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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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India: Govt May Revive Plan to give Statutory Powers to DGH

Date : Dec 10, 2019

After giving more attractive terms under its new hydrocarbon exploration licensing policy (HELP), the government is now likely revive plans to reform the regulatory framework in the oil and gas sector by arming the office of upstream regulator...

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Aramco to Rise above $2tn Valuation – Energy Minister

Date : Dec 09, 2019

Saudi Aramco may float on the stock market at a valuation below the $2 trillion the Kingdom initially targeted, but it will soon rise above that level on the open market Energy Minister Prince Abdulaziz Bin Salman predicted on...

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KAPP Closes IPO of Shamal Azzour Power, Water Plant

Date : Dec 09, 2019

Kuwait Authority for Partnership Projects (KAPP) has announced that it has successfully concluded the public offering of its stake in Shamal Azzour Al Oula, the owner and operator of the Az-Zour North One Power and Water...

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Schneider Launches New Smart Distribution Center in Dubai

Date : Dec 09, 2019

Schneider Electric, a leader in the digital transformation of energy management and automation, has opened its new Smart Distribution Center in Dubai.

 

It is the first Smart Distribution Center in the region...

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RIPI to Host Petrotest in Tehran this Month

Date : Dec 09, 2019

The Research Institute of Petroleum Industry (RIPI) is to host the first startup event for university students for the Iranian Ministry of Petroleum in December.

 

Organized by the Ministry of...

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Deloitte Appointed as Advisor for Strategic Sale of BPCL

Date : Dec 09, 2019

The Department of Investment and Public Asset Management (DIPAM) has appointed Deloitte Touche Tohmatsu Ltd as an advisor for the strategic sale of Bharat Petroleum Corporation Ltd (BPCL), which will see the government selling its...

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India: NRL to Venture into Exploration and Production in Assam

Date : Dec 06, 2019

Numaligarh Refinery Ltd (NRL) would soon venture into the upstream business of exploration and production, following the nod from Union Ministry of Petroleum and Natural Gas to acquire participatory interest in two blocks in...

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ONGC Receives Oil & Gas Exploration Company Of The Year 2019 Award By FIPI

Date : Dec 06, 2019

Energy major Oil and Natural Gas Corporation Limited (ONGC) received the Federation of Indian Petroleum Industries (FIPI) Oil & Gas Exploration Company of the Year 2019 Award on 2 December 2019. The Energy Maharatna was conferred...

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Saudi Aramco Inks Agreement with GFRP Rebar Maker

Date : Dec 05, 2019

Saudi Aramco has signed an agreement with New Zealand-based Pultron Composites, alongside its subsidiary company, Mateenbar in Dubai, a manufacturer of industry-approved glass fibre-reinforced polymer (GFRP) rebar for future use of the product...

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Bahri Showcases its Portfolio at Saudi Maritime Forum

Date : Dec 05, 2019

Reaffirming its commitment to driving growth and development of the Saudi maritime industry, Bahri, a global leader in logistics and transportation, participated in the first edition of the Saudi International Maritime (SIM) Forum...

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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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