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Enoc, BHGE to Co-develop Real-time Lubricant Monitoring System

Date : Feb 19, 2019

Baker Hughes, a GE Company announced an agreement with Emirates National Oil Company (Enoc) to co-develop VitalyX, a real-time lubricant monitoring system.

 

VitalyX can be deployed in multiple industries using large machinery, and the advanced cloud-based system is designed to detect and measure key lubricant properties in real-time while simultaneously converting the data into actionable insights. Enoc, which will not only co-develop but has also signed the first order for VitalyX, announced the project with BHGE leaders at BHGE’s Annual Meeting in Florence, with more than 1,100 customers in...

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$846bn to be Spent on Oil, Gas Upstream Projects by 2025 – GlobalData

Date : Feb 19, 2019

A total new-build capital expenditure (capex) of $846 billion is expected to be spent globally on planned and announced upstream oil and gas projects from 2019 to 2025, a report said.

 

Royal Dutch Shell leads...

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Proserv Promotes Tore Erntsen to CTO Position

Date : Feb 19, 2019

UK-based Proserv, a leading controls technology company with presence in the UAE and a key facility in Saudi Arabia, has promoted Tore Erntsen to the position of chief technology officer (CTO), Subsea...

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AITUC Condemns Plan to Auction Oil, Gas Blocks of ONGC, OIL

Date : Feb 19, 2019

A central trade union on Monday condemned the plan to privatize 97 oil and gas fields discovered by state-run oil firms, terming it as a "quid pro quo" by the government to corporates. The All India Trade Union Congress...

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Indian Oil Signs First Annual Deal for US Oil

Date : Feb 19, 2019

Indian Oil Corporation (IOC) has signed its first annual deal to buy United States (US) oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday. IOC...

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India Imports 270,500 Bpd of Iranian Oil in January

Date : Feb 18, 2019

India imported 270,500 barrels per day (bpd) of oil from Iran in January, ship-tracking data reviewed by Reuters showed. The U.S. imposed new sanctions on Iran’s oil sector in November but gave a six-month waiver to eight...

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Adnoc Group CEO Wins Lifetime Achievement Award at Petrotech, India

Date : Feb 18, 2019

UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc) Dr Sultan Ahmed Al Jaber won the "International Lifetime Achievement Award" at the ongoing Petrotech energy conference in Indian capital New...

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Eni, SABIC Sign Joint Development Agreement for Innovative Technology

Date : Feb 18, 2019

Eni and SABIC have signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be further transformed into high value fuels and chemicals, such as...

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Tellurian and Petronet Sign MOU for Equity Investment in Driftwood

Date : Feb 15, 2019

Tellurian Inc. announced today that it has signed a Memorandum of Understanding (MOU) with Petronet LNG Limited INDIA (PLL) wherein PLL is exploring the possibility of investment in the Driftwood project, which includes a proposed liquefied...

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Azure Power’s Revenue Increases by 40% to $35 Million in Q3 of FY2019

Date : Feb 15, 2019

Azure Power has announced its consolidated results for the third quarter ending December 31, 2018.

 

The total revenue in the third quarter of FY19 stood at ₹2.430.8 million ($34.9 million) which was up 40...

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IOCL Buys Commissioning Cargo of LNG for New Ennore Terminal

Date : Feb 19, 2019

Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India, in a sign that India’s first terminal in the east coast is readying for start-up, three industry sources said on Monday. State-owned IOC bought a partial LNG cargo for delivery on Feb. 25 from commodities trader Gunvor, the sources said.   It bought the cargo at about $9.50-9.90 per million British thermal units (mmBtu), one of the sources said. The sources declined to comment as they were not authorized to speak with media due to the commercial sensitivity of the matter. A Gunvor spokesman said the company does not comme...

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West Bengal to Get Solar PV Power Plant By March 2019

Date : Feb 18, 2019

The West Bengal State Electricity Distribution Company is setting up a 10 MWp solar photovoltaic-based power unit at Santaldih in Purulia district of West Bengal on EPC basis.

 

In August 2016, Bharat Heavy...

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IOC Gets Govt Nod for New Petroleum Storage Terminal in Telangana

Date : Feb 18, 2019

The Expert Appraisal Committee under the Environment Ministry has given "green signal" to Indian Oil Corporation Ltd for setting up a grass root petroleum storage and distribution terminal in Telangana. According to the...

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Etihad ESCO Completes Solar Retrofit Project in Hatta

Date : Feb 18, 2019

Etihad Energy Services Company (Etihad ESCO), the wholly-owned subsidiary of Dubai Electricity and Water Authority (DEWA), announced the successful completion of the Hatta solar retrofit project.

 

The project...

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DEWA to Seek Partners to Build Solar-Powered Desalination Plant

Date : Feb 15, 2019

Dubai will seek partners this year to build its first solar-powered desalination plant as the emirate tries to diversify away from burning fossil fuels to increase its water supply, the head of the Dubai Electricity and Water...

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UAE-based Tabreed Signs First District Cooling Contract in India

Date : Feb 14, 2019

UAE-based National Central Cooling Company (Tabreed) said it has entered into a 30-year concession with Andhra Pradesh Capital Region Development Authority (APCRDA) to build, own, operate and transfer its first district cooling system in...

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CM Patnaik lays Foundation Stone Laid for Odisha’s Subarnarekha Port

Date : Feb 14, 2019

Chief Minister of Odisha Naveen Patnaik laid the foundation stone of the Subarnarekha port in Balasore district of Odisha on 13 February 2019.

 

The proposed port is being developed by Tata Steel and Creative...

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Maire Tecnimont JV to Build Polymer Facility in Kizad

Date : Feb 14, 2019

Gulf Compound Blending (GCB), a newly-formed joint venture between Met T&S (Maire Tecnimont Group), M Cecchi & Co and Arab Development Establishment, is set to establish a new polymer facility within the Khalifa Industrial Zone Abu...

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Oman Signs Major Deals for Duqm Integrated Power & Water Project

Date : Feb 13, 2019

Oman-based Al Duqm Power Company has signed five major agreements for the construction of an integrated power and water plant in the Special Economic Zone of Duqm at an investment of $480 million, said a...

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BP India Likely to Complete KG-D6 Project by Next Year

Date : Feb 13, 2019

British Petroleum (BP) India on Tuesday said that it expects to complete the entire Krishna Godavari Dhirubhai 6 (KG-D6) project by next year. RIL, along with its partner BP India, is developing three sets of oil and gas discoveries...

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