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Saudi Aramco Energy Ventures (SAEV) Invests in Energy Vault

Date : Jun 23, 2021

Energy Vault, the creator of renewable energy storage products that are transforming the world’s approach to utility-scale energy storage for grid resiliency, has announced new investment from Saudi Aramco Energy Ventures (SAEV), the strategic technology venturing program of global integrated energy and chemicals company Aramco. Energy Vault will use the funds to accelerate global deployment of its technology, which is designed to enable intermittent renewable energy generation to be stored at GW-hour scale both economically and sustainably, to deliver dispatchable power on demand. The amount of the investment was not disclosed.

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G7 Group Commit to Net-Zero Emissions by 2050

Date : Jun 23, 2021

Leaders of the Group of Seven (G7) nations have concluded their landmark summit in Cornwall, UK committing to reach net-zero emissions by 2050 amid a series of other significant energy and climate...

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Petrofac Appoints Anne Haase as BD Director to Support New Energy Growth

Date : Jun 23, 2021

Petrofac, a leading international service provider to the energy industry, has made a senior UK appointment to support the continued growth of its offering in the new and renewable energy sectors.

 

Anne Haase...

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Uttam Group, MGL Launch ‘Ashvath’ - A Moving CNG Refuelling Unit

Date : Jun 23, 2021

Uttam Group of Companies, in association with Mahanagar Gas Limited (MGL), has launched ‘Ashvath’, an integrated CNG refuelling unit for the purpose of easy dispensing of CNG fuel into vehicles. Ashvath is a first of...

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Metito bags Top Honours at Global Water Awards 2021

Date : Jun 22, 2021

Metito, a key provider of total intelligent water management and alternative energy solutions, has received the ‘Water Company of the Year' distinction at the 2021 Global Water Awards, organised by Global Water Intelligence...

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Saudi Aramco raises $6bn in World’s Largest Dollar Corporate Sukuk

Date : Jun 22, 2021

Saudi Arabian Oil Company (Aramco) has announced that it has successfully raised $6 billion, following the sale of US dollar-denominated shariah-compliant securities to leading institutional investors.

 

The...

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BPCL to Set Up Super Absorbent Polymer Plant at Kochi with In-House Technology

Date : Jun 22, 2021

Privatisation-bound Bharat Petroleum Corporation is setting up a 50,000 metric tonne per annum super absorbent polymer plant at the Kochi Refinery, the technology for which was developed in-house. In the first phase of the proposed...

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India to achieve 15% Share of Natural Gas in Primary Energy Mix by 2030

Date : Jun 22, 2021

Minister for Petroleum & Natural Gas and Steel Dharmendra Pradhan has stated that India has committed to achieve 15% share of natural gas in the primary energy mix by 2030 for a more sustainable energy use which will help reduce...

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GCC Gas Demand for Power Generation on the Rise

Date : Jun 21, 2021

Gas demand for power generation consumed above 13 billion cubic feet per day (bcfd) in 2020, representing almost 50% of the total demand in the Gulf countries. It is expected that this demand will increase by 14% by 2029, according a report by...

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Saudi’s Basic Chemical Industries' Plant Building Costs up 9.5%

Date : Jun 21, 2021

Saudi-based Basic Chemical Industries Company (BCI) has announced that the implementation costs of its chemical plant coming up in Jubail Industrial City had increased by about 9.5 per cent to SR750 million ($200 million) from a previously...

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Voltas Commissions First Solar Project in Dubai

Date : Jun 23, 2021

Voltas, a part of leading Indian business conglomerate Tata Group and a leading MEP contractor in the Middle East, said it has successfully commissioned its first solar project in Dubai at the Misterlight Electrical Installation Items Trading warehouse within the National Industries Park.   Misterlight is an ISO-certified cable trading company in the UAE, with more than 30 years of experience in the supply of specialised cables and electrical accessories.   The project was implemented in co-ordination with UAE’s leading distributed solar energy provider SirajPower, which is responsible for the financing, operation and maintenance of t...

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SunAlpha Energy Commissions 2 MW Solar Plant in Rajasthan

Date : Jun 23, 2021

SunAlpha Energy, a Jaipur-based solar firm has commissioned a two MW solar plant in Rajasthan is India’s largest plant under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM)...

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Iran Signs First Methyl Amine Project

Date : Jun 22, 2021

The EPC engineering contract for a methyl amine project in Songhar was signed with two Iranian companies as the first methyl amine project in the country.

 

According to the Iranian Investment Petrochemical...

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NOC Awards JDC Jack-Up Rig for Al-Shaheen Operations

Date : Jun 22, 2021

Japan Drilling Co., Ltd. (JDC) has announced that its subsidiary Japan Drilling (Netherlands) B.V. has entered into a drilling contract with North Oil Company on June 15, 2022 for the provision of jack-up drilling rig...

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Fujairah Terminals Achieves Key Construction Milestone in Port Development

Date : Jun 21, 2021

Fujairah Terminals said it has achieved a major milestone in its long-term AED1 billion ($272.2 million) port development programme with the completion of the project expansion works related to its multi-purpose terminal...

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Iran Offers Port of Jask to India as Base for Strategic Oil Reserves, New Gas Pipeline

Date : Jun 21, 2021

The expected revival of the nuclear deal between Iran and the western powers is set to yield unexpected opportunities for India, including access to the Iranian port of Jask as base for strategic oil reserves and a new "land-and-sea"...

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MBR Al Maktoum Solar Park Water Pumping Station Work on Track

Date : Jun 21, 2021

Dubai Electricity and Water Authority (Dewa) has announced the completion of 92 per cent of the work on the water pumping station at the Mohammed bin Rashid Al Maktoum Solar Park.

 

The project is being...

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Dubai's Power Generation Capacity to touch 13.2 GW Next Month

Date : Jun 18, 2021

Dubai Electricity and Water Authority (DEWA) said that its installed power generation capacity will touch 13,200 megawatts (MW) in July with the commissioning of the 300 MW first stage of Phase 5 of the Mohammed bin Rashid Al Maktoum Solar...

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ADNOC Awards $165mn Onshore Drilling Contracts

Date : Jun 18, 2021

The Abu Dhabi National Oil Company (ADNOC) announced in a statement that it has awarded contracts worth AED 606 million (USD 165 million) to maximize drilling performance across its Onshore operations.

 

The...

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Oman moves ahead with Plans to Develop of Khasab Port

Date : Jun 18, 2021

Oman’s Ministry of Transport, Communications and Information Technology has said that it is pressing ahead with plans set for the development of the Port of Khasab.

 

The plans build on tenders launched...

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