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Schneider Electric Invests in AutoGrid to Drive new AI Solutions

Date : Jun 17, 2019

Schneider Electric, a leader in the digital transformation of energy management and automation, has announced an investment in AutoGrid, a leader in flexibility management software for the energy industry.

 

The investment makes Schneider Electric a major shareholder in the company and establishes a co-innovation partnership focused on driving new AI (artificial intelligence) and machine learning solutions for the utilities and commercial and industrial companies.

 

The investment is led by Schneider Electric Ventures, part of Schneider Electric's newly-formed Innovation a...

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Oil Price Surges due to Regional Tension

Date : Jun 17, 2019

Saudi Arabia has blamed Iran for attacks on two oil and chemical tankers in the Gulf of Oman waters but stopped short of declaring a conflict. Regional tension has pushed up oil prices.

 

Crown Prince Mohammed...

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KOTC’s Vessels Operating Normally; Safety Precautions in Place

Date : Jun 17, 2019

State-run Kuwait Oil Tanker Company (KOTC) said on Thursday its vessels were operating as normal after suspected tanker attacks in the Gulf of Oman.

 

The company is ready for any emergency and has taken all...

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India: 5mn Tons of Oil Reserves Lie Uninsured

Date : Jun 17, 2019

India is unable to secure insurance cover for about 5 million tonnes of crude oil reserves kept in caverns for any exigency, which also include supplies from sanctions-hit Iran. Global reinsurers are unwilling to provide cover fearing...

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GAIL Offers to Assume Konkan LNG’s Debt in Exchange for Stake

Date : Jun 14, 2019

State-run gas utility GAIL (India) Ltd has proposed to assume the debt of about ₹40 billion of Konkan LNG Pvt. Ltd in lieu of receiving the lenders’ stake in the company for free, said two bankers aware of the discussions. The...

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Maharashtra to Renegotiate Tariffs for 1,170 MW of Auctioned Solar Projects

Date : Jun 14, 2019

The Maharashtra Electricity Regulatory Commission (MERC) has ordered Maharashtra State Electricity Distribution Company Limited (MSEDCL) to renegotiate tariffs with solar developers for projects allocated to...

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Tamil Nadu Launches Procedure for Deviation Settlement of Wind and Solar Projects

Date : Jun 14, 2019

Tamil Nadu State Load Dispatch Centre (TNSLDC) and Tamil Nadu Electricity Regulatory (TNERC) have issued the procedure for forecasting, scheduling, and deviation settlement mechanism of wind and solar...

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Lukoil, Oil Minister, Discuss Prospects for Cooperation

Date : Jun 14, 2019

The President of Lukoil, Vagit Alekperov (pictured), has met with Thamir Abbas Ghadhban Al Ghadhban, Deputy Prime Minister and Minister of Oil of the Republic of Iraq, at the St. Petersburg International Economic...

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Two Oil Tankers Damaged in Suspected Attacks in Gulf of Oman

Date : Jun 14, 2019

Two oil tankers were hit in a suspected attack in the Gulf of Oman early on Thursday, causing oil prices to surge and raising the already heightened tensions in the Middle East. The tankers were evacuated and the crew is reported...

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Saudi Oil Reserves Up by 12% in 2018 – BP

Date : Jun 14, 2019

Saudi Arabia’s oil reserves were revised upwards by 12 per cent in BP’s new Statistical Review, moving the Kingdom closer to the top spot after it revealed long-held reserves secrets.

 

Saudi...

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Investment Approved for Ramagundam Floating Solar PV Project

Date : Jun 17, 2019

NTPC has received investment approval for a solar project in the state of Telangana.

 

The project involves setting up 100 MW Ramagundam Floating Solar PV Project, Phase-I in Peddapelli district of Telangana.

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IOC Plans to Invest over Rs 1300bn in Kolkata in Next 2 Years

Date : Jun 17, 2019

Indian Oil plans to invest over Rs 13 billion in West Bengal in the next two years in various disciplines that include BS VI compliance of IOC’s Haldia refinery, unveiling diesel emission additives, new retail outlets, solar...

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DEWA Seeks Consultants to Develop Floating Solar Power Plants

Date : Jun 14, 2019

Dubai Electricity and Water Authority, DEWA, has issued a request for proposal, RFP, for appointing consultants to study, develop and construct floating solar photovoltaic plants in the Arabian Gulf.

 

This is...

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HPCL’s LNG Terminal JV Takes Off, Awards First Contract After 6 Yrs

Date : Jun 13, 2019

Six years after forming a 50:50 joint venture–HPCL Shapoorji Energy Pvt Ltd–to set up a 5 mtpa liquefied natural gas terminal at Chhara in Gujarat, partners Hindustan Petroleum Corp Ltd and the Shapoorji Group have awarded 25 bln rupees...

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HPCL Launches Quality Assurance Campaign

Date : Jun 12, 2019

As a part of customer connect program, Hindustan Petroleum Corporation Ltd (HPCL) has launched a month-long quality and quantity (Q&Q) assurance campaign titled ‘HP hai Jahan bharosa hai wahan’ at its retail outlets across the...

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Petronet LNG Completes Dahej Import Terminal Expansion

Date : Jun 12, 2019

Petronet LNG has completed a 2.5 million mt/year expansion at the Dahej LNG import terminal which will be fully operational by the end of the month, sources familiar with the matter told S&P Global Platts. Petronet LNG, in a note...

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Sipchem Signs Primary Hydrogen Supply Deal with Aramco’s Unit

Date : Jun 12, 2019

Sahara International Petrochemical Company (Sipchem) has signed a 20-year hydrogen supply agreement with Saudi Aramco Shell Refinery Company (SASREF), based in Jubail Industrial City.

 

Under the deal, Sipchem...

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TNSLDC Launches Procedure for Deviation Settlement of Wind and Solar Projects

Date : Jun 11, 2019

Tamil Nadu State Load Dispatch Centre (TNSLDC) and Tamil Nadu Electricity Regulatory (TNERC) have issued the procedure for forecasting, scheduling, and deviation settlement mechanism of wind and solar...

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Ineos Signs Deal to Build $5bn Chemical Plants in Saudi Arabia

Date : Jun 11, 2019

Ineos, a leading manufacturer of petrochemicals, specialty chemicals and oil products, has signed agreements with state oil giant Saudi Aramco and French energy major Total to build three new plants in Jubail region of Saudi...

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Lukoil, Oil Minister, Discuss Prospects for Cooperation

Date : Jun 10, 2019

The President of Lukoil, Vagit Alekperov (pictured), has met with Thamir Abbas Ghadhban Al Ghadhban, Deputy Prime Minister and Minister of Oil of the Republic of Iraq, at the St. Petersburg International Economic...

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