Sunday 16 June 2019

Dewa launches tender for 900MW 5th phase of solar park

Dubai Electricity and Water Authority (Dewa) has issued a tender for the 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park for 900 megawatts (MW) of electricity using photovoltaic solar panels, based on the Independent Power Project (IPP) model. This move supports the ob


Jordan completes UAE-funded oil storage facilities project

Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has announced the successful completion of a Dh771 million ($210 million) petroleum storage facilities project in Jordan, which had been fully funded by ther Emirati entity. &nbs


Saudi minister hopes to balance oil market by next year

Saudi Energy Minister Khalid Al Falih said on Saturday that he hopes oil producers will be able to balance the oil market by next year.    "We hope that we will balance the market before next year. We are working on it," Al Falih told Reuters when


ExxonMobil-Sabic JV to build major chemical facility in Texas

Global energy giants ExxonMobil and Sabic have announced plans to start construction of a chemical facility and a 1.8-million metric tonne ethane steam cracker in San Patricio County, Texas, leading to thousands of high-paying jobs and billions in economic output. The joint-ventu


Mideast offshore market ‘continuing upturn’

The Middle East region's offshore market continues to demonstrate an upward trajectory, which makes it the most robust marketplace from a demand perspective, said an industry expert. This is widely attributed to the significant investment plans of Saudi Arabia and the United


Siemens Gamesa begins ops of energy storage system

In a world first, Siemens Gamesa Renewable Energy (SGRE), a global leader in the wind energy industry, has begun operation of its electric thermal energy storage system (ETES) in Hamburg-Altenwerder, Germany. The innovative storage technology makes it possible to store large quan


Global smart meters market on track to top $7bn

The global smart meters market is estimated to be worth $7.06 billion in 2023, increasing from $5.8 billion in 2018, according to GlobalData, a leading data and analytics company. The company’s latest report ‘Smart Meters, Update 2019 – Global Market Size, Compe


ULO Systems completes freespan correction of Lucina gas line in Gabon

Offshore grouting services specialist, ULO Systems (ULO), has completed work on the Lucina gas line freespan correction campaign for Perenco. The project scope included the supply and installation of grout bags, provision of grouting equipment and supply of qualified manpower. &n


Wellhead Solutions opens Dubai office

Wellhead Solutions, a specialist in wellhead equipment, has opened its Dubai office recently.    The company, a supplier of raw and forged, semi-machined and fully machined materials and offering heat treatment, mechanical testing, welding, service and refu


Enoc Group gets $690m term loan from Chinese banks

UAE-based Emirates National Oil Company (Enoc) Group has secured a five-year term loan worth $690 million from a Chinese consortium of banks as these financial institutions endorse the group’s operational and financial health. The term loan will finance general corporate pu

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