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Eni Commences Drilling Oman’s First Deepwater Offshore Well

Date : Feb 20, 2020

In a move that bodes well for efforts to harness Oman’s untapped offshore hydrocarbon potential, the local subsidiary of global energy major Eni has commenced drilling of what is billed as the first deep-water well in the Sultanate’s history.

 

A drillship chartered by Eni Oman commenced drilling activities in Block 52, a vast deepwater concession that extends off the Sultanate’s southern and south-eastern seaboard, a high-level executive said.

 

“Yes, I can confirm that drilling operations started on February 10 of this year,” said Salvatore Giammetti, Managing D...

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ONGC to Invest Rs 78,000 cr in Andhra Pradesh

Date : Feb 20, 2020

The Oil and Natural Gas Corporation (ONGC) has lined up an estimated investment to the tune of Rs 78,000 crore in Andhra Pradesh.

 

The investment includes Rs 68,000 crore for offshore projects and the...

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RSGT Receives New Advanced Terminal Equipment

Date : Feb 19, 2020

Red Sea Gateway Terminal (RSGT), a world-class terminal spearheaded by the Saudi Industrial Services Company (Sisco), has announced the arrival of the first consignment of new advanced terminal...

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MNRE to let go Ceiling Tariff in Wind Energy Tenders

Date : Feb 19, 2020

The Union Ministry of New and Renewable Energy (MNRE) is planning to stop imposing ceiling tariffs on wind tenders.

 

Recent wind and solar auctions conducted by the Solar Energy Corporation of India (SECI),...

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Genel Energy Announces Update on Tawke and Peshkabir Fields

Date : Feb 18, 2020

Genel Energy plc notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity:

 

Gross production from the Tawke license, containing the Tawke and...

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GivePower and Zero Mass Water Win Innovative Projects Award

Date : Feb 18, 2020

The US-based companies GivePower foundation and Zero Mass Water won the first and third place, respectively in the Innovative Projects Award – Small Projects category, at the 2nd cycle of the Mohammed bin Rashid Al Maktoum Global Water...

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Mena Energy Investments will Reach $1 trillion – Apicorp

Date : Feb 18, 2020

Despite a set of recent regional geo-political events as well as global health concerns such as the coronavirus, the Arab Petroleum Investments Corporation (Apicorp) remains confident that the estimated committed and planned...

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Dubai-based Corys, GF Piping Systems Form Pipes JV

Date : Feb 17, 2020

Corys Investments, the UAE family-owned business located in Dubai, has announced its new joint venture (JV) with GF Piping Systems, a division of GF, and Egypt Gas, listed on the Egyptian Stock market and the largest company for natural gas...

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Engie in Partnership with Edelweiss for Big India Solar Assets

Date : Feb 17, 2020

Engie, an independent power and water producer in the region, has announced a strategic partnership with Edelweiss Infrastructure Yield Plus (EIYP), a major investment fund managed by Edelweiss Alternative Asset Advisors, to boost its solar...

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Former Indian Oil Chairman Sarthak Behuria Joins RIL

Date : Feb 17, 2020

Former Indian Oil Corp (IOC) chairman Sarthak Behuria has joined Reliance Industries as a senior advisor and will help shape the firm’s fuel retail business. Behuria, 68, was till last year with the Adani Group. Sources said...

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Emirates Global Aluminium Secures $600mn Loan

Date : Feb 20, 2020

Emirates Global Aluminium (EGA), one of the largest industrial companies in the United Arab Emirates (UAE), secured a $600 million three-year revolving loan from UAE and international banks.

 

Commercial Bank of Dubai, Emirates NBD, Mashreqbank and Standard Chartered were joint lead arrangers and bookrunners for the deal, the company said in a statement.

 

The loan "replaces uncommitted facilities extended to EGA separately by a number of banks," the company said.

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UAE Gets Go-ahead to Start Region's First Nuclear Plant

Date : Feb 20, 2020

The UAE’s independent nuclear watchdog, the Federal Authority for Nuclear Regulation (FANR), has issued an operating licence for Unit 1 of the Barakah Nuclear Power Plant, thus giving the go-ahead on operations for the first nuclear...

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Odisha Govt Approves NTPC’s Growth Plan for Thermal Power Plant

Date : Feb 20, 2020

The government of Odisha has sanctioned approval for NTPC’s Talcher Thermal Power Station expansion plan entailing an investment of Rs 7,698 crore.

 

The project involves setting up 1,320 (two x 660 MW)...

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Bahrain Commissions Key LNG Receiving and Regasification Terminal

Date : Feb 20, 2020

Bahrain LNG, the developer and owner of the first LNG receiving and regasification terminal in the Middle East on a PPP basis, has announced that it has completed the construction and commissioning of the terminal located in...

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Proserv Secures Major Subsea Controls Deals

Date : Feb 19, 2020

Leading controls technology provider Proserv Controls, with facilities across the Arabian peninsula including in Dubai, Abu Dhabi and Dammam, saw several substantial wins for its globally renowned subsea controls team through Q3 and Q4...

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L&T Unit Wins Saudi Substation Project Contracts

Date : Feb 19, 2020

India's top engineering and construction firm Larsen & Toubro (L&T) said its Power Transmission and Distribution Business unit has won a key contract to build a 380-kV substation in Saudi Arabia along with an associated 230-kV...

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West Bengal Approves PPA for Waste Gas-Based Captive Project

Date : Feb 19, 2020

The West Bengal Electricity Regulatory Commission (WBERC) has approved a power purchase agreement (PPA) for the purchase of surplus power from a waste gas-based generating project.

 

The PPA was signed between...

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Surana Solar Systems Plans Solar Photovoltaic Modules Unit

Date : Feb 19, 2020

Surana Solar Systems is planning to set up a solar photovoltaic modules unit with a capacity of 40 MW at Maheshwaram in Ranga Reddy district of Telangana.

 

The project is valued at Rs 200 crore and spread...

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Mubadala Petroleum, Gazprom to Expand Technological Cooperation

Date : Feb 18, 2020

UAE's Mubadala Petroleum and Russia's Gazprom Neft have agreed to work together in developing new technologies in oil production, and digitalisation of production processes.

 

Gazprom Neft and Mubadala...

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Indian Govt to Acquire 187.34 acres for BD-India Oil Pipeline

Date : Feb 18, 2020

The government has taken a project for acquiring land and developing ancillary facilities to implement the Bangladesh-India Friendship Pipeline Project. Meghna Petroleum Limited under the state-owned Bangladesh Petroleum Corporation...

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