Thursday 26 November 2015

Emerson introduces first wireless pressure gauge

Emerson Process Management, a leader in helping businesses automate their production, distribution and processing facilities in key industries, has introduced the industry’s first WirelessHart pressure gauge. The Rosemount Wireless Pressure Gauge enables remote collection o


World powers to help Iran redesign nuclear reactor

Six world powers will help Iran redesign its Arak heavy water reactor so that it cannot produce weapons-grade plutonium, according to a document released by the state news agency IRNA on Saturday. The document was signed separately on November 13, 17 and 18 by the foreign ministe


Iran says no Opec approval needed to boost output

Iran's oil minister said on Saturday Tehran does not need to seek permission from Organisation of the Petroleum Exporting Countries ( Opec) to increase oil production, state news agency IRNA reported. "To increase Iran's oil production in the global market after the


Iran woos global giants with new energy deal terms

Iran's new oil and gas contracts will have flexible terms that take into account oil price fluctuations and investment risks, a senior Iranian official told Reuters on Saturday. Iran is trying to lure back international oil companies to develop its vast oil and gas reserves o


Russia-Opec deal unlikely ahead of Vienna meeting

There is little likelihood Russia will work with Opec on cutting oil output ahead of or on the sidelines of a meeting of the exporter group in Vienna next month, officials and industry insiders say. Opec made a historic policy shift late last year, led by Saudi Arabia and backed


India's Petronet nearing key Qatar gas deal

India's biggest gas importer Petronet LNG is close to renegotiating a major deal with its Qatari supplier Rasgas, lowering the cost of gas shipments and avoiding a $1.5 billion penalty fee for lifting less gas than agreed, two sources said. The renegotiation is another sign o


1MDB nears sale of power assets to China/Qatar consortium

Malaysia's 1MDB is nearing the sale of its power assets to a consortium including Qatar's Nebras Power and China General Nuclear Power Holding Corp, people familiar with the matter said on Friday, in a deal that would bring relief to the scandal-hit state fund.  


Genel Energy plans joint gas company in Iraqi Kurdistan

Genel Energy, a main oil producer in Iraqi Kurdistan, plans to establish a joint company with the Iraqi Kurdish government to develop gas fields, its chairman said on Friday.   Tony Hayward also said at a conference in Istanbul that the Iraqi Kurdistan region wa


Major projects in Bahrain ‘on track despite oil price drop’

Oil prices plunging to six-year lows will not affect the development of oil and gas infrastructure in Bahrain,  Energy Minister Dr Abdulhussain Mirza has said. Addressing a panel discussion at the  Arab Petroleum Investments Corporation (Apicorp’s) Energy Forum hosted by the k


Saudi’s Apicorp to acquire shipping asset soon

Saudi Arabia-based Arab Petroleum Investments Corp (Apicorp) plans to acquire a shipping asset and could close that deal either year-end or in the first quarter of 2016, its chairman told Reuters on Thursday.   "The pipeline is full. There are plenty of opp

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