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Singapore: Trade With Saudi is Highest
Saudi Arabia is now Singapore's largest trading partner in the Middle East. The Kingdom is currently ranked as Singapore's 14th largest trading partner based on Q1 2010 trade figures. Trade has also seen an increase of 6.6 percent in Q1, a positive sign of the upturn since the 2009 economic downturn.. more
KOC Focus Restoring Environment Harmed in War
Kuwait Oil Company (KOC) signed with the secretariat of the central committee for environment development projects (Kuwait National Focal Point Symposium) a memorandum of understanding (MoU) to stress cooperation in developing the environment that was harmed during the war. KOC Chairman and manag.. more
Tata Power: Consortium to Build 240Mw Power Project in Indonesia
A consortium led by Tata Power, India’s largest private power utility, will develop a 240 mw-geothermal power project in Indonesia. Since the programme would involve building units of various sizes, the total cost of the project will range from `2,900 crore to `3,800 crore. According to a senior .. more
HPCL to Set Up Refinery in Maharashtra
Hindustan Petroleum Corporation (HPCL) is understood to have finalized plans to set up a 9-million tonnes refinery in Maharashtra with an investment of around Rs.15, 000 crore. Official sources said that the Maharashtra Government had offered land places and the company was in the process of givi.. more
ABB Technology Used in All KOC’s Projects
An ABB supervisory control and data acquisition solution is enabling Kuwait Oil Company to monitor, control and track the production, transfer and flaring of gas and condensate throughout its entire production assets, including 2,000 km of pipelines, 21 gathering centers and the world's second large.. more
ADNOC to Sell 2M Barrels of Condensate
An industry source said that State-run Abu Dhabi National Oil Company (ADNOC) is seeking to sell around two million barrels of condensate because of planned maintenance in October and November. He said "The condensate will come from Uweinate, Thamama and Asab gas fields and this is because of the ma.. more
Demand for Industrial Gases to Reach $52 billion by 2014
In a recent report titled “World Industrial Gases,” the Freedonia Group says that world demand for industrial gases will increase 8% annually to $52 billion in 2014. Volumetric consumption will expand 5% per year to 530 billion cubic meters in the same year. Industrial gases are used through.. more
Crude Oil Storage Facility to be Constructed in India
Jacobs Engineering Group Inc. has a contract from IOT Infrastructure & Energy Services L. (IOT) (formerly Indian Oiltanking) to provide engineering services for the Cavern project to be built for Indian Strategic Petroleum Reserves L.(ISPRL). The project is for the storage of crude oil in Visakh.. more
Axens Technology Selected for Re-refining Plant
PDVSA Intevep selected Axens’ and Viscolube Revivoil technology for its waste oil re-refining plant to be located in San Juan de los Morros or Amuay, Venezuela. The Revivoil spent oil re-refining technology is a process application that has been developed to meet environmental demand. It econ.. more
Welspun Bags Rs 7 B Pipe Orders
Welspun Corp L, the flagship company of the $3-billion Welspun Group and the second largest line pipe company in the world, has won new pipe orders worth Rs 7 billion (about 120,000 tons) from the domestic and international markets. According to BSE announcement, these orders are likely to be .. more
SULB Phase I Construction Starts at Bahrain Steel Plant Project
United Steel Company (SULB) has started the Phase I of construction in its $1.2 billion steel manufacturing project in Bahrain, reported on Sept 3. Mr Khaled Al Qadieri MD of SULB said that the Phase I of the construction is expected to be completed in 2011. He explained that embarking on the thr.. more
Aramco, Rowan Sign 3 yr Contract for Rigs
Rowan Cos Inc signed contracts with Saudi Aramco for two of its Gulf of Mexico-based rigs for higher dayrates, on track with its plans to move those rigs overseas, sending its shares up 9 percent. In July, the offshore rig contractor said it was in talks to move two high-end shallow-water rigs ou.. more
Halliburton Wins Iraq Oilfield Contract
US-based Halliburton, the global oil services company, has been awarded a contract by Eni to provide a range of integrated energy services toward the redevelopment of the Zubair field in southern Iraq. Work for the multi-million dollar contract is underway, said a statement. Halliburton will p.. more
Zamfara Signs 1.5bn Euro Refinery Project
The Zamfara State governor, Mahmuda Aliyu Shinkafi, on Monday signed an agreement for the construction of a petroleum refinery in Gusau, the state capital. Mr Shinkafi, at a ceremony to mark the beginning of the project, said the state government was committed to the early completion of the proje.. more
ABB Oman Wins Three-Year Partnership Agreement
ABB Oman Wins Three-Year Partnership Agreement maintenance agreement for Vale's state-of-the-art iron ore pellet plant and distribution center in Oman. This maintenance partnership agreement will be a continuation from the current agreement where ABB is responsible for the management and planni.. more
Dabhol Board to Go for Government Nominees
An official said that The Indian Government is likely to appoint two of its officials on the board of Ratnagiri Gas and Power Pvt L, the firm that run the nation’s largest gas-fired power plant Dabhol. The Ministry of Petroleum and Natural Gas and the Power Ministry are likely to nominate a burea.. more

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