New base energy news issue 835 dated 21 april 2016

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NewBase Energy News 21 April 2016 - Issue No. 835 Edited & Produced by: Khaled Al Awadi

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Oil Producers Saw $32 Billion Boost Before Doha Freeze Talks Bloomberg - Dan Murtaugh

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Even if oil producers didn’t seal the output freeze deal they hoped would stabilize the market, they saw revenues soar in the run up to the failed meeting last weekend in Doha.

The 29 percent advance in prices since word first leaked that Saudi Arabia and Russia were considering capping output boosted the value of global oil production by $32 billion before talks ended without an agreement Sunday, according to data compiled by Bloomberg. Oil also gained during that period as output in countries including the U.S. fell amid spending cuts, whilepipeline failures in places like Nigeria and Iraq also limited supplies.




Brent oil gained about $10 a barrel to about $43 in the two months leading up to the Doha talks. The deal ultimately collapsed after Saudi Arabia refused to take part without Iran, which wants to increase production after emerging from years of sanctions. It was unclear whether a freeze would have had any impact on market fundamentals anyway, as countries were suggesting they cap output at record levels of production.

The price hike added about $3.7 billion to the value of Russia’s oil production, and another $3.3 billion for Saudi Arabia, based on Bloomberg calculations using production estimates from the International Energy Agency.

Even countries that didn’t get involved in the freeze talks benefited. U.S. oil saw an extra $3 billion during the two-month span, while Canada got a $1.5 billion boost. forts to reach an agreement to freeze production are ongoing.

Major producers within and outside of the Organization of Petroleum Exporting Countries may meet in Russia as soon as next month, Iraq’s Deputy Oil Minister Fayyad Al-Nima said in a phone interview Wednesday. There is still no agreement on a meeting in May, Russian Energy Minister Alexander Novak said after Al-Nima’s comment.




Kuwait Petroleum Int'l, Japan's Idemitsu to establish Vietnam oil sales JV

(WAM) -- State-run Kuwait Petroleum International (KPI) and Japan's leading refiner Idemitsu Kosan Co. have applied for registration of a joint venture company in Vietnam to sell petroleum products in the Southeast Asian country, Idemitsu announced in a statement.

"KPI and Idemitsu intend to promote retail and wholesale operations, mainly through the construction and management of service stations across Vietnam," the Tokyo-based firm said in a statement carried by Kuwait News Agency, KUNA. The joint venture, called Idemitsu Q8 Petroleum LLC, will be the first wholly foreign-owned firm in the oil product distribution and retail sectors in Vietnam.

"Through the establishment of a petroleum product distribution company, KPI and Idemitsu will achieve a stable supply of products to the growing Vietnamese market, where demand for petroleum products is expected to follow a steady upward trend, thereby contributing to the social and economic development of Vietnam," said Idemitsu. The two companies are major investors in the Nghi Son Refinery and Petrochemical LLC, which is constructing Vietnam's second oil refinery to be operational in 2017, according to Idemitsu. The 200,000-barrel-per-day Nghi Son Refinery and Petrochemical Project is 35.1 percent evenly owned by KPI and Idemitsu., 25.1 percent by state-owned PetroVietnam and 4.7 percent by

Japan's Mitsui Chemicals Inc.

KPI's parent company Kuwait Petroleum Corporation (KPC) will supply all the feedstock for the facility, which will also include petrochemical units, energy facilities, a pipeline and storage systems, along with an information management system.




Oman to allow solar rooftop generation for industrial buildings Oman observer - Conrad Prabhu

Building on its recent landmark pledge to pave the way for the introduction of solar rooftop generation in the Sultanate, Oman’s power sector regulator has now affirmed that this renewable energy option will not be limited to residential homes alone, but will be available to industrial and commercial buildings as well.

The revised decision, announced by a senior official of the Authority for Electricity Regulation Oman (AER), is expected to spur the early and robust embrace of solar rooftop generation in the Sultanate.

“Initially our goal was to encourage residential customers to venture into solar rooftop generation, but then we felt it would be a huge opportunity for industrial and commercial customers to go in for rooftop installations as well,” said Eng Hilal al Ghaithy, Deputy Director for Consumer Affairs.

Renewable energy utilization, still in its infancy in Oman despite longstanding plans for its popularisation, is expected to make headway this year with an array of government, public sector and private organisations having unveiled bold, if modest, initiatives to harness solar and wind resources for electricity generation.

Significantly, the policy framework and regulations being formulated by the Authority in support of solar rooftop generation do not envision any subsidy or financial compensation during the initial stages of the programme’s implementation, according to Al Ghaithy.

This is in keeping with the government’s effort to reduce electricity subsidies in general, he noted.

A long-term power infrastructure master plan formulated by Oman’s electricity authorities envisions a roughly 15 per cent share from renewables in the Sultanate’s energy mix by the year 2030. This equates to around 3,000 megawatts (MW) of generation capacity based on concentrated solar power, wind, and photovoltaic (PV) energy resources, according to a study undertaken by Oman Electricity Transmission Company




Consequently, the introduction of a Feed-in Tariff (FiT) scheme, employed by countries around the world to accelerate the uptake of small-scale renewable and low-carbon electricity generation technologies, is not envisaged at the current stage of the programme’s rollout. In place, the Authority is contemplating a metering-based scheme, he said.

Explaining the Authority’s vision in this regard, Al Ghaithy said: “As electricity tariffs are heavily subsidised, our intention is not to have an additional support scheme like Feed-in-Tariff, for example, as is prevalent in other countries.

Offering financial compensation will only add another layer of subsidy from the government to customers. Our intention is to go in for net metering which will encourage people to reduce their grid-based electricity consumption and offset their electricity

bills on a monthly basis.”

The official further added: “Once the government is able to provide additional subsidy for the renewable energy rooftop programme, then we will change our regulations to allow for Feed-in Tariff or financial compensation.”

Licensed distribution and supply companies (discos), Al Ghaithy said, will be allowed to sign agency contracts with owners of solar rooftop capacity to offtake any excess output on behalf of Oman Power and Water Procurement Company (OPWP), currently the sole offtaker of all electricity output under the Sector Law.

“We are now in the process of preparing and developing the technical regulations and specifications for solar rooftop systems, as their integration into the networks will require suitable (safeguards) because these systems will be working in parallel with the main grid,” he said.

Additionally, the Authority plans to cap rooftop capacity at certain limits so as not to allow owners to install higher capacity systems that would enable them to feed substantive quantities of electricity into the grid.

This is primarily because of the absence of financial compensation for the investors who will be making a substantial investment in such systems, and also due to “technical issues” concerning network integrity, he noted.

“Also as we have limited experience in dealing with rooftop systems, we would like to put a cap on these systems which will be determined by available roof area, annual consumption, minimum consumption of these premises, and so on,” he added.




Qatar: Milaha Explorer liftboat delivered to Milaha Milaha + Offshore Energy

Qatari shipping company Milaha has taken delivery of ‘Milaha Explorer’, a new liftboat which will be deployed offshore in support of field maintenance operations. The vessel was built by Bohai Shipbuilding Heavy Industries at its yard in Liaoning Province in China, and was designed by the China-based Tianjin De-Sail Machinery Equipment.

Named ‘Milaha Explorer’, the newbuild will be the biggest liftboat to be owned by a Qatari company, Milaha said. The liftboat can accommodate 300 persons on board. The vessel will be operated by Halul Offshore Services, a wholly-owned subsidiary of Milaha.

Milaha President and CEO Abdulrahman Essa Al-Mannai said: “We are delighted to add the ‘Milaha Explorer’ to our fleet, which allows us to partner ever more closely with leading global energy companies to meet their diverse needs, now and in the future.”

Vivek Seth, CEO of Halul Offshore Services, said: “We have ordered a particularly large liftboat to address the growing demand for these types of assets, both in the region and the world. We believe that this strategic asset will help augment our status as a partner in the life extension of mature fields and enhanced field

maintenance services.”




Norway: Statoil looks to the Arctic to increase exploration off Norway Source: Reuters via Yahoo! Finance Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic, having curbed activity due to the oil price slump, the firm's exploration chief for Norway told Reuters.

Exploration activity in the coming years is crucial to secure Statoil's future production in its home base, which faces a decline from current levels after 2025 if mature fields are not replaced by new resources. It can take up to 15 years from discovery to a field to come on stream.

Asked whether a drop in exploration levels in Norway this year would be permanent, Jez Averty, Statoil's head of exploration for Britain and Norway said: 'We believe that it is lower (this year) than in the years to come. We're looking to the 23rd round to trigger an uptick in activity for us,' he said on the sidelines of an oil conference. The so-called 23rd round is an Arctic-




focused oil licensing round, set to open unexplored acreage in the Barents Sea in the Arctic, closer to the country's border with Russia. The awards are expected to be announced before July. 'This gives us the opportunity to chase larger discoveries, all be it at a higher geological risk,' Averty said, adding that such discoveries were absolutely necessary if Statoil is to preserve production at today's levels until 2030.

Around half of the undiscovered resources offshore Norway lie in the Barents Sea. But a 62 percent drop in crude prices since mid-2014 has put a break on activities in the Arctic, where it is more costly to develop projects, mainly due to the lack of infrastructure.

'We have struggled to commercialize the discoveries that have been made (in the Barents Sea),' Averty said. On Tuesday Statoil presented a new set of technologies tailored for the Barents Sea, known as Cap-X, designed to reduce costs and increase the efficiency of subsea developments.

'One of the accusations that has been used against opening up the Barents recently is that it will never be economic. This (Cap-X) is very important in ensuring that it can be economic,' Averty said.

However, not everyone sees the same possibilities as Statoil. Shell withdrew its application from the 23rd licensing round earlier this month, while other majors such as ExxonMobil, Eni and Total did not apply, partly because they are searching for larger discoveries in other parts of the world.

'We have to bet on the business opportunities which give quicker revenues than a discovery in the Barents Sea,' Shell's head of activities in Norway told the conference on Tuesday.




US: Expected decrease in Lower 48 oil production is partially offset by rising GOM output

Source: U.S. EIA Short-Term Energy Outlook,

In response to continued low oil prices, onshore crude oil production in the Lower 48 states is expected to decline from an average of 7.41 million barrels per day (b/d) in 2015 to 6.46 million b/d in 2016 and to 5.76 million b/d in 2017. Increased production from the federal Gulf of Mexico (GOM) is not enough to offset those declines, with total projected U.S. production falling from 9.43 million b/d in 2015 to 8.04 million b/d in 2017.

The sharp decline in oil prices since the fourth quarter of 2014 has had a significant effect on drilling in the United States. The number of active onshore drilling rigs in the Lower 48 states fell 78% (from 1,876 to 412) between the weeks ending on October 31, 2014, and April 15, 2016, according to data from BakerHughes. The decline in active rigs and well completions is projected to result in month-over-month onshore oil production declines of 120,000 b/d through September 2016.

Market expectations of uncertainty in the crude oil price outlook continue to be high, as reflected in the current values of futures and options contracts. In EIA's April Short-Term Energy Outlook (STEO), the 95% confidence interval for market expectations for prices in December 2017 is relatively wide, with upper and lower limits of $20 per barrel (b) and $100/b, respectively. EIA's April STEO forecasts Brent crude oil prices averaging $35/b in 2016 and $41/b in 2017, with the December 2017 price averaging $45/b.




EIA projects that the number of operating rigs in the Lower 48 states will continue to decrease through mid-2016 before beginning to slowly increase. However, expected Lower 48 production will continue to decline—although at a slowing rate—throughout 2017.

Source: U.S. Energy Information Administration, Short-Term Energy Outlook, April 2016

In contrast to the forecast of declining Lower 48 onshore production through 2017, federal Gulf of Mexico oil production is projected to increase from 1.54 million b/d in 2015 to 1.66 million b/d and to 1.82 million b/d in 2016 and 2017, respectively. Alaska's oil production is projected to slightly decrease from 0.48 million b/d in 2015 to 0.47 million b/d in 2016 and to 0.46 million b/d in 2017.




NewBase 21 April 2016 Khaled Al Awadi

NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE

Crude oil prices Brent at 45.85 & WTI at 44.22 U$/B NewBase + Reuters

Crude prices are holding early on Thursday 21/04/2016 as concerns over a global glut took centre stage after Russia and Iran said they were ready to raise oil production further, while inventories in the United States climbed slightly.

The International Energy Agency (IEA) said on Thursday that oil markets would likely take until 2017 to rebalance and that even that was provided there was no major economic slowdown.

International Brent crude futures were trading at $45.86 per barrel at 0548 GMT with U.S. West Texas Intermediate (WTI) crude futures holding at $44.22 a barrel after the U.S. Energy Information Administration (EIA) said that crude stocks rose slightly, by 2.1 million barrels last week.

Russia said on Wednesday it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened to flood markets with more crude.

Energy Minister Alexander Novak said Russia was "in theory" able to raise production to 12 million or even 13 million barrels per day (bpd) from current record levels of close to 11 million bpd.

Meanwhile, Iran, determined to regain market share following the lifting of international sanctions last January, reiterated its intention to reach output of 4 million bpd as soon as possible.

Oil price special

coverage




With major producers in the Middle East and Russia seemingly racing to raise production, much will depend on U.S. shale drillers and demand to determine how long the global glut lasts which sees between 1 million and 2 million barrels of crude pumped every day in excess of demand.

"Any hope of market re-balancing from the current surplus in supply (lies) on the predicted decline in U.S. oil production," French bank BNP Paribas said. IEA chief Fatih Birol said on Thursday he expected the oil market to come back into balance from oversupply by next year, although he warned that this was provided there were no major economic shocks.

Speaking in Japan, Birol said the IEA expects non-OPEC oil production to fall by about 700,000 bpd this year.

"The U.S. accounts for the bulk of non-OPEC's 2016 oil supply contraction of 700,000 barrels per day forecast. If the decline in the U.S. oil supply proves insufficient to tighten balances, then ... the oil price will remain low to further crowd out higher cost and less efficient producers, as well as stimulate demand," BNP Paribas said.




After Doha Bust, Oil Bulls Find Solace in Global Gasoline Boom Bloomberg - Mark Shenk

Forget about OPEC to prop up oil prices, there is another major factor in that …

Think instead about the gas-guzzling Ford F150 pickup truck, which topped U.S. vehicle sales last year. And the Honda Activa scooter, the best selling two-wheeler in India, where demand is soaring. If anyone is going to save the oil market, they are.

As a deal among producers to freeze crude output failed last weekend, bullish energy investors should look to gasoline as the main source of strength. From India to the U.S., gasoline consumption is rising, fueled by consumers buying more and bigger vehicles -- and driving more than ever.

“It’s so cheap that it spurs demand,” said Mike Loya, a senior executive at Vitol Group BV, the world’s largest independent oil trading house, in Houston.

Global gasoline use will climb this year by 600,000 barrels a day, accounting for half of the total increase in oil demand, according to the Paris-based International Energy Agency. That’s higher than in 2015, when gasoline accounted for 44 percent of the total.

After surging 2.7 percent in 2015, U.S. gasoline demand is projected to climb 1.4 percent to 9.29 million barrels a day this year, matching the 2007 peak, according to the U.S. Energy Information Administration.

‘Star Performer’

"Gasoline remains the star performer in global oil demand," said Matthew Parry, an analyst at the IEA in Paris who tracks consumption patterns. Still, he cautioned that the "rampant" growth of 2015 has moderated.




In the meantime, consumers are acting as though low prices are here to stay.

The 2015 F-150, which gets as few as 13 miles to the gallon, was the top selling vehicle in the U.S. last year, according to GoodCarBadCar.net, which tracks sales. In India, sales of two-wheel scooters topped 450,000 in March and are up about 31 percent in the past year, according to the Society of Indian Automobile Manufacturers.

For refiners from Valero Energy Corp., the largest in the U.S., to Reliance Industries Ltd., which operates the world’s biggest refinery in Jamnagar, India, the jump in gasoline is fattening margins at a time when the energy industry is struggling with low prices. Since January 2015, gasoline futures in New York have increased by more than 2 percent, compared with a drop of more than 20 percent for West Texas Intermediate crude, the U.S. benchmark. WTI rose $1.55 to $42.63 a barrel on the New York Mercantile Exchange Wednesday. It was the highest settlement since Nov. 25.

Vehicle Sales

As the unemployment rate falls and the economy strengthens, U.S. vehicle sales have recovered to levels last seen before the global financial crisis and motorists are driving more than ever, according to Department of Transportation data. That’s confounding expectations that demand would decline after 2007 as more efficient, smaller cars curbed consumption. The U.S. unemployment rate fell to 4.9 percent in January, the lowest in almost 8 years.

U.S. demand for motor fuel typically peaks between the Memorial Day holiday in late May and Labor Day in early September, when Americans traditionally take vacations. Refiners use more crude as they increase operating rates to meet the extra demand.

“We can anticipate a seasonal rise in demand between now and July or August,” said Tim Evans, an energy analyst at Citi Futures Perspective in New York. “It could spark a rally that takes the rest of the market higher.”

Indian Records

In India, gasoline demand is setting records, drawing parallels to the explosion in the growth of Chinese oil consumption in the early part of the century.

The size of India’s vehicle fleet has doubled between 2007 and 2015, transforming the Asian economy into the world’s sixth-largest car market, according to Amrita Sen, chief oil analyst at Energy Aspects Ltd., a London-based consulting firm.

“Naturally, gasoline demand growth has skyrocketed and we believe gasoline demand will continue to grow at double-digit rates over the next five years,” Sen said.

Gasoline consumption in China will grow this year by 218,000 barrels a day, accounting for 65 percent of total oil demand, and up from 213,000 barrels a day last year, when it accounted for 31 percent of the total, according to the IEA.

“Gasoline demand has been showing outstanding growth,” said Mike Wittner, head of oil markets at Societe Generale SA in New York. “Gasoline will be a source of strength for the oil market going ahead.”




NewBase Special Coverage

News Agencies News Release 21 April 2016

Major Energy companies keep bleeding its workforce, as oil prices remains low for longest

NewBase + Reuters + Bloomberg

Recently Shell said it had started a voluntary severance process in the Netherlands as part of a plan to cut around 10,300 jobs worldwide. The oil company is under pressure to rein in costs as a slump in oil prices has hit its profits.

'Shell can confirm it has introduced a selective voluntary severance programme in The Netherlands,' a spokesman said. The programme could be rolled out elsewhere and staff would be notified before external announcements are made, he said.

Shell has around 11,000 directly employed staff in the Netherlands.

Shell said last year it would cut around 2,800 jobs as part of its $50 billion (34.76 billion pound) takeover of BG Group, feeding into the overall job reductions.

The U.S. oil and gas industry, once a bright spot for the country’s economy, are employing the fewest workers since before the financial crisis. More than 100,000 jobs have disappeared in two years, according to data compiled by Bloomberg. Worldwide, there have been more than 265,000 layoffs since oil prices began tumbling in late 2014, according to Airswift, a workforce

solutions provider that helps companies find workers.




BP has to axe another 7,000 jobs after reporting an annual loss of $6.5bn (£4.5bn), the worst in its history.

The poor financial performance of BP, followed by a 68% fall in quarterly profits from rival Exxon Mobil in the US and further weakness in the price of crude, depressed stock markets on both sides of the Atlantic on Tuesday. The FTSE 100 finished the day down 2.2% at 5922.01 points, while in New York, the Dow Jones fell more than 230 points, or 1.4%, in early trading.

Connor Campbell, a financial analyst at Spreadex, a betting company that follows the stock market, said: “The resumption of Brent crude’s decline has been the main catalyst for the day’s dismal trading. And, as ever, when the commodities begin to fall, the FTSE loses its way in pretty dramatic fashion.”

Bob Dudley, BP’s chief executive, said investors who were selling their oil company shares were overreacting and had overlooked BP’s strong cash flow.

Dudley blamed the annual loss, plus a fourth-quarter deficit of $2.2bn, on the collapse in oil prices, coupled with the continuing fallout from paying off liabilities for the Deepwater Horizon disaster in the Gulf of Mexico.

“We’re making good progress in managing and lowering our costs and capital spending while maintaining safe and reliable operations and continuing disciplined investment into the future of our portfolio,” he said.

BP expects the oil price to remain depressed for most of this year, but is confident that it will begin to recover from a current level of about $33 a barrel in the third and fourth quarters of 2016 and move to $50-$60.

In the meantime, the company plans to divest up to $8bn of assets over the next two years and cut 4,000 jobs from its exploration arm and 3,000 from “downstream” refining. Many of the exploration posts will be in Houston, butsome could also be in Aberdeen.

Dudley said BP would continue to invest in the North Sea on projects such as the £4.5bn Clair Ridge, and praised action taken by the British government to pump money into Aberdeen and reduce offshore taxes.

He ruled out any chance of BP moving its London headquarters in the event of the UK leaving the European Union following the referendum. But Dudley added: “I think it’s good for Britain to be part of the EU.”

BP said it has set aside a further $440m over the past three months for liabilities associated with Deepwater Horizon, bringing the total bill so far to $55bn. The underlying profit for the last three months, not counting the Gulf and other factors, was down from $2.2bn last time to $196m, much worse than analysts had expected.

A consensus among 17 analysts ahead of the results predicted that underlying profits would fall in the final three months to $730m, down almost 70% on the same period a year earlier. The biggest problem for BP has come from low crude prices, with Brent averaging $44 a barrel across the fourth quarter, compared with $77 for the same period 12 months earlier.




BP insisted that its dividend was safe for the time being, but warned that it could still wrack up even more losses in future – at a relatively low level – from Deepwater Horizon. Dudley said BP was constantly looking at new markets, including Iran, but was equally interested in places such as Mexico and Brazil.

General Electric Co. plans to eliminate 6,500 jobs in Europe in a global restructuring effort as the industrial giant seeks $3 billion in cost savings from its purchase of Alstom SA’s energy business.

The cuts, including 1,700 positions in Germany and 765 in France, are part of a broader push to trim overlapping expenses following one of GE’s largest-ever acquisitions, which closed in November. The company expects to generate $1.1 billion in savings this year and almost three times that amount by the end of the decade.

“This is a necessary step to increase the competitiveness of the former Alstom businesses and generate the synergies we have targeted,” Deirdre Latour, a GE spokeswoman, said by e-mail. “We will work constructively with employee representatives throughout the process.”

GE is seeking to maximize returns from the $10.3 billion acquisition as Chief Executive Officer Jeffrey Immelt broadens the company’s reach in the energy markets. He is expanding divisions that make generators and oilfield equipment while selling off consumer-focused and finance operations. The Alstom deal tightened GE’s grip on the lucrative business of servicing and maintaining gas turbines, while adding joint ventures in renewable energy and electrical transmission businesses.

GE fell 1.4 percent to $28.24 at the close in New York amid broad market declines. The shares rose 23 percent last year compared with a 0.7 percent drop in the Standard & Poor’s 500 Index.

The job cuts represent about 14 percent of the 48,000 people that the company’s power division employs in Europe after the Alstom acquisition, a spokesman said. GE, based in Fairfield, Connecticut, promised to create 1,000 jobs net new jobs in France to wingovernment support for the deal. Job Guarantee




Layoffs were expected as GE, already the world’s largest maker of gas turbines, integrated Alstom’s sprawling operations, Nicholas Heymann, a William Blair & Co. analyst, said in an interview.

“They’re adjusting the cost structure initially and then over time they’re going to build the business because they’re winning orders. Then they’re going to grow the workforce,” said Heymann, who rates GE outperform. “GE’s confidence in its ability to achieve the $3 billion of synergies over the first five years is higher than ever.”

GE said last month that it won a $1 billion contract for gas turbines and servicing on a new power plant in Saudi Arabia. The agreement followed recent electricity-generation deals in the U.S., South Korea and Pakistan. Renewables Shift

The contracts come amid waning demand for gas and steam turbines in Alstom’s home market of Europe. Germany’s shift to renewable energy and away from coal and gas plants sapped demand for new generators, which can cost tens of millions of euros, in Europe’s largest economy.

Access to Alstom’s installed base, rather than its manufacturing capacity, may have been the primary motivation for GE’s acquisition of the Alstom assets, analysts have said. The contract to maintain a single gas turbine can generate as much as 30 million euros in revenue over a decade.

GE plans to expand its servicing capabilities to include repair and maintenance of competitors’ turbines, too -- a move that takes direct aim at Siemens AG and other rivals. GE detailed the effort, including talks that could lead to contracts in the next few months, at an investor meeting in December.

The planned job cuts come on top of reductions elsewhere in the energy industry, which is grappling with a prolonged slump in the price of oil. BP Plc said Tuesday that it would eliminate 4,000 jobs in crude production. The oil industry has reduced employment by about 250,000 in the past 18 months.

Separately, GE said Wednesday it will move its headquarters this year to Boston to take advantage of the area’s technology talent.




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Khaled Malallah Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Emarat member since 1990 ASME member since 1995 Hawk Energy member 2010

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Khaled Al Awadi is a UAE National with a total of 25 years of experience in the Oil & Gas sector. Currently working as Technical Affairs Specialist for Emirates General Petroleum Corp. “Emarat“ with external voluntary Energy consultation for the GCC area via Hawk Energy Service as a UAE operations base , Most of the experience were spent as the Gas Operations Manager in Emarat , responsible for Emarat Gas Pipeline Network Facility & gas compressor stations . Through the years, he has developed great

experiences in the designing & constructing of gas pipelines, gas metering & regulating stations and in the engineering of supply routes. Many years were spent drafting, & compiling gas transportation, operation & maintenance agreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gas Conferences held in the UAE and Energy program broadcasted internationally, via GCC leading satellite Channels. NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE

NewBase 21 April 2016 K. Al Awadi

New base energy news issue 835 dated 21 april 2016

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Transcript of New base energy news issue 835 dated 21 april 2016