| oil and gas |
Bahrain’s Bapco completes multibillion-dollar financing
May 20, 2019
DUBAI: State-run Bahrain Petroleum Co. (Bapco) has completed a multibillion-dollar financing aimed at expanding its refining capacity to 380,000 barrels per day (bpd) from 267,000 bpd.
Bahrain, a small non-OPEC Gulf oil producer with around 124.6 million barrels of proven reserves, gets its oil revenue from two fields: the onshore Bahrain field, and the offshore Abu Safah field, which is shared with Saudi Arabia.
Around 88 percent of the crude that Bapco refines comes from neighboring Saudi Arabia, and the rest"...
Siemens set to spin off power, gas units, mulls 2020 listing
May 12, 2019
German engineering giant Siemens plans to spin off its struggling gas and power unit to prepare it for a potential stock market listing next year. Meanwhile, Siemens will also cut over 10,000 jobs at its core divisions in a sweeping overhaul, reported Bloomberg. The division to be carved out comprises its oil and gas, conventional power generation, power transmission"...
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......
Electricity Minister receives Italian envoy
May 6, 2019
Manama, May 5 (BNA): Electricity and Water Affairs Minister Dr. Abdulhussein Mirza received Italian Ambassador, Domenico Pilato, and praised the strong relations between the two friendly countries in the fields of electricity, water and renewable energy. Dr. Mirza and the ambassador reviewed the most important current and future projects and investment opportunities"...
Proposal to set up Sustainable Energy Society discussed
May 4, 2019
Manama, May 3 (BNA): Electricity and Water Affairs Minister Dr. Abdulhussain Mirza received a group of engineers who suggested the idea of establishing a Bahraini Society for Sustainable Energy. The society aims at introducing the benefits of renewable energy applications and energy efficiency programmes and publishing studies and research in the field. "...
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,"...
Tatweer signs cooperation deal with Total
May 1, 2019
Shaikh Mohamed bin Khalifa bin Ahmed Al Khalifa, Oil Minister and Chairman of Tatweer Petroleum has signed a Memorandum of Understanding (MoU) between Tatweer Petroleum– Bahrain Field Development Company and Total E&P Activités Pétrolières to cooperate in progressing oil and gas exploration opportunities, knowledge-sharing and the supply of Liquefied Natural Gas (LNG) to the Kingdom of Bahrain. The signing took place"...
CSB, Bapco exchange expertise
April 29, 2019
Manama, Apr. 28 (BNA): A delegation from the Civil Service Bureau (CSB) headed by the Director General of the Organization and Position Budgeting Jamal Abdulaziz Al-Alawi visited Bahrain Petroleum Company (Bapco). The visit comes within the framework of benefiting and exchanging experiences between the departments of the sector and the company in the field of studying"...
Noga to sign commercial deal with Italian firm
April 28, 2019
Bahrain has reached an agreement with the Italian multinational oil and gas ENI company to develop the northern concession 1. The National Oil and Gas Authority (Noga) will sign the commercial deals with the Italian firm, said Oil Minister Shaikh Mohammed bin Khalifa Al-Khalifa, adding that a draft law would be referred to the Council of Representatives and the Shura Council to be endorsed. The"...
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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