Saturday 27 February 2021

German industrial valves sales stable in 2020 despite crisis

Despite the Covid-19 pandemic, German manufacturers of industrial valves saw a stable year in sales backed by an increase in domestic demand.   While the industry held up well in H1 2020, sales declines in Germany and abroad made themselves felt in the following


BRICS to drive global gas markets: Novak

Alexander Novak, Deputy Prime Minister of the Russian Federation has said the development of the global gas market will be driven by the BRICS countries, where witness natural gas is expected to grow by almost 50 per cent by 2040.   In addition, he said, the pot


Ministry of Energy and Infrastructure joins 'Abu Dhabi Hydrogen Alliance'

The UAE’s Minister of Energy and Infrastructure has joined the Abu Dhabi Hydrogen Alliance.   Suhail bin Mohammed Al Mazrouei, Cabinet Member and Minister of Energy and Infrastructure, affirmed that the Abu Dhabi Hydrogen Alliance contributes strongly to c


Adnoc to launch ICE Futures Abu Dhabi on March 29

The Abu Dhabi National Oil Company (Adnoc) and Intercontinental Exchange (ICE) said that ICE Futures Abu Dhabi (IFAD) will begin trading ICE Murban Crude Oil Futures and related cash settled derivatives against Brent and WTI on March 29. The Abu Dhabi National Oil Company (Adnoc)


Lamprell wins Aramco offshore EPCI contract

UAE-based Lamprell, a specialist in the oil rig construction business, has been awarded an engineering, procurement, construction and installation (EPCI) contract by Saudi Aramco as part of the long-term agreement (LTA) between the two companies. The contract consists of two offs


MOL launches updated, integrated long-term strategy

MOL Group, an integrated, international oil and gas company headquartered in Budapest, has launched ‘MOL Group 2030+’ a strategy fully integrated with a new sustainability strategy and complemented with a longer-term vision and ambitions beyond 2030.   


TechnipFMC receives integrated EPCI LOA in Israel

TechnipFMC has received a letter of award (LOA) from Energean Israel Limited for the development of the Karish North field, located offshore Israel.   TechnipFMC will design, manufacture, deliver and install subsea equipment including the subsea production syste


Shanghai Electric in tie-up to make battery systems

Shanghai Electric Guoxuan New Energy Technology and Pacific Green Technologies have signed a memorandum of understanding on the strategic manufacturing of battery energy storage systems. The two parties will leverage their respective advantages and resources to explore new energy


Jordan’s share of electricity from renewables up 20pc: Irena

Jordan’s share of electricity from renewable energy sources grew from almost zero in 2014 to around 20 per cent in 2020, thanks to enabling frameworks and policies that have supported the deployment of renewable energy technologies, including solar photovoltaic (PV) and onshore wind, ac


Mammoet adds new cranes to Mideast fleet

Mammoet, the world’s largest engineered heavy lifting and transport service provider, has expanded its fleet with the addition of eight cranes in the Middle East, Africa and Caspian (MEA) region.   Established in the region for over 40 years, Mammoet MEA p

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