Sunday 25 January 2015

UAE Minister of Energy to open Tank Storage event

Suhail Mohamed Faraj Al Mazrouei, the UAE Minister of Energy, will open the inaugural Tank Storage Middle East exhibition and conference and will also deliver its keynote address next week in Abu Dhabi, UAE.   The exhibition will take place on January 26 and 27, at the Abu Dh


Kuwait to spend $100bn on oil projects

Kuwait will  spend $100 billion on oil projects in the next five years to modernise the sector and increase production, the country's oil minister was quoted as saying. Funds will be spent on various projects related to production, refining, petrochemicals, as well as tr


Oil market will rebalance itself, in time, says Aramco CEO

It will take some time for the oil market to rebalance, but the market will balance itself, the head of Saudi Arabia's state oil company Saudi Aramco said on Wednesday. Expectations of higher oil prices by many investors have been shaken to a large degree, said Saudi Aramco C


Deep Casing Tools opens branch office in Dubai

Deep Casing Tools, a leading oil and gas services firm headquartered in Aberdeen (UK), said it has established its new branch office in the Jebel Ali Free Zone (Jafza) area in Dubai, UAE. Local sales and operational services have contributed to the company’s success and the


Eni CEO urges Opec to act now

The head of Italian energy company Eni Spa urged Opec on Wednesday to act to restore stability in oil prices, which he warned could overshoot to $200 per barrel several years down the road because of low investment now. Claudio Descalzi told Reuters Television he expected prices


KPC chief says expects oil below $100 for next few years

The chief executive of state oil company Kuwait Petroleum Corp, Nizar Al Adsani, said at an energy industry conference that he believed oil prices would remain below $100 a barrel for the next few years.   The country's


Dubai doubles renewable energy targets

Dubai has more than doubled its target for renewables in its overall energy mix given the falling cost of solar power, the head of the emirate's only utility said on Wednesday. The change comes days after the emirate upsized a planned solar plant to 200 megawatts (MW) from 10


Water technologies top GCC 'green' initiatives

The cleantech industry saw a sudden growth in confidence for water technologies last year, according to EY’s fourth Mena Cleantech Survey Report launched at the World Future Energy Summit in Abu Dhabi. The survey gauged the sentiment of senior industry executives on renewab


Abu Dhabi’s Powerwise posts 26pc energy savings

The Powerwise office, part of Abu Dhabi’s Regulation and Supervision Bureau, has announced that its recent project has resulted in average energy savings of around 26 per cent over a period of three months. The results of Powerwise Home Makeover Project (PHMP) were announce


Alderley to supply metering systems for Saudi project

Alderley, a leading engineering company operating in the oil, gas, petrochemical and water industry, has won a contract to supply nine oil metering systems and small volume provers for a project in Saudi Arabia. The Jazan Refinery Package 14, Marine Terminal Project is expected t

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