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| oil and gas |
Woodside expects Qatar to target new LNG buyers with supply wave
August 17, 2017
Woodside Petroleum, Australia’s largest liquefied natural gas producer, expects rival Qatar to target the emerging markets of India and Pakistan with a new wave of supply next decade and not cannibalize traditional Asian buyers. The Gulf nation plans to boost annual LNG production to 100 million metric tons by 2024 from 77 million tons now, Saad Sherida Al Kaabi, CEO of state-owned Qatar Petroleum, said in June. That’ll be soaked up"...
Schlumberger Announces Third-Quarter 2017 Results Conference Call
August 17, 2017
Schlumberger Limited (NYSE:SLB) will hold a conference call on October 20, 2017 to discuss the results for the third quarter ending September 30, 2017. The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference"...
Thailand Receives First LNG Delivery from Qatar
August 14, 2017
Qatargas has delivered its first cargo of LNG to Thailand on the Q-Max vessel Bu Samra. Q-Max vessels can carry up to 266,000 cubic meters of LNG and are 80 percent larger than conventional LNG vessels. The LNG was delivered to PTT Company at Thailand’s Map Ta Phut LNG receiving terminal on August 5. Bu Samra was the first Q-Max vessel to arrive at Map Ta Phut terminal"...
Qatar Fuel H1 net profit falls 31pc to $102.45m
August 14, 2017
Qatar Fuel (Woqod) posted a net profit of QR373 million ($102.45 million) in the first half of this year, compared to QR540 million for the same period in 2016, a decrease of 31 per cent.
The main reasons for the decrease in earnings have been attributed to the change in the new terms for fuel supplies to Woqod and its customers, and to the increase in the National Pension Funds contributions as per the current legislation as well as the decline in the value of investment in shares, the company said.
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QFFD-funded power project in Sudan nearing completion
August 13, 2017
The Atbara-Abu Hamad power transmission line project, funded by Qatar Fund For Development (QFFD), in the River Nile State of Sudan has entered its final stages and is expected to open soon.
QFFD said in a statement that the $218mn project reflects the concept of economic integration through the implementation of development projects that contribute to the advancement of economic and social development.
The project is designed to provide continuous electricity to residential, industrial, agricultural and mining"...
Fluor’s Phosphate Megaproject in Saudi Arabia Begins Production
August 11, 2017
Fluor Corporation (NYSE: FLR) announced today that the Ma’aden Wa’ad Al-Shamal Phosphate Company’s (MWSPC) Umm Wu’al Phosphate Project in Saudi Arabia has started production of ammonia, merchant-grade acid and fertilizer. Fluor is providing overall program management services for this $8 billion megaproject, in addition to engineering, procurement and operations and readiness services for various scopes. “As part of Saudi Arabia’s Vision 2030, this world-class project will have a long-lasting impact on the region, as it diversifies the country’s economy and creates local job opportunities for citizens,” said Tony Morgan, president of Fluor’s Mining and Metals business. “After less than four years from the start of the execution phase, we are proud to have partnered with Ma’aden to bring this facility to production. We look......
Inteva Products Receives International Innovation Award for Structurally Integrated Panoramic Sliding Sunroof
August 1, 2017
(ME NewsWire)-- Inteva Products, LLC, a leading global Tier One automotive supplier of engineered components and systems, received its second consecutive innovation award in the annual Innovation Awards program sponsored by the European Association of Automotive Suppliers (CLEPA). This year’s recognition was for Inteva’s structurally integrated panoramic sliding sunroof developed in cooperation with Daimler for the Mercedes-Benz GLE Coupe. The"...
Versum Materials and NuMat Technologies to Commercialize Next-Generation Adsorbent Technology for Delivery of Dopant Gases
August 1, 2017
(ME NewsWire)-- Versum Materials, Inc. (NYSE: VSM), a leading global materials supplier to the semiconductor industry, and NuMat Technologies, a pioneer in the design and integration of atomically-engineered materials into gas delivery, separation and purification systems, today announced a global, commercial agreement to offer a new line of products for the safe storage and delivery of dopant gases such as arsine, phosphine and boron trifluoride. The new product line is called ION-X® and is based on revolutionary Metal Organic Frameworks (MOFs), which can selectively adsorb, store and safely deliver ultrahigh purity gases at sub-atmospheric pressures. ION-X® offers performance advantages over traditional carbon-based adsorbent technology used in the ion implant processes for the manufacture of semiconductor devices. Jim Minicucci, general manager for Versum's Process Materials, Asia commented, 'NuMat and Versum are combining their respective leadership positions, with NuMat manufacturing the proprietary MOFs and Versum harnessing its world-class global......
North Field gas keeps Qatar crisis stalemated: Fuel for Thought
July 31, 2017
The world’s largest gas field is at the nexus of a political stalemate between Qatar and three of its immediate Arab neighbors in the Persian Gulf region—Saudi Arabia, Bahrain and the UAE, along with Saudi ally Egypt. Qatar’s huge offshore gas and condensate field, known in that country as North Field, straddles its maritime border with Iran, which calls the field South Pars. Together, the two sides of the field contain as much"...
Sagemcom Announces the Acquisition of Meter Italia S.p.A.
July 30, 2017
(ME NewsWire)-- SAGEMCOM STRENGTHENS ITS POSITIONS ON THE MULTI-ENERGY MARKET, BY ACQUIRING METER ITALIA S.P.A, LEADER IN GAS METERING IN ITALY. As of July 27, 2017, Sagemcom becomes a 100% shareholder of Meter Italia S.p.A through its subsidiary Sagemcom Energy & Telecom SAS. Meter Italia joins the Sagemcom group and becomes Sagemcom Italia S.p.A. This"...
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