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UK-based Oil Plus Announces Key Middle East Appointments

Date : Jun 23, 2017

UK-based Oil Plus, a specialist energy consultancy, has announced two key appointments - Peter Sanders as technical manager and Clarke Shepherd as global business development director - to strengthen its position in the Middle East region and globally.

 

The appointment comes as the company plans to boost its operations in Saudi Arabia, Oman, UAE and India as well as strengthening its relationship with an existing strategic partner in Kuwait, said a statement from the company.

 

This will be supported by opening a new regional laboratory over the coming months, it...

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New Solar Scheme to Slash Power Subsidy in Oman

Date : Jun 23, 2017

Homeowners in Oman will soon be able to help cut government power subsidies by selling solar power back to the national grid.

 

The new solar scheme will eventually mean the current half a billion rial annual...

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QP Launches Bunkering Fuel Services

Date : Jun 23, 2017

Qatar Petroleum, state energy firm, started fuel-oil bunkering services for all vessels calling on Qatari ports on 19 June, following two weeks of severed diplomatic ties with Saudi Arabia and UAE, which temporarily...

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Three Reasons Why ONGC Continues to Trade Far Below the Target Price

Date : Jun 23, 2017

According to the source, the worst first five months in the last six years and a potential buyout that may increase debt hasn’t deterred analysts from maintaining their ‘buy’ rating on India’s largest explorer...

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Iraq 2017 Oil Target “Within Reach”

Date : Jun 23, 2017

Iraq’s ambition to boost oil-output capacity to a record 5mn bpd is “not unrealistic” as the country prepares for the end of OPEC-mandated supply limits, according to analysts.

 

Iraq, which...

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Sarens Delivers Oil Rig to North Rumaila Oil Field

Date : Jun 23, 2017

Maneuvering through narrow streets in the stifling heat, 24 Sarens employees and 5 police officers successfully delivered an oil rig to the North Rumaila Oil Field in southern Iraq. This super-giant oil field is an important resource:...

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Oman’s Gross Electricity Production Up 5.7% to 6,552GW

Date : Jun 22, 2017

Gross electricity production in Oman rose 5.7 per cent to 6,552.5 gigawatt (GW) by the end of the first quarter 2017, from 6199.7 GW, while net production rose by 6.8 per cent to 6,308.5 GW, according to the latest update from the...

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Russian’s Rosneft to Sell Petroleum in India

Date : Jun 22, 2017

Rosneft, a Russian Oil Company, will enter retail petrol market of India, the country's Oil Minister Dharmendra Pradhan said on Sunday. According to the official, in the past fiscal year, Rosneft invested about $13 billion in a...

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Petronet LNG in Talks to Buy Stake in GSPC's Mundra LNG Terminal

Date : Jun 22, 2017

Petronet LNG Ltd, India's biggest importer of liquid gas, is in talks to buy 25 percent stake in Gujarat State Petroleum Corporation's (GSPC) almost- complete Rs 45 billion Mundra LNG import terminal in Gujarat. The 5-million...

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Bharat Petroleum Seeks 70,000 Tons Petrol to Plug Supply Gap

Date : Jun 22, 2017

Bharat Petroleum Corporation Limited is seeking gasoline in a rare move, due to a scheduled, month-long shutdown of a crude unit and a continuous catalytic reformer (CCR), sources said on Wednesday. BPCL will shut a...

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RaysExperts Commissions 5.5 MW Solar Project

Date : Jun 23, 2017

RaysExperts has commissioned a 5.5 MW solar project for an Indian PSU. The plant will be located at Charanka Solar Park in Gujarat.

 

The plant will generate electricity worth Rs 125 crore which will be sold to third parties through a solar PPA agreement.

 

This will be RaysExperts’ first venture into solar energy.

 

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HPPCL Commissions First Unit at Sainj Hydro Power Project

Date : Jun 22, 2017

Himachal Pradesh Power Corporation (HPPCL) has commissioned the first unit of 50 MW of the 100 MW Sainj Hydro Power project.

 

The project has been commissioned and synchronised with the northern grid through...

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Saudi Arabia Launches $1.3bn Water Schemes

Date : Jun 22, 2017

The Saudi government has launched more than 100 projects worth SR4.9 billion ($1.3 billion) aimed at boosting the supply of drinking water and providing better sanitation services to its citizens across the kingdom, said a...

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DEWA’s Mobility Substation to be Operational by Aug-end

Date : Jun 22, 2017

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority, DEWA, has said that the 132/11 kilovolt, kV, substation, which will have a conversion capacity of 150 megavolt amperes, MVA, is 80 percent complete, and is expected to be...

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Alba Line 6 Expansion Works Under Way

Date : Jun 21, 2017

Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, said that construction has started on site on its landmark Line 6 Expansion Project following the completion of the FEED (front-end...

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ONGC Videsh Shortlisted for Oil, Gas Field Auction in Mexico

Date : Jun 20, 2017

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation, has been shortlisted alongside global giants like Chevron, Shell and Total to bid in Mexico's latest round of oil and gas field auction. Mexico is...

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MBR Solar Park – Phase III Reaches Financial Close

Date : Jun 20, 2017

The financing for Phase Three of the Mohammed bin Rashid Al Maktoum (MBR) Solar Park in Dubai has been completed, a report said.

 

This marks the latest significant milestone for the Masdar-led consortium,...

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Drake and Scull Set to Sign Wastewater Treatment Plant Project

Date : Jun 20, 2017

Dubai-based building contractor Drake & Scull International is close to signing three new projects including a wastewater treatment plant, said the company's chief executive.

 

The other two projects...

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KOGPC Launches Solar Power Plant

Date : Jun 19, 2017

Karoon Oil & Gas Production Co. (KOGPC) has launched a solar power plant to save some energy and generate clear power.

 

Managing Director of the company Mohsen Dehanzadeh said the project is aimed at...

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Petrofac Wins EPCm Contracts for O&G Projects in Oman

Date : Jun 19, 2017

British oilfield services company Petrofac has secured a long-term framework agreement with Petroleum Development Oman (PDO) for the provision of engineering, procurement and construction management (EPCm) support services for...

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