Sunday 20 April 2014

Al Rajhi Capital wins two awards

  Al Rajhi Capital, one of the leading asset managers in Saudi Arabia, has won two awards at the Global Investor Magazine/ISF Middle East Awards 2012.   Al Rajhi Capital has been named the “Sa


ABB wins $30m gas order in Abu Dhabi

ABB, the leading power group, has won an order worth $30 million from Saipem and Samsung Engineering to provide a range of power and automation equipment for a natural gas processing plant in Abu Dhabi. The plant is located in the Shah nat


Shah gas to start production in mid-2014

Production should begin by the middle of 2014 at the Shah gas project being developed by Occidental Petroleum and Abu Dhabi National Oil Company (Adnoc), a senior official said on Monday. Occidental won the contract to participate in the s


UAE wants Shell for Shah after Conoco exit

The UAE wants Royal Dutch Shell to step in as its partner at the $10 billion Shah gas project after US major ConocoPhillips withdrew, industry sources in the UAE said on Wednesday. Agreeing terms would be the biggest issue in coaxing Shell


Adnoc to proceed with Shah despite Conoco exit

State-run Abu Dhabi National Oil Company (Adnoc) will proceed with a project to develop the Shah gas field despite ConocoPhillips' exit from the scheme, Adnoc said in a statement on Thursday. Industry sources said on Wednesday Adnoc wo


Conoco backs out of $10bn UAE gas deal

ConocoPhillips has pulled out of a $10 billion project to develop the Shah sour gas field in the United Arab Emirates, but UAE would proceed with development of the project despite its withdrawal, industry sources said on Wednesday. The t


$10bn UAE Shah gas project ready by 2015

The United Arab Emirates' $10 billion Shah gas field development project will be completed by early 2015, the project's chief executive said on Tuesday, a date three years later than previously anticipated. The joint venture of Abu

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