Oman to privatise power stations

Oman plans to privatise its existing power stations and invest RO3bn ($7.8bn) in new projects over the next six years, in a bid to boost the economy and reduce the budget deficit as electricity demand grows, Reuters has reported. “The aim is to eventually sell, partly or wholly, government owned power stations to attract more […]

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Oman to privatise power stations

Oman plans to privatise its existing power stations and invest RO3bn ($7.8bn) in new projects over the next six years, in a bid to boost the economy and reduce the budget deficit as electricity demand grows, Reuters has reported. “The aim is to eventually sell, partly or wholly, government owned power stations to attract more […]

Stock Trkr
Oman to privatise power stations

Oman plans to privatise its existing power stations and invest RO3bn ($7.8bn) in new projects over the next six years, in a bid to boost the economy and reduce the budget deficit as electricity demand grows, Reuters has reported. “The aim is to eventually sell, partly or wholly, government owned power stations to attract more […]

Stock Trkr
Oman to privatise power stations

Oman plans to privatise its existing power stations and invest RO3bn ($7.8bn) in new projects over the next six years, in a bid to boost the economy and reduce the budget deficit as electricity demand grows, Reuters has reported. “The aim is to eventually sell, partly or wholly, government owned power stations to attract more […]

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Lamprell posts declining profit

UAE-based oil and gas engineering services firm Lamprell has reported a 34% drop in first-half profits compared to the same period last year, following lower demand for offshore construction and repair services, MEED has reported. Net profit fell to $31.6m, down from the $47.8m in H1 2008 and revenues were down 18.2% to $259.9m. Booked […]

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Lamprell posts declining profit

UAE-based oil and gas engineering services firm Lamprell has reported a 34% drop in first-half profits compared to the same period last year, following lower demand for offshore construction and repair services, MEED has reported. Net profit fell to $31.6m, down from the $47.8m in H1 2008 and revenues were down 18.2% to $259.9m. Booked […]

Stock Trkr
Lamprell posts declining profit

UAE-based oil and gas engineering services firm Lamprell has reported a 34% drop in first-half profits compared to the same period last year, following lower demand for offshore construction and repair services, MEED has reported. Net profit fell to $31.6m, down from the $47.8m in H1 2008 and revenues were down 18.2% to $259.9m. Booked […]

Stock Trkr
Lamprell posts declining profit

UAE-based oil and gas engineering services firm Lamprell has reported a 34% drop in first-half profits compared to the same period last year, following lower demand for offshore construction and repair services, MEED has reported. Net profit fell to $31.6m, down from the $47.8m in H1 2008 and revenues were down 18.2% to $259.9m. Booked […]

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Sasref refinery to be upgraded

Saudi Aramco and Royal Dutch Shell have said they plan to upgrade their joint venture Sasref refinery in Saudi Arabia. Plans include the addition of new units to clean exhaust gases from sulphur to protect the environment, Reuters reported. The 305,000bpd refinery will upgrade its Super Claus units, build a new off-gas treating unit, a […]

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Sasref refinery to be upgraded

Saudi Aramco and Royal Dutch Shell have said they plan to upgrade their joint venture Sasref refinery in Saudi Arabia. Plans include the addition of new units to clean exhaust gases from sulphur to protect the environment, Reuters reported. The 305,000bpd refinery will upgrade its Super Claus units, build a new off-gas treating unit, a […]

Stock Trkr
Sasref refinery to be upgraded

Saudi Aramco and Royal Dutch Shell have said they plan to upgrade their joint venture Sasref refinery in Saudi Arabia. Plans include the addition of new units to clean exhaust gases from sulphur to protect the environment, Reuters reported. The 305,000bpd refinery will upgrade its Super Claus units, build a new off-gas treating unit, a […]

Stock Trkr
Sasref refinery to be upgraded

Saudi Aramco and Royal Dutch Shell have said they plan to upgrade their joint venture Sasref refinery in Saudi Arabia. Plans include the addition of new units to clean exhaust gases from sulphur to protect the environment, Reuters reported. The 305,000bpd refinery will upgrade its Super Claus units, build a new off-gas treating unit, a […]

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Iraq reduces fees to stimulate oil auction

Iraq has reduced signature bonuses in the hope that a second oil auction, to be held later this year, will prove more successful than the first. However, foreign oil firms may still be put off by the fact that they have to pay non-recoverable fees ion order to take part in the auction, Reuters has […]

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Iraq reduces fees to stimulate oil auction

Iraq has reduced signature bonuses in the hope that a second oil auction, to be held later this year, will prove more successful than the first. However, foreign oil firms may still be put off by the fact that they have to pay non-recoverable fees ion order to take part in the auction, Reuters has […]

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Iraq reduces fees to stimulate oil auction

Iraq has reduced signature bonuses in the hope that a second oil auction, to be held later this year, will prove more successful than the first. However, foreign oil firms may still be put off by the fact that they have to pay non-recoverable fees ion order to take part in the auction, Reuters has […]

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Iraq reduces fees to stimulate oil auction

Iraq has reduced signature bonuses in the hope that a second oil auction, to be held later this year, will prove more successful than the first. However, foreign oil firms may still be put off by the fact that they have to pay non-recoverable fees ion order to take part in the auction, Reuters has […]

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Six consultancies to bid for nuclear contract

Six international companies have been chosen to bid for a contract to provide service-related and technical-related consultancy for the nuclear safety department in Egypt. Part of the Egyptian nuclear program, companies from France, UK, Germany, Canada, USA and South Korea were chosen from 17 initial bids presented in April, the Ministry of Electricity and Energy […]

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Six consultancies to bid for nuclear contract

Six international companies have been chosen to bid for a contract to provide service-related and technical-related consultancy for the nuclear safety department in Egypt. Part of the Egyptian nuclear program, companies from France, UK, Germany, Canada, USA and South Korea were chosen from 17 initial bids presented in April, the Ministry of Electricity and Energy […]

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Six consultancies to bid for nuclear contract

Six international companies have been chosen to bid for a contract to provide service-related and technical-related consultancy for the nuclear safety department in Egypt. Part of the Egyptian nuclear program, companies from France, UK, Germany, Canada, USA and South Korea were chosen from 17 initial bids presented in April, the Ministry of Electricity and Energy […]

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Six consultancies to bid for nuclear contract

Six international companies have been chosen to bid for a contract to provide service-related and technical-related consultancy for the nuclear safety department in Egypt. Part of the Egyptian nuclear program, companies from France, UK, Germany, Canada, USA and South Korea were chosen from 17 initial bids presented in April, the Ministry of Electricity and Energy […]

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GE wins Kuwait power station bid

Kuwait’s Central Tendering Committee (CTC) has awarded General Electric (GE) a KD770m contract for building the new AlـSabiya power station, Al Watan Daily has reported. GE was the preferred supplier and will start operations by summer 2011. The contract is expected to be signed once legalities have been completed. The power station is expected to […]

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GE wins Kuwait power station bid

Kuwait’s Central Tendering Committee (CTC) has awarded General Electric (GE) a KD770m contract for building the new AlـSabiya power station, Al Watan Daily has reported. GE was the preferred supplier and will start operations by summer 2011. The contract is expected to be signed once legalities have been completed. The power station is expected to […]

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GE wins Kuwait power station bid

Kuwait’s Central Tendering Committee (CTC) has awarded General Electric (GE) a KD770m contract for building the new AlـSabiya power station, Al Watan Daily has reported. GE was the preferred supplier and will start operations by summer 2011. The contract is expected to be signed once legalities have been completed. The power station is expected to […]

Stock Trkr
GE wins Kuwait power station bid

Kuwait’s Central Tendering Committee (CTC) has awarded General Electric (GE) a KD770m contract for building the new AlـSabiya power station, Al Watan Daily has reported. GE was the preferred supplier and will start operations by summer 2011. The contract is expected to be signed once legalities have been completed. The power station is expected to […]

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Abu Dhabi gets LNG via stake in Oil Search

Abu Dhabi’s International Petroleum Investment Company (IPIC) has taken a 17.6% stake in Australian company Oil Search, paying $1.07bn, Reuters has reported. It will be paid for via a five-year exchangeable bond issue and gives IPIC ‘material exposure to a significant near-term LNG project in Asia-Pacific, the PNG LNG Project operated by ExxonMobil’, the company […]

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Abu Dhabi gets LNG via stake in Oil Search

Abu Dhabi’s International Petroleum Investment Company (IPIC) has taken a 17.6% stake in Australian company Oil Search, paying $1.07bn, Reuters has reported. It will be paid for via a five-year exchangeable bond issue and gives IPIC ‘material exposure to a significant near-term LNG project in Asia-Pacific, the PNG LNG Project operated by ExxonMobil’, the company […]

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Abu Dhabi gets LNG via stake in Oil Search

Abu Dhabi’s International Petroleum Investment Company (IPIC) has taken a 17.6% stake in Australian company Oil Search, paying $1.07bn, Reuters has reported. It will be paid for via a five-year exchangeable bond issue and gives IPIC ‘material exposure to a significant near-term LNG project in Asia-Pacific, the PNG LNG Project operated by ExxonMobil’, the company […]

Stock Trkr
Abu Dhabi gets LNG via stake in Oil Search

Abu Dhabi’s International Petroleum Investment Company (IPIC) has taken a 17.6% stake in Australian company Oil Search, paying $1.07bn, Reuters has reported. It will be paid for via a five-year exchangeable bond issue and gives IPIC ‘material exposure to a significant near-term LNG project in Asia-Pacific, the PNG LNG Project operated by ExxonMobil’, the company […]

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Iraq: Opec to leave September oil output unchanged

Hussain al-Shahristani, Iraq’s Oil Minister, does not believe Opec needs to raise oil production in September. Speaking to Reuters, he said he saw “absolutely no need” to increase output. While signs of a global economic recovery would lead to increased oil demand in the near future, current crude reserves are higher than they have been […]

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Iraq: Opec to leave September oil output unchanged

Hussain al-Shahristani, Iraq’s Oil Minister, does not believe Opec needs to raise oil production in September. Speaking to Reuters, he said he saw “absolutely no need” to increase output. While signs of a global economic recovery would lead to increased oil demand in the near future, current crude reserves are higher than they have been […]

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