Friday 20 January 2017

GE wins $1.4bn power plant contracts in Iraq

General Electric (GE) has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The announcement further strengthens GE’s collaborations in Iraq to support t


IFC to oversee Masdar solar project funding in Jordan

Abu Dhabi’s renewable energy company Masdar has selected International Finance Corporation (IFC), a member of the World Bank Group, to oversee the funding of the largest solar power plant in Jordan. The announcement follows the signing of a power purchase agreement (PPA) in


McDermott wins Saudi Aramco EPCI contract

McDermott International said it was secured a major contract from Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) services to four jackets and three gas observation platforms offshore Saudi Arabia. Work on the contract is expected to be exec


Masdar to build waste-to-energy plant in Sharjah

Abu Dhabi’s renewable energy company Masdar said it plans to build a cutting-edge waste-to-energy plant in Sharjah, UAE, in partnership with Bee’ah, a leading environmental management company in the Middle East. Announcing this today at Abu Dhabi Sustainability Week 2


Digital solutions ‘can save $81bn in fuel costs per year’

Emerging digital solutions applied across industry can potentially save US$81 billion in fuel costs annually and close the gap to reaching the COP21 goals by 30 per cent or 823 MT of carbon emissions per year, the equivalent of taking 174 million cars off the road, a report said.


Low oil slows Kuwait’s non-oil expansion: IMF

Economic activity in Kuwait’s non-oil sector continued to expand in 2016, albeit at a slower pace, reflecting the impact of lower oil prices, said an IMF report. Non-hydrocarbon growth slowed from 5 per cent to an estimated 3.5 per cent in 2015, as higher uncertainty weighe


Honeywell launches gas detecting portable monitor

Honeywell, a technology and manufacturing leader, has announced the launch of the BW Clip4, a new four-gas, portable monitor with a two-year runtime, in the Middle Eastern market. The “fit and forget” portable monitor once turned on can operate continuously for two ye


Tabreed acquires key district cooling plant in UAE

UAE-based National Central Cooling Company (Tabreed) said it has acquired a district cooling plant from International Capital Trading (ICT) resulting in the addition of more than 11,500 refrigeration tons (RT) of cooling to its existing connected capacity. With this acquisition,


Iran plans global tenders for LNG projects

Iran plans to hold a major international tender for LNG projects in the near future, the managing director of National Iranian Oil Company (NIOC) was quoted as saying in an Iran Daily report. The NIOC has been in talks with a number of major firms to attract more foreign


Global oil giants 'cutting down Mena investments'

International oil companies (IOCs) have long played a dominant role in the development of the region’s oil sector – and have always seen the Middle East’s vast reserves as the prized asset, said a industry expert in its report. Competition amongst them has alway

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