Wednesday 18 October 2017

M&A deals in oil and gas set to increase: study

Converging oil price expectations of investors and companies in the oil and gas sector creates a strong platform for M&A deals to flourish, according to a report from global management consulting firm A T Kearney. The report title”2017 Oil and Gas M&A” reveals


Tender delayed for Iran's Azadegan oilfield

A tender for developing Iran's Azadegan oilfield has been delayed, a senior oil official was quoted as saying in a media report. "The companies are still assessing the technical surveys. The tender will not take place in 2017," managing director of the National Iran


India’s ONGC offers $11bn to develop Iran gas field

India’s ONGC Videsh Ltd (OVL), the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has offered up to $11 billion to develop the Farzad B gas field in Iran, a report said.   The offer involved an integrated package comprising both producing gas at the field


Mepec helps shatter glass ceiling in process engineering

The Middle East Process Engineering Conference (Mepec), currently under way in Bahrain, is taking the lead to promote women in the region’s energy engineering sectors, through a key initiative.   The Leadership Excellence for Women Awards (Lewas) is an initiative to enc


Danish firms eye Iran green energy projects

Danish companies are ready to invest $1 billion in developing renewable energy projects in Iran, the president of the Iran Wind Energy Association (IRWEA) was quoted as saying in a media report. Siemens and Vestas are willing contribute to implementing wind energy projects in Ira


Aramco showcases commitment to energy sustainability

Saudi Aramco, a world leading integrated energy and chemicals company, is showcasing its commitment to energy sustainability at inaugural Saudi Electricity Forum and its accompanying exhibition in Riyadh. The events, organised by the Ministry of Energy, Industry and Mineral Resou


Siemens inks Egypt occupational training deal

Siemens, a global technology powerhouse, along with Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) has signed a strategic alliance with the Egyptian government to support occupational training in the country with a total investment of over €22 million.


UAE energy ministry supports Big 5 Solar

The UAE Ministry of Energy has become the official patron of The Big 5 Solar, a major event scheduled to be held in Dubai for the solar sector, as part of its persistent effort to support the country's 2050 Energy Strategy.    Taking place from November


Hitech solutions 'needed to tackle industry challenges'

More engineering solutions will be needed to tackle the challenges in the field of process engineering triggered by the population boom and increasing demand for energy, which requires further work to enhance the relation between process engineering and technology, remarked Shaikh Mohamed bin K


Adnoc's Central Control Centre on Das Island opened

Abu Dhabi National Oil Company's (Adnoc) Central Control Centre on Das Island was inaugurated today by Sheikh Hamdan bin Zayed Al Nahyan, the Ruler's Representative in Al Dhafra Region. The inauguration of the centre was undertaken during a visit of Sheikh Hamdan to Adnoc

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