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Dewa strengthens ties with German company

Saeed Mohammad Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), welcomed a high-level delegation from German company Voith, which specialises in systems, products and services serving five important markets: energy, oil and gas, paper, raw materials and transport and automotive. The visit aimed to enhance cooperation …

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DEWA adopts cloud-based Predix

Dubai Electricity and Water Authority, DEWA, is using the industry-wide Internet of Things (IoT) platform Predix. Developed by General Electric, GE, the technology enables the connection of machines, data, and people to support DEWA’s digital capabilities and enable it to collect and analyse data in real time, to enhance the …

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Apicorp exits National Petroleum Services

The Arab Petroleum Investments Corporation (Apicorp) announced on Wednesday that it successfully exited from National Petroleum Services (NPS), an oilfield services firm after completing the sale of its 29 per cent equity to Nasdaq listed National Energy Services Reunited Corporation, four years after it made the investment. “Despite challenging market …

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How a surprise deal to boost world oil supply could ‘stir the pot’ in the Middle East, and pressure Saudi’s spare capacity

An impromptu agreement between the United States and Saudi Arabia to add more supply to increasingly tight oil markets is perceived as a test of the kingdom’s ability to pump more crude — and could further antagonize Iran and Venezuela, as both countries grapple with deteriorating conditions in their respective …

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Fuel to become cheaper in July

Motorists will be paying less at the petrol stations in July as the UAE’s fuel price committee has reduced the prices. Petrol will become cheaper by more than two per cent next month, according to an announcement on Thursday. The new per-litre fuel prices for July are: Super 98 Dh2.56 …

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EU investigates Qatar’s long-term LNG contracts

The European Commission is investigating the bloc’s biggest seaborne gas supplier Qatar Petroleum over potentially restrictive 20-year supply agreements inhibiting development of a single gas market, its latest challenge to a major gas supplier. The bloc, having just wrapped up a seven-year market abuse probe into Russian giant Gazprom, said …

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Egypt to increase gas production at Zohr

Egypt aims to increase production at its huge Zohr offshore gas field in the Mediterranean to 1.75 billion cubic feet per day in August, Petroleum Minister Tarek Al Molla said on Thursday. Al Molla said in a statement that recent production increases have pushed Egypt’s total natural gas production to …

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