Monday 8 February 2016

Siemens, EFC deal to deliver solutions to oil industry

Siemens UK & Ireland has formed a strategic partnership with oil and gas control system specialist, EFC Group, in a collaboration which promises to deliver innovative, cost-saving solutions for the industry.   The partnership developed after EFC Group select


Jawad unit launches MAK Lubricants in Bahrain

Bahrain Commercial Services Company, a division of the Jawad Business Group, has become the authorised distributor for MAK Lubricants, which are now available in Bahrain. The brand is owned by Bharat Petroleum Corporation (BPCL), India’s second largest oil and gas marketing company with


Inquiry into Bapco fire underway

An investigation is underway into a fire at Bahrain Petroleum Company (Bapco). It broke out at its Visbreaker Unit (VBU) on Tuesday night, but no injuries were reported, said the Gulf Daily News (GDN), our sister publication.   To read further, please v


Oil rises above $35 on potential producer meeting

Oil extended a rally above $35 a barrel on Thursday, adding to the previous session's 7 per cent jump, as support from a weaker dollar offset concern about ample supply and record-high U.S. inventories. Crude rebounded from an earlier decline after an Iranian official was quo


Dubai energy summit tackles regional issues

The energy industry’s most influential thinkers tackled the biggest issues facing the region at the recently concluded inaugural Emirates Energy Efficiency Summit (EEES 2016) in Dubai, UAE. Hosted by founding partners GE and The Prince Albert II of Monaco Foundation, the in


Qurain Petrochemical Industries posts $37m net profit

Qurain Petrochemical Industries Company (QPIC) has registered a net profit of KD11.25 million ($37.2 million) for the nine months ended December 31.   This will represent an increase of 314 per cent or KD9.24 million over the KD2.10 million net income posted on


Qatar cuts January crude OSP to lowest in at least 12 years

Qatar has cut its January retroactive official selling price (OSP) for crude sales to Asia to the lowest in at least twelve years, in line with a fall in global prices.   The producer set the January OSP for Marine crude at $25.20 a barrel, down $7.35 a barrel f


Dolphin Energy achieves major production milestone

Abu Dhabi-based Dolphin Energy has reached a major production milestone of six trillion standard cu ft (scf), since it began operations in 2007, according to a report.   The Dolphin Gas Project is meeting 30 per cent of the UAE's energy requirements and deli


Asry signs services accord with UK firm

Bahrain-based Asry, a leading ship and rig repair yard, has signed a specialised services agreement with Lightfoot Defence, a UK-based refrigeration and heating, ventilation, and air conditioning (HVAC) contractor, to become one of the yard’s onsite specialist contractors. Lightfoot wil


Oil slump impact in focus at IISS debate

Diversifying regional economies in the wake of slumping oil prices dominated a debate held at the International Institute for Strategic Studies (IISS) yesterday (February 3). National Oil and Gas Authority (Noga) chief executive Shaikh Mohammed bin Khalifa Al Khalifa, who was one of three mem

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