Tuesday 26 May 2015

GAC EnvironHull wins hull cleaning deal with Statoil

GAC EnvironHull has signed a contract with the international energy company Statoil to provide underwater hull cleaning services for its vessels operating in Scandinavia, the Middle East and the Far East. From the second quarter of the year, GAC EnvironHull, a part of global ship


Libyan power station shuts down for lack of fuel after tanker attack

A power station in a central Libyan city has shut down from lack of fuel, after war planes belonging to the country's official government bombed a tanker delivering supplies, officials of the state-owned power company said.   Air force commander Saqer Al-Jou


Return of crude/dollar trade fuels oil market dilemma ahead of Opec

A once-popular pair trade pitting the US dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.   Through the second half of 2014, oil sli


Egypt's Carbon Holdings eyes $4bn loan

Egypt's Carbon Holdings hopes to conclude a $4 billion debt financing with export credit agencies to back its $7.4 billion Tahrir Petrochemicals project by the end of this year, its chief executive said.   One of the biggest petrochemical projects ever in Eg


Iran to raise oil output capacity by 170,000 bpd from new fields by March 2016

Iran plans to raise its oil output capacity by 170,000 barrels per day by end of the current Iranian year, which ends on March 20, 2016, the official Irna news agency cited an Iranian oil official as saying.   Soltan Kamali, managing director of Arvandan Oil and


Alstom, NASL to retrofit steam turbines in Gujarat

Alstom, a global leader in the world of power generation and NASL, a joint venture between India’s NTPC and Alstom Power Systems, have won a contract worth approximately €26.6 million ($29.2 million) from the Gujarat State Electricity Corporation Limited (GSECL) to renovate and moder


Borealis, Agrifos in deal to develop ammonia project

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, and Agrifos Partners, a project development company, have reached a preliminary agreement to jointly develop a world-scale ammonia project through Gulf Coast Ammonia.


Solar energy now ‘commercially viable’ in UAE

The drop in the cost of UAE’s solar powered energy sources has reached parity with cost of fossil fuels, making it economical and commercially viable, according to the ‘REmap 2030’ report. The ‘REmap 2030’ report was published by the International Re


Libyan government warplanes attack oil tanker docked at Sirte

Warplanes from Libya's official government attacked an oil tanker docked outside the city of Sirte, wounding three people and setting the ship on fire, officials said.   It was the third confirmed strike by the internationally recognised government on oil ta


Iran says Opec unlikely to change output ceiling

The Organization of the Petroleum Exporting Countries (Opec) is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said, according to the semi-official Mehr news agency.   "Lowering Opec&#

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