Doha: Qatar yesterday announced the launch the world’s largest Shariah-compliant ‘Energy Bank’ with a targeted capital of $10bn (QR36.41bn) to finance local as well as overseas energy projects.

This"...

(AETOS Wire)-- ExxonMobil said today that it is providing $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone Idai, which made landfall on March 14. Of this amount, $250,000 will be contributed to the American Red Cross for ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. ExxonMobil’s affiliate ExxonMobil Moçambique Limitada will contribute another $50,000 to organizations operating in Mozambique that are assisting the government with disaster relief efforts. “We are deeply saddened by the impact of Cyclone Idai on Mozambique and surrounding......

Electricity service providers are getting ready to install smart power meters for customers.

National Electric Utility Company (NEUC), the first of three power service providers to install smart meters, will begin installations Friday. Butec Utility Services (BUS) will start"...

Russia’s recent purchase of an ageing oil storage centre in Lebanon is part of the Kremlin’s latest push to assert its influence across the region through energy deals with political overtones.

Rosneft,"...

U.S. West Texas Intermediate (WTI) crude oil futures were at $56.39 per barrel at 0323 GMT GMT, up 32 cents, or 0.6 percent from their last close.

Brent crude futures were at $65.04 per barrel, up 30 cents, or"...

ADNOC Logistics and Services plans to add 25 new crude and gas tankers to its fleet over the next five years to capitalise on growth opportunities in maritime markets and to meet the strategic needs of both its parent company and the UAE in general.

“We"...

Oil futures rose more than 2 percent on Wednesday after a surprising plunge in US crude inventories and as OPEC’s de facto leader Saudi Arabia appeared unfazed by pressure from US President Donald Trump to prevent oil prices from rising.
Crude inventories fell by 8.6"...

(AETOS Wire)-- The GSMA today announced the release of a new report highlighting the significant progress made by Chinese mobile operators, vendors and manufacturers in adopting Remote SIM Provisioning and eSIM technologies. The in-depth report which"...

• New ABB: focus, simplify, lead
• Focused portfolio: Divestment of Power Grids to Hitachi well on track
• Simplified structure: New operating model “ABB-OS™” for enhanced customer focus, agility
  and profitability; %$500 million annual savings
• Four new leading businesses, #1 or #2 in their respective...
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(AETOS Wire) -- FULL YEAR 2018 HIGHLIGHTS

• Total orders +8%1, up in all divisions and regions
• Revenues +4%, strong growth in Robotics and Motion
• Order backlog +6% at end of year, book-to-bill ratio2 at 1.03x
"...
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