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DNO Receives Payment for Crude Deliveries from Tawke

Date : Apr 03, 2020

DNO ASA, the Norwegian oil and gas operator, reported receipt of US$77.2 million as payment for October 2019 crude oil deliveries from the Tawke license in the Kurdistan region of Iraq.

 

The funds for deliveries to the export market, will be shared by DNO and partner Genel Energy plc pro-rata to the companies' interests in the license.

 

Separately, a payment of $5.71 million was also been received net to DNO, representing three percent of gross October 2019 Tawke license revenues, as provided for under the August 2017 receivables settlement agreement with the Kurdistan Regional...

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Unique Group to Represent OTAQ Offshore in ME, APAC and America

Date : Apr 01, 2020

Leading integrated subsea and offshore solutions provider, Unique Group, has recently signed an exclusive rental agreement with UK-based OTAQ Offshore to represent the latter’s technology and products across the Middle East, APAC and the...

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Zamil Shipyards, KenzFigee Ink MoU for Saudi Cooperation

Date : Apr 01, 2020

Zamil Shipyards, part of Zamil Offshore Services Company, and KenzFigee signed a Memorandum of Understanding (MoU) for a mutual cooperation in the Kingdom of Saudi Arabia for the provision of offshore crane services and local construction of...

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Vedanta CEO Resigns; Sunil Duggal to take over as Interim CEO

Date : Apr 01, 2020

Diversified mining firm Vedanta Ltd stated that Chief Executive Officer S Venkatakrishnan has resigned due to personal reasons, less than two years after he took the post. Srinivasan Venkatakrishnan will be stepping down as CEO and...

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India: Ministry of Power Proposes Waiver to Power Plants

Date : Apr 01, 2020

The Union Ministry of Power has asked the Ministry of Coal and Railways to exempt power plants from advance coal and freight payments for three months, in order to avoid electricity supply disruptions amid Corona virus...

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Oil Companies Slash 2020 Spending 18% after Prices Slump

Date : Mar 31, 2020

The world's biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and...

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IndianOil, Mangalore Refineries Declare Force Majeure on Mideast Crude Purchase

Date : Mar 31, 2020

Two Indian refiners has declared force majeure on crude purchases from the Middle East on Friday after fuel demand plummeted due to a nationwide lockdown to stem the spread of coronavirus and the companies' tanks are full, sources...

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Fourth Partner Energy, Lithium Urban Technologies to Set up EV Charging Infra in India

Date : Mar 31, 2020

Fourth Partner Energy, Hyderabad-based solar energy company and Lithium Urban Technologies, an electric vehicle (EV) fleet operator, have entered into a partnership to build solar-powered charging infrastructure across the...

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DNO Slows Drilling at Kurdistan's Tawke

Date : Mar 30, 2020

DNO has stated that development drilling at the Tawke field in the Kurdistan Region of Iraq has been scaled back due to the current market conditions.

 

DNO stated that the company’s and contractor staff...

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Ma’aden Wins ISO Certifications for Two Complexes

Date : Mar 30, 2020

Saudi Arabian Mining Company (Ma’aden) said its subsidiary, Ma’aden Phosphate Company (MPC), has won major ISO certifications - for its Asset Management System (ISO 55001) and Risk Management System (ISO 31000) - for two of its...

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India’s Rooftop Solar Energy Capacity Stands at 1,922 MW

Date : Mar 30, 2020

The country's rooftop solar energy capacity stands at 1,922 MW and so far over Rs 1,874.39 crore has been released as central financial assistance towards installation of capacities in the sector.

 

Till...

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STATS Group Strengthens Pipeline Technology Operations in Oman

Date : Apr 03, 2020

STATS Group, a pipeline technology company, has strengthened its presence in Oman with the opening of a new workshop, storage and testing facility in Muscat.   The expansion comes after the pipeline technology specialist secured a two year extension to a master services agreement with Petroleum Development Oman (PDO) to provide pipeline isolation and hydrostatic testing services.   Also in the Middle East, STATS have trebled the size of their operation in Abu Dhabi in a move to a larger workshop and office facility in the Mussafah district.   STATS Group are market leaders in the supply of pressurised pipeline isolation, hot tapp...

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Indian Renewable Energy Projects Get Extension due to Lockdown

Date : Apr 03, 2020

All renewable energy projects under implementation will be given extension of time considering period of lockdown and time required for remobilisation of work force due to Corona virus outbreak.

 

The pandemic...

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Iran to Resume Gas Exports to Turkey Soon – NIGC

Date : Apr 02, 2020

National Iranian Gas Company (NIGC) says Iranian gas exports to Turkey will resume in a few days after repairing the gas pipeline from Iran to Turkey which was hit by an explosion on Tuesday morning.

 

Turkish...

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Sharjah’s SNOC Slightly Delays Mahani 1 Gas Project

Date : Mar 31, 2020

UAE's Sharjah National Oil Company (SNOC) said that current impact of the coronavirus outbreak will delay the startup of production at its Mahani gas exploration project.

 

"In terms of the Mahani...

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Sinopec Deploys Giant Crawler Crane at Duqm Refinery Project Site

Date : Mar 31, 2020

Chinese specialist heavy lifting and transportation contractor Sinopec Heavy Lifting & Transportation Company (SLT) has deployed the world's largest crawler crane - its fully-owned XGC88000 machine - to lift into place a massive piece...

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India: Over 62 GW Coal-Based Power Plants Under Construction

Date : Mar 31, 2020

Coal based power plant projects of 62.23 GW capacity are currently under various stages of construction in the country.

 

Of this, 19.78 GW are central sector coal-based projects, 18.72 GW state sector power...

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Consortium Finalises Financing for Ibri Solar PV Power Plant

Date : Mar 30, 2020

A consortium consisting of ACWA Power, GIC and AEPC have finalised financing for the US$400 million 500 MW solar photovoltaic (PV) power project at Ibri in Oman, which is also the largest utility scale solar plant in the country as of...

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Gujarat to Install Solar Systems to Power 15 Water Treatment Projects

Date : Mar 30, 2020

Gujarat’s Chief Minister Vijaybhai Rupani has approved the proposals to install solar systems in the state at an approximate cost of Rs. 136.1 million. The solar energy generated from these solar systems will be utilized for 15...

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UL, GCC Labs Inaugurate First Renewable Energy Services Lab in Dammam

Date : Mar 27, 2020

UL, global safety science organisation, and Saudi-based GCC Electrical Testing Laboratories (GCC Labs) inaugurated their first joint venture lab in Dammam under the patronage of Prince Abdulaziz bin Salman, Saudi Arabia's Minister...

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JSPL Mulls Setting Up Steel Plant at Patratu

Date : Mar 27, 2020

Jindal Steel and Power (JSPL) is exploring possibility for setting up a steel plant at Patratu in Ramgarh district of Jharkhand. The plant will have a capacity of two to 2.5 million tpa.

 

The company...

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