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Genel Energy Sees Oil Flow from Kurdistan’s Taq Taq

Date : Jan 17, 2020

UK’s Genel Energy said oil has flowed from the latest test well at Iraqi Kurdistan’s Taq Taq oilfield.

 

The TT-34 well, which is nearing completion, has produced from all zones tested, at a maximum combined flow rate of over 3,900 barrels of oil per day (bopd) with 28/64” choke, the company said. With the inclusion of test production, gross production from the Taq Taq field is currently around 13,650 bopd. Genel has a 44 per cent working interest in the Taq Taq production sharing contract.

 

The company said that individual zone testing is now underway, which will determine ...

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NISOC Builds Drilling Bits without Reverse Engineering

Date : Jan 16, 2020

The CEO of the National Iranian South Oil Company (NISOC) said the company had localized the technical savvy for manufacturing drilling bits without relying on reverse engineering.

 

Ahmad Mohammadi said that...

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Installed Base of Smart Waste Sensors to Grow at 30.8pc by 2023

Date : Jan 16, 2020

The installed base of smart waste sensors is expected to grow at a compound annual growth rate (CAGR) of 30.8 per cent and reach 1.5 million in 2023, a report said.

 

The number had reached 379,000 worldwide...

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QP, KPC Sign Agreement to Supply LNG to Kuwait

Date : Jan 16, 2020

Qatar Petroleum and Kuwait Petroleum Corporation (KPC) entered into a long term Sale and Purchase Agreement for the supply of up to 3 million tons per annum of Liquefied Natural Gas (LNG) to the State of...

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NTPC to Buy Stake in NEEPCO, THDCIL from Centre

Date : Jan 16, 2020

NTPC will shell out to Rs 15,000 crore to buy out the Centre’s stake in the North Eastern Electric Power Corporation (NEEPCO) and THDC India (THDCIL).

 

NTPC is planning to complete the buyout by the end...

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Iranian Hackers Target Attack on Bapco

Date : Jan 14, 2020

Bapco, Bahrain's national oil company, has been targeted by Iranian state-sponsored hackers with a new strain of data-wiping malware, a report said.

 

Details of the data breach at Bapco were confirmed,...

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Balanced Oil Market and Supply Security Key for Stability – UAE Minister

Date : Jan 14, 2020

The balance of the oil market and the security of supplies are key requirements for stability, said Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry.

 

In statement made on the...

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Third South Pars Phases 22-24 Platform Operational – POGC

Date : Jan 14, 2020

The third offshore platform of phases 22 to 24 of South Pars Gas Field came on stream.

 

According to the Pars Oil and Gas Company (POGC), the deputy head of a project to develop phases 22 to 24 of the massive...

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Global Energy Forum takes place in Abu Dhabi

Date : Jan 13, 2020

The fourth annual Atlantic Council Global Energy Forum opened in Abu Dhabi on Jan 11, kicking off three days of high-level discussions with industry and political leaders to set the energy agenda for the year...

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Saudi Energy Minister to Address IPTC in Dhahran

Date : Jan 13, 2020

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman Al Saud will deliver a special keynote address at the 12th International Petroleum Technology Conference (IPTC).

 

The event starts today and will...

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Seadrill, Mermaid Secure 3-yr Rigs Contract Extension with Saudi Aramco

Date : Jan 17, 2020

Seadrill and Mermaid Maritime said their joint venture company has secured three-year extensions on their two jack-up drilling rigs at day rates that are “materially” lower than market rates, with Saudi Aramco.   Owned by Asia Offshore Drilling (AOD), the AOD II and AOD III rigs will pull in expected revenue of US$98 million and $101 million respectively, the two companies said in separate statements.    The previous contracts were scheduled to expire on April 14 2020 and Dec. 31 2019 respectively.   Meanwhile, Mermaid cautioned that the day rates for the rigs are materially lower than previous year’s day r...

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KOC Inaugurates Shuwaikh Deep-Water Port Facility

Date : Jan 17, 2020

Under the patronage of CEO Emad Mahmoud Sultan, KOC recently inaugurated the Company’s new calm buoy, which was designed by Bluewater, a Dutch energy services company, and constructed by the Heavy Engineering Industries and Shipbuilding...

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ADFD Allocates $105mn for Renewable Energy Projects

Date : Jan 17, 2020

Abu Dhabi Fund for Development (ADFD), a government funded aid finance institution, has allocated approximately $105 million for eight renewable energy projects with the International Renewable Energy Agency...

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Singareni Collieries Co to Build 30 MWp Solar PV Unit in Telangana

Date : Jan 17, 2020

Singareni Collieries Company is setting up 30 MWp solar photovoltaic (PV) based power unit at Manuguru in Khammam district of Telangana on engineering, procurement and construction (EPC) basis.

 

As per...

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India Opens Fifth Oil and Gas Block Bid Round

Date : Jan 17, 2020

India on Wednesday announced the opening of the fifth oil and gas block bid round, offering 11 areas for bidding on revamped fiscal terms. So far, the government has awarded 94 blocks under the Hydrocarbon Exploration & Licensing...

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Abu Dhabi’s GMS Wins Middle East Contracts for 2 Vessels

Date : Jan 16, 2020

Abu Dhabi’s Gulf Marine Services (GMS) said it was awarded two contracts for its vessels for a Middle East National Oil Company.

 

The awards include a 7-month contract (firm period plus options to...

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BPCL’s LPG Pipeline Project to be Commissioned by April 2020

Date : Jan 16, 2020

Kochi Salem Pipeline’s (KSPL) LPG pipeline project will be commissioned up to Palakkad in Kerala by April 2020. KSPL is a 50:50 joint venture (JV) between the Bharat Petroleum Corporation (BPCL) and the Indian Oil Corporation...

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Kuwait sees Neutral Zone Production to reach 0.25mn bpd by Year-end

Date : Jan 14, 2020

Kuwait expects production from the Neutral Zone, shared with Saudi Arabia, to reach 250,000 barrels per day (bpd) before the year end, the country’s energy minister said.

 

The countries agreed to resume...

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KREDL’s Pavagada Solar Park Fully Operational

Date : Jan 14, 2020

Pavagada Solar Park, the world’s largest solar park, has now become entirely operational.

 

The park, located in Tumakuru district of Karnataka, has been developed by the Karnataka Solar Park Development...

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Gujarat to Develop CNG Terminal in Bhavnagar

Date : Jan 14, 2020

Foresight Group Services, a UK-based company in a joint venture with Padmanabh Mafatlal Group, intends to develop a CNG terminal with a capacity of 1.5 million tpa in Bhavnagar district of Gujarat.

 

Apart...

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