Monday 24 April 2017
 
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DNO investment in offshore Oman tops $100m

DNO, a Norway-based oil and gas company, has invested more than $100 million in Oman’s Block 8 since started operations of the concession offshore Musandam peninsula in 2012, a report said. Block 8 is home to the Bukha and West Bukha fields, currently Oman’s only offs

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Salini Impregilo JV wins $255m Saudi desal plant contract

Salini Impregilo, an Italy-based global player in infrastructure construction, said its Fisia Italimpianti unit and a Spanish partner have been awarded a $255 million contract by Saudi-based Acwa Power to design and build a water desalination plant in the kingdome. Located i

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Mubadala unveils Abu Dhabi community masterplan

UAE-based Mubadala Real Estate and Infrastructure has unveiled the masterplan for Arzanah, a major community project designed to become the new urban destination of Zayed Sports City in the capital Abu Dhabi. A 1.9-million-sq-m development, Arzanah will comprise a mix of resident

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Oil likely to hover at around $55 in 2017-2018: IMF

The International Monetary Fund (IMF) expects global oil prices to keep at around $55 per barrel in 2017-2018, according to the latest World Economic Outlook report released on Tuesday. The average price of crude oil amounted to $42.84 per barrel in 2016, reported

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GE lands Kuwait power plant equipment order

Technology giant GE said it has won an order from Kuwait's Ministry of Electricitys to supply a steam turbine generator set and two heat recovery steam generators (HRSG), along with associated engineering and other services for its Sabiya Power Plant. The equipment will allow

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UAE sees healthy oil demand from emerging markets

The UAE sees a healthy level of demand for crude oil in the future from emerging economies in Africa and Asia and the country will remain commercially-minded in its strategic oil investments, said Suhail bin Mohammed Faraj Al Mazrouei, UAE Minister of Energy. Al Mazrouei’s commen

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GE to supply power generation gear for Kuwait plant

GE will supply a steam turbine generator set and two heat recovery steam generators (HRSG), along with associated engineering and other services for the Kuwaiti Ministry of Electricity’s Sabiya Power Plant. The equipment will allow the conversion of the plant from simple-cy

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Siemens, Dewa launch digital asset optimisation project

Siemens and Dubai Electricity and Water Authority (Dewa) have signed an agreement to collaborate on an advanced data-driven project to drive higher levels of operational efficiency of Dewa’s power assets. The project is designed to help Dewa achieve its vision of becoming a

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Punj Lloyd wins $48m Saudi refinery project

Punj Lloyd, an engineering and construction group in India, said it has secured an engineering, procurement and construction (EPC) contract worth ₹3.12 billion ($47 million) from Yanbu Aramco Sinopec Refining Company (Yasref) for its project in the Yanbu region of Saudi Arabia. T

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Seven petrochemical projects to go on stream in Iran

A total of seven petrochemical projects will go on stream in Iran’s Pars Special Economic Energy Zone in Assaluyeh, Bushehr Province by mid-March 2018, a senior official said in a report. Forty petrochemical facilities are currently in operation in Pars Special Economic Ene

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