Monday 21 May 2018

Dana Gas Q1 net profit jumps 27pc

Dana Gas, a leading natural gas company, has posted a net profit of $14 million (Dh51 million) for the first quarter 2018 as compared to $11 million (Dh40 million) in Q1 2017, marking a 27 per cent increase.  This increase was mainly due to better realized prices and the rev


GE Power opens Monitoring & Diagnostics Center in Kuwait

GE Power, a division of GE, has marked the inauguration of its new Monitoring & Diagnostics Center (M&D Center) at the GE Kuwait Technology Center (KTC), a facility that provides advanced training, timely customer service and maintenance support. The M&D Center is aim


Aramco highlights opportunities for SMEs

Saudi Aramco has highlighted the investment opportunities offered by the advent of the 4th Industrial Revolution and the role of small and medium enterprises (SMEs). Officials from the company were taking part in the Eastern Province Chamber of Commerce symposium on the “4t


Dewa, GCBI sign green building agreement

Dubai Electricity and Water Authority (Dewa) has signed an agreement with Green Business Certification Inc (GCBI) to collaborate in research and development, training, and promoting green buildings. GBCI is an independent organisation that recognises excellence in green business


Sipchem organises workshop for DTV partner firms

Saudi International Petrochemical Company (Sipchem) recently organised a workshop for the Dhahran Techno Valley (DTV) partner companies to identify areas of collaboration among the research and development centres. The Dhahran Techno Valley (DTV) Partners Technical Exchange Works


Total signs up to develop gas project in Oman

French energy giant Total has signed an agreement with the Government of Oman to develop natural gas resources including both upstream and downstream businesses in the Sultanate. Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik


Enova unveils solar plant at Mall of the Emirates

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia region, has joined forces with Enova, a leading energy and facilities management specialist in the Middle East, to launch the first phase of solar photovoltaic (PV) plant


Adnoc unveils $45bn downstream investment plan

Abu Dhabi National Oil Company (Adnoc) has unveiled plans to invest Dh165 billion ($45 billion) alongside partners, over the next five years, to become a leading global downstream player, enabling it to further stretch the value of every barrel it produces to the benefit of Adnoc, its partners


Shell signs energy development contract in Oman

Shell Gas & Power Developments has signed an agreement with Oman to cover upstream gas exploration and development, gas-to-liquids (GTL), liquefied natural gas (LNG) and renewable energies in the Sultanate. The memorandum of understanding (MoU) sets out an initial mutual unde


Adnoc loads first crude cargo for India oil reserve

The historic first cargo of crude oil from the Abu Dhabi National Oil Company (Adnoc), destined for the Indian Strategic Petroleum Reserves Ltd (ISPRL) has been loaded and is en-route to India, a media report said. The cargo is the first under an agreement between Adnoc and ISPRL

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