UAE is ‘well-positioned’ as a hub for growing the global energy market, says Adnoc CEO

first_img Adnoc CEO Al Sultan Jaber spoke at the 24th World Energy Congress on 9 September (Credit: Adnoc) The geographical location of the United Arab Emirates (UAE) and its industry expertise makes it the right place for catering to the global energy market and building a stronger “spirit of partnership”, according to Sultan Al Jaber.The CEO of the state-owned Abu Dhabi National Oil Company (Adnoc) believes as the world’s appetite for electricity grows, collaboration between the public and private sectors will be key.He argues his country is the right place to make this happen and stronger connections between net importers and exporters will also be critical to the worldwide power value chain.Speaking at the 24th World Energy Congress (WEC) in Abu Dhabi, he said: “Meeting the world’s energy needs responsibly and economically will require a renewed spirit of partnership.“Given our location, the UAE is well-positioned to cater for the new frontiers of market growth – we stand ready to forge strategic, value-add commercial partnerships with governments, industry leaders and innovators across the entire value chain of the energy sector.“We produce among the least carbon-intensive barrels in the world, we lead the industry with the lowest methane intensity and we are investing in technology that captures significant amounts of carbon dioxide from industrial sources.” Companies operating in the global energy sector will need to share best practices and leverage their technology to solve future problems, according to Sultan Al Jaber Partnership key to global energy ecosystemAdnoc recently signed a deal with Singapore’s sovereign wealth fund, GIC, for $600m, in which it will sell a 6% stake in ADNOC OIL Pipelines, a recently constructed partnership.Other members include BlackRock, KKR and the Abu Dhabi Retirement Pensions and Benefits Fund.Adnoc’s CEO argues it is precisely these kinds of collaborations that will be key to solving the current and future demands of the energy industry.“This means partnership with new sets of investors who value long-term, sustainable returns, and energy companies where best practices are shared, technology is leveraged and capital efficiency is maximised and achieved.“There will also need to be a partnership between consuming and producing nations that recognises the shift in demand from west to east.last_img read more

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  • UAE is ‘well-positioned’ as a hub for growing the global energy market, says Adnoc CEO

    first_img Adnoc CEO Al Sultan Jaber spoke at the 24th World Energy Congress on 9 September (Credit: Adnoc) The geographical location of the United Arab Emirates (UAE) and its industry expertise makes it the right place for catering to the global energy market and building a stronger “spirit of partnership”, according to Sultan Al Jaber.The CEO of the state-owned Abu Dhabi National Oil Company (Adnoc) believes as the world’s appetite for electricity grows, collaboration between the public and private sectors will be key.He argues his country is the right place to make this happen and stronger connections between net importers and exporters will also be critical to the worldwide power value chain.Speaking at the 24th World Energy Congress (WEC) in Abu Dhabi, he said: “Meeting the world’s energy needs responsibly and economically will require a renewed spirit of partnership.“Given our location, the UAE is well-positioned to cater for the new frontiers of market growth – we stand ready to forge strategic, value-add commercial partnerships with governments, industry leaders and innovators across the entire value chain of the energy sector.“We produce among the least carbon-intensive barrels in the world, we lead the industry with the lowest methane intensity and we are investing in technology that captures significant amounts of carbon dioxide from industrial sources.” Companies operating in the global energy sector will need to share best practices and leverage their technology to solve future problems, according to Sultan Al Jaber Partnership key to global energy ecosystemAdnoc recently signed a deal with Singapore’s sovereign wealth fund, GIC, for $600m, in which it will sell a 6% stake in ADNOC OIL Pipelines, a recently constructed partnership.Other members include BlackRock, KKR and the Abu Dhabi Retirement Pensions and Benefits Fund.Adnoc’s CEO argues it is precisely these kinds of collaborations that will be key to solving the current and future demands of the energy industry.“This means partnership with new sets of investors who value long-term, sustainable returns, and energy companies where best practices are shared, technology is leveraged and capital efficiency is maximised and achieved.“There will also need to be a partnership between consuming and producing nations that recognises the shift in demand from west to east.last_img read more

  • Savills snaps up Buckinghamshire independent

    first_imgSavills is on the acquisition trail again after a three-month gap following its purchase of Marlow, Buckinghamshire independent estate agent Granville Residential, taking its number of offices in the UK to 90.The company last bought a rival when it snapped up single-branch agent Montague Evans Channel Islands based in Guernsey in January, and before that the purchase of the Smiths Gore mainly rural network of 31 branches for £40m in April 2015.Lettings specialistGranville Residential is a single-branch agent with a prominent branch position on the town’s West Street (pictured, above) and was founded in 1991 as a lettings-only specialist, like many of its kind it has subsequently gone on to offer sales too.The purchase will add to Savills network of offices in the area including existing branches in Windsor, Henley-on-Thames, Beaconsfield and Amersham.The purchase, Savills says, is part of push to invest in its lettings division, which is headed up by Jane Cronwright-Brown (pictured, below).“The branch will be rebranding entirely as a Savills branch and all its customers have been contacted to let them know about the change-over the Savills brand,” she told The Negotiator.“We are delighted to have completed on the purchase and very pleased to announce that the original team of five staff members will be joining Savills with immediate effect.“The firm has a very well established lettings operation and  its excellent reputation for advice and service dovetails perfectly with our ethos at Savills.”Jane says Savills will be acquiring businesses like Granville as and when the opportunities arise.Justin Marking, Head of Savills Residential, says: “This particular business also offers us the opportunity to increase our market share of sales in the Marlow area which has long been a target and I can see it working really well with our existing local offices.”Marlow Jane Cronwright-Smith Justin Marking Savills April 13, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Savills snaps up Buckinghamshire independent previous nextSavills snaps up Buckinghamshire independentPurchase is part of drive to strengthen its lettings division locally and nationally.Nigel Lewis13th April 201701,498 Viewslast_img read more

  • Mandatory three-year tenancies questioned by leading lettings agent

    first_imgThe UK’s largest lettings agency Belvoir has set itself against all the mainstream political party manifestos and the Association of Residential Letting Agents (ARLA) by questioning the need for mandatory three-year tenancies.The Conservative Party seeks to “encourage landlords to offer longer tenancies as standard” while Labour goes much further, saying it will “make three-year tenancies the norm with an inflation cap on rent rises”.The Liberal Democrats advocate “longer tenancies of three years or more with an inflation-linked annual rent increase built in to give tenants security”.But Belvoir’s latest lettings index shows that 43% of tenants who rent through its branches stay for between 13-18 months, 29% for between 19-24 months and only 18.2% for more than two years.‘Question the need’“Looking at the manifestos of all political parties it would seem that all are looking to introduce three-year mandatory tenancy agreements although [our] figures question the need for this as our tenants can already rent with confidence, and most opt to leave when they wish to do so,” Belvoir says.But not all landlords agree with Belvoir’s point of view. As we reported last week, one of London’s largest Build to Rent landlords recently scrapped deposits for its 3,000 tenants as well as offering three-year tenancies.And leading Liverpool agent Helen Griffin-Booth of Bluerow Homes (pictured, left), last week said the three political parties’ adoption of longer and more secure tenancies was “promising”.“The manifestos also give leverage to the hope that the next five years will spell a continued increase in standards across the sector, and removing rogue landlords and agents from the market will play a key role in this,” she told a local newspaper.“To achieve these standards, it is essential that landlords are offered support from the government in providing quality, affordable housing stock for PRS. This will not only benefit landlords and tenants, but will help to stabilise the property market as a whole, and offer a much-needed boost to the wider economy.”Her view is also echoed by ARLA, whose MD David Cox (pictured, right) said earlier this year following the White Paper: “ARLA welcomes any attempt to improve stability in the housing market, and it is important that tenants feel that they are secure in their homes and are able to plan for the future.“We welcome the Government’s approach to this, and have been working closely with the Department for Communities and Local Government on proposals for incentivising longer-term tenancies; after all, it is in the best interests of landlords, tenants and agents to have long, well maintained tenancies. It is a fallacy that a regular churn of tenants benefits anyone.”Helen Griffin-Booth Belvoir Bluerow Homes June 5, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » Mandatory three-year tenancies questioned by leading lettings agent previous nextRegulation & LawMandatory three-year tenancies questioned by leading lettings agentBelvoir reveals that just 18% of its tenants stay for more than two years, and wonders if more secure tenancies are really needed.Nigel Lewis5th June 20170727 Viewslast_img read more

  • New homes land in Claverham

    first_imgA former aerospace engineering works site in North Somerset has been bought with plans being drawn up to deliver much needed housing.Property agents JLL brokered the sale of the 14.22-acre site on Bishops Road in Claverham to Newland Homes. Newland has bought the site on an unconditional basis and are seeking planning permission for a housing scheme.The site was sold on the open market and received significant interest. The site includes 98,100 sq ft of existing buildings.James Petherick, Director in Residential Development at JLL in Bristol, said, “This is an excellent redevelopment opportunity that will provide homes on a sustainable brownfield site, easing the pressure on North Somerset’s existing housing provision.“There was significant interest in the site from the development market. Opportunities such as this one are highly sought after; indeed, many of the parties who were interested in this site are still on the hunt for similar opportunities.”JLL Newland Homes Claverham February 8, 2018The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Land & New Homes » New homes land in Claverham previous nextLand & New HomesNew homes land in ClaverhamThe Negotiator8th February 20180565 Viewslast_img read more

  • Leave areas of England have seen strongest price growth, claims agency

    first_imgHome » News » Housing Market » Leave areas of England have seen strongest price growth, claims agency previous nextHousing MarketLeave areas of England have seen strongest price growth, claims agencyMore inward investment in urban areas in the north and midlands has helped push up prices faster than in London and the south, says Hamptons International.Nigel Lewis29th August 20190440 Views A leading estate agency has claimed that the areas of England where a majority of people voted to leave the EU in 2016 have seen house prices increase twice as fast as those which voted to remain.Hamptons International has processed government data from the Office for National Statistics and discovered that eight out of the ten areas in the UK with the strongest house price rises voted Leave.These are mostly urban stretches of the North and Midlands and include the West Midlands, East Midlands, West Somerset, Birmingham and Nottingham.House pricesIn these areas house prices have increased by 12% on average since the EU Referendum while areas which voted Remain have only increased by 7%.Hamptons International says it took the average sale price from the first five months of 2016 and compared it to the average price in the first five months of this year.“House price growth was already slowing in London and the south due to affordability pressures: these areas had seen considerable price growth in the run up to the referendum,” says Aneisha Beveridge, head of research at Hamptons.“The added uncertainty from the referendum result just exaggerated the slowdown.“Affordability pressure is the main reason why house price growth in the Midlands and north has outpaced that in the south.”Only two Remain areas made it into the top ten house price growth list; Southwark and Newham, both in LondonHamptons International Aneisha Beveridge Brexit EU Referendum August 29, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

  • Boomin finally lifts the lid on what it’s ACTUALLY going to be

    first_imgHome » News » Boomin finally lifts the lid on what it’s ACTUALLY going to be previous nextProducts & ServicesBoomin finally lifts the lid on what it’s ACTUALLY going to beAfter months of speculation and rumour, co-founder Michael Bruce has spoken publicly for the first time about what the platform-cum-portal is going to offer.Nigel Lewis3rd November 202004,101 Views Soon-to-launch property platform Boomin has lifted the lid on its service after months of private briefings and rumours, and said its service will not squeeze agents out of the home moving process.Boomin co-founder Michael Bruce says his planned multi-million pound marketing spend will give it the edge over other ‘portal challengers’ and that their unusual approach will offer a real alternative to Zoopla and Rightmove.“We want home movers engaging with agents in the way they did before the portals came along,” says Bruce.“Our aim is to open up the market and create more transactions and opportunities but, as some people have speculated, we are not in the game of putting buyers and sellers directly in touch with each other – agents are central to our model,” he says.Key servicesThis will include offering homeowners and landlords a ‘central hub’ for their properties; matching buyers and sellers more accurately for agents; and giving buyers more useful and timely leads.Their tech is both familiar and new. This includes enabling buyers to nominate roads where they would like to buy a home and then inviting potential vendors to the market; allowing agents to tempt buyers with off-market and pre-marketing properties; helping keep property chains intact to prevent fall-throughs; and booking viewings 24/7 online.Boomin will generate revenues for agents by providing a ‘property playground’ where consumers can plan their new home (and buy interiors products to kit it out prior to exchange) and paying them a cut of any profits.Only a few weeks away from a public launch, Boomin will outspend Rightmove and Zoopla with an advertising campaign that will see it ‘constantly on TV’ and other media for the next 12 months, alongside a major push onto YouTube.“Purplebricks became a household brand in two years but we expect Boomin to attain that quicker,” says marketing chief Phil Lloyd.Phil Lloyd Boomin Michael Bruce portals November 3, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

  • US Navy Sends Fresh Water to Japan

    first_img US Navy Sends Fresh Water to Japan Back to overview,Home naval-today US Navy Sends Fresh Water to Japan View post tag: News by topic Japan’s government revealed a series of missteps by the operator of a radiation-leaking nuclear plant on Saturday, including sending workers…By Eric Talmadge and Mari Yamaguchi (signonsandiego)[mappress]Source: signonsandiego,March 27, 2011; View post tag: Naval View post tag: Japan March 27, 2011 View post tag: sends View post tag: water View post tag: Navy View post tag: Fresh View post tag: US Share this articlelast_img read more

  • Sri Lankan Navy Recovers 7 Bags of Conch Shells

    first_img View post tag: Lankan Sri Lankan Navy Recovers 7 Bags of Conch Shells View post tag: Bags Naval personnel attached to SLNS Gajaba of the North-central Naval Command on information received recovered 07 bags filled with conch shells, which had been clandestinely submerged in the Erukkulumpiddi lagoon, on 16th March 2012.[mappress]Naval Today Staff , March 19, 2012; Image: navy View post tag: Sri View post tag: Conch View post tag: Recovers Share this article View post tag: Navy March 19, 2012 Back to overview,Home naval-today Sri Lankan Navy Recovers 7 Bags of Conch Shells View post tag: News by topic View post tag: Shells View post tag: 7 View post tag: Navallast_img read more

  • Change of Command Takes Place Aboard Guided-Missile Destroyer USS Sampson

    first_img View post tag: takes View post tag: Destroyer View post tag: USS Sampson View post tag: Guided-missile View post tag: Command Share this article View post tag: News by topic Guided-missile destroyer USS Sampson (DDG 102) conducted a change of command, while operating in the U.S. 5th Fleet area of responsibility, May 9.Cmdr. Dwayne Ducommun relieved Cmdr. Chris Alexander as the commanding officer of Sampson during a ceremony held at sea.During Alexander’s 20-month tenure as commanding officer, the ship earned two consecutive Battle “E” awards, the Spokane Trophy, and made two deployments. Eight officers qualified as surface warfare officers, 10 Sailors were promoted to chief petty officers, and 64 Sailors reenlisted under Alexander’s leadership.Ducommun, a prior enlisted electronics maintenance technician and limited duty officer, reported aboard Sampson as the executive officer in January. His previous sea tours include executive officer of guided-missile frigate USS John L. Hall (FFG 32), and assignments aboard aircraft carrier USS Abraham Lincoln (CVN 72), and guided-missile destroyers USS John S. McCain (DDG 56), USS Harry W. Hill (DD 986) and USS Cochrane (DDG 21).“It is an honor and a privilege to be the fourth commanding officer of the fourth U.S. warship with the namesake Sampson,” said Ducommun. “This ship and this crew have accomplished a great many things and I look forward to being a part of Sampson’s future endeavors and accomplishments.”Sampson’s departed its homeport of San Diego, Feb. 24, for a deployment to the U.S. 5th and 7th Fleet areas of responsibility.Sampson is assigned to Combined Task Force 151, a multinational, mission-based task force working under Combined Maritime Forces, to conduct counter-piracy operations in the Southern Red Sea, Gulf of Aden, Somali Basin, Arabian Sea, and Indian Ocean.[mappress]Naval Today Staff , May 18, 2012 View post tag: place May 18, 2012 Authorities View post tag: Navy Back to overview,Home naval-today Change of Command Takes Place Aboard Guided-Missile Destroyer USS Sampson View post tag: change View post tag: Naval View post tag: Aboard Change of Command Takes Place Aboard Guided-Missile Destroyer USS Sampsonlast_img read more

  • USS Hopper Enters Dry Dock at PHNSY & IMF

    first_imgUSS Hopper (DDG 70) entered dry dock at Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility (PHNSY & IMF) for a major maintenance period, July 18.Personnel from PHNSY & IMF, a Naval Sea Systems Command field activity, are overseeing and supervising the project. NAVSEA’s four public shipyards play a major role in maintaining America’s fleet and provide wartime surge capability to keep the nation’s ships ready for combat.“We have a very robust, integrated schedule and testing plan to de-conflict work for all of the various maintenance and modernization activities,” said Lt. Cmdr. Mitch Perrett, Hopper DSRA project officer. “The effort put forth into getting this right will really pay off in execution.The Docking Selected Restricted Availability (DSRA) encompasses more than $25 million of work, making it one of largest work packages conducted by the command on an Arleigh Burke-class guided missile destroyer.NAVSEA continuously improves its maintenance and modernization processes to ensure capability is delivered in a cost-effective way.“We’re looking forward to a safe, high-quality availability to keep USS Hopper fit to fight, said Perrett.”PHNSY & IMF is a full-service naval shipyard and regional maintenance center for the Navy’s surface ships and submarines. It is the largest industrial employer in the state of Hawaii with a combined civilian and military workforce of about 4,850 and an economic impact of $925 million.[mappress]Naval Today Staff, July 27, 2012; Image: US Navy View post tag: Dry Share this article View post tag: Hopper View post tag: Dock Industry news July 27, 2012center_img View post tag: enters USS Hopper Enters Dry Dock at PHNSY & IMF View post tag: PHNSY Back to overview,Home naval-today USS Hopper Enters Dry Dock at PHNSY & IMF View post tag: USSlast_img read more