Tuesday 17 September 2019

Saudi Arabia seeks tougher international action

Saudi Arabia has called on the international community to take tougher measures to stop  attacks that threaten the region, the security of oil supplies and the global economy; and to hold accountable those behind the perpetrators of these barbaric acts.   I


Saudi appoints new head of renewable energy office

Saudi Arabia’s Ministry of Energy has appointed Faisal Abdullah Al-Yemni as its head of Renewable Energy Project Development Office (Repdo). Al-Yemni will be responsible for driving the delivery of Saudi Arabia's ambitious National Renewable Energy Program, with the aim


SNC-Lavalin wins Abu Dhabi oil and gas contract

SNC-Lavalin, a leading project management and infrastructure company, has announced that it has been awarded a general engineering, project management and technical support services contract from Al Yasat Petroleum, a joint venture between Abu Dhabi National Oil Company and China National Petro


Majis to set up new solar PV plant at Omani port

Oman-based Majis Industrial Services has signed an agreement with Unicorn International to set up a photovoltaic (PV) solar power plant for its facilities at Sohar Port at an investment value of RO500,000 ($1.3 million). A leading water solutions provider, Majis Industrial Servic


Saudi attack 'highlights role of geopolitical risk on oil prices'

The attack on Saudi Arabian’s major oil facilities highlights the role of geopolitical risk on oil prices, which will likely reflect a risk premium even after Saudi production resumes, said a top official of ratings agency Moodys. “Higher oil prices will help producer


UAE gross output of water, electricity hits $15bn in 2018

The gross output of the water, wastewater and electricity sector in the UAE grew 2.7 per cent in 2018 to Dh55.8 billion ($15 billion) when compared to Dh54.3 billion the year before, according to figures released by the Federal Competitiveness And Statistics Authority. This is ma


Saudi oil outage ‘may test US as swing producer’

The September 14 attacks on oil infrastructure in Saudi Arabia may test US capabilities as a swing producer, said GlobalData, a leading data and analytics company. “If the Saudi supply outage is sustained, we may well see a test of how well the US industry can dynamically a


US blames Iran for Saudi attack, Trump says 'locked and loaded'

US President Donald Trump said on Sunday that the United States was "locked and loaded" for a potential response to the attack on Saudi Arabia's oil facilities, after a senior official in his administration said Iran was to blame. Trump also authorised the use of th


GE, Mass Energy Group ink Iraq power project deal

Leading infrastructure group Mass Energy Group Holding (MGH) and GE Power have been signed up by the Iraqi government for  Phase Three of the country's major Besmaya Power Plant. Besmaya Phase Three is the largest new power plant by output to be added to Iraq’s nat


Saudi oil fire safety summit set to open today

The Saudi International Oil Fire Safety Conference (OFSAC 2019) featuring training courses and workshops in various related fields is set to open today (September 16) at the Ritz-Carlton in Riyadh, Saudi Arabia. The three-day conference, being held under the patronage of Prince A

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