Sunday 28 May 2017

Oman Shipping sets up new chartering service

Oman Shipping Company (OSC), one of the biggest ship owners in the Middle East and North Africa (Mena) region, has set up a new commercial chartering desk offering its very large crude carrier (VLCCs) to major traders and charterers covering VLCC routes worldwide.  


McDermott inks partnership deal with Saudi Aramco

McDermott International, a leading engineering, procurement, construction and installation (EPCI) contractor, has signed a deal with oil giant Saudi Aramco to expand and develop its physical and human capital within the kingdom. The McDermott move comes in line with Aramco’


Somo to sell second Basrah Light cargo on DME

Iraq’s State Organization for Marketing of Oil (Somo) is set to sell a second Basrah Light cargo on the auction platform of Dubai Mercantile Exchange (DME), following the success of the first auction, said a top official. Two million barrels of Basrah Light crude will be pl


Grid inter-connectivity to net $33bn savings for GCC

Grid inter-connectivity between the GCC countries will generate $33 billion in investments, economic and energy savings for the bloc over the next 25 years, reported The Gulf Times, citing data from leading global consultant Dun & Bradstreet. The GCC Interconnection


Siemens completes extensive service at Dewa plant in record time

Siemens has completed extensive service operations on the gas turbines at Jebel Ali K-station in a record time of only 29 working days, a notable accomplishment for a project of this scale, the company said. The power plant is located in Dubai and owned by Dubai Electricity and W


Oman to call proposals for major solar project

Oman is likely to issue a Request for Proposals (RfP) in the fourth quarter of this year to set up its first large scale solar Independent Power Project (IPP), a report said. Oman Power and Water Procurement Co (OPWP) plans to procure several IPPs providing around 2,400 MW of new


Masdar in bid to develop solar desalination plants

Abu Dhabi's renewable energy company Masdar said it has started testing of three systems to capture solar heat as part of its renewable energy desalination programme, to develop water desalination stations with greater energy efficiency and commercial advantage. The three sys


Top firms eye Saudi-Egypt power grid link deal

Eight major players in the power sector have presented their technical bids for a power grid link between Saudi Arabia and Egypt, said a report. The list includes Saudi Arabia’s NCC, Korean group Hyundai, India’s Kalpataru Power Transmission and KEC International and China&


L&T showcases engineering expertise at Saudi event

India's top engineering and construction firm Larsen & Toubro (L&T) showcased its key solutions at Saudi Elenex, a trade exhibition for the power, solar and lighting industries, which was held recently in capital Riyadh. The event, which attracted over 112 companies f


Siemens completes Dubai power plant work

Siemens, a global technology powerhouse, said it has achieved a major milestone by completing the extensive service works of the gas turbines at Jebel Ali K-station, Dubai, in a record time of only 29 working days. It is a notable accomplishment for a project of this scale, said

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