May 22, 2019

Al Maghdri appointed Maha Petroleum CEO

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....

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May 21, 2019

Asian oil prices jump over Middle East tensions

Amman, May 20 (Petra) - Asian oil prices rose on Monday following tensions in the Middle East and Saudi consensus to maintain production cuts to 'gently' reduce inventories.

The U.S. crude jumped 90 cents fetching $63.66 a barrel, while Brent crude at $73.27 per barrel....

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May 15, 2019

Oil jumps 2% after drone attack on Aramco facilities


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,"...

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May 13, 2019

Pearl Initiative partners with ENOC

The Pearl Initiative (PI), an independent non-profit organisation promoting a corporate culture of accountability in the Gulf Region, has signed a Memorandum of Engagement (MoE) with ENOC Group highlighting its commitment to enhancing corporate responsibility and transparency in the region....

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May 13, 2019

Siemens cheers investors with gas turbine unit spin-off...

Siemens cheered investors by saying it would spin off its faltering 30 billion euro ($34 billion) gas turbines business and posting better-than-expected quarterly earnings.

The German engineering company said it would hand over to existing investors shares in the Gas and Power"...

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May 12, 2019

Sewa kicks off operations at 2 new power stations

Sharjah Electricity and Water Authority (Sewa) has announced the completion and operation of two new power distribution stations, 33/11 KV, in Kalba city in Al Saf 2 and University district.

It also announced a number of maintenance and network development projects to provide"...

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May 8, 2019

YPC: Two ships carrying 31,869 tons of diesel, gasoline...

SANAA, May 7 (Saba) - The Yemen Petroleum company (YPC) said Tuesday that two ships arrived at the port of Hodeidah, carrying 31,869 tons of diesel and gasoline.

The two ships arrived on Monday after they have been held by the US-saudi aggression coalition the company said"...

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May 7, 2019

Baru Applauds Total on Egina FPSO

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Maikanti Baru, has commended Total Group for delivering Egina Floating Production Storage and Offloading (FPSO) vessel below the budget of $14.9 billion, as against the $16 billion budget forecast.

The"...

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May 7, 2019

ExxonMobil Provides $100,000 to Support Relief Efforts in...

(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.......

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May 5, 2019

Power production up by 8.9 pc

MUSCAT: The Sultanate’s total electricity production until the end of February 2019 rose by 8.9 per cent to reach 4.375.9 GW per hour compared to the same period last year, when the total production was 4.019.8 GW per hour. Meanwhile, water production till the end of February 2019"...

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