Tuesday 28 July 2015

Opito opens nominations for safety awards

Employers and training providers working to achieve the highest safety standards in the oil and gas industry are being invited to submit their nominations for the sixth annual Opito Safety and Competency Awards 2015.   The accolades will be presented at the Opito Safety and C


Oil prices slide on China stocks rout

Oil prices fell to near four-month lows on Monday after a steep drop in Chinese stock markets and on more evidence of a global oil supply glut that has halved prices over the past year. Chinese stocks tumbled more than 8 per cent on Monday, the biggest one-day drop in eight years


PetroRabigh bucks trend; profit nearly triples

Saudi Arabia's PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved. The firm, a joint venture between Saudi Aramco and Japan's Sumitomo Chemical and formally called Rabigh Refining and Petrochemical Co, made


Technip in $2.9bn deal to upgrade Egypt refineries

Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements valued at a total of $2.9 billion with Egypt-based companies for upgrades of two refineries in the North African country. The contract with Egyptian General Petroleum C


Sipchem Q2 net profit down 55pc

Saudi International Petrochemical Company (Sipchem) reported a 55 per cent drop in second-quarter profit on Monday, missing analyst forecasts as its earnings were hit by plant closures and falling product sales prices. Sipchem made a profit of SR110.1 million ($29.4 million) in t


BG Egypt appoints oil veteran as new president

BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as its president, the company said in a statement on Sunday. The firm said Kacem had spent 23 years in the upstream and downstream oil and gas sector and was previo


Exova opens new Malaysia lab to create platform for growth

Exova Group, the global testing, calibration and advisory services provider, has opened a new laboratory in Johor, Malaysia in response to growing demand from the oil and gas and industrial sectors.   The move will extend Exova’s geographical reach and sup


Dolphin achieves production milestone

Dolphin Energy Limited has made a number of notable achievements in 2014 including accomplishing a major production milestone of reaching 5 trillion standard cubic feet since operations began; the tie-in of three new export gas compressors to the plant at Ras Laffan Industrial City, a


Enec installs new nuclear plant training simulator

The Emirates Nuclear Energy Corporation (Enec) has installed its second full scope APR-1400 training simulator at the organisation’s Simulator Training Center (STC) in Barakah, Abu Dhabi. The occasion also marked the successful completion of a major upgrade to Enec’s


Dewa wins 'Best Practice' award from Cisco

Dubai Electricity and Water Authority (Dewa) has received the best practice award by Cisco, a global leader in networking technologies, for the upgrade of its technology infrastructure to support future expansion plans in line with Dubai Smart City goals. Dewa’s migration o

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