Oil & Energy
June 5, 2013
Dubai Electricity and Water Authority has signed a memorandum of understanding with First Solar to develop a programme for training on solar energy technology.
Shell committed to delivering gas from Bab sour gas project by 2020.
June 4, 2013
Nearly 22 per cent of Petroleum Development Oman's (PDO) oil production will be from enhanced oil recovery (EOR) by 2020, according to the head of new technology implementation at the company.
June 3, 2013
Oman Oil Marketing Company has announced the first nine winners out of a total 19 in the first draw of the 9th edition of Shop & Win with ahlain.
Venezuela’s Pacific Rim Energy is interested in establishing a $200 million solar power plant in Jordan with generation capacity of 80 to 100 megawatts.
Egypt has begun implementing the first phase of a project to distribute petrol from depots to gas stations using smart cards as part of a plan to restructure the energy subsidies.
June 2, 2013
Oman Oil Company Exploration and Production LLC (OOCEP), an upstream oil and gas subsidiary of Oman Oil Co, has awarded a US$40mn engineering, procurement and construction (EPC) contract to Abu Dhabi-based National Petroleum Construction Co (NPCC).
Saudi Arabia exported nearly 1.06 billion barrels of oil in the first five months of the current year that yielded SR 428.6 billion, an economic expert was quoted by the local media.
Emirates National Oil Company has announced that the retail price of diesel will be reduced by 20 fils per litre across all its ENOC/EPPCO service stations with effect from today (June 1, 2013).
May 30, 2013
Mena Infrastructure Fund LP, a leading specialist infrastructure private equity fund, sponsored by Waha Capital PJSC, Fajr Capital Ltd and HSBC Group, has acquired a 20 per cent shareholding in Sohar Power Company SAOG.
May 29, 2013
Kuwait National Petroleum Co said yesterday that it has signed a $516 million contract with South Korean Daelim Industrial for the repair and expansion of sulphur processing facilities at the Gulf state's largest refinery of Mina Al-Ah madi.
The oil-rich UAE began construction yesterday of a second nuclear power plant, one of four reactors aimed at cutting carbon dioxide emissions by some 12 million tonnes a year in 2020.
Emirates General Petroleum Corporation “Emarat” has entrusted to Sharjah’s Classic Cars Museum a collection of its equipment and old petroleum pumps.
May 28, 2013
French firm Solar Euromed is to build a pilot solar energy station and laboratory in southern Jordan.
Proper regulatory and policy frameworks are required to reach this potential, says expert.