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Hitachi Ltd to Announce Purchase of ABB's Power Grid Business

Date : Dec 17, 2018

Hitachi Ltd and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group's power grid business for up to $7 billion, the Nikkei business daily reported.

 

The two companies, which have previously said they were in talks, will hold a news conference later on Monday, the business daily said. The report said the acquisition was likely to total around 600 billion to 800 billion yen ($5.3 billion to $7 billion).

 

A Hitachi spokesman declined to confirm the report, saying it was not something it announced.

 

($1 = 113.4800...

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CIL to Pay $0.1mn if it Fails to Meet Exploration Commitment in Oil Block

Date : Dec 17, 2018

Mining baron Anil Agarwal's Cairn India won a third of its total haul of 41 oil blocks in India's maiden bid round under open acreage licensing policy by committing a miniscule exploration programme whose non-fulfilment will attract...

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NTPCL Acquires 720 Mw Barauni Thermal Power Plants in Bihar

Date : Dec 17, 2018

State-owned power generator NTPC Ltd today announced it has acquired the 720 Megawatt (Mw) Barauni thermal power plant in Begusarai district in Bihar with effect from 15 December.

 

The coal based power...

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Adnoc Collaborate with IBM for Oil, Gas Blockchain Application Deal

Date : Dec 17, 2018

Abu Dhabi National Oil Company (Adnoc), a leading energy and petrochemicals group, has announced its successful collaboration with IBM, piloting a blockchain-based automated system to integrate oil and gas production...

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CO2 Emissions from Advanced Economies to Rise in 2018 – IEA

Date : Dec 17, 2018

The world’s advanced economies will see an uptick in their carbon dioxide (CO2) emissions this year, reversing a five year-long declining trend, according to the International Energy Agency...

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KPC Aims to Produce 85,000 bpd of Heavy Crude by 2020/21

Date : Dec 17, 2018

Kuwait Petroleum Corp. aims to produce 85,000 barrels of heavy crude oil a day by 2020/21, and 110,000 barrels per day by 2030/31, according to the text of a speech given by its CEO.

 

The state-owned company...

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India to Add 10,000 Mw of Renewable Energy Generation Capacity Next Fiscal

Date : Dec 14, 2018

India is likely to commission renewable energy projects with a capacity of 9,000 Megawatt (Mw) in the current financial year (2018-19) and 10,000 Mw in the next fiscal ending March 2020, based on the trend of projects awarded over the past two...

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India Did Not Let Russian-Owned Refinery Buy Iranian Oil

Date : Dec 14, 2018

US President Donald Trump pulled the United States out of a multilateral nuclear deal with Iran in May and reimposed sanctions on Iran’s oil industry last month. Iranian Oil Minister Bijan Zanganeh said on Wednesday that,...

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China ZhenHua's Subsidiary Buys 4pc Stake in Adnoc Onshore Concession

Date : Dec 14, 2018

The Abu Dhabi National Oil Company (Adnoc) said that four percent stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Petroleum International Company Ltd, a subsidiary...

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NTPC to Buy out Fifty Percent Equity in Meja Power Project

Date : Dec 14, 2018

NTPC is close to buying 50 percent equity in 1,320 MW Meja Thermal Power Project. The Meja Urja Nigam (MUNPL) is a 50:50 joint venture (JV) between NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam in Allahabad, the memorandum of...

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QP to Select Firms for North Field Expansion Project by Mid-2019

Date : Dec 14, 2018

The oil companies that Qatar selects to expand its north field natural gas reservoir will be announced in mid-2019, the country’s energy minister Saad al-Kaabi said.

 

Qatar plans to build four additional liquefied national gas trains in mid-2019, al-Kaabi said.

 

Qatar will announce the selected partners to build the largest ethane cracker in the world in the first quarter of 2019, he said.

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Saudi Arabia Launches First Phase of King Salman Energy Park

Date : Dec 14, 2018

Saudi Arabia has launched the first phase of the King Salman Energy Park project "Spark", which is located between Dammam and Al-Ahsa, Eastern Region, said a report.

 

HRH Prince Mohammed bin Salman...

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Aramco Awards Well Services Contract to Baker Hughes

Date : Dec 13, 2018

Leading oilfield services provider Baker Hughes, a GE company, said it has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimizing production from new and existing wells across...

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Reliance to Expand Oil Refinery Capacity of SEZ in Jamnagar

Date : Dec 13, 2018

Reliance Industries (RIL) is seeking to expand the installed capacity of its export-oriented oil refinery by 5.8 million tonne in the Special Economic Zone (SEZ) at Jamnagar, Gujarat.

 

The company had built...

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Ratnagiri Refinery Commissioning to be Delayed by Three Years

Date : Dec 13, 2018

The plan to set up the 60 million tonne refinery-cum-petrochemical project at Ratnagiri in Maharashtra is expected to be delayed by three years following a land acquisition issue.

 

The Maharashtra government...

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Abu Dhabi Inaugurates New Container Terminal

Date : Dec 12, 2018

Abu Dhabi has inaugurated a new container terminal at Khalifa Port.

 

A joint venture of Abu Dhabi Ports and China’s Cosco Shipping Ports agreed in 2016 to develop and operate the second container...

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Saudi Aramco, ADNOC’s India Mega Refinery Project Delayed by 2 Years

Date : Dec 12, 2018

India has delayed the commissioning of a giant refinery that state-owned firms are building in tie up with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC) by two year to 2025, a senior official at the consortium told source on...

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Acwa Signs Deal with 3 International Groups for Dubai Solar Project

Date : Dec 11, 2018

Acwa Power, a leading developer, owner, and operator of power generation and water desalination plants based in Saudi Arabia, said it has joined hands with three international groups - Spanish company Abengoa and Chinese firms...

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India to Tender 80 GW Solar and Wind Energy Projects by 2020

Date : Dec 11, 2018

India has declared the trajectory of bidding 60 gigawatt (GW) capacity of solar energy and 20 GW capacity of wind energy by March 2020, leaving two years time for execution of projects, Ministry of New and Renewable Energy (MNRE) said...

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Saudi Aramco Selects Sapura Energy as its LTA Contractor

Date : Dec 10, 2018

Sapura Energy Berhad (Sapura Energy) marked a significant milestone in its growth strategy when its wholly-owned subsidiaries, Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia, were selected to join Saudi Aramco’s...

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