Sunday 28 May 2017

PDO signs $35m deals with Omani firms

Petroleum Development Oman (PDO) has signed three contracts worth $35 million with Omani firms for the supply and servicing of compressors. PDO has agreed two contracts with Bin Salim Enterprises for the supply of instrument air compressor packages and the maintenance and repair


Saudi Electricity inks $1.46bn projects deal

Saudi Electricity Company (SEC) has finalised implementation and operation of a number of electric transmission and interconnection projects in the northern regions of the kingdom at a total cost of SR5.5 billion ($1.46 billion). They included six plants for transmitting electric


Abu Dhabi launches $870m solar power plant

Abu Dhabi has launched a Dh3.2 billion ($870 million) project to build the world's largest independent solar power plant, which will position the emirate as the global capital for best economic, environmental and technological practices. A ceremony was held on Wednesday to la


Bahri hosts crew conference in Manila

Bahri Ship Management, a business unit within Bahri, recently organised its 11th annual crew conference to provide its crewmembers with an opportunity to learn more about the latest industry developments from experts and share knowledge and experiences. National Shipping Company


Topaz revenue down 25pc in Q1

Dubai-based Topaz Energy and Marine, a leading international offshore support vessel company, has posted a revenue of $58.2 million for the three months ended March 31, 2017, down 25 per cent compared to $77.7 million for the same period last year. The company also reported EBITD


Global renewables workforce to hit 24m by 2030

Global energy system is creating more jobs in renewables than in fossil-fuel technologies, according to a new report by the International Renewable Energy Agency (Irena). Falling costs and enabling policies have steadily driven up investment and employment in renewable energy ind


BP completes drilling of 50th well at Khazzan project

BP revealed that it has reached a significant milestone in the development of the Khazzan gas project in Oman, with the successful drilling and completion of the 50th well at the large gas field in Block 61, said a report. This is the final well targeted for completion enabling f


Iran, European firms sign $3.3bn petrochem plant deal

Iranian and European companies signed a contract valued at €3 billion ($3.35 billion) to build a petrochemical plant in the Assalouyeh region of southern Iran, said a report. The funds are expected to be spent towards building a plant that will make two types of polymers for


Sembcorp JV to develop 300 MW Oman power project

Marafiq, a joint venture firm set up by Takamul Investment Company (a wholly-owned subsidiary of Oman Oil Company), and Singapore-based Sembcorp Utilities, is set to develop a 300 MW power project in the special economic zone (SEZ) at Duqm in the sultanate. Duqm is presently serv


Honeywell introduces new cloud-enabled BMS

Honeywell, a global technology and manufacturing leader, has introduced Outcome Based Service, a new cloud-enabled building management service (BMS) aimed at making the region’s facilities greener, safer and more productive. The service helps prioritise building maintenance

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