Saturday 19 January 2019
 
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Bahrain signs new oil exploration deal with Eni

Bahrain's National Oil and Gas Authority (Noga) and Italy's Eni have signed a memorandum of understanding (MoU) on pursuing petroleum exploration of Block 1 in the northern territorial water of Bahrain with a depth ranging from 10 m up to 70 m.   Block 1

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Sharjah awards Eni three long-term concessions

Sharjah's Ruler HH Sheikh Dr Sultan bin Mohamed Al Qasimi has signed a long-term agreement awarding Eni three long-term concessions to explore and develop onshore oil and gas fields in a 30-year partnership with Sharjah National Oil Corporation (SNOC).   Ear

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Oil market will soon return to balance: Al-Falih

The oil market is on the right track and the market will quickly return to balance, said Saudi Minister of Energy, Industry, and Petroleum Resources Khalid Al-Falih.   In his remarks during the Atlantic Council Global Energy Forum as part of Abu Dhabi Sustainabi

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Saudi to generate 60GW in renewable energy by 2030

Saudi Arabia aims to produce 60 gigawatts of renewable energy, including 40 GW from solar energy and 20 from wind and other sources by 2030, a senior official has said.   Dr Khalid bin Saleh Al Sultan, president of the King Abdullah Atomic and Renewable Ene

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UAE developing standards for AC power use in Gulf

The Emirates Authority for Standardisation and Metrology (ESMA) has announced that the UAE is currently developing a regional regulation for air-conditioning systems with regard to energy consumption in the GCC countries.   According to Abdulla Al Maeeni, ESMA d

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ULO Systems projects 28pc growth this year

ULO Systems, which is part of the Bukhatir group and a leading provider of services within the offshore oil and gas industry, anticipates a 28 per cent growth in global revenue in 2019.    Despite conservative projected market conditions in the global oil a

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Tendeka wins major Mideast oil project contract

Tendeka, a global leader in advanced completions and production optimisation, said it has secured a further multi-million-pound contract with a major national oil company in the Middle East region.   The agreement will see Tendeka provide reservoir modelling and

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Oil market set for price corrections by month-end: UAE minister

The global oil sector will be ripe for more price corrections by the month-end following the Opec- non-Opec deal in December to cut their combined oil output by 1.2 million barrels per day, said  Suhail bin Mohammed Faraj Faris Al Mazrouei, the UAE Minister of Energy and Ind

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Abu Dhabi fund backs Mauritius solar PV project

Abu Dhabi Fund for Development (ADFD), a leading national entity for international development aid, has signed a $10-million concessionary loan agreement with the Government of Mauritius to fund a solar PV kits project.   The project aims to provide 10,000 solar

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Masdar-led consortium wins $500m Saudi wind farm project

Abu Dhabi-based Masdar said its consortium with French group EDF Energies Nouvelles has been awarded the contract to build the $500-million Dumat Al Jandal project, the first utility-scale wind farm in Saudi Arabia.    The deal was awarded by the Renewable

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