OIL AND GAS

Jordan International Energy Summit to highlight challenges and solutionsMay 4, 2016

The Jordanian Prime Minister, Dr. Abdullah Ensour, will open the second Jordan International Energy Summit (JIES), taking place on 16-17 May 2016 at the Four Seasons Hotel, Amman, Jordan.


The Prime Minister is set to lead the conference programme, which will combine insights into the role that Jordan plays as a primary"...

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Schlumberger Announces Second-Quarter 2016 Results Conference CallMay 3, 2016

Schlumberger Limited (NYSE:SLB) will hold a conference call on July 22, 2016 to discuss results for the second quarter ending June 30, 2016.


The conference call is scheduled to begin at 7:00 am (US Central time), 8:00 am (US Eastern time) and 1:00 pm (London time). Until further notice, Schlumberger quarterly earnings calls will occur at this time. A press release regarding"...

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KACO new energy opens new subsidiary in Jordan.April 30, 2016

KACO new energy is celebrating the opening of a new subsidiary in Jordan. The Neckarsulm-based inverter specialist thus continues on its international growth course. This new representation in Amman strengthens the company’s regional presence and expands on the spectrum of services in the Middle East.


Amman / Neckarsulm, 29. April 2016 - KACO new energy is celebrating the opening of a new subsidiary in Jordan. The Neckarsulm-based inverter specialist thus continues on its international growth course. This new"...

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Commodity Prices and Energy Transition Top 2016 World Energy Congress ProgrammeApril 27, 2016

  • Key sessions include speeches from CEOs of Shell and Saudi Aramco, OPEC and UNFCCC leaders and a welcoming address from the President of Turkey
  • 4 day programme covers key issues such as the global commodity price storm, innovative business models, energy storage, and Ministerial dialogues addressing the grand transition and regional integration
  • Fourth day of the Congress opens with a powerful line up of African energy leaders, looking to securing a sustainable energy future for Africa
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Aqaba gas terminal to save JOD600mln by yearendApril 25, 2016

A liquefied natural gas (LNG) terminal in the Red Sea port of Aqaba (330KM south) is expected to save a staggering JOD600 million by the end of the current year, according to Director-General of the National Electricity Company, Abdul Fattah Daradkah.

The Sheikh Sabah Al Ahmad Terminal was inaugurated in July last year and serves as a strategic storage facility supplying LNG to electric power generation stations across the Kingdom.

Daradkah also said an additional 500 megawatts of electric power from clean sources (solar and wind) will be added to the national grid by the end of...

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Oil climbs to five-month high as traders see market rebalancingApril 24, 2016

Mark Shenk and Angelina Rascouet Oil advanced to a five-month high as declining U.S. crude production provided more evidence that the market is rebalancing. Futures rose 1.3 percent in New York, bringing this week’s gains to 8.3 percent. U.S. crude output dropped a sixth week, while production in Colombia fell last month. Lower prices have curbed investment in new fields. Schlumberger Ltd. cut more jobs in the first quarter as the world’s largest provider of oilfield services sees the industry in an unprecedented downturn. "What we’re hearing from the oil services companies is...

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Cyviz Opens New Experience Center in RiyadhApril 22, 2016

Cyviz, a global leader in high-performance meeting room, data visualization, collaboration, and command & control systems, announced that it has opened a Cyviz Experience Center (CEC) in Riyadh, Saudi Arabia. The Riyadh CEC contains the latest state-of-the-art technology in visual collaboration from Cyviz. The new office is part of the company’s global expansion, and joins the existing CECs located in Beijing, Dubai, Houston, Singapore, Stavanger, and Washington DC.


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'Electric, hybrid taxis to charge 25% less than gasoline cars'April 18, 2016

Electric and hybrid taxis offering rides on the country's streets will charge fares that are at least 25 per cent less than gasoline run-taxis, according to Noor Jordan for Transport -- Taxi Moumayaz, the first company to introduce electric taxis in the country.

"We have already replaced 400 gasoline-run taxis with 100 electric vehicles and 300 hybrid vehicles, and the new cabs are already operating," Eid Abu Al Haj, chairman of the company, said Sunday.


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First phase of solar panel project for homes concludes April 17, 2016

Energy Minister Ibrahim Saif on Saturday announced the completion of the first stage of a programme to install solar panels at houses in the Kingdom's northern region, which will be extended later to the rest of Jordan.


The project, executed in partnership with Mercy Corps and 10 local associations, includes installing solar panel systems on the rooftops of some 500 houses around Mafraq, Irbid, Jerash, Ajloun and the Jordan Valley, said the minister, according to the Jordan News Agency, Petra.

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Jordan still interested in Gaza gas, seeking deal with ShellApril 14, 2016

Jordan will renegotiate a deal with British Gas Group to import natural gas from Gaza Strip after Shell acquired the company, according to a government official. “Following Shell›s acquisition of British Gas Group, we plan to have meetings with Shell to revive the agreement,” secretary general of the Energy and Minerals Regulatory Commission (EMRC), Farouq Hiari, told The Jordan Times. “This agreement is very important to us, a priority. Therefore, we want to discuss with Shell how we can revive it,” the official added. “We need to figure out whether this agreement...

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