Sunday 26 February 2017

Dewa tops global average in sustainability index

The Dubai Electricity and Water Authority (Dewa) has achieved outstanding results through the Sustainability Culture Indicator achieving 88.7 per cent in 2016, an increase of 3.7 per cent over the previous year and exceeding the global average.  The Sustainability Culture In


Oman SMEs win Shell solar PV project deal

Shell Development Oman has awarded contracts to two Omani small and medium enterprises (SMEs) for  installation of solar photovoltaic (PV) panels in schools in the pilot phase of its ‘Solar into Schools’ project. The pilot school sites are located in Al Buraimi,


Adnoc awards CNPC 8pc stake in onshore concession

The Abu Dhabi National Oil Company (Adnoc) today signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8 percent interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of Dh6.5 billion ($1.77 billion) to enter the


L&T to induct fresh local talent for projects in Saudi Arabia

Indian engineering and construction firm Larsen & Toubro (L&T) has announced its plans to induct fresh local talent as part of its Graduate Engineer Training (GET) programme for various operational and management functions for its projects in Saudi Arabia. The initiative


Empower’s 2016 net profits top $174m

Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, has posted a net profit of Dh641 million ($174.5million) for 2016. Total revenues for the year reached Dh1.84 billion, which indicates an 11 per cent increase for


Cortec rolls out corrosion inhibiting additive

Cortec, a leader in corrosion control technologies, has introduced a new corrosion inhibiting additive which is compatible with diesel fuel tanks and systems. Corrosion is a common problem on carbon steel components shipped overseas or stored for months in humid climates. Metals


Opec to meet one-third of rise in global oil demand

With non-Opec poised to grow again, Opec will need to increase oil output by just 2.2 million barrels per day (b/d) to meet global incremental oil demand of about 5.5 million b/d over the 2017-22 period, added the latest Global Energy Weekly from Bank of America Merrill Lynch (BofAML).


Mott MacDonald acquires UAE consultancy firm

Mott MacDonald, a multidisciplinary consultancy, said it has acquired Wideurope Engineering, a major engineering and design company based in Fujairah, the UAE. Established in 2002, Wideurope Engineering employs over 50 people across its offices in Dubai and Fujairah in the UAE an


Al Kamil, OPWP extend power purchase deal

Al Kamil Power Company has signed an agreement for extending the power purchase agreement with Oman Power and Water Procurement Company (OPWP) under revised terms and conditions, media sources said. The agreement is now extended up to December 31, 2021, Times of Oman rep


Egypt’s Echem mulls four projects worth $5bn

The Egyptian Petrochemicals Holding Company (Echem) is considering setting up four projects to produce derivatives of propylene, ammonium, formaldehyde, and medium density fiberboard (MDF) at a cost of $5 billion, a report said. Echem will join hands with consulting firm Technip

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