Wednesday 7 December 2016

Iran plans new-style tenders for oil projects

Iran plans to introduce its first new-style tender in January to develop oil and gas fields since the lifting of sanctions, managing director of the National Iranian Oil Company (NIOC) was quoted as saying in a report. Ali Kardor added the deadline for submission of pre-qualifica


Iran enlists Thai firm to study Changuleh oilfield

National Iranian Oil Company (NIOC) has signed an initial agreement with Thailand's PTT Exploration and Production Public Company Limited (PTTEP) to study Changuleh oilfield, a report said. PTTEP would have six months to study Changuleh as well as Balal and Dalamperi oilfield


GE renovates Posco-Thainox’s skin-pass mill

GE Energy Connections’ Power Conversion recently renovated the skin-pass mills of Posco-Thainox in Rayong, Thailand. This upgrade was completed within an impressive 10 days; GE engineers ensured that the mill reached nominal production well within schedule. &


Honeywell inks deal with International Wings Group

Global technology leader Honeywell has signed an agreement with Arab Wings and Gulf Wings, both part of the International Wings Group, to provide its full suite of GoDirect Cabin and Cockpit Connectivity Services to more than 20 aircraft. These technologies will enhance crew and


$80bn construction boom to drive Saudi HVACR market

Saudi Arabia’s HVACR (heating, ventilation, air-conditioning and refrigeration) market is poised for solid growth over the next five years mainly driven by $80 billion Saudi construction boom, said a report. Saudi Arabia features amongst the leading markets for air conditioners a


Morocco, Nigeria to build giant gas pipeline

In a major initiative to strengthen the West African economy, the governments of Morocco and Nigeria have announced plans to jointly develop a new regional gas pipeline that will not only stretch out all the way towards Europe, but will also connect many African countries. The Tr


Hill wins Adnoc’s three-year FM services deal

US-based Hill International, a global leader in managing construction risk, has received a three-year contract from Abu Dhabi National Oil Company (Adnoc) to provide facilities management for its General Services Unit (GSU). The contract has an estimated value to Hill of approxim


Diesel generators market to top $16.9bn by 2020

The diesel generators market is expected to grow from an estimated $13.06 billion in 2015 to $16.96 billion by 2020, at a compound annual growth rate (CAGR) of 5.4 per cent, according to a report. The rapidly growing demand for continuous and reliable power across industries and


Cognizant opens new office in Saudi Arabia

US-based Cognizant, a leading global provider of information technology, consulting and business process services, has expanded its operations in the Middle East region with the opening of a new office in Riyadh, Saudi Arabia. The move will help its clients to leverage the techni


Sadara Chemical Company leading the drive to a more robust regional downstream industry

Sadara Chemical Company (Sadara) participated in the 11th Annual GPCA Forum that took place from November 27 to 29 in Dubai, UAE.   Going with the theme of this year’s event “Competitiveness: Riding New Waves,” the company underscored its visio

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