Thursday 30 March 2017

UAE cuts oil output by 200,000bpd: minister

The UAE reduced its oil production by nearly 200,000 barrels per day this month due to maintenance works, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said. Al Mazrouei, who was speaking on the sidelines of the Global Manufacturing and Industrialisation Summit


Trump scraps Obama-era rules to curb climate change

US President Donald Trump yesterday signed an order rolling back Obama-era regulations aimed at curbing climate change.   Signing the order in a room filled with coal miners and coal company executives, Trump said this would put an end to the "war on coal&q


Tax cuts lift Aramco value by $1 trillion: analyst

Saudi Aramco's upstream portfolio has increased by about $1 trillion following Saudi Arabia’s announced tax rate reduction, Rystad Energy, an oil and gas consulting service, has said.   Yesterday, Saudi Arabia announced that the tax rate for the petrol


Acwa seals key Jordan solar power plant deal

Acwa Power has signed a power purchase agreement with National Electric Power Company (Nepco) for the development, funding, construction, ownership and operation of a new 61.3 MWp photovoltaic plant in the Risha province of Jordan. With the Risha PV IPP, Acwa Power’s portfo


Trowers & Hamlins boosts Mideast energy team

Trowers & Hamlins, a leading international law firm, said its partner and head of energy and natural resources Tom Wigley has relocated to its Oman office from London as part of its regional strategy. Tom was based at the firm's London office for 15 years. During this tim


Empower sees customer numbers surge to over 65,000

UAE-based Emirates Central Cooling Systems Corporation has registered a solid growth in its customer base which soared to 65,000 by end of 2016. A major district cooling services provider, Empower said the main reason behind this increase was the customers’ growing trust in


Strategic investments 'key to enhancing heavy oil recovery’

Strategic investments will play a pivotal role in enabling the recovery of a widely abundant yet complex energy resource that can potentially extend the life expectancy of hydrocarbon supplies, according to an oil industry expert. Speaking ahead of the upcoming Middle East Heavy Oil Co


Total to invest $1.7bn in Texas petchem expansion

Total is entering a partnership with Borealis and Nova to form a joint venture with the aim of building an ethane steam cracker and a new Borstar polyethylene unit on the US Gulf Coast. Total is expected to hold a 50 per cent interest in the new joint venture.  


DuPont, Dow granted clearance for merger plan

DuPont and The Dow Chemical Company has announced that the European Commission (EC) has granted conditional regulatory clearance in Europe of the companies’ proposed merger of equals. This regulatory milestone is a significant step toward closing the merger transaction, wit


Aramco signs MoU to boost Eastern Province CSR

Saudi Aramco has signed a cooperative memorandum of understanding with the Eastern Province Council for Social Responsibility (EPCSR) to create a deep-rooted corporate social responsibility culture in the Eastern Province of Saudi Arabia. The MoU was signed by Princess Abeer Bint

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