June 18, 2013
Denham Capital, a leading energy-focused global private equity firm, announced the formation of Endeavor Energy today. Denham is seeding the enterprise with an initial commitment of $100 million from its $3 billion Fund VI raised in 2012 and will obtain co-investment from other financial investors and project level equity partners in the future. The financial strength of Denham allows Endeavor Energy to simultaneously pursue multiple projects across Africa.
The new company will invest in thermal (natural gas-fired and other technologies) and hydroelectric power projects"...Continue Reading >
June 12, 2013
Afton Chemical is excited to introduce Microbotz™, heroes of protection and performance for our Industrial lubricant additive Portfolio.
The world of Industrial lubricants is complex with a multitude of products serving an ever-growing and diverse range of end-use industries, with frequent overlap between products and applications.
Afton Chemical’s new global marketing campaign seeks to make life easier for"...Continue Reading >
June 4, 2013
Stallion Oilfield Holdings, Inc. (the “Company”) announces today that it is seeking commitments for a new senior secured term loan in an aggregate principal amount of up to $350,000,000 (the “Term Loan”) and an increase of commitments under its existing asset-backed loan facility (“ABL”) from $50 million to $65 million. The proceeds from the Term Loan are intended to be used to redeem the remaining $134 million of the Company’s senior secured notes due 2015, fund a portion of an approximately $217 million dividend to the Company’s stockholders, and fund transaction costs and for other corporate purposes.
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May 30, 2013
The expansion is integrated with the existing petrochemical plant. Over the next few weeks, the petrochemical complex, powered by a 375-megawatt cogeneration plant, will increase production at its three polyethylene plants, two polypropylene plants, a specialty metallocene elastomers unit and the expanded oxo-alcohol and aromatics units.
"This expansion gives"......Continue Reading >
May 28, 2013
QP won the award for "Best Supplier Relationship Management" in the Middle East and the North Africa region, and the award was received by Mr. Abdulrahman Yousef Abdulla Ahmed, QP's Purchasing Manager. Additionally, QP was also a finalist in two other award categories for "Best People Development Initiative" and "Best Contribution to the Reputation of the Procurement Profession."
During the ceremony, which was held at the InterContinental Dubai - Festival City Hotel, CIPS (UK) President Mrs. Paula Gildert praised QP for its collaborative supplier development efforts and long-term supplier partnerships to increase the efficiency and effectiveness of the supply chain, thus meeting the demands of oil and gas production activities.
Mr. Ahmed Abdul Rahman Al-Mulla, Corporate Purchasing...
May 23, 2013
Submissions to this year's edition are open until5 August for all five categories of the Prize including large corporations, small and medium enterprises (SME), non-governmental organizations (NGO), individual lifetime achievement and global high schools.
Last year, the Prize received 54 submissions from Africa. The Kirya Secondary School in Tanzania emerged as winners of the US$100,000 Global High Schools Prize for the Africa region.
Dr Sultan Ahmed Al Jaber, Director of the Zayed Future Energy Prize, said: "Africa represents large growth potential in the renewable energy sector, and is consequently a key outreach market for the Prize. The continent's estimated population is expected to double by 2050. This would make it imperative for total energy production to grow exponentially...
May 21, 2013
Enclosed Trough system uses the sun’s energy to produce steam for thermal EOR; exceeded contracted performance by 10 percent in first test
Petroleum Development Oman (PDO), the largest producer of oil and gas in Oman, and GlassPoint Solar, the global leader in solar enhanced oil recovery, today announced the successful commissioning of the Middle East’s first solar enhanced oil recovery (EOR) project. By harnessing the sun’s energy with GlassPoint’s Enclosed"......Continue Reading >
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