Tuesday 21 August 2018

Saudi Aramco reinforces key role in global energy supply

State oil giant Saudi Aramco has reinforced its role as the number one producer of crude oil and condensate, adding value by integrating refining and chemicals production, and expanding cleaner natural gas supply to meet domestic demand.   The company will maint


Global shipping giant Maersk to exit energy sector

Denmark-based AP Moller-Maersk, the owner of the world’s biggest shipping operations, has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry, said a report.   With this move, Maersk is work


Saudi Aramco JV renews Jacobs' engineering contract

Jacobs Engineering Group said it has received a two-year contract renewal from Saudi Aramco Total Refining and Petrochemical Company (Satorp) for its subsidiary in the kingdom - Jacobs Zamel and Turbag Consulting Engineers (Jacobs Zate) - to provide general engineering services at Satorp's


SEC links 7 new transformers to main power grid

The Saudi Electricity Company (SEC) has started up seven power transformer stations in the northern area with a total value of SR2.1 billion ($560 million) and capacity of 3613 MVA to connect the north with the main power grid. The move aims to support the industrialisation and m


Eni wins lease extension for key assets in Nile Delta

Italian oil major Eni said that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a 10-year extension of the Abu Madi West Development Lease (203 sq km), where the Nooros field is located, and the execution of further exploration activities within El Qar’


Eni wins new exploration licence offshore Egypt

Italian oil major Eni said that a new concession agreement, aimed at governing an offshore exploration licence in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities. The exploration licence, named “Nour”, is loca


Damen Shipyards Galati holds anniversary celebration

Romania’s Damen Shipyards Galati, the largest of Damen Shipyards Group's 32 shipyards, repair yards and related companies worldwide, yesterday (August 15) held a party for the annual celebration of Ziua Navalistului – Shipbuilder’s Day. This year’s cel


Oman's OFCC opens chemical plant after expansion

Oman Formaldehyde Chemical Company (OFCC), the only producer of formaldehyde (AF) and urea formaldehyde (UFC) in the sultanate, recently held the inauguration ceremony of its new capacity expansion plant facility in the Sohar Industrial Port area, said a report. The expansion is


Norwegian oil giant DNO ramps up Kurdish activity

Leading Norwegian oil and gas operator DNO continues to ramped up its activity in the Kurdistan region of Iraq, where fast track development of the Peshkabir field is expected to boost output by another 15,000 barrels of oil per day (bpd) to 50,000 bpd by year-end, said a top official.


TaipeiPLAS showcases latest industry innovations

The 16th Taipei Plastic and Rubber Industry Show (TaipeiPLAS) opened in Taiwan capital Taipei today (August 15) with more than 530 companies showcasing their latest innovations in machinery for the plastics industry. The five-day expo, running till August 19 at the Taipei Nangang

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