Monday 21 May 2018

Swedish group in Morocco clean-energy collaboration

Swedish solar technology firm Cleanergy has announced joint collaboration with Masen (Moroccan Agency for Sustainable Energy) to step up their joint quest for low cost solar energy storage. Storage of renewable energy for on-demand distribution of cost competitive and clean elect


Orpic wins award for SRIP project

Oman Oil Refineries and Petroleum Industries Company (Orpic), the sultanate’s refining and petrochemicals flagship, has received the ‘National Project of the Year’ award at the Meed Projects Awards 2018. Orpic received the award in recognition of the state-of-ar


Saudi Cement, GE in gas turbine upgradation deal

Saudi Cement, a regional pioneer in the manufacture and supply of clinker and cement, has signed an agreement with GE Power for the upgradation of three 6B gas turbines at its plant in Hofuf region of the kingdom. The deal represents the first time that GE Power’s Advanced


Maritime conference to highlight ‘sustainable trade growth’

The fourth annual The Maritime Standard Ship Finance and Trade Conference, to be held later this year in Abu Dhabi (UAE), will focus on the theme of ‘Converting greater optimism into sustainable trade growth’. The event will take place on November 6, at the Sheraton A


Oil prices to peak in mid-2019: BofAML

Brent crude oil prices are expected to trend gradually higher, hitting an average of $80 per barrel (/bbl) by mid-2019 before gradually trending lower to an average of $71/bbl by end-2019, said Bank of America Merrill Lynch (BofAML) in a new report. This amounts to approximately


Ensinger expands production, logistics facilities for growth

Ensinger, a leading international plastics processor company, has invested in extending its production and logistics facilities at its German site in Cham, which was put into operation 10 years ago. The new building plans are the second construction project in the branch factory.


Oil to hit $90 on new shipping laws, says Morgan Stanley

Forget Iran and Opec (Organization of Petroleum Exporting Countries) - there’s another issue that will keep oil prices supported for the next two years, reported Bloomberg, citing senior analysts of US investment bank Morgan Stanley.   Brent crude


Total to pull out of Iran without sanctions waiver

French oil major Total has said it will not be able to continue the South Pars 11 (SP11) project in Iran and will have to unwind all related operations before November 4 unless Total is granted a specific project waiver by the US authorities. This project waiver should be support


Dewa seeks consultants for water reservoir project

Dubai Electricity and Water Authority (Dewa) has invited tenders from leading consultancy services for the design and construction of a 30-million-gallon water reservoir in the Hatta region of the emirate. Dubai's government utility had early this year awarded a consultancy c


Damen to supply three tugs to Corpetrolsa Group

Damen Shipyards Group has signed a contract with Corpetrolsa Group of Guayaquil, Ecuador, for the supply of three tugs. The deal includes one Stan Tug 1205 and two Stan Tugs 1606. The tugs will be operated by Corpetrolsa subsidiary DLEN to support its bunkering operation, said a

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