Wednesday 16 January 2019

Kuwait set to float $493m gas pipeline tender in February

Kuwait Oil Company (KOC) is set to next month float the final tender for a  KD150-million ($493 million) gas pipeline planned mainly for transportation of natural gas from North Kuwait to its refinery in Mina Ahmadi, said a report.    KOC is currently evaluating bi


Bahri CEO Joins ITOPF board of directors

The CEO of Bahri, Abdullah Aldubaikhi, has been appointed to the board of directors of ITOPF, the world’s largest ship owner organisation providing objective advice on effective response to spills of oil, chemicals and other substances in the marine environment.  


Penspen wins Feed contract for Morocco pipeline project

Penspen, a leading global provider of engineering and project management services to the energy industry, has announced that it has been awarded a contract to execute Phase One of the Feed (front-end engineering and design) contract of the proposed gas pipeline between Nigeria and Morocco.


Honeywell awards scholarships to 4 Cairo University students

Honeywell recently awarded scholarships to four chemical engineering students from Cairo University as a part of its ongoing commitment to develop and support young engineering talent in Egypt. Honeywell awarded the students at an event hosted by Cairo University.


Bentley tools help Oman Gas boost reliability growth

Bentley Systems, a leading provider of comprehensive software solutions for advancing infrastructure, said it has helped Oman Gas Company (OGC) improve its reliability growth at a significant rate of nine per cent in a year using the auto-alert and email notification features of Bentley’s


S&P cuts its 2019-20 Brent/WTI price forecast

S&P Global Ratings has lowered its average annual price assumptions for Brent and West Texas Intermediate (WTI) crude oil for 2019 by $10 per barrel (bbl) to $55/bbl and $50/bbl respectively, and for 2020 by $5/bbl to $55/bbl and $50/bbl. S&P’s long-term oil price d


Oil to trade in $60-$70 range by mid-2019: Apicorp

Oil prices are likely to trade between $60-$70 per barrel (b) range by mid-2019, barring sharp economic slowdown, said Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, in a new research report on the global oil market. The last quarter of 2018 wa


KBR unit wins major US Army IT services deal

KBR, a global provider of professional services and technologies, has announced that SGT LLC, a business unit of KBRwyle, has won a seat on the $12.1-billion US Army Information Technology Enterprise Solutions-3 (ITES-3) Services Contract.    KBRwyle is KBR


Saudi Aramco units win top business awards

Saudi Aramco’s Yanbu NGL Fractionation Department and Abqaiq Plants have been declared winners of King Abdulaziz Quality Award in the Major Production Companies sector. The announcement of the fourth King Abdulaziz Quality Award was made in a ceremony held yesterday (Januar


ExxonMobil, IBM to work on quantum computing in energy sector

ExxonMobil has signed a partnership agreement with IBM to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies.    The new partnership was formally announced during the 2019 Consumer Electronics

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