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| oil and gas |
Qatar announces launch of $10bn Energy Bank
March 20, 2019
Doha: Qatar yesterday announced the launch the world’s largest Shariah-compliant ‘Energy Bank’ with a targeted capital of $10bn (QR36.41bn) to finance local as well as overseas energy projects. This was announced at a press conference held on the sidelines of the 5th edition of the Doha Islamic Finance Conference, by Khaled Al Suwaidi, the Chairman of the Founding Committee of the anticipated biggest energy sector dedicated lender"...
ExxonMobil Provides $300,000 to Support Relief Efforts in Mozambique Following Cyclone Idai
March 20, 2019
(AETOS Wire)-- ExxonMobil said today that it is providing $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone Idai, which made landfall on March 14. Of this amount, $250,000 will be contributed to the American Red Cross for ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. ExxonMobil’s affiliate ExxonMobil Moçambique Limitada will contribute another $50,000 to organizations operating in Mozambique that are assisting the government with disaster relief efforts. “We are deeply saddened by the impact of Cyclone Idai on Mozambique and surrounding countries,” said Darren W. Woods, ExxonMobil chairman and chief executive officer. “The devastation has been widespread, and this funding will help provide relief during a difficult time. Our thoughts are with everyone affected.”......
QP signs pact with Eni to acquire 25.5% stake in Mozambique exploration block
March 12, 2019
Qatar Petroleum (QP) has entered into an agreement with Italy’s Eni to acquire a 25.5 percent participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique, the company announced in a statement on Monday.
The agreement is subject to customary regulatory approvals by the government of Mozambique.
Following pprovals, the partners holding participating interest in the block will be affiliates of each of Eni (operator) with a 34 percent participating interest, Empresa Nacional"...
‘GIS building capabilities to cash in on Qatar’s oil, gas sector expansion’
March 11, 2019
Doha
Gulf International Services (GIS) has started building capabilities of its drilling and aviation subsidiaries to capture business opportunities arising from expansion activities in the country’s oil and gas sector, the company’s top official said on Sunday.
Addressing shareholders during the company’s annual general assembly meeting, GIS Chairman Khalid bin Khalifa al Thani said, “Given that our strategy rollout is in full swing, the future performance of GIS in the medium and long"...
QR11bn Umm Al-Houl Power project to be inaugurated soon
March 7, 2019
Amir H H Sheikh Tamim bin Hamad Al Thani will soon inaugurate the QR11bn Umm Al-Houl Power project, which is one of the largest desalination and power generation plants in the region, Minister of Energy Affairs and Chairman of Qatar Electricity and Water Company (QEWC) H E Saad Bin Sherida Al Kaabi said here yesterday. Addressing the QEWC General Assembly meeting, the Minister said the project which was commissioned last summer will generate a daily"...
Qatar Petroleum launches its new Code of Conduct
March 7, 2019
DOHA
Minister of State for Energy Affairs, President and CEO of Qatar Petroleum (QP), HE Saad Sherida al Kaabi has launched the new QP Code of Conduct.
The launch was part of the Ethical Leadership Conference, called ‘Hawiyyatna’ (our identity), in Doha, QP said in a statement on Wednesday.
The new QP Code of Conduct, which was developed according to international best practices, is an inclusive and principles-based document. It outlines expectations and describes a set of consistent behaviours"...
Qatargas supplies commissioning LNG cargo to India’s Ennore
March 4, 2019
Doha
Qatargas has supplied a commissioning liquefied natural gas (LNG) cargo to India’s newest LNG receiving terminal in Ennore, near the south Indian city of Chennai, the company said in a statement on Sunday.
Qatargas said the commissioning LNG cargo was delivered onboard the vessel ‘Golar Snow’ on February 25 by the Swiss commodity trader, Gunvor, to the state-owned Indian Oil Corporation Limited (IOCL), which owns and operates the 5 million tonnes per annum (MTPA) terminal.
Qatargas"...
Qatar Petroleum and ExxonMobil make a significant gas discovery in Cyprus
March 2, 2019
Doha: Qatar Petroleum and ExxonMobil announced that they have made a significant natural gas discovery on the Glaucus-1 prospect, located in Block 10 in the Eastern Mediterranean, approximately 180 kilometers south west from Limassol port, offshore Cyprus. The Glaucus-1 well encountered approximately 133 meters of gas-bearing reservoir. The well was safely drilled to a depth of approximately 4,200 meters in a water depth of 2,063 meters. Based on"...
China Driving eSIM Adoption Says New GSMA Report
February 28, 2019
(AETOS Wire)-- The GSMA today announced the release of a new report highlighting the significant progress made by Chinese mobile operators, vendors and manufacturers in adopting Remote SIM Provisioning and eSIM technologies. The in-depth report which is titled “eSIM in China: the road ahead” and was prepared by GSMA Intelligence in partnership with the Telecommunication Terminal Industry Forum Association (TAF), draws on fresh insights from China’s three mobile operators – China Mobile, China Telecom and China Unicom – as well other companies from the wider mobile ecosystem1 and highlights developments particularly in the consumer electronics and IoT sectors. “In China and around the world, the huge adoption of eSIM technologies has been underpinned by the GSMA’s common and interoperable specification that is reducing fragmentation and delivering......
ABB Strategy Update: Shaping a Leader Focused in Digital Industries
February 28, 2019
- New ABB: focus, simplify, lead
- Focused portfolio: Divestment of Power Grids to Hitachi well on track
- Simplified structure: New operating model “ABB-OS™” for enhanced customer focus, agility
and profitability; %$500 million annual savings - Four new leading businesses, #1 or #2 in their respective markets, effective April 1, 2019 with
new medium-term business operational EBITA margin target corridors of: - Electrification: 15-19 percent
- Industrial Automation: 12-16 percent
- Motion: 14-18 percent
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