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Iran, Oman to form Strategic Gas Committee

Date : Jul 16, 2018

The CEO of the National Iranian Gas Export Company (NIGEC) said Iran and Oman were about to form a joint strategic committee to finalize a long-sought gas pipeline project.

 

Speaking to source, Mehran Amir Moeini said an Iranian delegation was scheduled to visit Oman in order to finalize the framework of cooperation between the two countries.

 

Since 2004, Iran and Oman have been in talks to carry out a gas pipeline project in which Iran is expected to send its gas through a sea pipeline to the Persian Gulf country to have it converted into liquefied natural gas (LNG) and then receive it to b...

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Saudi Aramco, NOV to Set-up Drilling Equipment JV

Date : Jul 10, 2018

State oil giant Saudi Aramco said it has signed a shareholder agreement with US-based National Oilwell Varco (NOV) to set up an integrated world-class on-shore rig and equipment manufacturing and aftermarket facility...

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Mena Needs $320bn Investment in O&G Sector

Date : Jul 10, 2018

The Mena region needs at least $320 billion in investment in the oil and gas sector over the next five years, said an industry expert, adding that the private sector can be an important partner in this...

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Haryana Minister: 1.5 Lakh Farmers to Get Grant for Solar Pumps

Date : Jul 09, 2018

Haryana Minister of State for Renewable Energy Banwari Lal said today that the state government would bring a scheme, under which, about 1.50 lakh farmers would be given a grant for solar pumping set.

 

Those...

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Kuwait, Saudi to Resume Production from Neutral Zone in 2019

Date : Jul 09, 2018

Japan's Toyo Engineering Corp said last week that Khafji and Hout oilfields in Kuwait's jointly operated fields in the Neutral Zone with Saudi Arabia would resume output in 2019.

 

The Japanese firm...

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QP Plans to Invest $20bn in US Oil & Gas Fields

Date : Jul 09, 2018

Qatar Petroleum, a global leader in liquefied natural gas (LNG), plans to invest $20 billion in US oil and gas fields, said chief executive officer Saad Sherida Al-Kaabi.

 

The investments will be made over...

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Wood Wins SABIC’s Industrial Services Contract

Date : Jul 06, 2018

Wood secured a new contract with SABIC’s UK Petrochemical unit, to provide industrial services at the Olefins 6 plant in Wilton, Teesside, UK.

 

The contract with SABIC UK Petrochemicals Limited,...

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SEZAD Seeks Omani Investments in Duqm Projects

Date : Jul 06, 2018

Officials from Special Economic Zone Authority at Duqm (Sezad) said that they wanted to get local communities more involved in Duqm, besides drawing in more Omani investment.

 

They added that Sezad’s...

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Hindustan Petroleum May Use Mix of Shares, Cash and Oil Bonds to Buy MRPL

Date : Jul 05, 2018

Hindustan Petroleum Corporation Limited (HPCL) may use a mix of shares, cash and oil bonds to pay for acquiring and merging Mangalore Refinery and Petrochemicals Ltd (MRPL) with itself, according to people familiar with the merger...

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Two Million New Jobs to Be Offered in Wind Energy Sector by 2022, says Suzlon Chairman Tulsi Tanti

Date : Jul 05, 2018

India's wind energy sector will offer two million new jobs by 2022 as the country looks to double its overall manufacturing capacity in the wind space in the next four years, said Tulsi Tanti, chairman and managing director of...

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Shell Launches Latest Fuel Innovation

Date : Jul 05, 2018

Shell Oman has launched Shell V-Power, the latest in fuel innovation designed to offer customers Shell’s best performance and efficiency fuel with Dynaflex Technology.

 

The all-new Shell V-Power is a...

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Precision Drilling Bags Kuwait Rig Contract

Date : Jul 16, 2018

Canada’s Precision Drilling Corporation said it was awarded a five-year contract for a new build drilling rig in Kuwait.   The take or pay contract has an optional one year extension for the rig which will add to the existing five active rigs in Kuwait on long-term contracts, Precision said in a statement.   The company expects the sixth rig to commence operations in the third quarter of 2019.   All six rigs have standardized rig design features and specifications delivered within the last five years. In line with prior new builds, the rig has attractive internal return metrics and a payback period within the initial contra...

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Dewa to Award $3bn Contracts for 85 New Substations in 3 years

Date : Jul 16, 2018

The Dubai Electricity and Water Authority (Dewa) is set to award contracts worth Dh11.4 billion ($3.1 billion) for the construction of 85 new 132/11kV substations and six 400/132kV substations over the next three...

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ACME Bags 600 MW Solar Power Project at SECI

Date : Jul 16, 2018

ACME bags 600 MW Solar PV capacity in the reverse auction held on 02.07.2018 invited by SECI for 2000 MW solar power tender.

 

Solar Energy Corporation of India (SECI) invited solar tenders with cumulative...

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DMRC to Get Green Power from Rewa Solar Plant in Two Months

Date : Jul 16, 2018

The Delhi Metro Rail Corporation (DMRC) will start getting green power from the Madhya Pradesh-based Rewa Ultra Mega Solar Ltd (RUMSL) in the next two months, the first project in the country to supply power to an inter-state open...

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Axens Wins Contract to Optimize SATORP Aromatics Complex Performance

Date : Jul 13, 2018

SATORP (Saudi Aramco Total Refining and Petrochemicals Company) has selected Axens to evaluate, develop, and implement an Advanced Process Control (APC) system for its aromatics complex ParamaX producing high purity Paraxylene and benzene....

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Toyo Renews General Engineering Service Contract to Support KJO

Date : Jul 13, 2018

Toyo Engineering Corporation agreed the third renewal of General Engineering Services Agreement (GESA) original contract valid in 2002 with Al-Khafji Joint Operations (KJO) who operates Khafji and Hout Oil Fields located in...

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Bajaj Hindusthan to Sell 17.51% Stake in Group's Power Firm LPGCL

Date : Jul 13, 2018

Bajaj Hindusthan Sugar plans to sell its entire 17.51 per cent stake in the group firm Lalitpur Power Generation Company Ltd (LPGCL), estimated to be worth Rs 1,100 crore.

 

The company had invested Rs 770...

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Solar Power Tariff Jumps to Rs 3.48 Per Unit in 1 GW UP Auction

Date : Jul 13, 2018

Higher land prices have pushed the solar power tariff to Rs 3.48 per unit in the 1 Gw capacities auction conducted by Uttar Pradesh New and RenewableEnergy Development Agency (UPNEDA), according to a source. 

The Rs 3.48...

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EGA Set to Commission Taweelah Refinery

Date : Jul 11, 2018

Emirates Global Aluminium (EGA), a leading industrial company in the UAE, has received its first shipment of bauxite ore in preparation for the commissioning of its under-construction Al Taweelah alumina...

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CLP India is moving Away from Coal-Fired Power

Date : Jul 11, 2018

One of the earliest international entrants in the India’s power market, CLP, will only invest in zero-carbon emission power projects from here on. That’s according to the chief executive of its Indian arm Rajiv...

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