Monday 29 August 2016

Iraq plans to sell oil through Iran if talks with Kurds fail

Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters.   Iraq's S


Dewa says no fundraising plans for 2016 or 2017

Dubai Electricity & Water Authority (Dewa) has no plans to raise new funds in 2016 or 2017, Dewa managing director and chief executive Saeed Mohammed Al-Tayer told Reuters on Monday. Most of the utility's renewable projects are independent power projects, funded by develo


Gender equality in energy sector stressed

Workplace diversity is becoming more important than ever as the energy sector undergoes a rapid transformation, female leaders said ahead of the upcoming Adipec 2016 ‘Women in Energy’ conference in Abu Dhabi, UAE. Speaking on the occasion of Emirati Women’s Day


Iran gas pipeline ‘top priority for Pakistan’

The price of gas to be supplied by the Iran-Pakistan pipeline is very attractive and it should be the top priority, a top official was quoted as saying in an Iran Daily report. "This project has to be revived at the earliest because it is the most viable and feasibl


Oman’s ARA Petroleum to develop Block 44

Oman’s ARA Petroleum plans to carry out workover and drilling activities in Block 44, a natural gas and condensate development, a report said. ARA Petroleum confirmed in a note on its website that it had signed a Sales and Purchase Agreement (SPA) to acquire PTTEP Oman Comp


Emerson introduces GWR verification service

Emerson has introduced a guided wave radar (GWR) verification service to help users verify their Rosemount level instrument performance. Standards, regulations and calibration requirements for GWR instruments used to measure tank level must be adhered to by process plants, said a


Al Hassan Engineering wins $20m PDO contract

Oman-based Al Hassan Engineering Company (AHEC) has won a $20-million deal from Petroleum Development Oman (PDO) for the construction and commissioning support to the Saih Nihayda Condensate Stabilisation Plant (SNCP), said a report. The scope also includes some residual engineer


Iran, Russia sign $1bn deal to build 5 oil rigs

Iran's Tasdid Offshore Development Company (TODC) has signed a contract worth $1 billion with Russia’s Krasnye Barrikady and to build five offshore drilling rigs for oil and gas exploration in the Gulf, a report said. The deal aims to construct the drilling rigs over a


Oil prices fall on rising Iraq output

Oil prices fell early on Monday as output from Iraq rose and as Iran said it would only cooperate in upcoming producer talks to freeze output if fellow exporters recognized its right to fully regain market share. International Brent crude oil futures LCOc1 were trading at $49.54


Sadara starts up region's first mixed-feed cracker

Sadara Chemical Company, a leading petrochemical joint venture between national oil giant Saudi Aramco and Dow Chemical, today (August 28) started operating its mixed feed cracker (MFC) at the venture's petrochemical complex in Jubail. The MFC is the only one of its kind in S

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