Saturday 18 November 2017

Saudi Aramco to put up strong show at Adipec

State oil giant Saudi Aramco is expected to send its biggest ever delegation to this week’s Abu Dhabi International Petroleum Exhibition and Conference (Adipec), as Middle East national oil companies (NOCs) establish new commercial partnerships and diversify their operations to ensure sus


Fire hits Bahrain oil pipeline, no injuries reported

A fire broke out at an oil pipeline near the village of Buri in Bahrain on Friday night and was swiftly contained by the emergency services, reported BNA, citing the Interior Ministry. Coordination between the General Directorate of Civil Defence and the Bahrain Petroleum Company (Bapc


Dubai deploys 'robot staff' in electricity department

The Dubai Electricity and Water Authority (Dewa) said it has deployed five robots to serve as 'staff' in its customer service centres. The utility firm said the move is part of its continuous quest to envision the future, develop mechanisms to enrich customer experience a


Oil likely to hit over $80 by Christmas, says report

With oil prices trading near their highest level in two years owing to the tough Opec action leading to supply cuts, some traders are betting that the rate increase could have more room to run, said a report. A total of 48,000 contracts have traded over the last few days that wou


Sonatrach, BHGE to set up manufacturing facility in Algeria

Sonatrach, Algeria's state energy producer, has signed an agreement with Baker Hughes, a GE company (BHGE), to set up a 2,000-sq-m oilfield equipment manufacturing facility in Arzew Industrial Zone aiming to strengthen Algeria’s position in the upstream oil and gas market to meet loca


Tethys Oil wins exploration license onshore Oman

Tethys Oil, a Swedish energy company, said that it will be awarded a new exploration license for onshore Block 49 by Oman’s Ministry of Oil and Gas of the Sultanate of Oman. The Block will be signed on November 14.  Block 49 is an onshore block that covers a prospectiv


Abu Dhabi CEO meet to focus on oil sector growth

Twenty-seven of the world’s leading oil industry chief executives will gather, in Abu Dhabi, UAE on November 12, to discuss the new energy landscape and different models for growth at the second Abu Dhabi CEO Roundtable. The senior executives, representing many of the world


Dewa partners with Masdar, EDF for solar park

Dubai Electricity and Water Authority (Dewa) has partnered with Abu Dhabi Future Energy Company (Masdar) and Électricité de France (EDF) to develop the 800-MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park, as per the independent power producer (IPP) model.


Saudi Aramco signs $4.5bn oil, gas project deals

Saudi Aramco has signed $4.5 billion worth of agreements with several oil and gas service contractors for mega energy projects designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localise domestic content.   Eight


Baker Hughes to set up big oilfield equipment unit in Algeria

Algeria's state energy producer Sonatrach has announced plans to set up a 2,000-sq-m oilfield equipment manufacturing facility in the country's Arzew Industrial Zone in partnership with Baker Hughes, a GE company (BHGE).   As per the deal, Sonatrach and

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