Friday 18 August 2017

Qatar Fuel posts 31pc drop in H1 profits

Qatar Wood (Woqod) has posted a net profit of QR373 million ($100 million) for the first half (H1) of the year as compared to QR540 million for the same period in 2016, with a decrease of QR167 million or 31 per cent. Chief executive officer  Saad Rashid Al-Muhannadi said th


Dewa drive to raise e-adoption rate to 80pc

Dubai Electricity and Water Authority (Dewa) has launched its ‘8080 initiative’ to increase customer awareness of its smart services on Dewa’s smart app and website, so as to increase the smart adoption rate to 80 per cent in 2017. The e-adoption of Dewa’s


Energy Recovery wins $2.5m Saudi desal projects deal

Energy Recovery, a leader in pressure energy technology for industrial fluid flows, has won a contract worth $2.5 million to supply its PX pressure exchanger technology for desalination projects in Saudi Arabia. The orders began shipping in the second quarter of 2017, with expect


Iran plans $67bn investment in petchem

Iran plans to implement 68 petrochemical projects with an investment of $67 billion, the country’s oil minister was quoted as saying in a media report. The projects should become operational  between 2017 and 2021, added Bijan Namdar Zanganeh, according to the Iran


GPIC receives port operations licence

The Gulf Petrochemical Industries Company (GPIC) has been licensed by the Ministry of Transport and Telecommunications’ Ports and Maritime Navigation Affairs Department to operate and manage the company’s export terminal. The two-year licence was officially handed ove


Mitsubishi Hitachi Power Systems wins Egypt power station deal

Mitsubishi Hitachi Power Systems (MHPS) has signed a contract with Cairo Electricity Production Company (CEPC), a subsidiary of the Egyptian Electricity Holding Company (EEHC), for the upgrade of Cairo North Combined Cycle Power Station Module l. The natural gas-fired gas turbine


Iran, Russia, Turkey in tie-up to develop oil fields

Iran, Russia and Turkey have signed agreement on maintaining trilateral cooperation in developing oil and gas fields, a report said. According to Petroleum Ministry, the agreement was sealed among Ghadir Exploration and Production Company, Russia Zarubezhneft Company and Turkey U


Kanoo Oil & Gas in local assembly deal with BRDR Christensen

Kanoo Oil & Gas, a division of YBA Kanoo Group, has signed an assembler agreement with BRDR Christensen of Denmark for the local assembly of lubricated plug valves in Saudi Arabia. The agreement was signed during a recent visit by a high-level management delegation from BRDR


DNO receives $39.59m from Kurdistan

DNO ASA, the Norwegian oil and gas operator, has reported receipt of $39.59 million from the Kurdistan Regional Government as payment towards May 2017 crude oil deliveries to the export market from the Tawke license in Kurdistan. The funds, to be shared pro-rata by DNO and partne


Top oil and gas experts to speak at Caspian conference

Senior executives and technical experts from the Caspian oil and gas industry are confirmed to speak at the region’s leading technical conference this autumn. The SPE Annual Caspian Technical Conference and Exhibition (CTCE), now in its fourth year, will return to Baku, Aze

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