Saturday 31 October 2020
 
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OMV, Mubadala close deal for strategic 39pc Borealis stake

OMV, the international integrated oil and gas company based in Vienna, said it has completed the transaction with Abu Dhabi-based Mubadala Investment Company for acquisition of an additional 39 per cent stake in top global chemical company Borealis.   Following

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World LPG Association to host e-LPG Week from Nov 2

The World LPG Association (WLPGA) has announced that e-LPG Week, the single most important LPG focused event that brings the entire value chain of the LPG industry together, will be held virtually from Novmeber 2 to 6.   Themed ‘Bringing Energy to Life&rsq

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DNO boosts Kurdistan output

DNO, the Norwegian oil and gas operator, has reported boosting Kurdistan output to 113,700 barrels of oil per day (bopd) in the third quarter, reversing declines triggered by oil market convulsions in the wake of Covid-19.    Production from the DNO-operate

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Tethys Oil raises stake in Block 56 onshore Oman

Tethys Oil has entered into an agreement with Medco Arabia, a unit of PT Medco Energi Internasional Tbk of Indonesia, whereby Tethys will acquire a 45% interest in the exploration and production license covering Block 56 onshore Oman. The transaction will increase Tethys’ i

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Abu Dhabi to light up 140,000 streetlights with LEDs

Abu Dhabi's Department of Municipalities and Transport (DMT) through Abu Dhabi City Municipality and the Abu Dhabi Investment Office, today (October 28) launched Phase Two of the Noor Abu Dhabi street lighting project.   The key project set up on Public-Priv

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ADNOC On the go’ stations launched in Al Ain

ADNOC Distribution, the UAE’s largest fuel and convenience retailer, has launched the latest model of its ‘ADNOC On the go’ neighborhood stations in Al Ain.   Designed to be modular and built to suit the community in which it is situated, the n

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Cognite partners with Accel to transform industry

Cognite, a global leader in industrial software innovation, has announced that it has signed a partnership agreement with leading global venture capital firm Accel.   Coupled with Accel’s broad network and expertise in successfully scaling software compani

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Welltec asserts geothermal credentials with prestigious US initiative

Welltec, a global technology company, has been awarded a crucial role in an important project funded by the US Department of Energy (DOE) and led by the University of Oklahoma, to illustrate that near-field enhanced geothermal systems (EGS) can be successfully deployed.  &nb

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L&T unveils key EPC services, digital solutions at Dubai expos

India's top engineering and construction firm Larsen & Toubro (L&T) is showcasing its digital  solutions and distinctive range of engineering, procurement and construction (EPC) services at the Water, Energy Technology and Environment Exhibition (Wetex) and the Dubai Solar Sh

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Oman Electricity Transmission Company awards $474m contracts

Oman Electricity Transmission Company (OETC) has awarded agreements worth RO183 million ($474 million) for Phase One of Rabt Project, which aims to connect the national grid in the north with Petroleum Development of Oman Company (PDO) electricity transmission network and Tanweer network in A

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