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DGH Invites Proposals to Establish E-Platforms for Natural Gas Bidding

Date : Oct 22, 2020

The Directorate General of Hydrocarbons (DGH) has invited proposals from agencies to set up e-platforms for natural gas bidding.

 

This follows a Union Cabinet decision to standardise the format for sale of natural gas from discoveries where pricing freedom has been allowed.

 

The sale of gas can be carried out through any one of the empanelled agencies that it shortlists.

 

According to DGH’s terms, the agency should have experience in conducting e-auctions for any of the commodities such as coal, oil and gas, minerals, ores, stores, and machinery equipment.

...

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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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India Can Export Up to 5 GW Wind Energy By 2022, Says Tulsi Tanti

Date : Jul 04, 2018

India can become a global wind energy exporter by 2022 if the government continues to back its commitment to achieve 40 per cent of total installed power capacity from non-fossil fuels by 2030.

 

“We...

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Floating Oil Island for Iraq’s Expected Spurt in Exports

Date : Jul 04, 2018

The South Oil Co. (SOC), based in Basra, Iraq, will establish a floating oil island off the coast of al-Faw Peninsula to increase its export capacity by as many as 2 million barrels a day.

 

The company...

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Honeywell UOP Appoints New President

Date : Jul 04, 2018

Honeywell has announced the appointment of John Gugel as president of Honeywell UOP, a leading supplier of process technology, catalysts, engineered systems, and technical and engineering services to the global petroleum refining,...

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Rowan Signs Jack-up Rig Lease Contract with Aramco

Date : Jul 04, 2018

Rowan Companies, a global provider of contract drilling services, said that the Bob Palmer, a Super Gorilla XL Class jack-up rig has been leased to ARO Drilling for a three-year contract with oil giant Saudi...

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Japan Imports 19mn barrels Crude Oil from UAE

Date : Jul 04, 2018

Japan imported 19.149 million barrels of crude oil from the UAE in May 2018, said the Agency of Energy and Natural Resource in Tokyo.

 

This accounts for 20.7 per cent of Japan's total crude imports, the...

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TPREL Commissions 100 MW of Solar Projects in Ananthapuramu Solar Park

Date : Jul 03, 2018

Tata Power Renewable Energy Ltd. (TPREL), a subsidiary of Tata Power, has announced the successful commissioning of two solar projects of 50 MW each in Ananthapuramu Solar Park, located in the state of Andhra...

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Bapco Records Safety Milestone

Date : Jul 03, 2018

The Bahrain Petroleum Company (Bapco) celebrated an unprecedented record of 20 million employee-hours of work without a lost time injury (LTI) at a ceremony held in the Bapco Club in Awali.

 

This is the very...

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Karoun Company Realizes Production Plan in H1

Date : Oct 22, 2020

The CEO of Karoun Oil and Gas Production Company (KOGPC) announced the realization of 101% of the company's crude oil production plan in the first half of the current calendar year, which began on March 21.   According to the National Iranian South Oil Company (NISOC), Gholamreza Mofidi said his company’s output exceeded its planned production during the period despite the difficulties caused by the sanctions and while observing environmental and safety requirements.   He added: "By carrying out repair measures and intensifying control procedures, another valuable achievement was achieved in collecting associated petroleum ga...

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Alucor Signs Leasing Deal with Hamriyah Free Zone Authority

Date : Oct 22, 2020

Alucor, an international engineering, procurement, and construction contractor, said it has reached an agreement with Sharjah-based Hamriyah Free Zone Authority (HFZA) to lease over half-a-million-square-foot plot of land...

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APICORP Provides $70.5mn Finance for Phase 5 of MBR Solar Project

Date : Oct 21, 2020

The Arab Petroleum Investments Corporation (APICORP), multilateral development financial institution, has signed an agreement with Shuaa Energy 3 P.S.C sponsored by Dubai Electricity and Water Authority (“DEWA”), ACWA Power and...

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Sabalan Petchem Plant in South Pars Nearly Complete

Date : Oct 21, 2020

Sabalan Petrochemical Project has so far made 95 percent and the project will become operational soon.

 

The CEO of Sabalan Petrochemical Plant, Mohammad Zali, said the project would generate 350 direct and...

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ADB, India Sign Deal to Improve Urban Services in Madhya Pradesh

Date : Oct 21, 2020

The Asian Development Bank (ADB) and the government of India inked USD 270 million loan agreement to develop water supply & integrated storm water and sewage management infrastructure and strengthen capacities of urban local bodies (ULBs)...

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NTPC Forms New Subsidiary for Renewable Energy Business

Date : Oct 21, 2020

NTPC has incorporated a wholly-owned subsidiary in the name of NTPC Renewable Energy to undertake renewable energy business.

 

In August 2020 NTPC had received approval from Niti Aayog and the Department of...

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KSEB Plans to Set Up Floating Solar Panels at Idukki Reservoir

Date : Oct 20, 2020

The Kerala State Electricity Board (KSEB) is setting up solar floating panels at the Idukki reservoir to produce 125 MW power.

 

The 125 MW panels will be placed in Anchuruli and Cheruthoni areas of the dam...

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BP Begins Production from Ghazeer Gas Field in Oman

Date : Oct 16, 2020

BP, in partnership with OQ, PETRONAS and the Ministry of Energy & Minerals in Oman, announced production has begun from its Block 61 Phase 2 Ghazeer gas field.

 

Ghazeer was initially expected to come into...

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Sharjah Project to Boost Power Grid Efficiency

Date : Oct 16, 2020

Sharjah Electricity, Water and Gas Authority (Sewga) is working on its strategic plan to boost the efficiency of the power grid and improve its performance to ensure the stability and continuity of the power supply across the...

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SWCC Completes Work on 7 Desalination Plants

Date : Oct 16, 2020

The Saline Water Conversion Corporation (SWCC) has completed the work on seven small- and medium-sized desalination plants that have a total production and supply capacity of 304,350 cu m per day, said a...

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