Sunday 24 July 2016

Emerson launches new flame detectors line

Emerson has launched the Rosemount 975 flame detectors, a complete line of optical flame detectors designed to perform in the harshest environmental conditions and connect directly to alarm or automatic fire extinguishing systems. The new line incorporates a variety of flame dete


Oil price to reach $85 by 2019: Barclays

Barclays expects oil prices to reach $85 by 2019, a year sooner than previously forecast, the global banking and financial services company said in a new report. Few dispute that oil prices will eventually rebound, but the conditions and timing remain highly uncertain, noted the


Aramco signs deals for $13bn Fadhili gas project

State oil giant Saudi Aramco signed four major engineering contracts related to its Fadhili gas processing project, the company has announced. Saudi Aramco president and CEO Amin H Nasser today presided over a signing ceremony, marking a new milestone in the company’s drive to ex


GE takes digital strategy to China with Huawei tie-up

General Electric Co on Wednesday said it would partner with Huawei Technologies Co Ltd to develop smart machines designed to boost productivity, part of a drive to promote its "industrial internet" business in China. The US industrial giant announced the partnership as


Aramco still studying clean fuels project

Saudi Aramco's planned Jizan refinery will come online in 2018, while the firm is still studying plans for a clean fuels project, chief executive Amin Nasser said at a company event on Wednesday. The Jizan refinery, to be located in the southwest of the kingdom, is slated to


Saudi Electricity Company Q2 profit plunges 28pc

Saudi Electricity Company (SEC), the largest utility firm in the Gulf region, has reported a 27.7 per cent decline in the second-quarter net profit over the same period last year. The company, which the government is aiming to restructure to improve efficiency, made a net profit


Oil rises after US stockpiles fall

Oil futures rose in early Asian trading on Wednesday after an industry group released weekly figures showing US stockpiles fell more than expected last week. Brent crude LCOc1 was up 13 cents at $46.79 a barrel at 0017 GMT. On Tuesday, the contract settled down 30 cents, or 0.6 p


Adnoc inspection centres open on weekends

UAE-based Adnoc Distribution has announced that a number of its vehicle inspection centres in Abu Dhabi will operate from August 1 on Fridays and Saturdays in a bid to meet the requirements of its customers. Adnoc Distribution, a government-owned company, specialises in the marke


Honeywell names Rebecca Liebert to lead Honeywell UOP business

Honeywell has announced the appointment of Rebecca Liebert as president and CEO of Honeywell UOP, a leading supplier of process technology, catalysts, engineered systems, and technical and engineering services to the global petroleum refining, petrochemical, chemical and gas processing indust


Oil price decline hits regional training market: Survey

The plunge in the oil price and slowdown in regional economic activity seems to have had a mixed impact on the regional training market, according to the latest research by online recruitment firm GulfTalent.   Several training providers interviewed by GulfTalen

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