Monday 8 February 2016

Bapco trains 200 in defensive driving techniques

Bahrain Petroleum Company (Bapco) recently trained 200 people in defensive driving techniques, through an e-Learning programme from MiX Telematics, a leading global provider of fleet and mobile asset management solutions. The final 20 trained in December were from Bapco’s E


OCB Oilfield Services acquires Kuiper International

Gulf Capital, a leading alternative investment firm in the Middle East, said its portfolio company OCB Oilfield Services has acquired 100 per cent of Kuiper International, a dominant player in the offshore construction and maintenance services sector, with a particular stronghold in the Asia


Petrofac awards gas leak detection job to Bertin

Petrofac, a leading service provider to the oil & gas industry, awarded a contract to Bertin Technologies to supply, install and commission a pioneering gas leak tracking system at the Saudi Aramco-owned Jazan refinery. The Second Sight solution has been selected by Saudi Ara


Iran society to draw up green energy guidelines

The Iranian Solar Energy Society on Renewable Energy aims to compile a roadmap for developing the Islamic Republic’s renewable energy sector, a top official said. "We seek to identify all those who are involved in this sector in Iran and assign them a constructive, pos


Oil slump sparks second wave of budget cuts

Less than two months into the year, the top US shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly wedged in the low $30-per-barrel range, oil producers are deferr


Oil slips after Saudi, Venezuela meeting yields little

Crude oil futures were mixed in early Asian trade on Monday after a meeting between Opec producers Saudi Arabia and Venezuela to discuss coordination on prices ended with few signs there would be steps taken to boost prices. Brent crude futures, LCOc1 the global benchmark was dow


Saudi power projects will need $133bn over 10 years

Saudi Arabia will need investment of SR500 billion ($133.3 billion) in electricity projects over the next ten years to cope with rising power demand, its electricity and water minister said. Minister Abdullah Al-Hussayen told an industry conference the country expects peak electr


Saudi, Venezuela discuss oil cooperation

Saudi Arabia's oil minister Ali Al-Naimi discussed cooperation between Opec members and other oil producers to stabilise the global oil market with his Venezuelan counterpart, state news agency SPA reported. Venezula's Oil Minister Eulogio Del Pino is on a tour of oil pro


Italy to boost Egypt energy projects

Italy will upgrade the Middle East Oil Refinery (Midor) in Egypt and support building a complex for petrochemical industries in Ain Sokhna, a report said. It will update a number of combined-cycle power plants, added the Daily News Egypt report. Qabil expe


Iran to build $2bn oil refinery in Spain

Iran will build a $2 billion oil refinery with planned capacity to produce 120,000 barrels per day of oil in Spain, a report said. National Iranian Oil Refining and Distribution Company (NIORDC) plans to team up with Spain’s Magtel for the construction of refinery in the so

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