Tuesday 17 July 2018

Dana Gas receives $44m from Kurdistan ops

Dana Gas, a leading natural gas company, has received $43.75 million in the first half of 2018 as dividends from Pearl Petroleum Company for condensate and LPG sales in the Kurdistan Region of Iraq (KRI). This includes a $7 million payment for the month of June, a company stateme


Dewa to award $3bn power project contracts in 3 years

The Dubai Electricity and Water Authority (Dewa) is set to award contracts worth Dh11.4 billion ($3.1 billion) for the construction of 85 new 132/11kV substations and six 400/132kV substations over the next three years.   This is part of Dewa's efforts to su


SEC kicks of ops at $157m Al Jolla power station

Saudi Electricity Company (SEC) has started operating the main SR590 million ($157 million) Al Julla station with  33/132/380 KV, to serve a number of cities and villages in Riyadh, especially in Quwaiyyah, Muzahmiyeh and Dharma. SEC said that the plant was established in th


Sabic develops resins for cross-linked foaming

Saudi Arabia’s Sabic, a global leader in chemicals and intermediates has developed a dedicated, diverse global foam portfolio, applicable in almost all industrial applications - automotive, packaging, consumer and construction. Sabic is adding to this portfolio with two new


Global gas sector set for big growth over 5 years: IEA

Strong demand growth from China, greater industrial demand, and rising supplies from the US, will transform global natural gas markets over the next five years, said the International Energy Agency in its latest market forecast. Global gas demand will grow at an average rate of 1


Dewa launches Ideal Home initiative again

The Dubai Electricity and Water Authority (Dewa) has launched the Ideal Home initiative for the third time, to encourage customers to compete with each other in adopting conservation and the best sustainable practices to achieve happy and ideal homes, by meeting the requirements of the nine g


Saudi PIF takes key stake in Acwa Power

Saudi Arabia's Public Investment Fund (PIF) has acquired a significant stake in the International Company For Water And Power Projects (Acwa Power), a leading developer, owner, and operator of power generation and water desalination plants.   As a result of

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