News / International
Abu Dhabi Eyeing 50% Increase in Offshore Rig Count
Abu Dhabi plans to invest over $25 billion in the next five years on boosting its oil production capacity from offshore fields, a senior official of Abu Dhabi National Oil Co said on Tuesday.
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.
