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Iraq Plans New Oil Export Pipelines

Date : Jul 22, 2019

As Iraq exports most of its crude oil production, the Iraqi government is trying to diversify its oil export outlets in a bid to avoid any damage that could result from the tense security situation in the Gulf region.

 

Iraqi Prime Minister Adel Abdul Mahdi said in a press conference July 9 said that the government was considering export routes through Syrian and Jordanian territory, and added that Baghdad is “worried about the current events in the Strait of Hormuz and their potential impact on the Iraqi economy.”

 

Last month, Iraq's production of crude oil reached 3.52 milli...

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Sparrows Group Expands its Middle East Reach

Date : Aug 18, 2015

Sparrows Group, a leader in the provision of engineered products and services in the specialist areas of lifting and handling, cable and pipe lay, and fluid power to the energy industry, has expanded its reach in the Middle East after...

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UAE Ready to Meet Indian Oil Demand

Date : Aug 18, 2015

The United Arab Emirates is open to meeting any demand for oil from India, said the Gulf OPEC member's economy minister Sultan bin Saeed Al Mansouri on Monday.

 

Al Mansouri was speaking after meeting with...

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NLC Plans to set up 600 Mw Solar-Based Power Project

Date : Aug 18, 2015

Neyveli Lignite Corporation (NLC), a public sector lignite mining and power generating company, will set up units to produce 600 mega watts (Mw) solar power.

 

The company, which has been using lignite as the...

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Adani Group Sets 1,000-Day Deadline for Vizhinjam Terminal Project

Date : Aug 18, 2015

Twenty five years after it was conceived, and amid the CPM-led opposition's chorus of having sold out to predatory capitalist, the government of Kerala finally inked the historic concession agreement with Adani Ports and Special Economic...

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Iran Targets 45 Oil and Gas Projects in Plan to Boost Output

Date : Aug 18, 2015

Iran has selected 45 oil and gas projects to show international companies at a conference in London in December when new oil contract models will be discussed.

 

“The projects, including...

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Abu Dhabi Plans to Invest $25bn in Oil Production

Date : Aug 17, 2015

Plans by Abu Dhabi to invest more than $25bn over the next five years to increase offshore oil production capacity look set to secure the emirate’s position as a leading oil producer, amidst a global decrease in...

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Investment in FLNG to hit $58bn

Date : Aug 17, 2015

Floating liquefied national gas (FLNG) sector to see significant growth in both investment and activity, over the next seven years, according to a report.

 

It has been forecast to hit a total expenditure of...

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Iran Hopes to See Oil Output Hit 5.7m/Bpd in the Future

Date : Aug 17, 2015

Iranian officials are hopeful the country would be capable of increasing its oil output capacity to as high as 5.7 million barrels per day (m/bpd) in the future.

 

Mr Mehdi Hosseini, a top adviser to Iran’s Oil Minister...

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Julian Ford Joins Altaaqa Global as Chief Commercial Officer

Date : Aug 17, 2015

With over 15 years of experience in the rental power industry, Ford takes the helm of the company’s strategic business development and top-line revenue generation functions

 

Altaaqa Global, a leading global provider of...

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IOCL to Buy Spot LNG Cargo from BG Group, says Executive

Date : Aug 14, 2015

Indian Oil Corporation Ltd has awarded to BG Group a tender to buy a liquefied natural gas (LNG) cargo for delivery on August 27, a company executive said.

 

The company said in July it planned to buy at least...

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Indo-Nepal Petroleum Products Pipeline Ready for Commercial Operation

Date : Jul 22, 2019

This is the first transnational petroleum pipeline from India and the first South Asian oil pipeline corridor. It is also the first oil pipeline in Nepal. Indian Oil Corporation (IOC) and Nepal Oil Corporation (NOC) have successfully completed the testing transfer of the pipeline. The diesel released from Motihari in Bihar received at Amlekhgunj in Nepal on Friday. The pipeline is now technically commissioned and ready for launch. The oil pipeline will ensure smooth, cost-effective and environment-friendly supply of petroleum products to Nepal.   The prestigious project is expected to be inaugurated soon by the Prime Minister Narendra Modi and his Nep...

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Bapco's Modernization Programme 25% Complete – CEO

Date : Jul 22, 2019

Bahrain’s ambitious $6-billion Bapco Modernization Programme (BMP) is 25 per cent complete with $1 billion having already been spent, said Dr Pete Bartlett, Bapco CEO.

 

More than 1,300 km of instrument...

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Shelf Drilling Announces Contract Extension on Jack-up Rig

Date : Jul 19, 2019

Shelf Drilling has secured a six-month contract extension on the High Island VII jack-up rig in direct continuation of its current contract for drilling operations in the Arabian Gulf.

 

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PAEW Plans New Water Projects in Oman

Date : Jul 19, 2019

The Public Authority for Water (Diam) is planning to establish a string of new water projects that will cater to 17 wilayats in eight governorates. According to a statement from Diam, a total of 10,797 new facilities in various...

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Dussur, Aramco & HHI Launch Marine Engine Manufacturing and Supply JV

Date : Jul 19, 2019

The Saudi Arabian Industrial Investments Company (Dussur), Saudi Aramco, and Hyundai Heavy Industries (HHI) have signed a joint venture to manufacture 2-stroke and 4-stroke marine and Electric Power Plants (EPP) engines, as well as marine...

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Renewable Project Developer Greenko Receives $329 Million in Equity

Date : Jul 19, 2019

After receiving $495 million (~₹33.92 billion) as primary equity from General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA), Greenko Energy Holdings (Greenko), has now secured another $329 million (~₹22.55 billion)...

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NTPC Commissions First Unit of Nabinagar Super Thermal Power Project

Date : Jul 18, 2019

NTPC has commissioned the first unit of 660 MW capacity under Nabinagar Super Thermal Power Project (three x 660 MW) in Bihar.

 

With addition of this project, the total installed capacity of NTPC has reached...

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Weir Oil & Gas Bags UAE Offshore Service Contract

Date : Jul 18, 2019

Weir Oil & Gas Dubai signed a contract in UAE with a major UAE-based oil and gas operator for rotating equipment rehabilitation services.

 

The contract will allow Weir’s customer to improve...

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Sparrows Wins Rigging Maintenance Services Contract in Qatar

Date : Jul 17, 2019

UK-based Sparrows Group, a global provider of specialist equipment and integrated engineering services, has been awarded its first contract for the provision of rigging loft maintenance services in...

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Hardy Oil & Gas Receives Higher Bid for Troubled Indian Unit

Date : Jul 17, 2019

Hardy Oil & Gas PLC said Monday it has received a higher offer for Indian unit Hardy Exploration & Production. Hardy Oil & Gas agreed to sell the unit for USD1.5 million to Hindustan Oil Exploration Co Ltd on July 1....

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