After three successful years, Lukoil Marine Lubricants will once again supply Kuwait Oil Tanker Company’s full fleet of various tanker vessels
Dubai, United Arab Emirates - 11 June 2019: Dubai-based subsidiary of LUKOIL, Lukoil Marine Lubricants (Lukoil), has reached a renewal agreement with the subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait Oil Tanker Company (KOTC). For the past three years, Lukoil has supplied KOTC’s full fleet of tanker vessels with their specialized product of marine lubricants. The new deal between the two companies will help to build upon the existing foundation of an already solid business working relationship. As per the contract terms, Lukoil will supply KOTC’s 24-strong fleet consisting of Very Large Crude Carriers (VLCC’s), Product Carriers, Liquefied ......read more
As per the contract’s delivery deadline
17 April 2019: The UAE-based, Grandweld Shipyards, has recently announced a delivery of four Crew Boats to Kuwait Oil Company “KOC”. As per the contractual agreement signed in May 2017, Grandweld should build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining five will be delivered in June 2019.
Furthermore, the newly constructed four boats were specially designed to meet the requirements of KOC, in accordance with Lloyd's Register’s classification rules in order to provide the highest operational efficiency and safety, and have been delivered promptly without delay.
Commenting on this development, Jamal Abki, General Manager of Grandweld Shipyards clarified, “Our long years of experience in the ......read more
MHPS’s Advanced Class Gas Turbines provide low cost, low emission energy with world-leading efficiency and 99.5% reliability
More than 150 participants to attend including Kuwaiti MEW officials, IPP and EPC representatives
Presentation of solutions utilizing the latest technologies to ensure a stable energy supply in Kuwait
Kuwait City, Kuwait, 8 April 2019: In an impressive display of Japanese technological advancement and efficiency and Kuwaiti far-sightedness and ambition, Mitsubishi Hitachi Power Systems, Ltd. (MHPS) held an advanced technology seminar on April 8 in Kuwait City, centered on gas turbine combined-cycle power generation systems. The increasing demand for electricity, the desire to introduce natural gas as the fuel of choice and the need to provide reliable power are essential to ......read more
Leading international, regional experts and decision makers to attend
Official Co-host: Kuwait Petroleum Corporation (KPC)
Under the Patronage of: The Minister of Oil, State of Kuwait
Gold Sponsor: National Bank of Kuwait (NBK) | Knowledge Partner: EY | Legal Partner: HFW
Kuwait City, Kuwait: 6 February 2019
Petroleum Economist, the global energy magazine, and Kuwait Petroleum Corporation (KPC) will co-host the fifth annual Energy Strategy Forum at the JW Marriott Hotel, Kuwait City on Tuesday 5 February. National Bank of Kuwait (NBK) is the gold sponsor, EY is the knowledge partner, while HFW is the legal partner.
The one-day forum will address the issues that really matter for this part of the world, and beyond including the global and regional market outlook; new methods for ......read more
Kuwait, July 29, 2018: SNC-Lavalin (TSX:SNC) is pleased to announce that it has signed an approximately $240 million (USD180 million) contract with Kuwait Integrated Petroleum Industries Company (KIPIC) for commissioning management support services, as well as the preparation and delivery of training, documentation and competency development consultancy services, at the Al Zour Refinery in Kuwait. KIPIC is a subsidiary of Kuwait Petroleum Corporation.
“We look forward to building a long term relationship with KIPIC and working in association with them to commission one of the newest and biggest refineries in the world. This is a great opportunity to further demonstrate our globally renowned expertise and extensive capabilities in downstream, and to support our client in executing their strategy and delivering a successful ......read more
New center highlights how Honeywell Connected Plant technologies can drive more safety, reliability, efficiency, and profitability across Kuwait’s energy sector
Kuwait, May 15, 2018 – Honeywell (NYSE: HON) today opened a state-of-the art Customer Experience Center (CEC) at its office in Mina Abdullah in southern Kuwait, which aims at giving local customers, trainees and students a deeper understanding of Honeywell products and solutions, in particular Honeywell Connected Plant technology, for oil and gas facilities and refineries.
The opening event was attended by senior energy industry executives who experienced how Honeywell leverages the Industrial Internet of Things (IIoT) and connected technologies to increase safety, reliability, efficiency, and profitability across the sector. The launch of the ......read more
The global producer of petrochemicals joins Honeywell’s efforts to develop solutions that reduce downtime and increase profitability
Kuwait, Feb. 27, 2018 – Honeywell (NYSE: HON) and EQUATE Petrochemical Company, a global producer of petrochemicals, today announced the signing of a memorandum of understanding (MOU) to further the development of innovative technologies to support operations at EQUATE’s industrial complexes.
EQUATE is currently the owner and single-operator of several fully integrated world-class petrochemical complexes in Kuwait, North America and Europe. The company is Kuwait’s first international petrochemical joint venture and the world’s second-largest producer of ethylene glycol (EG).
“As a global software-industrial company, Honeywell has ......read more
Senior Ministers Attend Kuwait Energy Strategy Forum
Kuwait City, Kuwait: 31 January 2018: Senior Ministers from Kuwait, as well as executives from some of the world’s leading energy companies, met in Kuwait today to discuss the opportunities facing the global energy sector. The conference brought together an international audience, attracting over 200 delegates from 20 different countries, including the United Kingdom, Japan and the United States.
2018 has seen prices for oil reaching a three-year high, interest in renewables rising with big oil buying into green and a continued move into digitalisation and increased efficiencies.
For supplier nations, the new energy market poses significant challenges and opportunities, while oil and energy companies continue to consider changes in ......read more
Cloud Enables Business Agility and Competitiveness to Support the New Kuwait 2035 Vision’s Economic Growth Goals
KUWAIT CITY, Kuwait – 3 January 2018 – EQUATE Group, a global producer of petrochemicals, announced today the next phase of its partnership with digital transformation enabler SAP, in an effort to drive the company’s global business growth and support the New Kuwait 2035 vision’s economic diversification goals.
In the highly-competitive petrochemicals industry, 94 percent of executives expect to increase investment in digital capabilities over the next three years, according to a recent report by Accenture.
Thanks to its longstanding partnership with SAP, EQUATE has full business visibility and real-time operational analytics. Business applications run on the SAP HANA in-memory platform for ......read more
Facility will become the largest integrated refinery and petrochemicals plant in Kuwait
Kuwait City, Kuwait, Nov. 27, 2017: Honeywell (NYSE: HON) announced today that Kuwait Integrated Petroleum Industries Company (KIPIC) will use a range of process technologies from Honeywell UOP, a leading licensor of refining and petrochemical process technology, for the expansion of its refining and petrochemical complex at Al-Zour, south of Kuwait City.
Honeywell UOP will supply technology licenses, design services, key equipment, and state-of-the-art catalysts and adsorbents to produce clean-burning fuels, paraxylene, propylene and other petrochemicals.
“When completed, this will be the largest integrated refinery and petrochemicals plant ever constructed in Kuwait,” said John Gugel, vice president and general ......read more
Covers KOTC vessels in Fujairah, Khor Fakkan and Singapore
Fujairah, UAE July 1, 2017: GAC Fujairah has been awarded a husbandry contract by the Kuwait Oil Tanker Company (KOTC) to provide ship supply services, spare parts handling and a range of other logistical services to its vessels arriving in Fujairah, Khor Fakkan and Singapore anchorage.
As part of global shipping, logistics and marine services provider GAC Group, GAC Fujairah worked in close cooperation with the Middle East Regional Office in Dubai and GAC Singapore to secure the deal.
Under the contract, the GAC team is set to handle approximately 450 jobs a year, a figure which is likely to grow as the KOTC fleet expands.
This is the third time GAC Fujairah is appointed by KOTC to provide husbandry services to its vessels. A KOTC senior management ......read more
Dubai, UAE- Halul Offshore Services Co., the offshore marine services arm of Milaha (Qatar Navigation), won the ‘Excellence in Health, Safety & Environment Award’ at the recently concluded 2nd Offshore Achievement Awards for the jack-up rig & liftboat industry. The award ceremony was held during the annual Offshore Jack Up Middle East (OJME) Conference at The Address Hotel, Dubai Mall, UAE.
The prestigious award recognized the outstanding performance of Halul Offshorein ensuring the health and safety of its employees and partners in addition to protecting its assets and the environment.
Mr. Abdulrahman Essa Al-Mannai, President and CEO of Milaha, Halul Offshore’s parent company, said: “The 2nd Offshore Achievement Awards 2016 is a leading platform for the Jack Up Rig & Liftboat industry, ......read more
PV power plant accounts for approximately 1% of Jordan’s total power generation capacity
TEMPE, Ariz./AMMAN, Jordan, October 9, 2016 – First Solar, Inc. (Nasdaq: FSLR) today announced that it has commissioned the 52.5 megawatt (MW)AC Shams Ma’an project in the Hashemite Kingdom of Jordan, on schedule.
The plant is owned by a consortium of investors consisting of Diamond Generating Europe Ltd., Nebras Power Q.S.C. and the Kawar Group. First Solar significantly contributed to the development of the project before divesting its stake and being appointed the Engineering, Procurement and Construction (EPC) contractor. Shams Ma’an has a 20-year Power Purchase Agreement (PPA) with the National Electric Power Company (NEPCO), the country’s power generation and distribution authority.
“First ......read more
New agreement signed to support the development of National Greenhouse Gas Inventory Systems (NIS)
Dubai, 10 March 2016 – United Nations Environment Programme (UNEP) and Dubai Carbon Centre of Excellence (DCCE) have signed an agreement to develop National Greenhouse Gas Inventory Systems (NIS) for Oman and Kuwait, helping these countries to monitor progress towards the international climate targets agreed in Paris, in December.
Signed by Ivano Iannelli, CEO of Dubai Carbon and Iyad Abumoghli, Director and Regional Representative of UNEP, the agreement also allows for future collaboration in other Gulf Countries.
UNEP Regional Representative in West Asia, H.E. Dr. Iyad Abumoghli, said: “This Memorandum of Understanding represents a special and significant commitment to engage and establish the best possible solutions ......read more
Leading international and regional experts and decision makers to attend
Official Co-Host: Kuwait Petroleum Corporation
Gold Sponsor: National Bank of Kuwait (NBK)
Kuwait City, Kuwait: 20 December 2015: Petroleum Economist, the global energy magazine, and Kuwait Petroleum Corporation will officially co-host the second annual Energy Strategy Forum at The Sheraton Hotel, Kuwait City on Tuesday 26 January. National Bank of Kuwait (NBK) have confirmed as a Gold Sponsor of the conference.
This VIP, invitation-only forum brings together a 300-strong audience of regional policy makers, national oil companies, international oil companies, financiers, investors and other key market players.
The second in this series of energy strategy forums will explore the contention that the hydrocarbons industry is facing a combination of ......read more
Deloitte: OPEC’s oil market share to fall by 5% by 2018
Deloitte: New global patterns could threaten OPEC’s position on global markets
5 July, 2015- The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector. However the current fluctuations may speed up some of the trends that were already unfolding according to Deloitte’s latest Oil and Gas Reality Check 2015 report.
The report outlines six of the major issues currently impacting the oil and gas industry (and the upstream market in particular). These issues include an anticipated shift in supply-demand fundamentals, the emergence of new trading patterns, consideration of OPEC’s role in the market, falling LNG prices, the long-term costs of complex projects and evolving dynamics between integrated oil companies ......read more
Abu Dhabi, UAE, July 4, 2015 – Today marks the two-year anniversary of the inauguration and completion of London Array – the world’s largest offshore wind farm. The sophisticated, 630-megawatt wind power project – and Masdar’s largest international investment to date – continues to deliver clean and reliable energy to more than half-a-million homes throughout the United Kingdom.
Since its launch, London Array has produced more than 5-terawatt hours of affordable, renewable electricity, while mitigating more than 2 million tons of CO2 emissions.
“As the largest operating offshore wind farm, the London Array has helped lead the way for the global renewable energy sector,” said Dr Ahmad Belhoul, CEO of Masdar, Abu Dhabi’s renewable energy and clean-technology company. “London ......read more
Dubai, United Arab Emirates, 23 June 2015: The value of major active projects in Turkey is worth almost $350bn representing an excellent new opportunity for GCC contractors and consultants impacted by falling oil prices, according to new research by MEED Projects, the region’s leading online projects tracking service.
Thanks to its booming economy and fast-growing population, Turkey has really accelerated its nationwide infrastructure programme in recent years. For active projects worth more than $100m, the largest individual sector is transport, with $135bn worth of projects either planned or under construction, mainly in the form of new roads, railways and airports.
It is closely followed by the power sector, which has $125bn worth of projects planned or under construction, including nuclear, solar and wind power ......read more
Call for Papers Breaks Industry World Record with 2,278 Proposals from 540 Organizations Across 65 Countries
Abu Dhabi, UAE – 23 June 2015 – Global industry leaders and decision-makers are set to make the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2015 a record-breaker, with the number of abstract submissions for the Conference Programme rising 26 percent from 2014.
With a total of 2,278 proposals submitted from 540 organizations across 65 countries, the ADIPEC 2015 Conference Programme is already building on the success of last year’s event, which received 1,806 abstracts. Nearly half of submissions this year were received from outside the Middle East, underscoring the Abu Dhabi event’s importance as the world’s new meeting point for the global oil and gas community.
The ......read more
Pursuit of Local Water, Energy and Environment Innovations to be Boosted by New Advanced Facility
Abu Dhabi-UAE: 22 April, 2015 ̶ Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, is launching its new Analytical Chemistry and Biochemistry (ACBC) Laboratory as part of its continuing contribution to the UAE’s indigenous research infrastructure and capacity.
“The new ACBC Laboratory and all of the core labs at Masdar Institute are advanced research and training facilities. Our main focus is to increase advance research and increase the number of researchers in the UAE with the skills to operate and understand the results provided by the equipment. These core labs serve as research support, ......read more
Safety Maturity Index tool provides insights into where and how manufacturers need to optimize safety to improve plant performance
Abu Dhabi, UAE – 13th May 2015 – Rockwell Automation today announced the Safety Maturity Index (SMI) tool, a self-guided assessment that gives manufacturers visibility into the effectiveness of their safety programs and the ability to optimize plant performance. Applicable to any industry, any plant size and any location in the world, the SMI tool helps manufacturers see where they measure in safety culture, compliance and capital. Most importantly, it provides recommendations to help achieve best-in-class safety performance.
The three principal components of a successful safe workplace – culture (behavioral), compliance (procedural) and capital (technical) – are equally critical ......read more
UAE, May 14, 2015- Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas reported today the financial results for Q1 2015 ended March 31st.
Revenues recorded for the quarter stood at AED 1.11 billion driven by operations in the KSA and UAE markets each contributing 41% and 25% of the cumulative topline achieved in Q1 2015 respectively.
Earnings per Share (EPS) stood at AED 0.011 and Net profit reached AED 27.8 million.
DSI started the year with a positive momentum at its home market the UAE and managed to secure AED 378 million worth of new Engineering and General Contracting contracts in Q1 2015 across the Hospitality and Commercial ......read more
Dubai, 5 May 2015 – Global shipping, logistics and marine services company, GAC, is further strengthening its strategic focus on the worldwide energy sector with the appointment of William Hill as its Executive Group Vice President – Oil & Gas.
Group President Bengt Ekstrand says bringing a specific senior management focus on Oil & Gas is a clear signal of GAC’s intent. "Our aim is to be more strategic, more active and more successful in this sector.”
“Over the decades, GAC has built up a broad suite of assets and skills in Oil & Gas,” he adds. “With Hill's appointment, we will expand our footprint and impact as a global provider to this dynamic and demanding industry.”
Hill joined the GAC Group in 1984 and held marketing and business development roles in ......read more
High-tech equipment manufacturer achieves new, record efficiency for its CIGS modules on mass production line in Schwäbisch Hall
Impressive transfer of the 21.7% world record for laboratory cells of technology partner ZSW Stuttgart to mass production
CEO Dieter Manz: 16% record efficiency in module format is an important milestone, but immense potential of CIGS technology not nearly exhausted
Dubai, May 04, 2015. With a module efficiency of 16%, Manz AG presented an impressive new record efficiency grade for CIGS thin-film solar modules at SNEC in Shanghai, the world's leading trade fair for the photovoltaics (PV) industry. In doing so, Manz is pushing forward into a new dimension and closing the efficiency gap that has previously existed when compared to multi-crystalline technology that is still prevalent today. ......read more
Doha, 19 March 2015: QNB Group has published its Kuwait Economic Insight 2015. The report examines recent developments and the outlook for Kuwait’s economy. Kuwait is well placed to withstand lower international oil prices with strong macroeconomic fundamentals and the lowest breakeven oil prices amongst the GCC countries.
According to the report, Real GDP is projected to slow in 2015 (1.0%) as the government cuts subsidies before recovering in 2016 (1.8%) and 2017 (3.3%) as major development projects get underway.
In the hydrocarbon sector, the government plans to invest USD100bn in 2015-19 on boosting production, upgrading refineries, petrochemicals and transportation—the Burgan oil project, among others, should accelerate oil production growth starting in 2017.
Non-hydrocarbons are expected ......read more
The comprehensive National Inventory System will monitor critical data on climate change to help implement effective mitigation strategies
Dubai, United Arab Emirates: After the successful delivery of UAE GHG Inventory for three consecutive years, Dubai Carbon is now cooperating with the UN Environment (UNEP) to develop a National Inventory System (NIS) for GHG Emissions in the state of ......read more
Trotec Group Germany has entered into an agreement with Vacker Group Dubai for distributing their dehumidifiers and other products in United Arab Emirate and other Middle East countries.
9 May 2015 – Vacker Dubai is excited to announce that they are now supplying international quality dehumidifiers in all of UAE, Oman, Qatar, Bahrain and Kuwait. Vacker Dubai is a distributor of The ......read more
Juno Lighting Group joins Schneider Electric’s significant market presence in the Middle East; the company’s innovative luminaires will be distributed by Lumasense
Dubai, UAE– 23 November 2014 – Schneider Electric, a global specialist in energy management with operations in more than 100 countries, today announced that it has expanded distribution of its market-leading ......read more
Aligning Cultures, Communication and Competence Key Issue in Post “Easy Oil Era” Panel Tells Delegates
Abu Dhabi, UAE – 13 November 2014 – The regional oil and gas industry needs to place Health, Safety and Environment (HSE) issues at the centre of planning during the post “easy oil” era, a distinguished panel of international experts and industry thought ......read more
Assessment Report Calls for Clear Policy and Legal Framework in GCC Region to Ensure Sustainable Deployment of Renewable Energy Projects
Abu Dhabi-UAE: 25 July, 2013 – Clear policy and legal framework with a consistent strategy will ensure sustainable deployment of the renewable energy projects across the GCC region, according to a GCC-wide study that was released today.
Titled ......read more