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“Talk is cheap, implementation is difficult,” said Fadel Gheit, a senior oil company analyst at Oppenheimer & Company. “They will have to recreate books that never existed.” Photo Khalid A. al-Falih, Saudi Arabia’s energy minister and chairman of Saudi Aramco, speaking at a conference in Houston on Tuesday. Credit Melissa Phillip/Houston Chronicle, via Associated Press As a prize, there are fewer bigger than Saudi Aramco. The Saudis […]

A government watchdog group, Public Citizen, said on Wednesday it will ask lawmakers to investigate whether billionaire investor Carl Icahn should have been subject to lobbying disclosure laws when he advised President Donald Trump to overhaul the U.S. biofuels program. Icahn, an unpaid adviser to Trump on regulation, submitted a proposal to Trump last month to change the U.S. Renewable Fuel Standard by shifting the burden of […]

07 March 2017 Dubai, UAE – The board of Dragon Oil, a subsidiary of Dubai-government owned ENOC Group, appointed industry veteran Ali Rashid Al-Jarwan as the new Chief Executive Officer. His appointment to Dragon Oil comes close on the heels of the new board of directors being appointed in January this year. The new head takes over from His Excellency Saif Humaid Al Falasi, Group CEO, ENOC, […]

SYDNEY Climate change was responsible for breaking more than 200 Australian weather records over the past three months, researchers said on Wednesday, a glimpse of conditions to come that will likely threaten energy security and agriculture. Much of Australia’s east coast endured its hottest summer on record, the independent Climate Council said, while torrential rain in Western Australia caused flash flooding. The sort of unseasonable conditions seen […]

Here are the big questions set to frame a new trading week for markets. How frothy are equity and junk bond valuations looking?Another record-breaking week for equities and a red hot reception for the Snap initial public offering is not the only sign of investor optimism running wild. Junk bond spreads — the premium investors demand to hold the bonds over Treasury yields — are heading towards […]

Your daily guide to community and cultural activities across the Emirates for March 8, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Aarti Jhurani rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Al Ain Heritage event Register […]

Writing is a process – a set of predictable, repeatable steps in the journey to the finished work. While there are probably as many processes are there are writers, here are some of the identifiable steps. Explore: All good writers express a form of curiosity, a sense that something is going on out there. See your world as a storehouse of story ideas. Gather: Writers collect words, […]

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VIENNA U.S. President Donald Trump’s administration pledged on Tuesday to show “great strictness” over restrictions on Iran’s nuclear activities imposed by a deal with major powers, but gave little indication of what that might mean for the agreement. The 2015 deal between Iran and six major powers restricts Tehran’s nuclear programme in exchange for the lifting of international economic sanctions against the Islamic Republic. Trump has called […]

ABU DHABI // Sheikh Abdullah bin Zayed has told Emirati youth to think beyond expectations of “comfortable” government jobs and prepare to compete with the rest of the world. “If you want to participate in shaping the future then you need to stop thinking of a government job,” the Minister of Foreign Affairs and International Cooperation said. “No other country in the region supports youth-led projects like […]

The biggest impact investing deal to ever see the light of day — that is how a fascinating new hedge fund deal is being touted. Impact investing is the practice of trying to make a measurable, positive societal impact as well as making a financial return on your money. The US hedge fund Mariner Investment Group reckons it has found a way to turn an investment of about $150m into […]

Lockheed Martin US military officials are gunning for modifications to offensive planes to make them capable of using lasers in warfare. Last week, US Air Force leaders met at the annual AirWarfare Symposium to discuss next-generation and new technologies for the military. According to Air Force Special Operations Command chief Lt. Gen. Brad Webb, the current top priority mission is to secure funding to load and test […]

Credit: iStock/xavierarnau Michael Siminovitch, director of the California Lighting Technology Center at UC Davis, wasn’t looking for enlightenment when he wandered into a Buddhist temple in Thailand a few years ago. He was touring Thailand as a distinguished visiting professor at King Mongkut’s University of Technology Thonburi’s school of architecture. He’d never been to a temple in his life. The temple was a highly crafted, architectural marvel, […]

Dubai has issued new regulations on the installation of electric vehicle charging stations as it looks to be at the forefront of environmentally-friendly cars. Sheikh Ahmed bin Saeed Al Maktoum, chairman of the Dubai Supreme Council of Energy, has issued directive number 1 of 2017 which states that all public and private organisations and developers in Dubai must get approvals from Dubai Electricity and Water Authority (DEWA) […]

Jun Wang (sitting), Christopher Eng (standing), Jiajun Wang (left, laptop screen), and Liguang Wang of Brookhaven National Laboratory used transmission x-ray microscopy combined with spectroscopy to produce the colored maps shown on the large screen. These maps reveal the structural expansion (and the resulting cracks/fractures) and chemical composition changes that occur as sodium ions (Fe, green) are added to and removed from iron sulfide (FeS, red) during […]

SHANGHAI A senior Chinese nuclear power executive has said the country needs to accelerate the construction of new nuclear power plants if it is to meet targets to boost its use of nuclear energy, lower pollution and cut reliance on traditional fuel sources. He Yu, chairman of state-owned China General Nuclear Power Corp (CGN) said the country needed to build between four and six nuclear reactors each […]

By Ernest Scheyder | HOUSTON HOUSTON Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the U.S. Gulf Coast. The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world’s […]

Bingqing Wei and colleagues are working to build a better lithium-sulfur battery. Credit: Kathy F. Atkinson/University of Delaware Rechargeable lithium-ion batteries are the power behind most modern portable electronics, including cell phones, tablets, laptops, fitness trackers, and smart watches. However, their energy density—that is, the amount of energy stored within a given amount of physical space, or mass—will need to be improved for these batteries to see […]

Drastic cuts in oil industry investment risk creating a shortfall in supply that by 2020 will expose the market to a surge in prices, the International Energy Agency has warned. Despite a chorus of analysts predicting a decline in oil consumption in the coming years, as governments push for energy efficiencies, cleaner fuel usage and electric cars, the IEA cautioned in its five-year outlook: “We see no […]

Satellite-powering technology that was abandoned decades ago has been reinvented to potentially work with traditional power stations to help them convert heat to electricity more efficiently, meaning we would need less fossil fuel to burn for power. A new study presents a prototype energy converter, which uses graphene instead of metal, making it almost seven times more efficient. (via WSJ)

A little-understood biological property that appears to allow cell components to store energy on their outer edges is the possible key to developing a new class of materials and devices to collect, store and manage energy for a variety of applications, a team of researchers has proposed. Source

SHARJAH // Housewives are to be trained on how to save energy in the home in a bid to cut down on household bills and help the environment. The pilot scheme will involve 30 households – 10 high energy consumers, 10 low to middle class consumers and 10 volunteers – and aims to educate housewives and domestic workers on how energy can be saved through simple measures […]

BELFAST Talks to save Northern Ireland’s devolved government ran straight into an obstacle on Monday as Irish nationalist party Sinn Fein repeated its demand that Democratic Unionist Party (DUP) leader Arlene Foster not return as first minister. A snap election on Friday saw Sinn Fein surge to within one seat of the DUP and deny pro-British unionist politicians a majority in the British province’s local assembly for […]

Most entrepreneurs occasionally face unfavourable circumstances, from underperforming staff or chronic complaining customers to difficult economic conditions, mounting fees, and other often unforeseen hassles. However, there are outlier entrepreneurs, those whose decisions to persevere greatly outnumber the impediments they encounter. “I was stubborn. I had been dreaming about that project forever. I didn’t want to give up,” says Ziad Kamel, founder of Couqley UAE, a French bistro […]

It’s four in the morning. Other than a spectacular blanket of stars, there isn’t much to see. While there are certainly other boats in the water, the crew feel completely alone in an unforgiving ocean. Tonight, my thoughts are on keeping a steady course, all part of our quest to break the extreme sailing record for a transatlantic crossing. Back on dry land with ample time to […]

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