Sunday 23 September 2018

Abu Dhabi NPCC wins top health, safety award

Abu Dhabi-based National Petroleum Construction Company (NPCC) has been handed a prestigious award in recognition of its practices and achievements in helping its staff/customers/clients/contractors get home safely at the end of the working day. NPCC has achieved a Gold Medal (fi


WFES rebrands to stress all forms of sustainability

The World Future Energy Summit (WFES) has made significant changes for its 2019 edition, combining all aspects of sustainability under one global brand.   The annual event, hosted by Masdar, and an integral part of Abu Dhabi Sustainability Week, will see its sum


Opec fund approves $270m aid

The board of governors of the Opec International Development Fund (OFID) has approved $270 million financing plan for projects supporting sustainable development in many developing countries worldwide.   OFID approved the new funding during the 54th session of t


Gastech 2018 draws 500 global giants, record visitors

Gastech 2018, the global exhibition and conference at the forefront of the international gas and LNG industries, which was this year co-located with GPEX, the global event enhancing energy transition, ended on a successful note drawing more than 30,000 visitors over four days - a record for t


Egypt selects Siemens to operate huge power plants

Egyptian Electricity Holding Company (EEHC) has selected Siemens to operate and maintain the world’s largest combined-cycle power plants in the country.   Under the milestone agreement, Siemens will provide comprehensive operation and maintenance services


Oman Oil Marketing unveils new strategy

Oman Oil Marketing Company (OOMC), building on its continuous success, is exploring new investments, joint ventures, and growing non-fuel revenue in order to be one of the top five fuel marketers in the GCC by 2025.    David Kalife, CEO of Oman Oil Marketin


MEA UPS market ‘set to grow at 4pc through 2024’

Growing investment in commercial sector with ambitious government visions will drive the Middle East and Africa (MEA) uninterruptible power supply (UPS) market revenues to grow at a CAGR of 4.1 per cent during 2018-24, a report said. The demand for uninterruptible power supply sy


Kuwait oil price hits $76.44 per barrel

The price of Kuwaiti oil went up by $1.18 to reach $76.44 per barrel on September 19, compared with $75.26/barrel on the previous day, said a report. According to the Kuwait News Agency (


Mubadala H1 group profit nears $3bn

Mubadala, the Abu Dhabi-based investment and development company, reported a group profit of Dh10.9 billion ($2.9 billion) for the first half of 2018, driven by strong public equities performance and operating companies in the petroleum and petrochemicals platform. Total comprehe


KIPIC, Honeywell ink strategic training deal

Kuwait Integrated Petroleum Industries Company (KIPIC) and Honeywell, the global software-industrial leader, have signed a Memorandum of Understanding (MOU) to share expertise and promote world-class training and technology adoption at the Al Zour refining and petrochemicals complex in southern

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