Tuesday 26 March 2019

Oil hits 4-month high after second straight weekly gain

Oil gained for a second straight week as Opec assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend, said a report.   Futures advanced 4.4 per cent this week in New York and settled Friday just pen


Saudi's Acwa Power plans $3bn investment in Egypt

Saudi-based Acwa Power, a major developer of power and water desalination projects, is set to invest around $3 billion in Egypt’s electricity projects during this year.   The utility developer has collaborated with Hassan Allam Holding Company to establish


Petrofac awarded $1 billion EPC project in Algeria

Petrofac has been awarded a contract worth around $1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria. Located around 1,100 kilometres south-east of Algiers, the Ain Tsila field w


Halliburton to develop Egypt’s young talent

US-based Halliburton has signed an agreement with the Egyptian Ministry of Petroleum & Mineral Resources (MoP) to support a specialized development program for Egypt’s middle management and young professional employees. The memorandum of understanding (MOU), which align


Delta unveils smart green products at Dubai expo

Delta, a global provider of power and thermal management solutions, showcased its wide range of smart green products and solutions for the creation of energy-efficient cities at the recent Middle East Electricity 2019 (MEE 2019) expo in Dubai. A leading event for the power indust


Dewa wins top award for AI-based customer service

Dubai Electricity and Water Authority (Dewa) has won the Big Innovation Award from the US-based Business Intelligence Group for its virtual service that answers customer queries using artificial antelligence (AI). Rammas is available 24/7 in Arabic and English on Dewa's websi


Empower Dubai pipeline network crosses 277-km mark

Emirates Central Cooling Systems Corporation (Empower) said its district cooling transmission pipeline network had crossed the 277-km mark at the end of 2018. The Dubai-based district cooling services provider said this expansion comes as part of its strategy to cater to the incr


HCT secures Dubai South solar rooftop EPC deal

South Energy, the energy solution arm of Dubai South (the rebranded Dubai World Central), has signed up HCT Technical Services (HCT) to provide the engineering, procurement and construction (EPC) services for a 2MWp photovoltaic system to cater to five of its facilities. HCT, the

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