Friday 20 April 2018

Schlumberger ‘keen to offer exploration tech in Lebanon’

Schlumberger, a global technology company, is eager to bring its pore-to-pipeline solutions to customers in Lebanon to help tackle Mediterranean deep water challenges from exploration to early production, said its VP and managing director for Egypt & East Mediterranean.   &nb


Acwa consortium wins Salalah IWP desal plant deal

Oman Power and Water Procurement Company (OPWP) has awarded a RO60-million ($155 million) contract to a consortium led by Saudi-based Acwa Power for developing the sultanate's first independent water desalination (IWP) procurement in the governorate of Dhofar. The consortium,


Taqa raises $1.75bn from two-tranche bond issue

Abu Dhabi National Energy Company, also known as Taqa, raised $1.75 billion in a two-tranche dollar denominated bond issue that was 4.7 times oversubscribed. The two tranches consisted of bonds with maturities of seven years with a coupon of 4.375 per cent, and bonds with maturit


Intertek, Daleel Petroleum host workshop in Oman

UK-based Intertek, a top quality solutions provider to industries worldwide, recently hosted a production and integrity assurance workshop in partnership with Daleel Petroleum, a leading oil producing company in Oman. Daleel Petroleum is involved in exploration and production, an


SNC-Lavalin wins Saudi Aramco gas plant contract

SNC-Lavalin, a leading engineering and construction group, said it has been awarded a multimillion-dollar contract by state oil giant Saudi Aramco to install additional facilities at its Wasit Gas plant, a major energy processing facility, in the country's Eastern Province. W


GlassPoint calls applications for incubator programme

GlassPoint Solar, leading supplier of solar energy to the oil and gas industry, is now accepting applications for its GlassPoint Innovation Spur programme from innovators looking to transform their inventions into implementable businesses. With partners including The Research Cou


Woqod raises foreign ownership to 49pc

Qatar Fuel (Woqod) has increased the percentage of non-Qatari ownership to 49 per cent and also raised the maximum limit of individual ownership to 1 per cent of Woqod share capital. Chief executive officer of Qatar Fuel, Saad Rashid Al-Muhannadi indicated that this recommendatio


Bahrain oil find will drive private investments: Moody’s

The discovery of hydrocarbon deposits containing at least 80 billion barrels of tight oil and 10-20 trillion cubic feet of deep natural gas in a new offshore field off the west coast of Bahrain – if verified by an international oil consortium as being technically and economically recove


Higher oil prices ‘won’t impact GCC credit profiles’

The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations for the evolution of sovereign credit profiles have


Acwa, Engie in race for 400MW Saudi wind power project

Leading industry giants Acwa Power, the renewable energy units of European utilities Electricite de France and Enel and Engie’s International Power are the main bidders for Saudi Arabia's first wind-power project, reported Bloomberg, citing the Energy Ministry’s Renewab

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