Sunday 24 March 2019

Acwa Power raises stake in Petro Rabigh unit

Saudi Arabia’s Acwa Power, a leader in power generation and water desalination, has increased its shareholding to 74 per cent in Rabigh Arabian Water & Electricity Company (Rawec) after buying all of Marubeni’s stake. The company has announced the completion of th


UAE to launch 3 solar power projects in Caribbean

The UAE will inaugurate three climate-resilient solar power projects in the Bahamas, Barbados, and Saint Vincent and the Grenadines this week under the $50 million UAE-Caribbean Renewable Energy Fund (UAE-CREF). The fund is a partnership between the UAE Ministry of Foreign Affair


India, Omani group seal $3.9bn Lankan refinery deal

India’s Accord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion deal to build an oil refinery in Sri Lanka, the biggest single pledge of foreign direct investment ever made in the country, said a Reuters report. China’s separate $1.4


Bahrain 'keen to upgrade oil industry'

Bahrain spares no effort in upgrading its oil industry and bringing it up to date with the latest technologies and maximise returns for the benefit of the national economy, Shaikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister, has said.   He was speaking


Compliance with oil production cuts improving: JMMC

The Joint Ministerial Monitoring Committee (JMMC) of oil producers that convened in Baku, the Republic of Azerbaijan on Monday reported a sizable improvement in compliance with production cuts implemented at the start of this year. It also recommended during its 13th meeting that


Veolia wins contract renewal for BP Oman water plant

Veolia, a leading designer and provider of water, waste and energy management solutions, said it has received a five-year contract renewal from oil giant BP for a reverse osmosis (RO) raw water treatment plant at the Khazzan tight gas field in Oman. A global leader in optimised r


BP Oman renews Veolia contract for raw water treatment

BP has renewed Veolia Middle East’s five-year contract for a reverse osmosis raw water treatment plant in Oman’s Khazzan tight gas field.   Veolia, the global leader in optimised resource management, will continue to handle operations and maintenance


Jumbo wins decommissioning work in North Sea

Jumbo has been awarded an offshore decommissioning project in the North Sea by Taqa Energy BV, involving the removal, transportation and disposal of three subsea protection domes and piles.   The removal operation will take place in the offshore series of fields


Adnoc awards Inpex onshore exploration rights

The Abu Dhabi National Oil Company (Adnoc), a leading global energy and petrochemicals group, has signed an agreement awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s Inpex Corporation. A wholly-owned Inpex subsidiary, Jodco Exploration Limited, will


Saudi energy park developer names new CEO

Saudi-based Energy City Development Company, the owner and developer of King Salman Energy Park (Spark), has appointed Saif S AlQahtani as its new president and chief executive officer following the approval from the company board. During the first board meeting held under the ch

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