Wednesday 25 May 2016

Bapco, Greenergy to set up gasoline blending hub

Bahrain Petroleum Company (Bapco), an operating company wholly owned by nogaholding, has formed a strategic joint venture with Greenergy, a large-scale blender of gasoline in the United Kingdom. The joint venture, Bahrain Gasoline Blending (BGB), will combine Bapco’s infras


Hempel rolls out new range of paints in Saudi Arabia

Hempel Paints, a major player in the decorative, protective, marine, container and yacht markets and a leader in the coatings industry, has launched a new addition to its Fusions Effects range of paints in Saudi Arabia.   The company held a series of workshops to introduce th


Glasspoint to complete Oman project in 2017

Glasspoint Solar, a leader in solar enhanced oil recovery (EOR), is on track to produce steam at the Petroleum Development Oman (PDO)’s Amal oilfield in southern Oman before the end of 2017, said a senior company official. The construction of the project is ahead of its sch


DME announces first Fujairah fuel oil trade

The first trade in Middle East fuel oil derivatives has taken place on the DME (Dubai Mercantile Exchange), the leading east of Suez energy exchange. DME recently listed Middle East 180cst and 380cst high-sulfur fuel oil (HSFO) for trading.  The fuel oil contracts settle aga


Aramco, Pertamina award refinery contract

Saudi Aramco and PT Pertamina (Persero) have awarded the engineering and project management services contract to conduct the basic engineering design (BED) study for their joint Cilacap Refinery upgrade project to Amec Foster Wheeler Energy Limited. The contract was signed by Sai


Iran won't freeze oil exports says official

Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted as saying, as the country tries to raise its crude exports to pre-sanctions levels. "Under the present circumstances, the government and the Oil Ministry


Egypt to increase natural gas output

Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current 3.9 billion cubic ft per day. Once an energy exporter, Egypt has turned into a net importer because o


Siemens aims to develop business activities in Iran

Siemens, a global technology leader, aims to develop its business activities in Iran, mainly in the fields of energy (oil and gas), transportation and health, according to a senior Siemens official. Iran has the potential to join the top league of global economic powers given its


Green energy spend on the rise worldwide

Investment volumes around the world in renewable energy are for the first time higher than fossil-based energy sources, said a report by the Bloomberg New Energy Finance (BNEF) research institute. The attractiveness of renewables as a long-term investment option is continuously g


AlMansoori makes 3 key appointments

AlMansoori, a leader in oilfield services in the Middle East, has enhanced its senior management team with the appointment of three key personnel to its operations.   Mousa Kiwan has been appointed as corporate supply chain manager for AlMansoori Specialized Eng

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