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Iraq Plans New Oil Export Pipelines

Date : Jul 22, 2019

As Iraq exports most of its crude oil production, the Iraqi government is trying to diversify its oil export outlets in a bid to avoid any damage that could result from the tense security situation in the Gulf region.

 

Iraqi Prime Minister Adel Abdul Mahdi said in a press conference July 9 said that the government was considering export routes through Syrian and Jordanian territory, and added that Baghdad is “worried about the current events in the Strait of Hormuz and their potential impact on the Iraqi economy.”

 

Last month, Iraq's production of crude oil reached 3.52 milli...

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Nayara Energy to Pump USD 850 Mn to Build Petrochemical Plant

Date : Jul 18, 2019

Nayara Energy will make investment to the tune of USD 850 million to expand into petrochemical. It plans to set up 4, 50,000 tpa polypropylene plant.

The company has licensed technology from WR Grace & Company to produce...

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SABIC, ExxonMobil to Proceed with Gulf Coast Growth Ventures Project

Date : Jul 18, 2019

Saudi Arabia – ExxonMobil and SABIC has announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas, leading to thousands of...

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Abu Dhabi DoE Launches Instant Licensing System

Date : Jul 18, 2019

The Abu Dhabi Department of Energy (DoE), in cooperation with Abu Dhabi Digital Authority (ADDA), has announced the launch of instant licensing services through the Abu Dhabi Government Services System,...

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Raimondi Cranes Unveils Latest Heavyweight Addition

Date : Jul 17, 2019

Raimondi Cranes, a 150-year-old Italian manufacturer of cranes with a major presence in the Middle East region, has unveiled the latest heavyweight addition to its advanced luffing range, the LR372.

 

Equipped...

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ISA Welcomes Saudi's Entry in its Network

Date : Jul 17, 2019

Saudi Arabia is expected to play a significant role in the future of solar energy following an agreement it signed with an inter-governmental organization that has its headquarters outside Delhi in...

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BPCL Buys Gasoline for Kandla in Rare Move

Date : Jul 17, 2019

Bharat Petroleum Corp Ltd has bought gasoline for Kandla in a rare move to meet demand and plug a supply gap after cancelling an earlier purchase tender, industry sources said on Tuesday.

 

BPCL bought 20,000...

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Vedanta to Invest $650 Mln in New Oil Blocks

Date : Jul 17, 2019

Diversified mining company Vedanta Ltd said on Tuesday it will invest $650 million in its new oil and gas blocks that it won in the government’s last two rounds of auctions, chief executive of its oil and gas division Ajay Kumar Dixit...

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Nayara Energy to Invest $850 Million to Build Petrochemical Plant

Date : Jul 17, 2019

Russian oil major Rosneft-backed Indian refinery Nayara Energy said on Tuesday it will be investing $850 million to expand into petrochemical.

 

Nayara plans to set up a 450,000 tonnes a year Polypropylene...

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Petrofac Appoints Mohammed Ghazi Al-Mutairi as Country Chair for Kuwait

Date : Jul 16, 2019

Petrofac has appointed Mohammed Ghazi Al-Mutairi as Country Chair, Kuwait, recognizing the multiple substantial projects and activities the company has in-country and the strategic importance of Kuwait to the...

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Oil India Strikes Big Oil Reserve in Arunachal Pradesh

Date : Jul 16, 2019

Oil India has reported success in striking oil in yet another of its drilled wells in Arunachal Pradesh’s Kumchai field. The KMC-15 well at the Kumchai field that falls within the 427-km Ningru Petroleum Mining Lease (PML) area...

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Indo-Nepal Petroleum Products Pipeline Ready for Commercial Operation

Date : Jul 22, 2019

This is the first transnational petroleum pipeline from India and the first South Asian oil pipeline corridor. It is also the first oil pipeline in Nepal. Indian Oil Corporation (IOC) and Nepal Oil Corporation (NOC) have successfully completed the testing transfer of the pipeline. The diesel released from Motihari in Bihar received at Amlekhgunj in Nepal on Friday. The pipeline is now technically commissioned and ready for launch. The oil pipeline will ensure smooth, cost-effective and environment-friendly supply of petroleum products to Nepal.   The prestigious project is expected to be inaugurated soon by the Prime Minister Narendra Modi and his Nep...

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Bapco's Modernization Programme 25% Complete – CEO

Date : Jul 22, 2019

Bahrain’s ambitious $6-billion Bapco Modernization Programme (BMP) is 25 per cent complete with $1 billion having already been spent, said Dr Pete Bartlett, Bapco CEO.

 

More than 1,300 km of instrument...

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Shelf Drilling Announces Contract Extension on Jack-up Rig

Date : Jul 19, 2019

Shelf Drilling has secured a six-month contract extension on the High Island VII jack-up rig in direct continuation of its current contract for drilling operations in the Arabian Gulf.

 

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PAEW Plans New Water Projects in Oman

Date : Jul 19, 2019

The Public Authority for Water (Diam) is planning to establish a string of new water projects that will cater to 17 wilayats in eight governorates. According to a statement from Diam, a total of 10,797 new facilities in various...

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Dussur, Aramco & HHI Launch Marine Engine Manufacturing and Supply JV

Date : Jul 19, 2019

The Saudi Arabian Industrial Investments Company (Dussur), Saudi Aramco, and Hyundai Heavy Industries (HHI) have signed a joint venture to manufacture 2-stroke and 4-stroke marine and Electric Power Plants (EPP) engines, as well as marine...

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Renewable Project Developer Greenko Receives $329 Million in Equity

Date : Jul 19, 2019

After receiving $495 million (~₹33.92 billion) as primary equity from General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA), Greenko Energy Holdings (Greenko), has now secured another $329 million (~₹22.55 billion)...

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NTPC Commissions First Unit of Nabinagar Super Thermal Power Project

Date : Jul 18, 2019

NTPC has commissioned the first unit of 660 MW capacity under Nabinagar Super Thermal Power Project (three x 660 MW) in Bihar.

 

With addition of this project, the total installed capacity of NTPC has reached...

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Weir Oil & Gas Bags UAE Offshore Service Contract

Date : Jul 18, 2019

Weir Oil & Gas Dubai signed a contract in UAE with a major UAE-based oil and gas operator for rotating equipment rehabilitation services.

 

The contract will allow Weir’s customer to improve...

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Sparrows Wins Rigging Maintenance Services Contract in Qatar

Date : Jul 17, 2019

UK-based Sparrows Group, a global provider of specialist equipment and integrated engineering services, has been awarded its first contract for the provision of rigging loft maintenance services in...

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Hardy Oil & Gas Receives Higher Bid for Troubled Indian Unit

Date : Jul 17, 2019

Hardy Oil & Gas PLC said Monday it has received a higher offer for Indian unit Hardy Exploration & Production. Hardy Oil & Gas agreed to sell the unit for USD1.5 million to Hindustan Oil Exploration Co Ltd on July 1....

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