Labworx

How Does AI Help With Drug Discovery?

Discovering new drugs is a lengthy, complicated and prohibitively expensive process. At present, it can take a dozen years to bring a drug to development and the success rate among new pharmaceuticals is generally under 1%. However, the huge advances made in healthcare technology – specifically with regard to artificial intelligence (AI) – could be about...

The UAE government is preparing to open up a tender bid process for the construction and commission of its second nuclear power plant. The small country made headlines in 2021 when it became the first Arab state to bring nuclear into its national energy portfolio with the opening of the South Korean-built Barakah station in Abu Dhabi.

Now, the Emirati government is reportedly looking to brin...

The UAE has announced it will increase investment into expanding its oil production capacity in line with meeting its 2027 targets. As well as exploring untapped reserves in new locations throughout the Emirates, this expansion will also involve the development of midstream and downstream infrastructure, with one eye on accommodating the aforementioned growth in capacity.

However, this does ...

The UAE’s national oil company (Abu Dhabi National Oil Company, or ADNOC) has announced that its Gas division has penned a deal with the French conglomerate TotalEnergies, rumoured to be worth between $1 billion and $1.2 billion in value. The contract comes in the wake of an agreement announced last July between the two entities.

According to the terms of the deal, ADNOC Gas will supply Tota...

p>The UAE’s top energy official has warned that a lack of supply, and not any variance in demand, is the biggest threat to the oil industry in the immediate future. Suhail Al Mazrouei, the current Energy Minister for the Emirates, made the statement on Bloomberg TV and warned that insufficiency could drive prices up in the coming year.

Al Mazrouei’s predictions were made against the backdrop...

Three years after the outbreak of coronavirus, the world’s second largest economy has finally reopened its doors to the world. China had been notable for implementing tougher and longer-lasting lockdown restrictions than almost anywhere else in the world, resulting in a massive drop-off in trade and a substantial knock-on effect on the global economy.

With all restrictions rescinded from Jan...

Guyana is currently in negotiations with a number of nations (including the UAE) regarding the allocation of offshore oil blocks in its territory. President Irfaan Ali made the disclosure on the fringes of an energy conference in nearby Trinidad and Tobago late last month.

The news might come as a surprise to many oil companies around the world, especially those not owned by state entities. ...

The Emirati renewable energy company Masdar is joining forces with German utilities firm Uniper SE with a view to producing green hydrogen in the UAE. Together, the two businesses plan to construct a green hydrogen facility that will be commissioned within the next three years and will be powered by almost 1.3GW of solar power.

The announcement is the latest concrete collaboration between th...

In anticipation of the first public offering of the Abu Dhabi National Oil Company (ADNOC)’s Distribution arm on the stock market this month, the company have published information about how they regulate their fuel prices in the country. Since August 2015, prices have been set afresh each month according to recommendations made by the Retail Pricing Committee.

This Committee, which is chair...

The UAE has announced it will target the expansion of its oil production capacity to five million barrels per day (bpd) three years sooner than previously expected. Originally slated to come into effect in 2030, the board of the Abu Dhabi National Oil Company (ADNOC), which is the state-owned oil company, has revealed it will now do so by 2027 instead.

The reason for bringing forward the exp...