Friday 31 October 2014

Siemens H-class gas turbine attains new milestone

The fleet of Siemens H-class world-record gas turbines achieved a cumulative 100,000 equivalent operating hours at the end of September. Forty of the H- class gas turbines have been sold worldwide to date, eleven of which are currently in successful commercial operation with a hi


Qapco teams with IBM and SAP to drive growth

Qatar Petrochemical Company (Qapco), a leading petrochemical powerhouse in the region and a pioneer in petrochemical production, has teamed up with IBM and SAP for the development and implementation of an innovative enterprise resource planning (ERP) platform that will improve the company&rsquo


Qatargas makes first Q-Max LNG delivery to Dubai

Qatargas Operating Company Limited (Qatargas) has delivered LNG on-board a Q-Max vessel for the first time to the Dubai Supply Authority (Dusup) LNG Terminal located at the Jebel Ali Port.   The Q-Max LNG Vessel Lijmiliya has a capacity of 263,000 cu m and is one of the larg


Unique Wellube supplies seal plugs for Adma-Opco project

Unique Wellube, a division of Unique Maritime Group (UMG), was recently contracted by Abu Dhabi Marine Operating Company (Adma-Opco) for the supply and engineering of mechanical seal plugs for a significant pipeline isolation project. Adma-Opco is a major producer of oil and gas


Iraqi Kurdistan's oil pipeline capacity to double

Iraqi Kurdistan plans to increase the capacity of its oil pipeline via Turkey to 700,000 barrels per day (bpd) following upgrade work, industry sources and officials said.   It will raise the flow to 400,000 bpd by year-end, from a current 280,000 bpd, adding fu


Saipem wins engineering, drilling deals worth $2bn

Italian oil services firm Saipem said it had won around $2 billion worth of engineering, construction and drilling contracts in the Middle East and Latin America.   Saudi Arabia's state-run oil company Aramco awarded Saipem engineering and construction contr


Sinopec firm starts laying pipelines for Iraq's Maysan oilfield

An engineering and construction unit under China's Sinopec Group has started building pipelines for Iraq's Maysan project that will help raise the oilfield's production to 460,000 barrels per day (bpd) by 2016, an industry website reported.   Iraq ha


RAK Petroleum plans IPO offering in Norway

RAK Petroleum, a leading oil and gas investment company in the UAE, is set to proceed with plans for an initial public offering and application for listing in Norway. Prior to the listing, RAK Petroleum will transfer substantially all of its assets, liabilities and business to a


Oil falls towards $85 amid supply glut

Brent crude extended its decline to a third day, dropping towards $85 a barrel on Tuesday, still under pressure from a Goldman Sachs report that slashed the investment bank's oil price forecasts amid a global supply glut. Citing rising production and insufficient demand, Gold


Opec unlikely to cut oil output, says Iran

Opec is unlikely to lower its oil production ceiling when the group meets in November, a senior Iranian oil official said, in comments that reduced the likelihood of any collective Opec action to support prices. Iran is normally among the first members of the Organization of the

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