Friday 3 July 2015

Tatweer spends $13m on training programmes

Tatweer Petroleum has invested more than $13 million in training programmes to develop its Bahraini workforce, it has emerged. The programmes included formal external/internal courses, workshops, cross postings as well as on-the-job training, said a report in the Gulf Daily N


GCC oil firms ‘must act now to beat price volatility’

Exploration & production (E&P) firms in the GCC will need to transform by making bold, organization-wide moves and redefine the way they interact with service providers to survive the recent drop in oil prices, an industry expert said. They must also do a better job of ma


GPIC wins top human resources award

Gulf Petrochemical Industries Company (GPIC) recently received the Human Resource Excellence Certification, a standard which assists managers improve the performance of their organisations through developing excellence in human resource management and development.   The cert


QP decides to not award contracts directly

Qatar Petroleum (QP) has decided not to assign any contracts by direct agreement with the relevant parties, including wholly or partly owned companies by QP or its subsidiaries, according to a report. This was disclosed by Gulf International Service (GIS), a subsidiary of QP, in


Adnoc finalises July-June diesel term contract

State-owned Abu Dhabi National Oil Co (Adnoc) has finalised its July 2015 to June 2016 diesel term contract with several buyers, traders said on Friday. The UAE company has finalised the term contracts at a premium of $2.35 a barrel over Middle East quotes, traders said.


Oil charity fundraiser named ‘Best Special Event’ in ME

The Oil Barons Charity Ball, a popular charity event in the Middle East region, which raised more than $200,000 this year, has been named the ‘Best Special Event’ at the Middle East Event Awards held in Dubai, UAE recently. Held under the patronage of Sheikh Nahyan Bi


GAC joins World Ocean Council

The GAC Group, a leading provider of integrated shipping, logistics and marine services, has become a member of the World Ocean Council (WOC), the international ocean business alliance for Corporate Ocean Responsibility. It joins more than 80 WOC members from the shipping, shipbu


Empower to showcase Dubai model of district cooling

A delegation from Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, is heading to Boston, US to take part in the 106th  International District Energy Association (Idea) Annual Conference and Trade Show that begins on June 28.


Oil prices steady, all eyes on Greece

Oil prices were little changed in thin trade on Friday, with investors focusing on talks aimed at averting a Greek debt default. Brent crude for August delivery was up 19 cents at $63.39 a barrel by 0334 GMT after ending the previous session down 29 cents, or 0.5 per cent.


Saudi Aramco plans cleaner fuels for key refineries

Saudi Aramco has revived plans to add a clean fuels unit in its biggest oil refinery in Ras Tanura and more environmentally-friendly units to its Rabigh refinery, industry sources said. There has been a shift in Middle Eastern refineries to produce cleaner fuel to target export m

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