Wednesday 28 June 2017

Aramco signs up Savage for industrial rail switching ops

Savage Saudi Arabia is a joint venture between US-based Savage Companies, a supply chain solutions and industrial services firm, and Ahmad Nasser Albinali Holding Company based in the Saudi city of Dammam.   On the deal, Saudi Aramco said the rail operations wil


Saudi Aramco unit buys into Irish wastewater company

Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of global oil giant Saudi Aramco has acquired a major stake in Irish wastewater treatment technology company OxyMem.   The Saudi group's funding will help OxyMem to boost investment in p


Need seen for digital experts in oil & gas sector

The oil and gas industry urgently needs digital natives – but the right people may not be looking at the sector as a potential career choice, according to a new report. Just over a third of respondents pointed to the growing need for IT skills, as technological advances com


Crude oil prices extend bounce off 10-month lows

Oil prices were higher in European trade on Tuesday, extending their recovery from last week's 10-month lows, but futures stayed volatile in the face of fresh supply worries amid indications that US shale production will continue to rise, said a report in


Abu Dhabi unveils scheme for solar PV testing

Abu Dhabi Quality and Conformity Council (QCC) has unveiled a conformity assessment scheme to verify the quality, safety and sustainability performance of solar photovoltaic (PV) systems. The scheme allows suppliers and manufacturers of solar PV systems that meet the requirements


Opec, non-Opec conformity level hits 106pc

Organization of the Petroleum Exporting Countries (Opec) and the participating non-Opec countries have recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 106 per cent, reported AzerNews.   The overa


DP World, Masdar partner on clean energy

Global trade enabler DP World and Masdar, Abu Dhabi’s renewable energy company, have signed a Memorandum of Understanding (MoU) to explore areas of collaboration on clean energy solutions. Masdar will work with DP World to address challenges related to the delivery of susta


Oman to issue tenders for key renewable energy projects

Oman’s Rural Areas Electricity Company (Raeco) is likely to issue tenders by the year-end for 11 renewable energy projects to be developed across the sultanate, said a report.   This comes as Raeco's strategy to increase renewable energy footprint in t


Mitsubishi, Sumitomo seal Tunisia power project deal

Mitsubishi Hitachi Power Systems (MHPS) and Sumitomo Corporation signed an engineering, procurement and construction (EPC) contract with Societe Tunisienne de l'Electricite et du Gaz (STEG) for a gas-fired combined cycle power plant in Tunisia.   The project


GE wins Jordan power plant maintenance agreement

Global technology and engineering conglomerate GE said its power unit has signed a multi-year agreement with Samra Electric Power Company (Sepco) in Jordan to provide full maintenance services, including parts and repairs for critical power generation equipment at its combined cycle power pla

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