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| OIL AND GAS |
GE powers the ‘Age of Gas’ in the Middle East
March 5, 2020
As one looks at the decade ahead and beyond, there can be no doubt that gas will continue to play a critical role in the Middle East’s energy mix. The underlying factors behind this projection and next-gen solutions that will continue to drive the power sector forward were highlighted at a GE Gas Power media roundtable held recently under the theme ‘The Evolving"...
How artificial intelligence can revolutionize the Middle East energy sector
February 24, 2020
ABU DHABI: Artificial intelligence (AI) will play a key role in the near future in the utilization of energy resources — including renewables such as solar and wind power — according to a report that draws on research conducted by the American management consulting firm McKinsey & Company. The report, entitled “Artificial Intelligence: Transforming the Future of Energy and Sustainability,” highlights the potential for"...
AG&P Breaks Ground on its LNG Import Facility at Karaikal Port, Puducherry, Expanding Access to Natural Gas for Downstream Customers in South India
February 24, 2020
AG&P, the global downstream gas and LNG logistics company, has broken ground on its LNG Import Facility at Karaikal Port, Puducherry, paving the way to broader access to natural gas as a primary fuel in South India. The Karaikal LNG Import Facility (“Karaikal LNG”) is expected to commence commercial operations by Q4 2021. Owned and operated by AG&P, Karaikal LNG Import Facility is being built on a 12-hectare site within the Karaikal"...
Eaton and Abunayyan Holding Form Joint Venture to Produce and Service Low- and Medium-Voltage Switchgear in the Middle East
February 22, 2020
(AETOS Wire)-- Power management company Eaton (NYSE:ETN) and Abunayyan Holding today announced the formation of a joint venture to produce and service low- and medium-voltage switchgear in the Middle East. The joint venture will do business as Eaton Arabia and will have locations in Dammam, Saudi Arabia, and Dubai, United Arab Emirates. “We are pleased to form this new joint venture with Abunayyan,”"...
Northern Data and Canaan Inc Announce Cooperation on Blockchain-technology and AI
February 21, 2020
(AETOS Wire)-- Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), one of the largest blockchain solutions and datacenter providers in the world and Canaan Inc, (Nasdaq: CAN, US ISIN: US1347481020) one of the leading blockchain technology companies in the world are happy to announce the beginning of close cooperation in the areas of Artificial Intelligence (AI) development, Blockchain Technology and Datacenter operations. Combining"...
Rockwell Automation Strengthens Control & Visualization Portfolio with Acquisition of ASEM
February 21, 2020
(AETOS Wire)-- Rockwell Automation, Inc. (NYSE: ROK) today announced it has signed an agreement to acquire Italy-based ASEM, S.p.A., a leading provider of digital automation technologies. ASEM provides a complete range of Industrial PCs (IPCs), Human-Machine Interface (HMI) hardware and software, remote access capabilities, and secure Industrial IoT gateway solutions. ASEM’s high-performance automation"...
The Taulia Working Capital Summit Jets Into Johannesburg, Alongside Partners Greensill and Intellection
February 21, 2020
Third annual Working Capital Summit, hosted by The Money Show’s Bruce Whitfield to showcase the latest insights in Working Capital and Supplier Finance technology. (AETOS Wire)-- After two successful stints in San Francisco and Chicago, Taulia’s Working Capital Summit is set to launch in Johannesburg, South Africa for the very first time on March 11, 2020. The Working Capital Summit, hosted by The Money Show’s Bruce Whitfield will bring together some of the best and brightest minds in the financial technology business to discuss the latest in working capital finance solutions. The Working Capital Summit will provide a forum for key business minds to showcase their expert-leading industry knowledge, network with event-goers and discover unique ways to apply this knowledge to their own businesses. A recent Working Capital Index study conducted by JP Morgan found a staggering $460bn of working capital is confined across the supply chains of the S&P 1500 companies, which highlights an incredible opportunity for businesses to unlock trapped cash and......
Prohibition at Any Cost? Philip Morris International Hits Back at Global Campaign of Disinformation
February 21, 2020
(AETOS Wire)-- Statement by Dr. Moira Gilchrist BSc (Hons) Pharmacy, PhD Pharmaceutical Sciences, Vice President Strategic & Scientific Communication, Philip Morris International: “‘You should develop a safer product.’ For decades, that is what governments and the public health community have told the tobacco industry. PMI has invested billions of dollars in science and technology to"...
Ras Al Khaimah to host energy summit in June
February 17, 2020
Ras Al Khaimah will host its first energy summit next June as part of the RAK Energy Efficiency and Renewables Strategy 2040, under the theme ''Energy Efficiency and Renewable Energy''.
The summit will take place at the Al Hamra International Exhibition and Conference Centre on June 15 and 16, and will bring together international thought-leaders and trailblazers, along with decision-makers from the government and private sector, reported Emirates news agency Wam.
The RAK Municipality"...
PA does not want Israeli partner to develop gas field off Gaza coast
February 13, 2020
The Chairman of the Palestinian Authority’s Investment Fund, Mohammed Mustafa, said on Tuesday that there is no plan to develop a gas field off the coast of Gaza in cooperation with an Israeli partner, Anadolu has reported. Mustafa said that an Israeli partner had been proposed for years, but was rejected as the PA prefers an international partner. He pointed out"...
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