March 24th, 2019 | 0 commentsOman-based Galfar Engineering and Contracting said it has won a contract worth RO753,000 ($1.95 million) for a pipeline project from India-based Punj Lloyd. Punj Lloyd is an engineering, procurement, and construction contracting specialist listed on National Stock Exchange of India (NSE). The company has implemented significant projects i...
March 24th, 2019 | 0 commentsAbu Dhabi National Oil Company (Adnoc) has signed MoUs with two leading Austrian groups - energy giant OMV and leading provider of innovative plastics solutions Borealis - to explore new opportunities for collaboration in the downstream sector. These agreements were signed today (March 23) by Dr Sultan bin Ahmad Sultan Al Jaber, Minister...
March 20th, 2019 | 0 commentsENOC Group announced that it will create up to 200 job opportunities across upstream, downstream, and corporate divisions within the group to UAE nationals during 2019. The new vacancies will be offered by the Dubai-government owned group at the UAE Career Fair, which will take place during the period between 19 -21 March at the Dubai Wor...
March 18th, 2019 | 0 commentsDana Gas, the Middle East’s largest regional natural gas company, on Sunday announced that it has bought back a total of $133 million sukuk of 4% Nile Delta sukuk certificates. The buyback has slashed the size of the sukuk from $530 million to $397 million and was achieved at an average price of $0.92, Dana said in a statement. “The Compa...
March 18th, 2019 | 0 commentsThe Abu Dhabi National Oil Company (ADNOC) on Sunday announced that it has signed a deal with Japan’s INPEX Corporation to explore Abu Dhabi’s onshore block 4. The deal was inked by Sultan Ahmed Al Jaber, UAE Minister of State and CEO of ADNOC, and Takayuki Ueda, the president and CEO of INPEX Corporation. The agreement’s total cost amoun...
March 13th, 2019 | 0 commentsNational Petrochemical Company (Petrochem) on Tuesday has obtained a three-year Sharia-complaint facility at a value of SAR 550 million from Saudi British Bank (SABB). The facility is revolving, and it will be subject for renewal annually, according to Petrochem’s statement to the Saudi Stock Exchange (Tadawul). The kingdom-based petroche...
March 13th, 2019 | 0 commentsAbu Dhabi National Oil Company (ADNOC) announced that it has awarded an AED 45.5 million ($12.4 million) contract to Interserve’s UAE subsidiary Adyard Group. Under the contract, Adyard will replace offshore firewater pumps and liquid sulphur loading systems at Adnoc's sprawling Al Ruwais refining and petrochemical complex in Abu Dhabi. T...
March 13th, 2019 | 0 commentsEgypt’s Petroleum Projects & Technical Consultations Company (Petrojet) is planning to launch a plant in Algeria to produce propane and butane to be used in the production of fuel and the supply of gas in Ouargla Province in Algeria. The construction of the project is planned to commence in July and end within 21 months, head of Petro...
March 11th, 2019 | 0 comments Qalaa Holdings on Sunday announced the successful pilot operation of its catalytic reforming unit and production of 98-octane gasoline in its leading Egyptian Refining Company’s (ERC) project, according to a bourse filing. The trial operation of all units of the megaproject is expected to be completed by the end of the second quarter of...
March 8th, 2019 | 0 commentsEgypt’s petroleum minister Tarek El-Molla has signed a new agreement with Germany’s DEA Group AG for oil and gas exploration at Ras Badran and Khaleeg Al Zeit in the Gulf of Suez. Under the deal, which was also signed with the Egyptian General Petroleum Corporation (EGPC), DEA will carry out oil development programmes, with the purpose of...
