Wednesday 28 June 2017

Sumitomo buys Amec Foster Wheeler's CFB boiler unit

Sumitomo Heavy Industries, an integrated manufacturer of industrial machinery, has acquired the circulating fluidised bed (CFB) boiler business from Amec Foster Wheeler, a UK-based consultancy, engineering and project management company, for $170 million.   The


Dewa awards $68.5m contract for water pipeline project

Dubai Electricity and Water Authority (Dewa) has awarded a contract to supply, extend and commission 40km of water pipelines, at a total cost of Dh248 million ($68.5 million). “This supports our ambitious strategy and plans to meet the needs of the comprehensive development


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


Oil demand growth below expectations in H1

Oil demand growth has undershot expectations in the first half (H1) of 2017, removing support to oil prices just when the market needed it most, a report said. Globally, demand expanded by just 900,000 barrels per day (b/d) in the first quarter (Q1) of 2017, added the research re


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


UK marine contractor Briggs to boost fleet

UK-based Briggs Marine, a leading marine contractor, said it is set to further increase its fleet with the delivery of a new vessel following successful trials earlier this month. A total of three ORC 171 Fast Pilot vessels, designed by French naval architect Pantocarene for the


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


Masen chief in Sweden for renewable energy talks

Morocco-based Masen, a leading renewable energy company, said its president Mustapha Bakkoury recently visited Sweden to meet the country's governmental energy agencies and Cleanergy AB to discuss collaboration opportunities. Cleanergy AB is a privately held high-tech small a

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