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Iran Ready to Negotiate With All Oil Companies for Developing Oil and Gas Projects

Date : Oct 18, 2017

Iranian Minister of Petroleum Bijan Zangeneh voiced Iran's readiness to enter into talks with all oil companies including American ones for developing oil and gas projects.

 

Following a meeting with visiting South Korean Minister of Land, Infrastructure and Transport (MOLIT) Kim Hyun-mee in Tehran on Tuesday, Zangeneh said Iran is ready to enter into talks with all oil companies including American ones in oil and gas projects.

 

Reacting to US President Donald Trump's recent remarks regarding profitability of oil projects for European companies in Iran, Mr. Zangeneh said, "If Mr....

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India, Japan Discuss on Forward Movement on LNG Technologies: Pradhan

Date : Oct 18, 2017

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan, who is currently on a visit to Japan, has said that both governments have taken their discussions of Liquefied Natural Gas (LNG) technologies in inland water and coastal...

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Reliance Industries Plans to Exit Shale Gas Business in US

Date : Oct 18, 2017

With shale gas business becoming uneconomical due to low crude oil prices, India’s largest private sector firm, Reliance Industries (RIL) has said it would sell its remaining shale gas assets in the United States — if any...

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Saudi Arabia, Russia Sign Cooperation Deal for Nuclear Energy Sector

Date : Oct 18, 2017

Russia’s Rosatom State Atomic Energy Corporation and Saudi Arabia’s King Abdullah City for Atomic and Renewable Energy have signed a programme for cooperation in the peaceful uses of nuclear...

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Battery Storage Costs to Decrease Up to 66pc by 2030 – Irena

Date : Oct 17, 2017

The cost of battery storage for stationary applications could fall by up to 66 per cent by 2030, according to a new report published by the International Renewable Energy Agency (Irena).

 

An intergovernmental...

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Adnoc Launches Unified Brand for its Subsidiary Companies

Date : Oct 17, 2017

The Abu Dhabi National Oil Company (Adnoc) has launched its new unified brand, bringing together its subsidiary companies under one common identity that will highlight the scale of its business, the size of its contribution to the...

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Aramco Says $2trn Listing Plan on Track for Next Year

Date : Oct 17, 2017

Saudi Aramco has dismissed reports that it is considering shelving plans for the world’s biggest ever flotation, with the state-owned oil company saying the $2 trillion listing was on track for next...

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BPCL Sells its First Low Sulphur Diesel Cargo for Export

Date : Oct 17, 2017

Indian oil refiner Bharat Petroleum Corporation Limited sold a low sulphur diesel cargo through an export tender for the first time as its refineries upgrade units and due to higher inventory of the fuel, three industry sources said...

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RIL Exits Myanmar Blocks, Gives Up Last Conventional Oil & Gas Asset Abroad

Date : Oct 17, 2017

Mukesh Ambani-led Reliance Industries Ltd (RIL) has exited its last overseas conventional oil and gas assets by relinquishing two blocks in Myanmar.

 

However, the company still holds its interest in two shale...

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Iraqi Forces Capture NOC

Date : Oct 17, 2017

Iraqi armed forces have reportedly captured the headquarters for the North Oil Company (NOC), northwest of Kirkuk, from Kurdish forces, without fighting.

 

A Kirkuk-based official told Reuters that the...

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Kuwait Spent $10bn on Environmental Fuel Project

Date : Oct 18, 2017

Kuwait has spent a total of KD3.1 billion ($10.25 billion) on its environmental fuel project until the end of September 2017, it has been revealed.

 

Kuwait National Petroleum Company (KNPC) CEO Mohammad Al-Mutair said in an interview that the total number of people working on the project was about 39,000.

 

He said company expected to receive the first payments of external financing for the project in November.

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Dewa Launches Project to Install Solar Carports at HQ building

Date : Oct 18, 2017

Dubai Electricity and Water Authority (Dewa) has launched a new project under its Shams Dubai initiative for installation of solar carports at its headquarters, and the Ministry of Climate Change and Environment...

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RIL-BP to Develop Six Satellite Gas Fields in KG-D6

Date : Oct 18, 2017

Reliance Industries and its partner BP Plc of the UK will invest about $1.5 billion to bring to production six satellite gas discoveries in the flagging KG-D6 block by 2022.

 

RIL-BP combine yesterday...

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TAPI Gas Pipeline Expected to Reach Afghan Border by January 2018

Date : Oct 17, 2017

Afghan Ministry of Mines and Petroleum said on Sunday that it is expected that the Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline which is being built in Tukmenistan will reach the Afghanistan border in...

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Fourth Train Complete at CEPL’s Sabine Pass LNG Plant

Date : Oct 16, 2017

Cheniere Energy Partners LP said Friday that the fourth train at its Sabine Pass liquefied natural gasplant was substantially complete, boosting output from the first LNG export terminal in the United States by a third. LNG plants are...

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PDO’s Miraah Project on Track

Date : Oct 16, 2017

GlassPoint Solar, a leader in solar for the oil and gas industry, has announced the successful completion of the first block of its giant Miraah solar plant, located at the Amal oilfield operated by Petroleum...

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US Giant GE Offers to Set-up Gas-Based Power Plant in Punjab

Date : Oct 13, 2017

US giant General Electric has offered to set up a 2,400 megawatt gas-based power plant in Punjab, offering electricity at Rs 4.81 per unit only. The offer was made by GE to Chief Minister Amarinder Singh during a meeting here,...

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Malaysia’s Petronas May Exit Iraq’s Majnoon Oil Field

Date : Oct 13, 2017

Malaysia’s Petronas has reportedly decided to withdraw from its 30-percent participating interest in Iraq’s giant Majnoon oil field.

 

According to the source, the decision came as the company...

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Cabinet Approves MoC on India-Japan Flexible LNG Market

Date : Oct 12, 2017

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of the Memorandum of Cooperation (MoC) between India and Japan on establishing a liquid, flexible and global LNG Market.

 

The...

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Saudi Aramco 'Interested' in Investing in Indian West Coast Refinery

Date : Oct 12, 2017

In a bid to expand its footprint in the growing Indian oil sector, the world’s biggest oil company, Saudi Aramco, has expressed interest to capture a significant portion of the USD 300-billion investment opportunity announced by...

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