Friday 19 December 2014

ABB, Hitachi in deal to form power grid JV in Japan

ABB and Hitachi has signed a deal to form a new joint venture for high voltage direct current (HVDC) system solutions in Japan. The new entity, to be based in Tokyo, will be responsible for the design, engineering, supply and after-sales services related to the DC system of HVDC


Technip sells diving assets in Gulf of Mexico

Technip, a leader in project management, engineering and construction for the energy industry, has completed the sale of its diving assets in the US Gulf of Mexico to Ranger Offshore. The sale reinforces Technip’s strategy to focus on its core North America subsea business


Inkas to set up 2nd manufacturing facility in DIP

Leading manufacturer of quality armoured transport and special purpose vehicles Inkas Vehicles has planned to set up another manufacturing facility in the Dubai Investment Park (DIP), a leading integrated commercial, industrial and residential community in the Middle East, wholly-owned by Dubai


Airedale extends training programme to Middle East 

Leading British manufacturer of precision air conditioning, IT cooling, chiller and comfort solutions, Airedale International has launched its data centre design and maintenance training programme in the Middle East, as part of its commitment to support customers and business partners in the re


Abraaj sells 21pc stake in Integrated Diagnostics Holdings

Private equity firm Abraaj Group said it had sold a 21 per cent stake in Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider, to emerging markets private equity firm Actis. IDH, which resulted from the 2012 merger of Al Mokhtabar and Al Borg Laborator


ME pumps and compressor industry on ‘strong footing’

The pumps, pipes and compressors industry is on a strong footing in the region, driven by robust investments in oil and natural gas pipeline and exploration projects, and strong industrial and manufacturing activity.   The inaugural three-day Middle East Pumps, Valves, Pipes


Kuwait Oil joins Damen for tug naming ceremony

Kuwait Oil Company (KOC) has named the latest ASD 3212 tug designed by Damen Shipyards Group as Shahem, the second in a series of 14 tugs that the company is building for KOC. The naming ceremony of the ASD 3212 tug vessel at Damen Shipyards Galati was attended by KOC chief execu


Takata tightens screw on suppliers amid air bag crisis

Takata Corporation has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production to replace millions of air bags recalled for a potentially deadly defect, according to people involved. Takata, whose exploding air b


Technip says no plans to buy CGG

Technip has ruled out making an offer for seismic surveys specialist CGG after talks with the company failed to produce an agreement, the French oil services group said. Technip said in a statement it had put forward "a number of alternative options to a tender offer" i


Abu Dhabi’s latest maritime plan developments in focus

More than 200 government officials in Abu Dhabi learned of the latest maritime plan developments and discussed the key challenges and opportunities to be addressed for an industry framework plan. The Plan Maritime Charette 2 was hosted by Abu Dhabi’s Urban Planning Council

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