Monday 19 November 2018

Dana Gas 9-month revenue up 6pc to $115m

Dana Gas, a leading natural gas company in the region, has posted a revenue of $351 million (Dh1,287 million) for the first nine months of the year from $330 million over the same period last year, marking an increase of 6 per cent.  Correspondingly, Q3 2018 revenue increase


Tabreed’s nine-month net profit surges 10pc

UAE-based National Central Cooling Company (Tabreed) has registered a net profit of Dh319.3 million ($87  million) for the first nine months of the year, up 10 per cent over the last year's figures of Dh290.4 million ($79 million). A leading regional district cooling uti


Octal highlights logistics industry challenges at Oman event

Octal, a leading PET sheet producer and leading integrated packaging company, participated and debated the challenges within the logistics industry at the recently concluded IRU World Congress 2018, which was held in Oman. IRU World Congress is a global event for road transport,


Johnson Controls to sell power business for $13.2bn

Johnson Controls International, a global diversified technology and multi industrial leader, said it would sell its power solutions business to investment firm Brookfield Business Partners in a cash transaction valued at $13.2 billion. "Today's announcement marks a signi


GlassPoint, Occidental set to develop 2GW Oman solar plant

US-based GlassPoint Solar, a leading supplier of solar energy to the oil and gas industry, said it has signed a deal with Occidental of Oman for the development of a 2 GW solar thermal energy plant at the Mukhaizna oilfield in the sultanate. As the lead developer of the proposed


Unique, Innovo complete key Mideast offshore project

Unique Group, one of the world’s leading integrated subsea and offshore solution providers, has joined forces with Innovo, an engineering, construction and equipment rental company, to successfully complete a multi-million dollar decommissioning contract for Italian global marine, oil and


Adnoc to advice Uzbekistan oil firm

The Abu Dhabi National Oil Company (Adnoc) today (November 13) signed a framework agreement with Uzbekneftegaz, a joint stock company of Uzbekistan's oil and gas industry, under which Adnoc will provide strategic advice in relation to upstream and downstream operations. The a


ExxonMobil ‘trains 50 Emiratis over past 10 years’

Fifty Emiratis have had development assignments at ExxonMobil’s offices around the world over the past 10 years, Christian G Lenoble, president and UAE lead country manager, was quoted as saying in a media report. ExxonMobil, headquartered in the US state of Texas, is consi


ABB wins $79m order for Abu Dhabi onshore project

ABB has been awarded an integrated automation, electrification and telecom order valued at $79 million, for the upgrade of the Bab Onshore Field in Abu Dhabi, by China Petroleum Engineering and Construction Corporation (CPECC).   Spanning 1,200 sq km, Bab is the largest onsh


Samsung Engg to use Ducab cables for Adnoc projects

Samsung Engineering, a leading engineering, procurement, construction and project management (EPC&PM) company, has signed a new agreement with UAE manufacturer Ducab for the purchase of the complete range of extra high voltage, high voltage, medium voltage and low voltage cables for major A

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