Sunday 25 January 2015

Abu Dhabi’s Powerwise posts 26pc energy savings

The Powerwise office, part of Abu Dhabi’s Regulation and Supervision Bureau, has announced that its recent project has resulted in average energy savings of around 26 per cent over a period of three months. The results of Powerwise Home Makeover Project (PHMP) were announce


Alderley to supply metering systems for Saudi project

Alderley, a leading engineering company operating in the oil, gas, petrochemical and water industry, has won a contract to supply nine oil metering systems and small volume provers for a project in Saudi Arabia. The Jazan Refinery Package 14, Marine Terminal Project is expected t


Oman oil minister slams Opec policy on prices

Oman Oil Minister Mohammad bin Hamad Al-Rumhy sharply criticised Opec's production policy on Wednesday, saying it was creating volatility in the market without benefiting oil producers and that his country was suffering. In November, Opec decided to keep its output unchanged


Petrofac, CCC win $4bn Kuwait heavy oil project

A consortium led by Petrofac, an international oil and gas services provider, has won a $4 billion contract for the first phase of Kuwait Oil Company’s (KOC) Lower Fars heavy oil development programme. The consortium includes Greece-based Consolidated Contractors Company (C


Zayed Future Energy Prize submissions open

The Zayed Future Energy Prize, an annual $4 million prize which recognises achievements in the fields of renewable energy and sustainability, has opened submissions and nominations for the 2016 award. The award honours individuals, organisations and schools for advancing solution


UAE project to use desert land for energy, food

Abu Dhabi’s Sustainable Bioenergy Research Consortium (SBRC) has awarded a contract to International Mechanical & Electrical Company (Imeco) to construct the world’s first bio-energy pilot project to use desert land – irrigated by seawater – to produce both bio-energ


Oil inches above $48 amid weak outlook

Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts fretted that the outlook for the next six months remained bleak due to oversupply. Oil fell as much as 5 per cent on Tuesday after the International Monetary Fund cut its 2015 global


Oil price slump makes 2015 outlook unclear, says Tasnee

The new chief executive of Saudi Arabia's National Industrialisation Co (Tasnee) said on Tuesday that slumping oil and petrochemical prices were creating a difficult near-term outlook for the industry. Mutlaq Al Morished spoke after the firm reported a 46.5 per cent tumble in


Saudi Arabia's nuclear, renewable energy plans pushed back

Saudi Arabia's plans to build nuclear and solar energy projects will take about eight years longer to complete than originally intended, the head of the government body in charge of overseeing the projects said.   In 201


First Satorp diesel cargoes to US will land this week

The first US-bound cargoes of diesel from Saudi Arabia's 400,000 barrel per day Satorp refinery will land in New York early this week, traders said.   The cargoes of 10 ppm diesel on the SKS Driva and the Clio are schedu

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