Monday 20 February 2017

Oman in first private power plant contract extension

Oman Power and Water Procurement Company (OPWP) has signed a deal formally allowing Al Kamil Power, one of the country's earliest Independent Power Projects (IPP), to remain in operation for another four years beyond its existing contract which expires in 2017, said a report.


JPMorgan, Morgan Stanley set for key Aramco IPO role

Saudi Arabia is close to appointing leading banks - JPMorgan and Morgan Stanley - as lead underwriters on the initial public offering of Saudi Aramco, the world’s largest oil producer, which is aiming to become the most valuable listed company, said a report.  


ABB wins $70m power gear deal for Europe rail

ABB, a pioneering technology leader, has won orders worth $70 million from Swiss train manufacturer Stadler to supply state-of-the-art traction and onboard power equipment to three European rail operators. The new equipment will enable more sustainable regional and suburban trans


NDC inaugurates advanced offshore rig built in UAE

National Drilling Company (NDC), an Adnoc (Abu Dhabi National Oil Company) Group company, has celebrated the inauguration of its new state-of-the-art jack-up rig manufactured in the UAE in the Hamriyah Free Zone in Sharjah. This raises the number of new offshore rigs acquired by


Mubadala Investment organised into four platforms

Mubadala Investment Company, the newly-formed strategic investment company wholly owned by the government of Abu Dhabi, will organise its approximately Dh460 billion ($125 billion) portfolio into four investment platforms of significant scale. The sectors include: Petroleum &


Norway firm offers documented green power

Norway-based Ecohz, a provider of global renewable energy solutions, now offers green power documented by the International REC Standard  to companies operating in the Gulf. By buying I-RECs companies can reduce their greenhouse gas emissions and improve their sustainability


Forum puts focus on career in green buildings sector

Emirates Green Building Council (EmiratesGBC), an independent forum aimed at conserving the environment by strengthening and promoting green building practices, joined hands with Heriot-Watt University, Dubai, to host a ‘Student Forum’ that highlighted career opportunities in the gr


Honeywell unveils industrial IoT solution at Egypt expo

Global technology leader Honeywell is highlighting the important impact the Industrial Internet of Things (IIoT) and big data will have on the development of Egypt’s growing oil and gas sector at the ongoing Egypt Petroleum Show (Egyps). This comes at a time when the advanc


AkzoNobel calls bright minds to join chemistry challenge

AkzoNobel, a world leader in performance coatings technology and innovation, is calling bright young minds working in the field of chemistry to join its global Imagine chemistry challenge. Organised by AkzoNobel Specialty Chemicals and in conjunction with KPMG, the initiative aims to l


Oman closes bids for two hydrocarbon blocks

Oman Ministry of Oil & Gas has closed bids for two hydrocarbon concessions onshore Block 31 and the offshore Block 52 offered up by the as part of the Oman Licensing Bid Round, a report said. They were among a portfolio of four blocks offered for investment under Exploration

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