Wednesday 16 August 2017

Engie completes $762m investment in Tabreed

The National Central Cooling Company (Tabreed) has announced the successful completion of an investment of approximately Dh2.8 billion ($762.32 million) by Engie, a global energy company, to acquire 40 per cent of Tabreed shares, a Wam news agency report said. Headquarte


Qatargas delivers first LNG cargo to Thailand

Qatargas recently delivered the first Q-Max cargo of liquefied natural gas (LNG) under a long-term sale agreement with PTT Public Company to Thailand. The cargo arrived on board the Q-Max LNG vessel, Bu Samra, at Thailand’s Map Ta Phut LNG receiving terminal.


Panalpina wins gas transportation deal in Iraq

Swiss-based Panalpina, a leading provider of supply chain solutions, was recently awarded a contract to manage transportation for a gas project in Iraq. The contract will run for a minimum of five years, and involves high air and LCL (less than container load) ocean freight volum


Tethys reports new oil finds in Oman Blocks 3&4

Sweden-based Tethys Oil has reported discovery of two new hydrocarbon sources with potential to be developed as oil fields in Block 3 & 4 in eastern Oman, a media source said. It follows the successful completion and testing of the exploration well Ulfa-1 which flowed oil to


Qatar mulls solar panels on house rooftops

Qatar has launched a project to generate around 500MW of electricity through solar power, which includes a plan to install solar panels on the rooftops of houses across the country, a report said. "Kahramaa is currently working on using solar power to desalinate ground water


KBR wins PMC contract for key Adnoc projects

KBR, a global leader in engineering, procurement, and construction services, has been awarded a project management consultancy (PMC) contract for two major Abu Dhabi projects. The contract awarded by Occidental of Abu Dhabi on behalf of Abu Dhabi National Oil Company (Adnoc) is f


Kuwait to tender major solar plant in Q1 2018

Kuwait is expected to issue a tender to build the estimated $1.2-billion Dibdibah solar power plant in the first quarter of 2018, a senior official said. September 7 is the deadline for companies to express interest in the 1 gigawatt (GW) project, Shukri AbdulAziz Al Mahrous, dep


Hadeed increases rebar, wire rod prices

Saudi Iron and Steel Company (Hadeed) has announced an increase in rebar and wire rod prices, a report said. New rebar price for the domestic market increased by SR150 ($40) per tonne to SR2,000 ($533) per tonne CPT Riyadh, said a Steel Mills of the World report citing


Dana Gas H1 profit soars 77pc to hit $23m

Dana Gas, the Middle East’s largest regional private sector natural gas company, has posted a net profit of $23 million for the first half (H1) of the year, as against $13 million during H1 2016,marking an increase of 77 per cent. The company reported gross revenues of $222


CB&I wins storage tanks project in Saudi Arabia

CB&I has announced it has been awarded a contract by Técnicas Reunidas for new product storage tanks that will be part of a clean fuels expansion project at Saudi Aramco's refinery in Ras Tanura, Saudi Arabia.   CB&I's scope includes the e

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