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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

UAE energy ministry intensifies monitoring of liquefied natural gas shipments

UAE energy ministry considers LNG shipments that do not adhere to standards as a threat to community safety.
  • LNG cargoes that fall short of the standards pose a threat to the community safety and impinge on the profitability of national companies, a ministry official said.
  • The ministry is keen to enhance corporate awareness about the procedures adopted by the UAE to regulate the transportation of oil derivatives.

The UAE’s Ministry of Energy and Infrastructure said on Wednesday that it is intensifying inspections of liquefied natural gas (LNG) shipments coming to the country in collaboration with its partners.
Intensified inspections are being carried out to ensure compliance with standards and technical regulations and specifications in place in the country, local media reports said.
In this connection, Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs at the Ministry, and a few representatives of Ministry of Industry and Advanced Technology, visited the Khatmat Malahah border post in Sharjah.
Al Olama said the ministry is keen to enhance corporate awareness about the procedures adopted by the UAE to regulate the transportation of oil derivatives according to global safety and security standards.
“Ensuring safety and security is a leading national priority. Therefore, we seek to reinforce joint action to monitor LNG imports,” he said and added that LNG cargoes that fall short of the standards pose a threat to the community safety and security and impinge on the profitability of national companies.