News / International

Oman Electricity Co. Poised to Issue Dollar Bonds

The issue could be around $1 billion, rating agency Standard and Poor's said.

Siemens Wins Thermal Efficiency Contract from DEWA

Dubai Electricity and Water Authority (Dewa) has signed a turnkey construction contract worth Dh1.47 billion ($400 million) for the expansion of the M-Station power and water desalination plant in the Jebel Ali area of the emirate.

Woodside Backs Out of Rabat Licence Operatorship Offshore Morocco

Woodside Petroleum has elected not to take operatorship and fund the drilling of an exploration well in return for an additional 25% equity stake in the Rabat Deep Offshore permit in Morocco.

South Africa’s Eskom Launches 100 MW Wind Facility

South African power utility Eskom said on Monday its first large-scale renewable energy plant, the 100 megawatt Sere Wind Farm, was fully operational and injecting much-needed electricity into the constrained grid.

Payrolls, Hiring Expand in Middle East Despite Global Oil Slump

Recruitment of new employees for oil and gas companies outside the Gulf region has slowed down, but businesses in the UAE and the rest of the Middle East continue to push forward with hiring, a new report reveals.

Acwa Holdings-Air Products to Build World’s Largest Industrial Gas Complex in Saudi

Acwa Holding, a regional infrastructural developer in the power and water sectors, said along with its joint venture partner US-based Air Products, it has won a major contract from Saudi Aramco to build, own and operate the world's largest industrial gas complex in the kingdom.

Repsol Strikes Gas Discovery in Algeria

Repsol has made its third gas discovery in the Illizi basin, in the southeast of Algeria. The discovery in Tan Emellel Sud-Ouest-2 (TESO-2) exploration well in the Sud-Est Illizi block is the continuation of an already very successful exploration campaign in the high-potential area.

Venezuela Discuss OPEC and Oil Price Control with Iran

Venezuelan Foreign Minister Delcy Elonia Rodriguez Gomez announced that she had conferred on oil and energy policies with Iranian officials during his Monday visit to Tehran.

Adnoc Concession Negotiations Seeking to Up Oil Recovery Rate to 70%

Abu Dhabi National Oil Co. is still in talks with international companies about concessions at the emirate’s largest fields and hasn’t set a deadline for deciding on the awards, Director General Abdullah Nasser al Suwaidi said.

Oil Service Giant Halliburton Beats Earnings Estimates

Halliburton Co. beat analysts’ estimates and accelerated the pace of job cuts ahead of a planned $34.6 billion takeover of Baker Hughes Inc.

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