Monday 24 July 2017

Bahrain selects Cesi to help with its solar programme

Bahrain has appointed Cesi, a global leader in technical consulting and engineering, to support its Sustainable Energy Unit (SEU) to develop the technical and regulatory requirements related to connecting distributed renewable energy resources into Bahrain’s national electricity grid owne


Oil sector key market for drones in GCC

The market for drones in the GCC is expected to reach $1.5 billion by 2022, presenting a massive opportunity for regional telecom operators, according to Strategy&, formerly Booz & Company, and part of the PwC network. By leveraging their capabilities and resources, these


Orpic wins award for LPIC finance deal

Oman Oil Refineries and Petroleum Industries Company (Orpic) has been awarded the Project Finance Deal of the year (2016) award by Trade and Export Finance (TXF) for its Liwa Plastics Industries Complex (LPIC) project finance deal. The award ceremony was held at the Export and Pr


Oman awards exploration contract to Schlumberger

Oman-based Petrogas Kahil has awarded a contract for the drilling of three exploration wells in Block 55 to global oil services company Schlumberger, a report said. The one-year integrated drilling services contract is valued at around $20 million, Oman Observer reported


Market re-balancing at faster rate in H2: Opec

The oil market will need more crude from Libya and Nigeria as it re-balances at a faster rate in the second half of the year after a slow start, Opec secretary-general Mohammad Barkindo said Sunday. Compliance with production cuts by members of Opec is "excellent," Bark


Qurain Petrochemical net profit up 24pc in Q1

Kuwait-based Qurain Petrochemical Industries Company (QPIC) has reported a net profit of KD6.17 million ($20.23 million) for the first quarter of 2017-18, representing a 24 per cent increase over the same period last year (KD4.98 million). The earnings per share (EPS) for the qua


Developers 'eyeing ME renewable energy market'

With the cost disparity between solar and conventional electricity generation fast disappearing, several leading power plant developers are eyeing the Middle East renewable energy market in order to boost growth, said an expert.   Economic and environmental sustainability has


Mena plans $200bn investment in renewable sector

The Middle East and North Africa (Mena) region is embarking on a massive programme to develop renewable energy, that will require more than $200 billion in investment, a report said. More than 67GW of clean energy projects at various stages of the design and study stage, accordin


Adnoc in strategic Asia partnership talks

The Abu Dhabi National Oil Company (Adnoc) has started talks with potential Asian partners on new partnership and co-investment opportunities and active management of its portfolio of assets, said a report. Adnoc’s new initiative builds on its flexible operating model and i


UAE fund to build power plant in Guinea

Abu Dhabi Fund for Development (ADFD), a leading national entity in development aid, is set to construct the National Dispatch Centre in the west African nation of Guinea at an estimated cost of  Dh66 million ($18 million). The centre will bolster energy control efforts, hel

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