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QP Announces the Start of ICV Evaluation in Energy Sector Tenders

Date : Jul 06, 2020

Qatar Petroleum announced the commencement of In-Country Value evaluation in the energy sector tenders starting July 2020 through “Tawteen”, the localization program for services and industries in Qatar’s energy sector.

 

The ICV program will alter the way in which the procurement process is conducted in the energy sector, where suppliers and contractors who are contributing most to the local economy will gain a commercial advantage in the competitive bidding process.

 

The launch follows a six-month grace period that started from January 2020, and which gave suppliers the chance to acquire thei...

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Ecolog, Siemens in Deal to Provide Industrial Wastewater Treatment Solution

Date : Jun 30, 2020

Ecolog International, a leading global provider of integrated services, technology, environmental solutions, energy, logistics, engineering and construction solutions, and Siemens Energy's Water Solutions business, a leading...

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Energy Investments in Mena to Decline by $173bn – Apicorp

Date : Jun 30, 2020

The planned and committed energy investments in the Mena region will exceed $792 billion over the next five years (2020–2024), a $173 billion decline from the $965 billion in last year’s five-year outlook, estimates Arab Petroleum...

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Seeq Expands Support for O&G Industry Data Storage Systems

Date : Jun 30, 2020

Seeq’s expanded support for oil and gas industry data storage systems enables advanced analytics and faster data-based decision making in the current challenging environment.

 

Seeq Corporation, a leader...

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India: Hindustan Zinc Puts Wind Energy Assets on Block

Date : Jun 30, 2020

Vedanta Group Company Hindustan Zinc has put its wind energy assets on the block. The assets are valued at around Rs 1,500 crore and described as ‘non-core’.

 

Two renewable energy companies backed by...

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Gulf Keystone Petroleum Provides Operational and Corporate Update

Date : Jun 29, 2020

Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq ("Kurdistan" or "Kurdistan Region"), has provided an operational and corporate...

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Empower Unveils Guidelines for Zero Breakdowns in Cooling Systems

Date : Jun 29, 2020

Emirates Central Cooling Systems Corporation (Empower) has urged its customers to apply simple steps to ensure the continuity in cooling services during the summer, a period when there is high demand for cooling services from...

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India aims to Double Refining Capacity to 500 MT by 2030

Date : Jun 29, 2020

India is aiming to double its refining capacity to around 450-500 million ton (MT) in the next 10 years, said Union petroleum and steel minister Dharmendra Pradhan.

 

The country already has the world’s largest...

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India: Centre Initiates Separation of Power Transmission Business from PGCIL

Date : Jun 29, 2020

The Central government has initiated separation of electricity transmission system planning business from the Power Grid Corporation of India (PGCIL).

 

The move will help PGCIL diversify to other businesses....

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India to Lead Asia’s New-Build Trunk Pipeline Additions by 2023

Date : Jun 26, 2020

India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 59 per cent of the continent’s planned and announced pipeline length additions between 2020 and 2024, according to...

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CEOs Express Optimism on Recovery Despite Pandemic

Date : Jun 25, 2020

Global energy giants representing the world’s leading oil, gas, and petrochemical companies united around the common purpose of ensuring sustainable global energy supplies as economies begin to reopen and the world adjusts to the next...

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GE's Saudi Power Plant Gets Top EHS Rating

Date : Jul 06, 2020

General Electric (GE) said Saudi Electricity Company (SEC) has awarded 5 stars to Waad Al Shamal, one of its major integrated solar and combined-cycle power plant projects, for maintaining environment, health and safety (EHS) standards.   With this recognition, Waad Al Shamal has become one of the key power plants under construction in Saudi Arabia to obtain a five-star rating for EHS performance from SEC.   For this project, GE is providing turnkey services, including engineering, procurement and construction (EPC) works, and supplying four GE 7F gas turbines; one steam turbine and four heat recovery steam generators (HRSGs), as well as other equi...

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Masdar to Boost its Renewable Capacity on New Projects – CEO

Date : Jul 06, 2020

Abu Dhabi Future Energy Company (Masdar) plans to boost its renewable energy capacity to 8 gigawatts (GW) before the end of this year, as it expands globally and bids for new projects, said its chief...

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SWCC's Al-Shaqeeq Desal Plant Operational before Set Date

Date : Jul 03, 2020

Saline Water Conversion Corporation (SWCC) said its mega development Al Shaqeeq Desalination Plant has become operational in record time and well ahead of schedule (one-third of the specified time).

 

It is now...

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KCA Deutag Secures $460mn Land Drilling Contracts

Date : Jul 03, 2020

Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe.

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Acwa Power Eyes Iraq Solar PV Projects

Date : Jul 03, 2020

Acwa Power of Saudi Arabia is prepared to execute solar photovoltaic (PV) projects it has proposed to develop in Iraq once the new government gives permission to proceed.

 

Acwa Power proposed developing two...

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India: AP Approves Proposal for a 10 GW Mega Solar Project for Agricultural Sector

Date : Jul 03, 2020

The Andhra Pradesh cabinet has approved the proposal to develop a 10 GW mega solar power project for the benefit of the farmers in the state. The project will supply nine hours of continuous power to the farmers during the daytime,...

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ONGC, OIL Top Bidders for 11 Oil & Gas Blocks

Date : Jul 03, 2020

ONGC was the sole bidder for six blocks, OIL was the lone bidder in all the four blocks it bid for, the Directorate General of Hydrocarbons said. India's latest oil and gas block bid round attracted only 12 bids for the 11 areas...

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Iran: Largest Methanol Tower Built Locally

Date : Jul 02, 2020

MP METHANOL tower, designed as the largest tower in methanol units, was designed and built by Fateh Sanat's experts for Siraf Energy Methanol project.

 

Domestic manufacturing of the tower prevented $3 to...

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Firms Submit Interest in $3.5bn Ras al-Khair Desalination and Power Plant

Date : Jul 02, 2020

Prospective investors have submitted expressions of interest (EOI) in the privatisation of the existing Ras al-Khair desalination and power plant, a deal which is likely to be worth up to $3.5bn and represents the first major utilties plant...

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India: Deloitte, SBI Capital Markets Appointed to help UTs Power Discoms’ Privatisation

Date : Jul 02, 2020

Deloitte and SBI Capital Markets have been appointed as consultants to help with the privatisation of Union Territories’ electricity distribution companies (discoms).

 

The state-run Power Finance Corporation...

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