Main Update Highlights from entire month of June, 2013
Majid Al Futtaim earmarks Dh3b for Dubai expansion ‐ Majid Al Futtaim Holding has charted a
Dh3 billion expansion plan to extend and enhance its Dubai businesses over the next five years to meet
the future demand of customers.
Dubai records significant growth in all key sectors ‐ in 2012 and the emirate will continue to maintain its
position as a regional and global hub for business and finance, according to a latest report from the
Dubai Economic Council, or DEC.
Abu Dhabi records 7.7% growth on high oil prices ‐ Abu Dhabi grew 7.7 per cent year on year in
2012, on higher oil prices. “The flexibility of Abu Dhabi economy combined with the huge financial
surpluses, strong growth in non‐oil sectors, high oil prices, along with several other significant factors
have all contributed to the stability and sustained growth of the local economy,” said Statistics Centre –
Abu Dhabi, or Scad.
ADMA‐OPCO inks Dh2.8b EPC deal ‐ Abu Dhabi has awarded a mega contract to expand its oil
output from off‐ shore Umm Lulu fields. Abu Dhabi Marine Operating Company or Adma‐Opco has
United Arab Emirates
signed Dh2.8 billion Engineering, Procurement and Construction, or EPC, contract for Umm Lulu (UL) full
field development project package‐1 with the National Petroleum Construction Company, or NPCC.
ADNOC and OMV to explore eastern Abu Dhabi ‐ ADNOC and OMV East Abu Dhabi Exploration
which is part of the Austrian oil and gas company OMV, signed an exploration agreement on Sunday to
pursue exploration for oil and gas in the Eastern region of Abu Dhabi.
UAE yard to make pipelines for Aussie LNG venture ‐ US engineering firm CB&I announced its
manufacturing facility in the UAE will be carrying out pipe fabrication work for an unnamed major
liquefied natural gas (LNG) project in Australia. The contract is worth in excess of US$40 million.
NPCC wins $766mn Umm Lulu contract ‐ Abu Dhabi Marine Operating Company (ADMA‐OPCO)
has awarded the Abu Dhabi‐owned National Petroleum Construction Company (NPCC) a US$766 million
EPC contract for the Umm Lulu field development project.
Petromin launches new fully synthetic high performance auto oil.
Contractors to bid for water contract at Abu Dhabi nuclear project ‐ Work will involve building a
sea water bypass pump house at the Baraka nuclear project
Polysys approves design for Abu Dhabi polymer additive plant ‐ Joint venture with South Korea’s
Songwon to build plant and to supply region’s polyolefins sector
Exxon mobil has launched Mobil DTE 932 GT, a high‐performance oil intended to help improve
the reliability and power output of gas turbines. Mobil DTE 932 GT is part of the company’s range of
lubricants and services specifically designed to help power operators improve the safety and
productivity of their operations. Exxon mobil offers a range of high‐quality lubricants — including the
Mobil DTE 932 GT gas turbine oil and the Mobil SHC Pegasus natural gas engine oil — alongside its
proprietary online oil analysis service, Signum Oil Analysis. The Mobil DTE 932 GT oil is designed to limit
varnish formation in gas turbine power systems. During testing, Mobil DTE 932 GT was shown to deliver
performance benefits such as high‐temperature performance, good deposit control and excellent foam
control and air release. Mobil DTE 932 GT meets or exceeds the standards set for General Electric (GE)
frame 3,5,6,7 and 9 turbines. The Mobil SHC Pegasus oil has been approved for use in GE Waukesha APG
1000 engines. Mobil SHC Pegasus has the potential to reduce fuel consumption by up to 1.5 per cent
and to increase oil drain intervals from four to eight times that of conventional gas engine oils. The
Signum Oil Analysis service enables operators to proactively monitor the condition of lubricants and to
address conditions that have the potential to lead to unscheduled downtime and increased costs.
Fujairah terminal to get the green light ‐ New storage terminal is due to be commissioned at the
end of this month. Horizon Terminals Limited (HTL) has announced its new $100 million oil terminal in
Fujairah will be commissioned at the end of the month. The terminal will have a storage capacity of over
240,000 cubic metres and will be HTL’s second project in the emirate.
Cockett moves office in Dubai ‐ Cockett Marine Oil relocates to new premises at Jumeirah Lakes
Sources: GulfNews, Meed, KhaleejTimes, Oil & Gas Magazines and Newspapers