Thursday 26 November 2015

Pertamina, Aramco to move closer to JV with $5bn refinery upgrade plans

Pertamina and Saudi Aramco are expected this week to take a major step in forming a joint venture that will include a $5 billion upgrade to Indonesia's largest refinery complex, a director at the Southeast Asian firm said.   The move will be a victory for In


Mashreq Petroleum in talks to end liquid bulk station contract

Mashreq Petroleum, a subsidiary of Qalaa Holdings, is in negotiations with the General Authority of the Suez Canal Economic Zone to terminate a contract to build, operate and transfer a liquid bulk station at East Port Said, Qalaa said in a bourse statement. Mashreq Petroleum, es


Jebel Ali Port receives world’s largest container vessel

Dubai-based DP World’s flagship Jebel Ali Port has received the world’s largest container vessel, the Magleby Maersk, which is on its maiden visit to the region. The management and operations team at Jebel Ali rolled out a well-drilled operation to welcome, berth and


National Gas, Petroserv to launch JV for Lusail

Oman's National Gas has signed a joint venture agreement with Qatar-based Petroserv Limited to design and supply a synthetic natural gas (SNG) system and allied equipment for the Lusail City gas farm project in Doha, a report said. The contract value is RO832,859 ($2.1 millio


Dewa hosts 30 initiatives during Innovation Week

Dubai Electricity and Water Authority (Dewa) has launched 30 initiative and activities as part of Dewa’s Innovation Week collaborating with a number of entities as well as global experts in energy, sustainability and water innovation. The move comes as part of UAE Innovatio


Sewage plant plan hits fresh hurdle in Bahrain

The plug has been pulled on a new electricity plant needed to power an expansion of Bahrain’s main sewage treatment facility, which is overloaded and in need of an urgent upgrade. Plans for a BD5 million ($13.1 million) power station at the Tubli Waste Pollution Control Centre were give


Algeria sees sharp drop in energy earnings

Algeria's energy earnings are forecast to fall to $26.4 billion next year while foreign exchange reserves will dip to $121 billion after low oil prices cut into the Opec nation's economy, Finance Minister Abderrahmane Benkhalfa said on Sunday. The North African state, a m


KNPC to shut down Shuaiba refinery in 2017

Kuwait National Petroleum Company will shut its Shuaiba refinery permanently by April 2017, before its clean fuels project starts operating by mid-2018, its spokesman said at a news conference on Sunday. The clean fuels project is an upgrade and expansion of the country's two


Dana Gas wins UK court ruling for $100m Kurd payment

UAE energy firm Dana Gas, one of the largest investors in Iraq's Kurdistan region, on Sunday said the British High Court had ordered the Kurdish regional government to pay Dana's consortium $100 million within 14 days. The decision reinforces a December 2014 ruling by a L


Emerson introduces first wireless pressure gauge

Emerson Process Management, a leader in helping businesses automate their production, distribution and processing facilities in key industries, has introduced the industry’s first WirelessHart pressure gauge. The Rosemount Wireless Pressure Gauge enables remote collection o

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