Monday 24 October 2016

Iran to sign 2 contracts to develop South Pars

Iran plans to sign two contracts on the development of the giant South Pars Gas Field by March, said a senior government official. Deals will be aimed at the development of Phase 11 and the oil layer of South Pars, Oil Minister Bijan Namdar Zanganeh was quoted as saying in Ir


Adnoc to merge shipping, marine and services firms

Abu Dhabi National Oil Company (Adnoc) announced today its intention to consolidate the operations of three of its shipping, marine and services companies to create a single world-class entity. The Abu Dhabi National Tanker Company (Adnatco), Petroleum Services Company (Esnaad),


Huawei launches Cloud Campus solution at Gitex

Huawei, a leading global ICT solutions provider, has unveiled its Cloud Campus solution at the Gitex Technology Week 2016, currently under way in Dubai, UAE. The solution is aimed at empowering businesses with broadband network agility to cope with the demand of increasingly data


Bauer marks 40 years of rotary drilling success

The Bauer Group, a leading provider of services, equipment and products dealing with ground and groundwater, is celebrating four decades of its rotary drilling technology success. Bauer has influenced specialist foundation engineering since the mid 20th century. Exactly 40 years


Siemens unit to supply compressor trains to Ghana

The Dresser-Rand business, as part of Siemens Power and Gas, recently secured a contract to supply two compressor trains to an onshore receiving facility in Ghana, Africa. The Dresser-Rand business is a leading supplier of mission-critical, high-speed rotating equipment solutions


BP Oman tie-up to promote green energy awareness

BP Oman recently signed an agreement with Nafath Energy, a renewable energy company, to promote understanding of sustainable energy among college and university students, a report said. The Social Investment Programme (SIP) aims to educate 100 students through workshops held by N


Iran, Guinea partner in water, energy sectors

Iran and the Republic of Guinea have signed a memorandum of understanding (MoU) to step up cooperation in water, power and energy sectors, a report said. The pact includes the construction of power plants and hydroelectric dams in the West African state, the Iran Daily report sai


Bahrain summit focus on ethylene sector

The second Ethylene Middle East Technology Conference was formally launched in Bahrain by Oil Minister and National Oil and Gas Authority chairman Shaikh Mohammed bin Khalifa Al Khalifa yesterday (October 17), reported the Gulf Daily News, our sister publication. To read


Masdar Free Zone unveils new clean-tech licences

Masdar City, one of the world’s most sustainable urban developments, is introducing new licences to encourage entrepreneurs to set up facilities within the city’s business free zone. The announcement coincides with the 36th Gulf Information Technology Exhibition (GITE


Apicorp profits stay steady

The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, has reported a total profit of $55.1 million for the first half of 2016. The profit was marginally lower than the first half of 2015 ($56.5 million). However, this result was achieved despite c

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