Friday 21 July 2017

Saudi Aramco drilling JV to start commercial ops in Q3

Sanad, a joint venture between state oil giant Saudi Aramco and US-based Nabors Drilling Company is expected to start commercial operations in the third quarter of this year, reported Reuters.   The Saudi Aramco joint venture was set up to own, operate


Siemens, AES launch new energy storage JV

Siemens AG and The AES Corporation have announced an agreement to form a new global energy storage technology and services company under the name Fluence. The joint venture will bring together AES’ 10 years of industry-defining experience deploying energy storage in seven countri


Rockwell Automation launches new safety light curtain system

US-based Rockwell Automation, one of the world's largest companies dedicated to industrial automation, has introduced the new Allen-Bradley GuardShield 450L safety light curtain system. The new system is a flexible, cost-effective solution that enhances safety while improving


GE leads digital transformation of Kuwait CCGT plant

Global technology giant GE said its power unit has completed the digital transformation of Kuwait Ministry of Electricity and Water’s Sabiya combined cycle gas turbine (CCGT) power station ahead of schedule. The migration of Sabiya CCGT Power Station to asset performance ma


Oman Oil Co plans ammonia project in Salalah

Oman Oil Company, the wholly government-owned energy investment arm, is planning to set up an ammonia project that will be developed downstream of its existing methanol plant in Salalah Free Zone, said a report. This new plan follows the company having recently signed contracts f


Investcorp to sell Esmalglass for $692m

Bahrain-based Investcorp, a leading provider and manager of alternative investment products, today announced that it has agreed the sale of Spain-based Esmalglass to global private equity firm Lone Star Fund X for an enterprise value of €605 million ($692 million). Establish


Julphar registers its insulin in 17 countries

The UAE-based pharmaceutical manufacturer Gulf Pharmaceutical Industries (Julphar) recently announced the registration and marketing of Emirates manufactured insulin, in both raw and packaged forms, in 17 countries, said a report. The registration of the product in Mexico, Uzbeki


Demand for Opec oil to fall next year

Opec has forecast that world demand for its crude will decline next year as rivals pump more, pointing to a market surplus in 2018 despite an Opec-led output cut, a Reuters report said.


Major Expo 2020 Dubai substation 77pc complete

Dubai Electricity and Water Authority (Dewa) has announced that the construction progress of Sustainability, a 132/11 kilovolt (kV) main substation at Expo 2020 Dubai, with conversion capacity of 150 megavolt-amperes (MVA), is 77 per cent complete and is expected to be operational by October 31


GE Power completes digital transformation of Kuwait unit

GE Power, a division of GE, has completed, ahead of schedule, the digital transformation of Kuwait Ministry of Electricity and Water’s Sabiya Combined Cycle Gas Turbine (CCGT) Power Station. This will help to make the site’s operations more reliable, while contributin

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