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Bank of England unveils new polymer note Victoria Cleland, Chief Cashier, Bank of England, with the new £10 polymer note. (Image courtesy: Bank of England)

Bank of England unveils new polymer note

As it is made of polymer, the new £10 note is cleaner, safer and stronger. It joins the Churchill £5 in the first family of polymer Bank of England banknotes and a new £20 note featuring J.M.W Turner will follow in 2020.

 •   SABIC receives Best Polymer Producer Award for polypropylene
 •   AkzoNobel, Itaconix sign polymer technology pact
 •   SABIC sells polymershapes unit to US firm


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A T Kearney launches non-profit Energy Transition Institute

A T Kearney launches non-profit Energy Transition Institute

Energy consultancy and advisory firm collaborates with SBC Energy Institute to form new body that aims to develop and share with stakeholders technological, economical, and forward-looking insights on energy transition
 
First phase of Aramco's industrial city to be completed in 2021

First phase of Aramco's industrial city to be completed in 2021

The city, which will be developed over 50 sqkm of land allocated for energy-related industries, will complete its first phase that covers almost 12 sqkm by 2021
 
SANAD may start commercial operations in Q3 2017: Report

SANAD may start commercial operations in Q3 2017: Report

SANAD is a 50:50 joint venture between Saudi Aramco and American drilling contractor Nabors to own, operate and manage onshore drilling rigs in Saudi Arabia
 
Saudi oil firm extends Coreworx Interface Management contract for five years

Saudi oil firm extends Coreworx Interface Management contract for five years

Used on more than US$60 billion worth of projects since its implementation in 2011, the contract extends the oil company's use of the Coreworx solution as the corporate interface management standard on their major capital projects.
 

 

ADNOC's stock flotation may happen ahead of Aramco's IPO: Report

ADNOC's stock flotation may happen ahead of Aramco's IPO: Report

Word in the market suggests UAE oil giant ADNOC may list its distribution business in just the Abu Dhabi Securities Exchange (ADX) in Q4 2017, as opposed to Aramco's plan of launching the IPO in 2018 in a local as well as foreign capital markets
 
Global upstream FIDs on track to double in 2017: WoodMac

Global upstream FIDs on track to double in 2017: WoodMac

The industry has already witnessed 15 upstream project sanctions which equates to about 8bn barrels of oil equivalent of reserves, mostly in brownfield projects
 
ADNOC announces bold future plan; mulls IPO of services businesses

ADNOC announces bold future plan; mulls IPO of services businesses

ADNOC has announced it is considering the stock listing of minority stakes of some of its services businesses with 'attractive investment and growth profiles', as part of its 2030 growth strategy
 
Trucks play key role in global oil-demand growth: IEA study

Trucks play key role in global oil-demand growth: IEA study

Today, trucks account for almost a fifth of global oil demand, or around 17 million barrels per day, equivalent to the combined oil production of the United States and Canada.
 
Emerson announces users exchange conferences to drive digital transformation

Emerson announces users exchange conferences to drive digital transformation

The Europe, Middle East and Africa biennial conference will be at The Hague, The Netherlands, during 7-9 March 2018.
 
Saudi Aramco, Dussur, HHI collaborate to form engine and pump joint venture

Saudi Aramco, Dussur, HHI collaborate to form engine and pump joint venture

The MoU lays out a comprehensive engine and pump business cooperation framework, through the formation of a joint venture to manufacture two-stroke engines, four-stroke engines and marine pumps, including sales and aftersales services in the MENA region.
 
BASF promotes digitalisation in R&D worldwide

BASF promotes digitalisation in R&D worldwide

With chemical industry's largest supercomputer creating new opportunities for researchers to carry out complex modelling, BASF presents wide-ranging uses of digital tools to develop innovative products.
 
IoT is the top priority in driving digital transformation: Report

IoT is the top priority in driving digital transformation: Report

The key findings of the Inmarsat Research Programme report reveal that almost all (97 percent) respondents are experiencing, or expect to experience, significant benefits from the deployment of IoT technologies.
 
DP World, Masdar sign MoU to explore clean energy solutions

DP World, Masdar sign MoU to explore clean energy solutions

Masdar will provide technical advisory services, and explore renewable energy solutions for DP World's ports and free zones in the Middle East and Africa.
 
ExxonMobil, Synthetic Genomics announce breakthrough in biofuel research

ExxonMobil, Synthetic Genomics announce breakthrough in biofuel research

Using advanced cell engineering technologies at Synthetic Genomics, the ExxonMobil-Synthetic Genomics research team modified an algae strain to enhance the algae's oil content from 20 percent to more than 40 percent.
 
DME auctions four million barrels of Iraqi crude for Somo

DME auctions four million barrels of Iraqi crude for Somo

A 2-million barrel cargo of Basrah Heavy was awarded at a premium of US$1.18 over the August Basrah Heavy Official Selling Price.
 




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