Features
Oil stocks to fall by Q1 end, says Falih

Saudi Arabia’s energy minister, Khalid Al Falih, said he expects global oil stocks to fall by the end of the first quarter but added that the market remained vulnerable to political and economic factors as well as speculation."We remain focused on fundamentals, I can tell you we will achieve balance between supply and demand in 2019," he told reporters.Oil stabilised after one of its biggest falls in years, but remained under pressure from oversupply and concern that a slowing global economy...



US shale firms hit the brakes

US shale producers are slamming the brakes on next year’s drilling with crude prices off 40 per cent and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier.The reversal is alarming because blistering growth in shale fields has propelled US crude output 16 per cent to about 10.9 million barrels per day for 2018, above Saudi Arabia and Russia. Production has been expected to rise 11 per cent more in 2019 as large oil firms and independents added wells this...

US drillers add oil rigs

US energy firms added oil rigs for the first time in the past three weeks despite sharp declines in...

Pemex to pay more taxes

Mexico’s new leftist president has pledged to revive the fortunes of state oil company Pemex with a...



Acciona pushes for waste to energy projects in the region

The Spanish conglomerate group is offering the region advanced conversion technologies (ACTs) to turn waste to energy,  DAVID DE LARA, country manager for Acciona Industrial, Middle East tells K S SREEKUMAR in an exclusive interviewAcciona, a Spanish conglomerate group dedicated to the development and management of infrastructure and renewable energy, is currently participating in various bidding processes for waste to energy plants in Middle East."Many agents, both public and private, have...

Schneider calls to expand training in energy sector

The United Nations Sustainable Development Goal 7, to "ensure access to affordable, reliable and...



WFES provides focal point for innovations, partnerships

The high-profile show offers a globally-prominent event performing a distinctive role as a catalyst for new thinking and exciting joint ventures, says NAJI EL HADDAD, WFES group event director, in an exclusive interview with K S SREEKUMARThe World Future Energy Summit (WFES) 2019, part of Abu Dhabi Sustainability Week hosted by Masdar in partnership with Department of Energy, Abu Dhabi, would this year see billions of dollars’ worth of deals being signed over the course of four days after the...

Iraq on path to power the green economy

With great efforts, Iraq is on the path to end the practice of flaring gas from its southern oil-...

Guiding Light campaign set to brighten off-grid communities

Following the first reveal of “Guiding Light” in Bahrain, 2,000 solar lanterns will be shipped to...

Air emission maps to help targeted mitigation measures

The report is the first comprehensive air emissions geodatabase for Abu Dhabi that will also set the...

Department of Energy backs ADSW as principal partner

DoE will sponsor various forums and conferences during the week in line with its commitment to...



Tight oil presents new set of opportunities: Minister

The shale oil revolution in the US has made available in abundance lighter oil, which in itself presents a fresh set of challenges to the industry, said Bahrain’s Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa opening the BBTC seriesThe discovery of tight oil reserves in Bahrain will present a new set of opportunities to the kingdom, said Bahrain’s Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa."What is happening in the US in the aftermath of the shale revolution will also happen here...

Reservoir simulation studies in Bahrain encouraging

Reservoir simulation studies at the Khaleej Al Bahrain basin, where the kingdom discovered some 80...



Turbine market

The global market within the prevalent trade regime has been impacted by energy optimisationPower generation segment of industrial gas turbine market in 2017 accounted for over 40 per cent of the global market share owing to growing focus toward the refurbishment of traditional steam and coal fired power stations with natural gas power generating stations.China industrial gas turbine market is poised to grow on account of favourable regulatory prospects towards the development of large-scale gas...

GE’s push to fix power turbine problem goes global

In an interview, GE gas power systems CEO Chuck Nugent played down the significance of turbine...

Clean power advances; pipelines get safer

Infrastructure expenditures should increase at both the US federal and state levels as political...



In ‘business as usual’ mode

The Sadara joint venture produces high-performance plastics and speciality chemicals that meet the needs of the growing middle class in Saudi Arabia, says its CEO Dr FAISAL AL-FAQEER in an exclusive interview with K S SREEKUMARSadara Chemical Company, a ‘game changer’ in the chemical industry, has safely and successfully completed the Creditors Reliability Test, or CRT, a monitored exercise to show the company’s financial backers that it is capable of running all its market facing plants in...

EndressHauser comes closer to customers in Saudi Arabia

The 2,700-square-metre facility houses a modern calibration centre, the only vendor-managed...

Outlook is promising for the downstream industry

Methane was once treated as a waste gas and sent to flaring, yet with foresight and wise investments...

SPARK sets off a new era of growth in Saudi Arabia

At the official ground-breaking, Saudi Arabia reiterated its commitment to creating a global energy...

Sulzer strengthens position in the Middle East

Sulzer’s solutions for processing technology proved extremely popular at Adipec 2018. Some of Sulzer...

Dynamic Energy in JV with PetroValves

PetrolValves Saudi Arabia will be set up in Dammam to manufacture various valve types including ball...

Sadara and Sadig-ILCO sign EO, PO supply deal

Under the terms of the supply agreement, Sadig-ILCO’s new PlasChem Park facility will offtake EO and...

Sadara EBITDA seen at $400m: Dow

Sadara and Veolia Middle East have signed an agreement for the construction and operation of a...




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