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| OIL AND GAS |
Palestine’s first solar power station getting ready to produce electricity
May 25, 2019
(WAFA) – Palestine’s first ever solar power station is getting ready to produce 7.5 megawatt (MW) of electricity setting the ground for the construction of many other solar power stations throughout Palestine. The Noor (light) Jericho Photovoltaic (PV) Solar Park, the largest so far solar park in Palestine built on a 100-dunum plot of land in the wilderness of Nuwimeh, Jericho, was established by Massader, a company of Palestine Investment"...
Al Maghdri appointed Maha Petroleum CEO
May 22, 2019
Muscat: Eng. Hamed bin Salim bin Hamed Al Maghdri has been appointed the Chief Executive Officer of Al Maha Petroleum Products Marketing Company SAOG by the firm’s Board of Directors.
The appointment is effective from July 1, 2019, the Board of Directors announced.
Eng. Hamed Al Maghdri held numerous leading positions during his 20 years career.
His last job was the Group CEO for Oman Energy, South Asia, Middle East & Africa Engie. ...
Oil jumps 2% after drone attack on Aramco facilities
May 15, 2019
Oil prices rose nearly 2% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
Brent futures were up $1.21, or 1.7 percent, at $71.44 a barrel, while US West Texas Intermediate crude was up 87 cents, or 1.4 percent, to $61.91 per barrel.
Saudi Arabia said armed drones had struck two oil pumping stations in the kingdom on Tuesday in what it called a “cowardly” act"...
Initial digging results show potential for increased gas production at Risha Field
May 8, 2019
AMMAN — Initial digging results at Well 48 in the Risha Field, eastern Jordan, show potential for increased production, the National Petroleum Company (NPC) announced on Tuesday. Final results will be announced in May after a conclusive comprehensive assessment of the well is completed, according to an NPC statement. The company said that it had finished digging"...
ExxonMobil Provides $100,000 to Support Relief Efforts in Mozambique Following Cyclone Kenneth
May 7, 2019
(AETOS Wire)-- ExxonMobil said today that it is providing $100,000 to support disaster relief and recovery efforts in Mozambique following Cyclone Kenneth, which made landfall on April 25. The $100,000 contribution will go to the American Red Cross, which will coordinate its assistance with the Mozambique government’s National Disasters Management Institute in support of ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. “We are deeply saddened by the impact of Cyclone Kenneth on Mozambique and surrounding countries,” said Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company. “The devastation from cyclones Idai and now Kenneth have been widespread, and this funding will help provide relief during a very difficult time. Our thoughts are with everyone affected.” ExxonMobil employees and contractors have been reported safe following the cyclone. Since Cyclone Idai, ExxonMobil has contributed more than $400,000 in support of recovery efforts in Mozambique. In Mozambique, ExxonMobil holds......
Eni Signs Upstream Contract in Bahrain
May 2, 2019
Italian multinational oil and gas company Eni has signed an exploration and production-sharing agreement (EPSA) with the National Oil and Gas Authority of Bahrain (NOGA) for Block 1.
The signing took place in the presence of Sheik Mohamed Bin Khalifa Al Khalifa, Minister of Oil of Bahrain and Chairman of the board of directors in NOGA, and Claudio Descalzi, Chief Executive Officer of Eni.
Under the terms of the agreement, Eni will pursue exploration activities in the offshore area of over 2,800 km2,"...
Total targets expansion in retail power market
April 29, 2019
PARIS: Oil major Total is picking up about 150,000 retail energy customers a month in France and is on course to hit its 2022 target for the business ahead of schedule, company executives said. The French energy group is looking to broaden its revenue streams with expansion in a retail power and gas market in which demand is shifting to low-carbon energy from more polluting fossil fuels. Total has said it plans to invest between $1.5 billion and $2 billion a year on low-carbon electricity. Rival Royal Dutch Shell, which is"...
The Smarter E Europe – Explore Sector Coupling for Yourself at Europe’s Largest Platform for the Energy Industry
April 26, 2019
(AETOS Wire)-- The innovation hub The smarter E Europe, encompassing the exhibitions Intersolar Europe, ees Europe, Power2Drive Europe and EM-Power, was launched in 2018 and has seen impressive growth ever since. It will be held for the second time from May 15–17, 2019 at Messe München and will now cover 10 exhibition halls, making it Europe’s largest energy industry event. This growth is"...
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