Saturday 28 May 2016

Honeywell, Empire Aviation Group ink connectivity deal

Honeywell, a diversified technology and manufacturing leader, has signed an agreement with Dubai-based Empire Aviation Group to provide its full suite of GoDirect connectivity services and products for the cabin and cockpit. The technologies, developed by Honeywell’s recent


Saudi Aramco to boost Shaybah field output

Saudi Aramco plans to increase oil output from its Shaybah field over the next two weeks to one million barrels per day, Saudi media reported on Thursday, quoting the company CEO. Amin Nasser also told Saudi journalists that he expected oil prices to increase gradually as the gap


Technip wins Saudi Kayan contract

Technip, a world leader in engineering for the energy industry, was awarded a contract by Taiwan’s CTCI to provide basic engineering and proprietary equipment for a grassroots ethylene cracking furnace at the Saudi Kayan Petrochemical Complex in Jubail, Saudi Arabia. CTCI C


Sonatrach opens bids on $1bn new project

Algeria's state energy company Sonatrach has launched a pre-qualification bidding round to choose firms that will build six compressor stations at an estimated total cost of $1 billion, according to a Sonatrach document. The programme is part of a multi-billion dollar expansi


Oil prices top $50, Asian shares struggle

Brent crude oil rose above $50 a barrel for the first time in nearly seven months on Thursday but Asian shares struggled to gain traction, with worries about US interest rates and China's slowing economy keeping many investors on the sidelines. While energy stocks outperforme


BP, Shell among bidders to run Qatar oil field

Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters. The other bidders are the field's current operator Maersk , as well as Total SA, Chevron Corp a


Renewable energy employs 8.1m globally

More than 8.1 million people worldwide are now employed by the renewable energy industry, a five per cent increase from last year, according to a report released by the International Renewable Energy Agency (Irena) at its 11th council meeting. Irena is an intergovernmental organi


Qatar's Texas LNG venture to begin exports by 2021

Top liquefied natural gas (LNG) exporter Qatar expects exports from its Golden Pass joint venture in Texas to begin in 2021, an advisor to the government said. State-run Qatar Petroleum (QP) owns a 70 percent stake in an LNG receiving terminal in Texas that is backed by Exxon Mob


Opec focusing on market share, not oil price support

The Organisation of the Petroleum Exporting Countries (Opec) is focusing on market share rather than on supporting oil prices, Iraq's Opec governor said on Tuesday in comments that will dampen expectations that Opec might agree steps to support prices at a meeting next week.


Shell CEO warns renewables shift could spell end if too swift

Royal Dutch Shell cannot switch too quickly to producing renewable energy without risking its dividend payments and even its very existence, the oil and gas group's chief executive warned.   Major investors, including Dutch pension fund PGGM, have criticised

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