Saturday 1 August 2015

Technip in $2.9bn deal to upgrade Egypt refineries

Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements valued at a total of $2.9 billion with Egypt-based companies for upgrades of two refineries in the North African country. The contract with Egyptian General Petroleum C


Sipchem Q2 net profit down 55pc

Saudi International Petrochemical Company (Sipchem) reported a 55 per cent drop in second-quarter profit on Monday, missing analyst forecasts as its earnings were hit by plant closures and falling product sales prices. Sipchem made a profit of SR110.1 million ($29.4 million) in t


BG Egypt appoints oil veteran as new president

BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as its president, the company said in a statement on Sunday. The firm said Kacem had spent 23 years in the upstream and downstream oil and gas sector and was previo


Exova opens new Malaysia lab to create platform for growth

Exova Group, the global testing, calibration and advisory services provider, has opened a new laboratory in Johor, Malaysia in response to growing demand from the oil and gas and industrial sectors.   The move will extend Exova’s geographical reach and sup


Dolphin achieves production milestone

Dolphin Energy Limited has made a number of notable achievements in 2014 including accomplishing a major production milestone of reaching 5 trillion standard cubic feet since operations began; the tie-in of three new export gas compressors to the plant at Ras Laffan Industrial City, a


Enec installs new nuclear plant training simulator

The Emirates Nuclear Energy Corporation (Enec) has installed its second full scope APR-1400 training simulator at the organisation’s Simulator Training Center (STC) in Barakah, Abu Dhabi. The occasion also marked the successful completion of a major upgrade to Enec’s


Dewa wins 'Best Practice' award from Cisco

Dubai Electricity and Water Authority (Dewa) has received the best practice award by Cisco, a global leader in networking technologies, for the upgrade of its technology infrastructure to support future expansion plans in line with Dubai Smart City goals. Dewa’s migration o


Sabic Q2 net profit falls; but beats forecasts

Saudi Basic Industries Corp (Sabic), one of the world's largest petrochemicals groups, reported a 4.5 per cent drop in second-quarter net profit on Sunday, a much smaller decline than analysts had forecast. Sabic made a net profit of SR6.17 billion ($1.64 billion) in the thre


Reliance plans $5bn investments in refining, petchem

India’s Reliance Industries has said it will invest $5 billion across its refining and petrochemicals business by next March, after strong refining margins boosted its quarterly profit. Reliance is India’s second-largest company by market value and runs the world&rsqu


Oil falls to lowest close since March, down a 4th week

Brent and US crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in US oil drilling rigs applied pressure. US energy firms added 21 oil rigs this week after pulling seven rigs last

 < 1 2 3 4 5 > 

calendarCalendar of Events