Sunday 31 July 2016

Expro secures major well testing contract in India

International oilfield services company, Expro, has been awarded new contracts from India’s Oil and Natural Gas Corporation Ltd (ONGC).   Worth in excess of $17 million over three years, the contracts will see Expro work on ONGC’s assets throughout w


Sabic, ExxonMobil mull petchem JV in US

Sabic and an affiliate of ExxonMobil Corporation (ExxonMobil) are considering the potential development of a jointly owned petrochemical complex on the US Gulf Coast.    If developed, the project would be located in Texas or Louisiana near natural gas feeds


Strategic investments 'key for oil sector growth'

Making strategic long-term investments, and pooling knowledge and resources from within the oil and gas industry is central to energy sector progress, said senior officials and world representatives at a recent gathering in Abu Dhabi. The gathering at the prestigious Middle East


Experts to discuss corrosion issues

Experts in the field of corrosion technology will discuss the latest innovations in anti-corrosion technologies at a major event in Saudi Arabia in November. Fleming's fifth Annual Corrosion Management 2016 conference, taking place from November 28 to 29 in Al Khobar, will sh


Iran enlists Italian, Swiss firms to build solar plant

Swiss and Italian companies will build Iran’s biggest solar power plant in North Khorasan Province, with construction beginning in about four weeks, a report said. The first phase of the project, with a capacity of 30 MW, will be built in an area of 60 hectares to meet the


Oil near 2-month lows on glut worries

Crude prices inched down on Monday in Asia, staying not far from two-month lows hit in the previous session, amid worries over a global oil glut. A strong dollar and the fourth weekly rise in the U.S. oil rig count have helped relieve pressure on crude futures. Lon


Deal on cutting greenhouse gases 'in sight'

A global agreement on cutting the use of hydrofluorocarbons (HFCs) - potent greenhouse gases used in aerosols, refrigerants and air conditioning - seems within grasp, delegates said on Sunday after 10 days of talks on climate change in Vienna. A final deal is expected to be reach


Libya oil exports threatened as NOC warns against port deal

Libya's hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC) objected to a deal between the government and local guards to reopen key ports. In a letter seen by Reuters to UN Libya envoy Martin Kobler and a number of oil and


Saudi's PetroRabigh Q2 net profit slides 79.6pc

Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) reported a 79.6 per cent decrease in net profit in the second quarter as petrochemical prices dropped and refinery margins fell.   The firm, a joint venture between Saudi Aramco an


Enec signs support services deal with Korea firm

The Emirates Nuclear Energy Corporation (Enec) and Korea Hydro & Nuclear Power (KHNP) have signed an operating support services agreement (OSSA) for the Barakah nuclear power plant in Abu Dhabi, UAE. The agreement was signed at a ceremony held at Enec’s headquarters in

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