Wednesday 29 March 2017
 
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Aramco welcomes Royal Order slashing tax

Saudi Aramco today welcomed the introduction of the new tax regime for all hydrocarbon producers operating in the kingdom as another positive step in the diversification of the kingdom’s economy.   Amin H Nasser, president and CEO, Saudi Aramco, said the c

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Churchill Drilling Tools wins top export award

Churchill Drilling Tools, an oilfield service company specialising in drilling innovation, said it has won top honours in the High Growth Markets Exporter of the Year category at the 2017 HSBC Scottish Export Awards held in Glasgow, UK. The award specifically recognises export ac

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Apicorp buys key stake in Saudi utility project

Acwa Power, a Saudi-based developer, owner and operator of independent power generation and water desalination plants, and Arab Petroleum Investments Corporation (Apicorp) have signed a sale and purchase agreement for an eight per cent effective stake in Shuqaiq Independent Water and Power Proj

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QSTec starts up polysilicon facility in Qatar

Qatar Solar Technologies (QSTec), a leading solar company, said that it has produced its first polysilicon at its 8,000 metric tonnes per annum (MTPA) manufacturing facility in Qatar.   QSTec, the largest polysilicon producer in the Middle East and North Africa (Mena) region,

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Schlumberger, Weatherford form new joint venture

Schlumberger and Weatherford today announced an agreement to create OneStim, a joint venture to deliver completions products and services for the development of unconventional resource plays in the US and Canada. The joint venture will offer one of the broadest multistage completions p

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Dewa hosts solar park Phase Four prequalifiers

Dubai Electricity and Water Authority (Dewa) hosted a conference for international developers who have been qualified to submit tenders for the 200 MW concentrated solar power (CSP) plant based on the independent power producer (IPP) model. The plant is the fourth phase of the Mo

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Total, Badminton World Federation extend partnership

Total and the Badminton World Federation (BWF) recently announced a three-year extension of their partnership until 2021, following the completion of a previous three-year partnership. Through the extended partnership, brokered by Infront Sports & Media, Total will continue as the

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A true commitment to green energy 'crucial for success'

A true commitment to renewables, and a credible pitch towards investors, should be embedded throughout the organisational structures and processes of companies, , says a London Business School (LBS) expert. A number of oil and gas majors are going through an existential crisis in

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$27bn fund to accelerate Dubai's ‘green’ ambitions

Dubai Supreme Council of Energy at a key meeting reviewed the progress of its key initiatives that support the UAE Vision 2021 and the Dubai Plan 2021 and its objective to create a clean, healthy and sustainable environment, and help Dubai attain a green economy, said a report. S

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Orpic plans to raise polypropylene plant’s capacity

Oman Refineries and Petroleum Industries Company (Orpic) plans to increase the capacity of its polypropylene plant to 340,000 tonnes of high quality polypropylene per annum from the current 200,000 tonnes a year, said a report. The Sohar Refinery of Orpic is the main supplier of

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