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ABB wins deal for Abu Dhabi crude pipeline
Power and automation technology group ABB has inked a $21m deal with EPC contractor China Petroleum Engineering & Construction Corporation (CPECC) to supply an integrated electrical system for the Abu Dhabi Crude Oil Pipeline project, Gulf News has reported. The pipeline project aims to transport an estimated 1.5 million barrels of crude oil per day to the main terminal in Fujairah in the northern emirates.
Ruwais plant deal awarded
UAE-based Takreer, an affiliate of state-run Abu Dhabi National Oil Company, has awarded South Korea's SK Engineering and Construction a $2.1bn contract to build an oil refinery in the UAE, the Associated Press has reported. The plant will be constructed in Ruwais, 250 km west of Abu Dhabi.
French firms bid for Masdar deals
The French foreign trade minister has said that French energy firms are in talks with Abu Dhabi Masdar as they 'have a lot of technologies in new energy,' Reuters has reported. Total is bidding in a consortium for a solar power plant and Air Liquide is bidding to provide industrial gas into Masdar and may co-invest in the project, Anne Marie Idrac told reporters yesterday. Masdar was set up by the Abu Dhabi government to develop sustainable and clean energy.
GE, Mitsubishi eye Oman plant deals
Oman's tender board has said that foreign and local companies including General Electric Co, Mitsubishi Corp and AES Corp are interested in bidding for two power plant projects in the Sultanate due to be tendered next month, Reuters has reported. The build, operate and finance contracts would cover the Barka phase three and Sohar phase two power plant, where the government is planning new projects worth $12bn in the industrial zone. Deadline to bid for the plants has been set to December 7, the board said.
Taqa talks to Toshiba on Areva T&D bid
Abu Dhabi National Energy Co (Taqa) and Toshiba Corp plan to enter into a joint venture for the power transmission and distribution business of French industrial conglomerate, Areva, Reuters has reported, citing two people familiar with the matter. Areva has chosen Japan's Toshiba, General Electric and French partners Alstom and Schneider Electric as possible buyers.
BP, Eni find half of gas for LNG train
State-owned Egyptian Natural Gas Holding Company has announced that British Petroleum and Italy's oil major Eni have found 2 trillion cubic feet (tcf) of gas, half of what is needed to start up a new liquefied natural gas train, Reuters has reported. 'Once the partners find economic quantities, train 2 will start ... they were supposed to find 4 tcf of gas to let this project go ahead, they found 2 (tcf)...let them bring 4. I have commitments towards contracts (exports) and domestic (demand)," Atef Abdallah Abdelhady, assistant vice chairman for production at EGAS told Reuters at an oil and gas event in Dammam.
Italian firm inks deal to develop Iraqi oil field
Iraq's oil ministry has signed an initial 20-year agreement with a consortium led by Italian energy giant Eni, the Wall Street Journal has reported. According to the deal, Eni, Italy's biggest energy company by market value, and its partners Occidental Petroleum and Korea Gas Corp. of South Korea will be paid $2 for each extra barrel of oil it extracts on top of current production at the field, but will be liable for a 35% tax on its profits. Moreover, Eni and its partners would pay the ministry $300m as a refundable five-year loan instead of paying a signature bonus.
Oman crude hits record volume on Dubai mercantile
The UAE's oil futures market, Dubai Mercantile Exchange, has reported record trading volume of its Oman Crude Oil Futures contract in October, Bloomberg has reported. October volume had exceeded the previous record of 2,421 average daily contracts set in June after the exchange said Dubai would start pricing its crude oil based on the Oman futures contract. Trading had reached a one-day record of 8,076 contracts on June 23, the DME said.
ENOC to buy Dragon Oil
Dubai's state-run refiner, Emirates National Oil (ENOC) has offered to buy the remaining 48.5% of the Dubai-based oil explorer, Dragon Oil for about £1.1bn ($1.8bn), Bloomberg has reported. ENOC already holds 51.5% of Dragon Oil, having first acquired a stake in 1998.
Oman issues tender for steam and power plant
Three tenders have been floated by Oman's state-run Petroleum Development Oman (PDO) for the construction of steam production facilities and a power plant in the south of the country, Reuters has reported. The first contract on offer is for the construction of processing facilities for feed water, steam, oil and gas along with their associated utilities, while the second includes the installation of aquifer pumps and pipelines, PDO said. The third contract involves the phase 3 construction of a power station and the supply of the associated electrical generation units at Qarm Alam field.
GE wins Qatargas pipeline integrity deal
GE Oil & Gas has been awarded a multi-million dollar, six-year contract to supply advanced pipeline integrity management services to Qatargas. The contract is to improve the monitoring and maintenance of the company's liquid natural gas (LNG) network. Under the agreement, GE will build and deploy a custom pipeline integrity management system to drive Qatargas' overall integrity management processes.
Qatar Kentz wins Laffan contract
Qatar Kentz has won a multi-million dollar turnkey engineering, procurement and construction with Laffan Refinery in Qatar. The contract is for a receiving and loading facility, which will be built at the Ras Laffan Industrial City. The project includes developing a new automated gantry facility to load diesel products into up to eight road tankers simultaneously, as well as transferring by pipeline to the Ras Laffan Port area. The commercial structure will be based on several shareholder companies owning a share of the asset, but maintenance and operation of the facility will be managed by Woqod.
Qatar expected to supply full crude allocations
At least two Asian term buyers have been notified by Qatar that it will supply crude oil at full contracted volumes for December, Gulf Times has reported. Qatar will supply its Marine and Land crudes at full contracted volumes for December, steady from the previous month.
Kuwaiti oil exports to Japan rise
Kuwait is now the fourth-biggest crude supplier to Japan, supplying 345,000 barrels per day and overtaking Iran. Kuwait provided 10.5% of Japan's crude oil in September, compared with 8.5% in the same month of 2008 and 8% in August. Kuwait's largest oil buyer, it is the first time since April that its share has gone above 10% in the Japanese market. Saudi Arabia remains Japan's biggest oil supplier, with imports up 0.2% from a year earlier to 29.38 million barrels over the month, followed by the UAE with 21.61 million barrels, down 27.9%. Qatar is Japan's third biggest oil supplier, with shipments down 29.2% to 10.39 million barrels during September.
Adnoc to raise output in December
The Abu Dhabi National Oil Company (ADNOC) has announced plans to raise exports from two big offshore oilfields in December, The National has reported. The move is seen as indication of Adnoc's intention to increase crude output before the next OPEC meeting.
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