Friday 3 July 2020

IOC Middle East and RR Holdings sign JV

IOC Middle East FZE, Dubai, a wholly-owned subsidiary of IndianOil Corporation, India’s largest refiner and marketer of petroleum products, and RR Holdings Ltd, Ras Al Khaimah, UAE, the holding company of Beximco LPG of Bangladesh, have signed an agreement for the formation of a 50:50 J


BP invests $5m in a cloud-based software firm

The global oil and gas industry needs to embrace a new business mindset and new digital skills if it is to reap the benefits from deploying advanced digital technologies, such as artificial intelligence, big data and analytics, robotics and quantum computing.  


Saudi Electricity Company wins major ISO certifications

Saudi Electricity Company (SEC), one of the largest utility companies in Middle East and North Africa, has secured key ISO certifications - ISO/IEC 20000-1:2011 for Information Technology Service Management and ISO/IEC 27001:2013 for Information Security Management - from Intertek, a leading to


UAE provides a third of Japan's crude oil needs in May

Japan’s imports of crude oil from the UAE amounted to almost a third of its oil imports at 32%, or 22.6 million barrels, data from Agency for Natural Resources and Energy in Tokyo showed.   The agency, part of the Japanese Ministry of Economy, Trade and In


Taqa, ADPower complete deal to create utility giant

Abu Dhabi National Energy Company (Taqa) has announced the successful completion of its transaction with Abu Dhabi Power Corporation (ADPower), thus creating one of the largest utility companies in the Europe, Middle East and Africa (EMEA) region. The transaction – which wa


Linxon wins contract for 4 turnkey substations in Iraq

Linxon, a joint venture between leading engineering group SNC-Lavalin and technology leader ABB, has won an order of around $80 million from the Ministry of Electricity in Iraq for delivery of four turnkey 132/33 kV GIS substations. The contract forms part of the Electricity Sector Reconstruc


Taqa’s first quarter revenue drops to $1bn

The Abu Dhabi National Energy Company (Taqa) said that its earnings for the first quarter of 2020 has seen revenues decline 9 percent to AED 4 billion ($1.08 billion), reflecting a 21 percent drop in the price of oil and gas sold by the company on the same period last year. Taqa,


Trendsetter wins subsea connection systems contract

Trendsetter Engineering, a privately owned oil and gas service company based in Houston, has won a contract from Subsea 7 for Murphy Exploration and Production Company’s King’s Quay Development.    The scope of supply comprise more than 40 conne


Gas ‘key to decarbonising Mena energy sector’

Gas-based power generation is poised to serve a critical role in helping to reduce emissions and complement the growth of renewable energy with highly efficient, flexible, affordable, and reliable baseload power, said an industry expert. “As they look to grow and develop fu


Dubai to explore opportunities in oil-rich Mozambique

Mozambique is on its way to becoming one of the world’s largest energy producers, and its growing oil and gas market is ripe with business opportunities that companies in Dubai can capitalise on, industry experts said during a recent Dubai Chamber webinar.  

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