Chevron $53bn Hess deal in danger
Rivals' challenge to the control of a key oil asset can derail the acquisition.Company News Business
DEWA smart meters’ number up 73% in four years
Dubai, UAE---Dubai Electricity and Water Authority (DEWA) recorded a growth in the number of smart water meters by 73.6 percent...DEWA has more than two million smart electricity and water metres in Dubai.
Automating metre readings helps customers receive instant information on their consumption patterns and effectively manage, monitor and control their consumption.
Shell says CEO stepping down at end of 2022
The outgoing CEO, 64, has presided over a tumultuous time at the energy titan, weathering collapsing oil prices in 2020 as...The outgoing CEO, 64, has presided over a tumultuous time at the energy titan, weathering collapsing oil prices in 2020 as Covid lockdowns ravaged demand
Under his tenure, Shell last year simplified its name and structure and outlined plans to slash greenhouse gas emissions
Fossil-fuel subsidies hinder MENA’s energy transition
Improving social safety net may provide the space needed to end subsidies, while investment in renewable energy can cut costs...Improving social safety net may provide the space needed to end subsidies, while investment in renewable energy can cut costs and protect households from high prices, says a report
Energy subsidies distort market dynamics and ignore the social cost of carbon and harmful environmental externalities, claims the recent report by Oxford Economics
ENEC shares expertise at cyber energy leadership forum
The Emirates Nuclear Energy Corporation (ENEC) hosted the first edition of the CyberEnergy Leadership Forum (CELF) in Abu Dhabi. Over...The one-day forum featured a leadership briefing, followed by a technical forum hosted by ENEC and the United States Department of Energy
ENEC is a leading entity that is spearheading cyber security in the UAE’s clean energy sector
Response Plus enters Indian market
The company will establish its Indian headquarters in Kerala state.RPM India will work as a healthcare partner for onsite medical service solutions with oil and gas companies and other major industries.
It will provide services to Airports, Seaports, Educational Institutions, malls and global events to meet the emergency healthcare needs.
Agthia to pay $17m dividend
The dividend is in line with its bi-annual dividend policy.The company's H1 revenues reached AED 2 billion, up 51 percent year-on-year, and net profit grew to AED 118 million for the period, a 74 percent increase compared to H1 2021.
Agthia recently announced an AED 90 million investment in a manufacturing facility in Saudi Arabia to drive growth for its protein vertical.
How the tide turned on promising data centers in Europe
Energy-guzzling Data centers or bit barns across Europe are facing the heat because of energy shortage sparked by the Ukraine-Russia...The industry sucked up 14 percent of Ireland's power last year, while Amsterdam said it simply had no more room for the warehouses.
Some question whether data centres were the best target for criticism when cryptocurrencies were so wasteful.
Rosneft H1 net profit up 13%
The energy giant's H1 net profit rose to $7.2 billion.Having processed 45.8 million tonnes of oil this semester, Rosneft said its debt decreased by 12 percent from the beginning of the year.
The company' revenues increased by 32.5 percent, reaching $86.7 billion.
Thai SC dismisses Toyota appeal
The court dismisses appeal over $270m import tax bill.The case relates to Toyota Motor Thailand's importation of parts for its Prius model at a reduced tax rate between 2010 and 2012.
While Thailand's Central Tax Court ruled in favor of Toyota in 2017, the decision was later overturned.
Ethereum blockchain completes software upgrade to cut energy use
Leading cryptocurrency figures hailed on Thursday the completion of one of the biggest software upgrades the sector has ever attempted,...Developers had spent years working on an energy-efficient version of Ethereum, a digital ledger that underpins tens of billions of dollars worth of cryptocurrencies, etc.
Ethereum is the second most important blockchain after bitcoin, but it has faced criticism for burning through more power each year than New Zealand.
