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In Brief

Abu Dhabi to form new oil & gas EPC giant


ABU DHABI: Abu Dhabi-based General Holding Corporation (Senaat) and other minority shareholders of National Petroleum Construction Company (NPCC) have submitted an offer to National Marine Dredging Company (NMDC) to combine NPCC with NMDC.
NPCC is a world class engineering, procurement and construction company that provides solutions to the offshore and onshore oil & gas sector, while NMDC is a regional leader in dredging and marine construction. The proposed transaction would create a new national and regional integrated EPC champion with an established footprint in key markets within Mena and South Asia. The combined group is expected to become one of the largest companies on the Abu Dhabi Securities Exchange with a combined 2019A revenues of AED8.875 billion ($2.416 billion). 


ISO 29001 a game changer for industry


DUBAI: Replacing the previous technical specification ISO/TS 29001, ISO 29001 is a game changer in the way it can work together with other standards to create safe and smart best business practice.
ISO 29001 has been designed to work well together with another of the ISO staples; ISO 9001, one that is likely familiar with many oil and gas businesses already, writes Karl Ahlgren, Marketing Manager at Pervidi, a technology innovator and provider of solutions for organisations.
ISO 29001 increases focus on risk management and performance objectives by many businesses.