Thursday 30 July 2015

Dubai's Enoc plans regional expansion

Dubai's Emirates National Oil Company (Enoc) plans to expand in the region after the UAE deregulated fuel prices, lifting financial pressure on the company, it said on Wednesday. The firm has struggled in recent years, losing hundreds of millions of dollars annually because i


Samsung wins $2.46bn Qatar power plant deal

Samsung C&T Corp, South Korea's No 1 builder, has won a 2.87 trillion won ($2.46 billion) contract to build a power plant in Qatar, a report said. The contract calls for the construction of a combined thermal power plant with a capacity of 2,520 MW, about 15 km from Qatar


Iraq-Turkey pipeline attacked by saboteurs, crude flow halted

Gas flow to Turkey from Iran is likely to resume on Sunday, an official from the state pipeline operator Botas said.   The pipeline was attacked in the eastern province of Agri, halting the flow. Iran is the second biggest natural gas supplier to Turkey. 


Kuwait says S Arabia must compensate for Khafji’s oilfield closure

Kuwait has said the continued closure of the Khafji oilfield it shares with Saudi Arabia will create huge losses Riyadh must compensate for in future, a local daily reported.   Al Rai newspaper based its report on a leaked letter written by Kuwaiti oil


Oil industry to discuss skilled workforce demand challenges

Despite the low oil price - on the rigs, construction sites and refineries the demand for a highly skilled technical workforce remains, alongside the rigorous training that ensures competency, safety and project efficiency. In the US, the downstream industry is thriving with a hu


Bapco’s refinery lab gets key Chevron honour

Bahrain Petroleum Company’s (Bapco) Technical Services Department (TSD) Refinery Laboratory has been awarded a Certificate of Merit by Chevron Global Lubricants as part of a worldwide crosscheck testing programme, it announced. The Chevron proficiency testing programme is a


Empower showcases district cooling solutions at Austria, US

Emirates Central Cooling Systems Corporation (Empower), a leading district cooling service provider, as showcased its standing as a key player in advocating the use of district cooling technology as an alternative to conventional cooling solutions at the recently concluded conferences.


Libya's NOC talks with tribal elders on closed oilfields

Libya's state oil firm NOC is in talks with tribal elders to try to reopen oilfields closed by protests but no breakthrough has been achieved yet, a spokesman for the National Oil Corporation said.   Major oilfields such as El Sharara and El Feel in western


Sonatrach raises August Saharan Blend crude OSP

Algeria's Sonatrach has set its Saharan Blend crude oil official selling prices (OSP) for loading in August at a premium of 45 cents per barrel to dated Brent, it said.   The July OSP was set at a discount of 20 cents per barrel to dated Brent. -- Re


Kuwait awards $11.5bn contracts to build Al Zour refinery

State-run Kuwait National Petroleum Company (KNPC) has awarded KD3.48 billion ($11.5 billion) worth of contracts to build its planned Al Zour refinery, Kuwaiti state news agency Kuna reported.   KNPC commissioned a consortium including Spain's Tecnicas Reuni

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