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Enoc Unit Supplies over 30,000 litres of Fuel for Disinfection Drive

Date : Jun 05, 2020

Emirates National Oil Company said its digital fuel delivery unit, Enoc Link, supported Dubai Municipality’s nation-wide disinfection drive by supplying more than 30,000 litres of fuel to undertake various sanitisation measures across the emirate.

 

The company has been supporting the nation-wide disinfection drive since March 31. Dedicated delivery trucks fuelled 140 vehicles and 62 critical equipment of Dubai Municipality with free petrol and diesel, said a statement from Enoc.

 

The Enoc unit had dedicated two diesel and one petrol truck, which were located at the Dubai Municipality’s headquart...

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Oil Demand to Bounce Back Only in Q3 2021 – MUFG

Date : May 27, 2020

Global oil demand will not return back to pre-COVID-19 levels until Q3 2021, says MUFG’s Mena Research.

 

Leading indicators signal that global oil demand is recovering at an uneven pace. The nadir in...

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TAQA, CGG in Deal to Expand ARGAS Operations Globally

Date : May 27, 2020

Industrialization and Energy Services Company (TAQA) and CGG - the shareholders of Arabian Geophysical & Surveying Company (ARGAS) - announced that they executed a new agreement which waives all territorial, technical, commercial...

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Green Energy Capacity to Grow by 6pc in 2020 despite Covid-19 – IEA

Date : May 27, 2020

Overall global renewable power capacity is expected to grow by 6 per cent in 2020, surpassing the total power capacity of North America and Europe combined, despite the slowdown in new additions, said the International Energy Agency...

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India Plans to Store Low Price US Oil in Facilities there

Date : May 27, 2020

India is looking forward at storing low price US oil in facilities there as its local storage is full.

 

India is exploring some possibility if it can store some of the investment in a different country.  It is...

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IL&FS Seeks EoI from Buyers to Sell its Entire Stake in ONGC Tripura Power

Date : May 27, 2020

Infrastructure Leasing & Financial Services (IL&FS) group on Monday sought expressions of interest (EoI) from potential buyers to sell its entire 26% stake in gas-based power plant ONGC Tripura Power Company Ltd. The proposed sale is part of...

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Bahrain Eyes Strengthening Ties with US Oil Companies

Date : May 26, 2020

Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa highlighted the latest developments in the oil sector in the kingdom during the coronavirus pandemic and its economic consequences.

 

He was taking part in a...

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Genel Energy Issues Trading and Operations Update

Date : May 26, 2020

Genel Energy has issued a trading and operations update ahead of the Company's Annual General Meeting (‘AGM’), which is being held. The information contained herein has not been audited and may be subject to further...

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India's Fuel Demand Recovery Gathers Pace

Date : May 26, 2020

A recovery in fuel demand in India gathered momentum in the first half of May versus April as curbs on transport and industrial activity were partly lifted in areas that have contained the spread of coronavirus, data from industry sources...

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Nakilat and Shell Commence Fleet Management Transition, Phase 2

Date : May 26, 2020

Nakilat has commenced the second phase of its fleet management transition from Shell International Trading and Shipping Company Limited, with Q-Max LNG carrier Al Mayeda being the first vessel transitioned as part of several vessels phased...

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UAE to cut Oil Output by 100,000 bpd in June

Date : May 25, 2020

The UAE will voluntarily cut its oil output by 100,000 barrels per day in June in a bid to back Saudi Arabia's efforts to rebalance the world oil market, said Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and...

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Kuwait Industries in Deal to Build New Industrial Port

Date : Jun 05, 2020

The Kuwait Port Authority has joined hands with the Public Authority for Industry (PAI) for the design and construction of an industrial port in the south of the country.   The MoU, which also includes a joint study for the project, aims to elevate Kuwait’s position worldwide and enhance its local manufacturing capability, stated a report.   A public sector body run on a commercial basis under the Ministry of Communications, the Kuwait Port Authority manages three commercial ports in Kuwait namely Shuwaikh, Shuaiba and Doha ports.   The PAI was set up by the government to develop the industrial activity in Kuwait and promote it besides sup...

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Iran’s Farabi Petchem Co. Ready to Enter Storage Industry

Date : Jun 05, 2020

Iran’s Farabi Petrochemical Company is now capable of running storage tanks in the country.

 

According to Tamin Petroleum & Petrochemical Investment Company (TAPPICO), the company’s CEO stressed the potential...

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Oman’s Ministry of Finance Guarantees Payments for Independent Power and Water Projects

Date : Jun 05, 2020

Oman’s Ministry of Finance has stepped in to guarantee payments for independent power and water producers, following news that state utilities provider Oman Power & Water Procurement Company (OPWP) had notified private operators of utilities...

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Three companies vie for Reliance Infrastructure’s Delhi Electricity Distribution Biz

Date : Jun 05, 2020

Three companies are vying for Reliance Infrastructure’s Delhi electricity distribution business.

 

Italy’s Enel Group is competing with Greenko Group and Torrent Power to acquire Reliance...

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KNPC Exports First Shipment of Al Ahmadi Refinery’s Petroleum Coke

Date : Jun 04, 2020

Kuwait National Petroleum Company (KNPC) has exported the first shipment of quality petroleum coke (petcoke or coke) from Mina Al Ahmadi Refinery.

 

The shipment of 15 metric tons of coke was carried by the vessel...

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Empower Completes over 320km District Cooling Pipeline Networks in 2019

Date : Jun 04, 2020

Emirates Central Cooling Systems Corporation (Empower) said the total length of its district cooling pipeline network in various regions of Dubai surged to more than 320 km last year, up 16 per cent compared to the year...

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Oceaneering Wins Significant Asset Integrity Contract in the ME

Date : Jun 04, 2020

Oceaneering International, Inc. (Oceaneering) has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE. The award includes the provision of general and advanced non-destructive testing (NDT)...

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India: PFC to Finance Projects worth Rs 22,000 cr in MP

Date : Jun 04, 2020

The Power Finance Corporation (PFC) will finance 225 MW hydroelectric and other multiple purpose projects worth Rs 22,000 crore in Madhya Pradesh.

 

PFC has entered into an agreement with Narmada Basin...

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India: Centre Extends BPCL Bid Deadline to 31 July 2020

Date : Jun 02, 2020

The Central government has for the second time extended the deadline for bidding for privatisation of the Bharat Petroleum Corporation (BPCL) by over a month to 31 July 2020.

 

While the Union Cabinet had in...

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Adani Power Gets Approval for 1,320 MW Thermal Power Plant in MP

Date : Jun 01, 2020

Adani Power has received an approval from the Madhya Pradesh Electricity Regulatory Commission for setting up 1,320 MW thermal power plant in Madhya Pradesh.

 

The commission has also approved sale of entire...

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