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Gazprom Neft Increases Production in KRI

Date : Dec 12, 2019

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI).

 

Total cumulative production at the Sarqala field has reached three million tonnes, or 23 million barrels of oil, as at December 2019. Daily liquid hydrocarbon production at this asset is currently running at 4,000 tonnes of oil, or 30,500 barrels, per day.

 

First oil was obtained at the Garmian block (which the Sarqala field is part of) in 2011, with commercial crude shipments commencing in 2015, ...

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Saudi Aramco Raises $26.5bn from IPO

Date : Dec 12, 2019

Saudi Aramco has raised $26.5bn from the initial public offering (IPO) of shares in the company making it the biggest-ever IPO in history.

 

Aramco said last week that it has set a final price of SR32 ($8.53)...

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ADB, India Sign $451mn Loan to Strengthen Power Connectivity

Date : Dec 12, 2019

The Asian Development Bank (ADB) and the government of India inked USD 451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC) in the state of Tamil...

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Emerson Launches IIot Service to Monitor Flow Meters at Wellhead

Date : Dec 11, 2019

US-based Emerson, a global technology and engineering company, has launched IIoT-enabled connected services to remotely monitor multiphase flow meter performance at the wellhead.

 

The new service enables oil...

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ExxonMobil Plans to Set-up Lubes Blending Plant in India

Date : Dec 11, 2019

Texas-based Exxon Mobil Corporation, one of the world's largest oil and gas company, plans to set-up a lubes blending plant in India, according to two executives aware of the development.

 

ExxonMobil...

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Saudi Petchem Sector likely to Decline in Q4

Date : Dec 10, 2019

Spreads for most products in Saudi Arabia’s petrochemical sector is expected to decline sequentially in the fourth quarter (Q4) of 2019 amid weaker pricing environment and higher feedstock costs, said a...

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Shell Oman Launches New Head Office

Date : Dec 10, 2019

Shell Oman has announced the launch of its new head office building project with a ground-breaking ceremony at Mina Al Fahal.

 

The event took place at Shell Oman’s current existing decades old office...

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ME O&G Industry ‘could lose trillions by not going digital’ – Deloitte

Date : Dec 10, 2019

The oil and gas industry in the Middle East region stands to potentially lose trillions of dollars by not fully embracing digital, said professional services firm Deloitte in its latest Middle East Point of View...

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FRV, Harmony Energy to Launch First Utility-Scale Battery Project in UK

Date : Dec 10, 2019

Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer of renewable energy projects, said it has collaborated with British developer Harmony Energy for the launch of its first...

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BERC Dismisses Petition for Tariff Adoption

Date : Dec 10, 2019

The Bihar Electricity Regulatory Commission (BERC) has once again dismissed the petition without granting further time for the tariff negotiation for a 250 MW solar project.

 

In September, the state...

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L&T Wins GCC Power Contracts

Date : Dec 12, 2019

India's top engineering and construction firm Larsen & Toubro (L&T) said its key subsidiaries have secured orders from prestigious clients in GCC and India for its varied businesses.   The first one is from the UAE for the design, supply and construction of a 132kV substation project along with associated 132kV cabling works for one of the government utilities in the emirates clinched by the construction arm of L&T, said a statement from the Indian construction giant.   Additional orders have also been won in ongoing projects in the Middle East, it stated.   The second is a major add-on order from an existing clie...

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India: Demand Raised for Viability Gap Funding for Andhra Petrochemical Project

Date : Dec 12, 2019

A demand to provide viability gap funding for a petrochemical project at Kakinada in Andhra Pradesh was made in Rajya Sabha on Monday. Raising the issue through a Zero Hour mention, K V P Ramachandra Rao of the Congress said a...

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Alba Refinances $1.5bn Line 6 Expansion Syndicated Loan Facility

Date : Dec 12, 2019

Aluminium Bahrain (Alba), the world’s largest smelter excluding China, has announced the successful refinancing of its $1.5-billion syndicated loan facility in connection with its ambitious Line 6 expansion...

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Work Begins on Largest Gas Storage Tank in Middle East

Date : Dec 12, 2019

The CEO of the National Iranian Gas Company (NIGC) said drilling of the first appraisal well in Ghezel Tappeh Reservoir, Golestan, had started to develop the Middle East’s largest gas storage...

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Bahrain Cabinet Approves $1.62bn Utility Projects

Date : Dec 11, 2019

Bahrain Cabinet, chaired by HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier, has approved projects worth BD 615 million ($1.62 billion) to expand the kingdom’s electricity...

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Sagia Joins Xylem to Develop Localised Water Products

Date : Dec 11, 2019

Saudi Arabian General Investment Authority (Sagia) has partnered with Xylem, a leader in water technologies, to develop and localise advanced water and wastewater products and technologies in a bid to address water challenges in Saudi...

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Overhaul of 22 South Pars Gas Platforms Complete

Date : Dec 11, 2019

Overhaul operations of 22 offshore platforms in South Pars Gas Field has come to an end after 160 days.

 

Head of Production Operations at the Pars Oil and Gas Company (POGC) said the annual overhauls were...

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Nemji Solar Plans to Start 1 GW Solar Module Manufacturing Unit by April, 2020

Date : Dec 11, 2019

Nemji Solar, a new entrant into the solar industry has announced that it plans to start operating a 1 GW solar module manufacturing facility by April 2020.

 

The Gujarat-based company also said that it plans...

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Odisha to Privatise State-Owned Electricity Distribution Companies

Date : Dec 09, 2019

The government of Odisha is set to privatise four state-owned electricity distribution companies.

 

Crisil has been given the mandate for managing the sale of Western Electricity Supply Utility of Odisha...

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POGC to Soon Complete Offshore Section of South Pars Phase 14

Date : Dec 06, 2019

The operator of phase 14 development project of the South Pars gas field said the offshore section of the project would be complete this month.

 

According to the Pars Oil and Gas Company (POGC), Mohammadi...

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