Saturday 28 May 2022

Al Seer Marine buys new tankers amid growing LPG demand

Al Seer Marine (ASM), a global player across multiple marine sectors and a subsidiary of Abu Dhabi-based International Holding Company (IHC), has acquired two vessels, valued at a combined AED246 million ($67 million), to meet rapidly growing demand for transportation of liquified petroleum g


UAE to invest $160bn in clean, renewable energy sources in next 30 years

The UAE has invested more than $40 billion in clean energy over the last 15 years, and has plans to invest an additional $160 billion in clean and renewable energy sources over the next three decades on the road to net zero, said a senior minister at the World Economic Forum in Davos, Switzer


Deal signed for multi-billion green hydrogen ammonia unit in Oman

ACWA Power, OQ, Oman’s leading integrated energy group, and Air Products on Thursday signed a joint development agreement (JDA) for a multi-billion-dollar investment in a world-scale green hydrogen-based ammonia production facility powered by renewable energy in Oman. 


GCC plastic industry advances on circular economy

The development of ‘circular’ polymers with recycled plastic content, investing in advanced recycling facilities as well as sustainability initiatives show progress by the GCC polymer industry towards the circular economy.    However, more work


Key Dubai summit to discuss climate risk

The Arab Green Summit will bring together key government officials, key decision makers, policy makers from across all key sectors in the MENA region to discuss, innovate, collaborate, and set the path for climate action.   Climate risk is arguably the greatest


Exxon to grow shareholder value by meeting twin objectives

Hydrocarbon major ExxonMobil has said it plans to grow shareholder value by delivering solutions that meet the twin objectives of meeting the global need for energy and lowering greenhouse gas emissions to address climate change.    Darren Woods, chairman a


Taqa Arabia converts the first CNG cars in Equatorial Guinea

Taqa Arabia, leader in utility & energy distribution across Egypt, has transferred its knowledge and know-how to introduce the CNG/GNV technology enabling cars to run with natural gas for the first time in Equatorial Guinea. The collaboration between Ministry of Mines and Hyd


Drydocks in deal to upgrade FPSO vessel for Brazilian project

Drydocks World has signed a contract with Malaysia-based Yinson Production to upgrade, refurbish, and convert a floating production storage and offloading (FPSO) vessel.   The contract with Yinson Production, which designs, constructs, and operates industry-lead


Electric vehicles expected grab 33pc of new car sales by 2031

Electric vehicles (EVs) are expected to account for more than 33% of new car sales worldwide by 2031, says GlobalData, a leading data and analytics company.   EV sales have reached record numbers in recent years, with annual sales projected to increase ten-fold


Teledyne FLIR keeps airspace in critical areas free of drones

Teledyne FLIR successfully completed an installation of a long-range drone detection system for a critical infrastructure site in Sweden.   As drones are becoming commercially available to a wider audience, effective drone detection and monitoring has become inc

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