Sunday 24 March 2019

Adnoc inks key partnership deal with OMV, Borealis

Abu Dhabi National Oil Company (Adnoc) has signed MoUs with two leading Austrian groups - energy giant OMV and leading provider of innovative plastics solutions Borealis - to explore new opportunities for collaboration in the downstream sector.    These agr


Galfar wins $1.9m Oman pipeline work from Punj Lloyd

Oman-based Galfar Engineering and Contracting said it has won a contract worth RO753,000 ($1.95 million) for a pipeline project from India-based Punj Lloyd. Punj Lloyd is an engineering, procurement, and construction contracting specialist listed on National Stock Exchange of Ind


Taqa profits jump 149pc to $108m

Abu Dhabi National Energy (Taqa) has reported profit attributable to equity holders of the parent of Dh398 million ($108.35 million) for 2018, an increase of 149 percent year-on-year.    Revenues also grew by 6 percent in 2018 to Dh17.7 billion and EBITDA g


Wood awarded major pipeline construction contract

Wood has been awarded a $34 million contract from RH energytrans to construct 28 miles of new pipeline designed to carry natural gas from Pennsylvania to Ohio.   Awarded through a competitive tender process, Wood’s scope also includes the construction of t


Aramco keen to develop unconventional gas resources in Al Hasa

Saudi Aramco is keen to develop the wealth of unconventional gas resources in Al Hasa, apart from establishing the King Salman Energy Park (Spark) between Al-Hasa and Dammam, as part of its effort to create more opportunities in the region.   Through its partici


Golden Gate wins key licences from RERA

Golden Gate (GG Developers SPC), a growing real estate development company in Bahrain, has acquired the necessary licences for its operations following its compliance with the standards set by the kingdom’s Real Estate Regulatory Authority (RERA).   


Nuke power steam generator market ‘set to top $1bn’

The global market for nuclear power steam generators is projected to grow marginally to reach $1.02 billion in 2026, growing at a compound annual growth rate (CAGR) of 0.5 per cent between 2019 and 2026, according to GlobalData, a leading data and analytics company. The market fo


DRC sets up new solar plant at Dubai Investment Park

Dubai Refreshments Company (DRC), the sole franchisee and distributor of PepsiCo products in Dubai and Northern Emirates, has announced the launch of a new solar power plant at its manufacturing facility in Dubai Investment Park – 2. The new facility, which will come up ove


Oil, gas majors signal growth after 2018 results: S&P

The oil and gas majors' solid preliminary 2018 financial results signal that their broadly improving trend continues, said S&P Global Ratings in a new report. Key takeaways •    Lower breakeven prices following sustained


Shell Chemical project wins award for continuous surveying

Shell Chemical Appalachia and Eye-bot Aerial Solutions were recognised by Bentley Systems with the Special Recognition Award for Continuous Surveying in Construction at Bentley’s Year in Infrastructure Conference, held in London this week.   Shell Chemical

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