patronage of Qatar General Electricity & Water Corporation (KAHRAMAA) will be opened tomorrow here at Ritz-Carlton Doha.
The event focused on power generation and transmission in the State of Qatar will witness the presence of a number of visitors, exhibitors and delegates among others to discuss and exchange ideas concerning region’s energy future. Organized by global conference producers, Expotrade, the summit will explore the growing focus on renewable energy, energy efficiency, and clean technology and offer a comprehensive overview on the future of energy development in the region,
The 2015 conference agenda offers delegates an overview of Qatar’s sustainable energy plans and future strategies in the arena. The summit ......read more
Doha, Qatar, October 11, 2015: Later this month on 26–27 October, the state of Qatar known for its abundant natural energy resources will witness the region’s leading power generation, transmission and distribution event, the Power Qatar Summit. Held under the patronage of Kahramaa, the Summit brings together senior decision makers within the government, regional and global thought leaders from the public and private sectors to collaborate and discuss the future developments in the energy sector for the region.
The two-day summit will provide invaluable networking opportunities to over 350 delegates, including project advisors, developers and planners, energy suppliers, utilities and network operators, analysts and system integrators, designers, architects and engineers, consultants and sustainability ......read more
World’s largest gas recovery project now at full capacity
DUBAI – UAE: September 22, 2015 – Emerson Process Management, a global business of Emerson (NYSE:EMR), has provided automation and engineering services for a Qatargas project that will reduce greenhouse gas emissions by 1.6 million tonnes annually.
Now fully operational, the Jetty Boil-Off Gas (JBOG) Recovery facility is the biggest of its kind and one of the largest environmental investments in the world. It is expected to recover more than 600,000 tonnes of liquefied natural gas per year – equivalent to the energy supply for more than 300,000 homes.
The facility is designed to recover the gas flared during liquefied natural gas (LNG) loading at the six LNG berths in Ras Laffan Port. The gas is compressed and sent to the Qatargas and RasGas ......read more
Doha, Qatar, July 9, 2015: Richly endowed in solar energy and supported by innovative research and infrastructure development plans, the GCC region has witnessed rapid growth in renewable energy generation and consumption. Qatar is leading the region by deploying new renewable energy initiatives and has become a major powerhouse in solar energy. Being the most abundant and viable energy source, it effectively addresses the increasing power requirements in the region.
In line with the country’s vision to promote sustainability and environmental awareness and reduce dependency on fossil fuels, the government has implemented several solar energy projects, including large-scale solar power plants, solar desalination projects and solar panel manufacturing plants. Qatar General Electricity & Water Corporation (Kahramaa) has ......read more
Deloitte: OPEC’s oil market share to fall by 5% by 2018
Deloitte: New global patterns could threaten OPEC’s position on global markets
5 July, 2015- The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector. However the current fluctuations may speed up some of the trends that were already unfolding according to Deloitte’s latest Oil and Gas Reality Check 2015 report.
The report outlines six of the major issues currently impacting the oil and gas industry (and the upstream market in particular). These issues include an anticipated shift in supply-demand fundamentals, the emergence of new trading patterns, consideration of OPEC’s role in the market, falling LNG prices, the long-term costs of complex projects and evolving dynamics between integrated oil companies ......read more
Abu Dhabi, UAE, July 4, 2015 – Today marks the two-year anniversary of the inauguration and completion of London Array – the world’s largest offshore wind farm. The sophisticated, 630-megawatt wind power project – and Masdar’s largest international investment to date – continues to deliver clean and reliable energy to more than half-a-million homes throughout the United Kingdom.
Since its launch, London Array has produced more than 5-terawatt hours of affordable, renewable electricity, while mitigating more than 2 million tons of CO2 emissions.
“As the largest operating offshore wind farm, the London Array has helped lead the way for the global renewable energy sector,” said Dr Ahmad Belhoul, CEO of Masdar, Abu Dhabi’s renewable energy and clean-technology company. “London ......read more
Doha, Qatar, June 24, 2015: For a while now, countries have been addressing the implications of global warming and have taken grave measures to transition towards a sustainable, low-carbon economy. According to a report by a leading industry body, 57% of the world’s electricity will come from renewable energy by 2050 and the energy demands will be met from eight different sources, that include, coal, oil, gas, nuclear, hydro, biomass, wind and solar.
Rapid developments have resulted in the availability of new technologies in generation, transmission and distribution of power. Additionally, the rising demand and high dependence on reliable electricity supply has resulted in the need for network configuration that supports the increase of high voltage direct current (HVDC) technology, thereby guaranteeing smart, reliable and ......read more
Dubai, United Arab Emirates, 23 June 2015: The value of major active projects in Turkey is worth almost $350bn representing an excellent new opportunity for GCC contractors and consultants impacted by falling oil prices, according to new research by MEED Projects, the region’s leading online projects tracking service.
Thanks to its booming economy and fast-growing population, Turkey has really accelerated its nationwide infrastructure programme in recent years. For active projects worth more than $100m, the largest individual sector is transport, with $135bn worth of projects either planned or under construction, mainly in the form of new roads, railways and airports.
It is closely followed by the power sector, which has $125bn worth of projects planned or under construction, including nuclear, solar and wind power ......read more
Call for Papers Breaks Industry World Record with 2,278 Proposals from 540 Organizations Across 65 Countries
Abu Dhabi, UAE – 23 June 2015 – Global industry leaders and decision-makers are set to make the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2015 a record-breaker, with the number of abstract submissions for the Conference Programme rising 26 percent from 2014.
With a total of 2,278 proposals submitted from 540 organizations across 65 countries, the ADIPEC 2015 Conference Programme is already building on the success of last year’s event, which received 1,806 abstracts. Nearly half of submissions this year were received from outside the Middle East, underscoring the Abu Dhabi event’s importance as the world’s new meeting point for the global oil and gas community.
The ......read more
Pursuit of Local Water, Energy and Environment Innovations to be Boosted by New Advanced Facility
Abu Dhabi-UAE: 22 April, 2015 ̶ Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, is launching its new Analytical Chemistry and Biochemistry (ACBC) Laboratory as part of its continuing contribution to the UAE’s indigenous research infrastructure and capacity.
“The new ACBC Laboratory and all of the core labs at Masdar Institute are advanced research and training facilities. Our main focus is to increase advance research and increase the number of researchers in the UAE with the skills to operate and understand the results provided by the equipment. These core labs serve as research support, ......read more
Doha, Qatar, June 14, 2015: Qatar has witnessed unprecedented and sustained growth over the past few years and is considered as the fastest growing power markets amongst the Gulf Cooperation Council (GCC) countries. Accelerated socio-economic development coupled with expanding population, high rates of urbanization and substantial industrialization has led to the extensive utilization of its natural resources.
Across the Middle East, the significant increase in demand for energy has doubled over the last decade and will continue to grow in leaps and bounds. In order to cater to this upsurge, it has become imperative to look beyond the existing resources and take credible measures that will reduce the impact of energy use on the environment, help conserve natural resources and boost efficiency.
Qatar, on the other hand, being a ......read more
Economic development of the ‘Al Radeef’ gas discovery not feasible under local conditions
Doha / Kassel, May 20, 2015: Wintershall is ceasing its activities in Qatar and is returning Block 4 North near the North Field off the Qatari coast on 25 May 2015. Wintershall’s office in Doha will be closed. In 2013, Wintershall made the “Al Radeef” gas discovery off the cost of Qatar.
“During the development planning, it was always clear to us and our partners that an economic development of the discovery, including the processing of the gas, would only be possible if we have access to local infrastructure. This access was not granted. That is why we have decided to take this step”, explains Wintershall Board Member Martin Bachmann, who is responsible for exploration and production in ......read more
Safety Maturity Index tool provides insights into where and how manufacturers need to optimize safety to improve plant performance
Abu Dhabi, UAE – 13th May 2015 – Rockwell Automation today announced the Safety Maturity Index (SMI) tool, a self-guided assessment that gives manufacturers visibility into the effectiveness of their safety programs and the ability to optimize plant performance. Applicable to any industry, any plant size and any location in the world, the SMI tool helps manufacturers see where they measure in safety culture, compliance and capital. Most importantly, it provides recommendations to help achieve best-in-class safety performance.
The three principal components of a successful safe workplace – culture (behavioral), compliance (procedural) and capital (technical) – are equally critical ......read more
UAE, May 14, 2015- Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas reported today the financial results for Q1 2015 ended March 31st.
Revenues recorded for the quarter stood at AED 1.11 billion driven by operations in the KSA and UAE markets each contributing 41% and 25% of the cumulative topline achieved in Q1 2015 respectively.
Earnings per Share (EPS) stood at AED 0.011 and Net profit reached AED 27.8 million.
DSI started the year with a positive momentum at its home market the UAE and managed to secure AED 378 million worth of new Engineering and General Contracting contracts in Q1 2015 across the Hospitality and Commercial ......read more
Dubai, 5 May 2015 – Global shipping, logistics and marine services company, GAC, is further strengthening its strategic focus on the worldwide energy sector with the appointment of William Hill as its Executive Group Vice President – Oil & Gas.
Group President Bengt Ekstrand says bringing a specific senior management focus on Oil & Gas is a clear signal of GAC’s intent. "Our aim is to be more strategic, more active and more successful in this sector.”
“Over the decades, GAC has built up a broad suite of assets and skills in Oil & Gas,” he adds. “With Hill's appointment, we will expand our footprint and impact as a global provider to this dynamic and demanding industry.”
Hill joined the GAC Group in 1984 and held marketing and business development roles in ......read more
High-tech equipment manufacturer achieves new, record efficiency for its CIGS modules on mass production line in Schwäbisch Hall
Impressive transfer of the 21.7% world record for laboratory cells of technology partner ZSW Stuttgart to mass production
CEO Dieter Manz: 16% record efficiency in module format is an important milestone, but immense potential of CIGS technology not nearly exhausted
Dubai, May 04, 2015. With a module efficiency of 16%, Manz AG presented an impressive new record efficiency grade for CIGS thin-film solar modules at SNEC in Shanghai, the world's leading trade fair for the photovoltaics (PV) industry. In doing so, Manz is pushing forward into a new dimension and closing the efficiency gap that has previously existed when compared to multi-crystalline technology that is still prevalent today. ......read more
Doha, Qatar - Qatar Petroleum (QP) board of directors has decided to integrate Qatar Petroleum International (QPI) within QP, in an effort to further expand Qatar Petroleum’s growth, development and international presence.
With this integration, QP will leverage a combined set of technical, commercial and financial capabilities, while ensuring the highest effectiveness and efficiency in the use and deployment of its human and financial resources.
The integration will see QPI’s employees, assets and projects transition into the new QP organization commencing in March of this year.
Mr. Saad Sherida Al Kaabi, President and CEO of QP, said: “The integration of QPI into QP will unquestionably help us enhance our ability to expand internationally and extract further value for QP and the State of Qatar across ......read more
Doha, Qatar, August 11, 2015: In an endeavor to offer better energy management solutions to consumers, Qatar General Electricity & Water Corporation (KAHRAMAA) has leveraged the collaborative understanding of Information Technology and the power sector to launch its smart meter project. With decisive implementation plans to make the country a pioneer in smart energy management, KAHRAMAA ......read more
Trotec Group Germany has entered into an agreement with Vacker Group Dubai for distributing their dehumidifiers and other products in United Arab Emirate and other Middle East countries.
9 May 2015 – Vacker Dubai is excited to announce that they are now supplying international quality dehumidifiers in all of UAE, Oman, Qatar, Bahrain and Kuwait. Vacker Dubai is a distributor of The ......read more
3 March 2015 • Doha, Qatar – Qatar Petroleum (QP) hosted today a farewell reception in honour of His Excellency Ambassador Abdulaziz bin Ahmad Al-Malki, on the occasion of his appointment as Qatar’s Ambassador Extraordinary and Plenipotentiary to the Republic of Italy.
The reception was attended by Mr. Saad Sherida Al-Kaabi, the President & CEO of QP, as well as by the ......read more
Action Qatar recently helped organise the inauguration event for Al Bidda Switchgear, the largest world-class facility in Qatar for total electrical switchgear manufacturing, general sheet metal engineering and fabrication, powder coating services and general trading.
The event was inaugurated in Qatar’s New Industrial Area under the patronage of His Excellency Sheikh Hamad Bin Suhaim ......read more
Juno Lighting Group joins Schneider Electric’s significant market presence in the Middle East; the company’s innovative luminaires will be distributed by Lumasense
Dubai, UAE– 23 November 2014 – Schneider Electric, a global specialist in energy management with operations in more than 100 countries, today announced that it has expanded distribution of its market-leading ......read more
Aligning Cultures, Communication and Competence Key Issue in Post “Easy Oil Era” Panel Tells Delegates
Abu Dhabi, UAE – 13 November 2014 – The regional oil and gas industry needs to place Health, Safety and Environment (HSE) issues at the centre of planning during the post “easy oil” era, a distinguished panel of international experts and industry thought ......read more
• Company Showcases Leadership in ‘Smart City’ Technology
Doha-Qatar: 10 April, 2014 – Schneider Electric, the global specialist in energy manage-ment, supported the third Arab Future Cities Summit (AFCS), the Middle East’s premier smart cities event that took centre-stage in Doha earlier this week.
As part of its participation, Schneider ......read more
Assessment Report Calls for Clear Policy and Legal Framework in GCC Region to Ensure Sustainable Deployment of Renewable Energy Projects
Abu Dhabi-UAE: 25 July, 2013 – Clear policy and legal framework with a consistent strategy will ensure sustainable deployment of the renewable energy projects across the GCC region, according to a GCC-wide study that was released today.
Titled ......read more