Friday 22 November 2019

Nebras Power buys stake in Oman renewable energy firm

Energy investments firm Nebras Power said it has completed the acquisition of a 9.9 per cent equity stake in Amin Renewable Energy Company (AREC) in Oman, which owns Project Amin.   The transaction is a continuation of Nebras's strategy to enhance its asset


PDO signs collaboration deals with key partners

Petroleum Development Oman (PDO) is forming new partnerships with key stakeholders to collaborate in the areas of intellectual property, capability building, human resources, media and communication.   The company has signed five agreements with partners to shar


Shaleem buys Weatherford - Oman

Oman's Shaleem Petroleum Company has signed an agreement to acquire Weatherford International - Oman.     This included the relocation of all business and equipment of the company and its staff of more than 300 Omani employees, said a Oman News Age


UAE aiming to shape future, says Dewa CEO

The UAE now aims to shape the future, and not just anticipate it, said Saeed Mohammed Al Tayer, the managing director and chief executive of Dubai Electricity and Water Authority (Dewa), in his keynote address at the first World Excellence Summit today (November 20). Al Tayer sai


Bill Gates says will back energy ventures despite failures

The world’s richest man Bill Gates said the energy ventures supported by him risked a 50 percent failure, still he wanted to encourage innovations, said a report. He was answering a question about the venture of Heliogen, a California-based company, which invented a technol


Prysmian Group completes delivery of 3 major HVDC projects

Prysmian Group, a global leader in the energy and telecom cable systems industry, has announced the successful completion and delivery of three major high voltage direct current (HVDC) projects in 10 days for a total value of over €1 billion ($1.10 billion), proving its solid project execu


KBR wins $23.7m base ops services contract in Bahrain

KBR announced today it has been awarded a $23.7-million contract modification by Naval Facilities Engineering Command, Europe, Africa and Southwest Asia (Navfac EURAFSWA) to provide base operations support services at Shaikh Isa Air Base in Bahrain.   This 12-mo


Bee'ah's green mobility venture starts UAE operations

UAE-based sustainable transport company ION, a joint venture between leading integrated environment and waste management company Bee’ah and Crescent Enterprises, has now set up operations in Abu Dhabi, Dubai and Sharjah. The first-ever green mobility solutions provider of i


UAE 'committed' to Opec deal to ensure market balance

The UAE will continue to deliver on the Opec and Non-Opec commitment for voluntary production adjustments until the global market is re-balanced, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry. Al Mazrouei affirmed the UAE is working in


Mideast switchgear market revenues up 2.7pc by 2025

Medium-voltage switchgear market revenue in the Middle East region is poised for solid growth over the next five years with a CAGR of 2.7 per cent, thanks to booming infrastructure, construction and manufacturing sectors, said a report by 6Wresearch. In the Middle East region, ga

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