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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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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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Sembcorp Salalah of Oman Plans Refinancing $600mn Debt

Date : Aug 14, 2015

Oman-based Sembcorp Salalah Power and Water, an independent water and power producer, is seeking to refinance about $600 million of loans at better terms to take advantage of interest...

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Saudi Methanol Plant to be Shut for Maintenance in Q4

Date : Aug 14, 2015

Saudi International Petrochemical Co (Sipchem) will shut down a methanol plant for around four weeks for maintenance in the fourth quarter, it said.

 

The company would turnaround and upgrade major equipment...

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Oman Brings Up Research on Renewable Technologies for Energy

Date : Aug 13, 2015

Oman’s R&D hub, the Research Council (TRC), has challenged the nation’s scientific community to research novel and sustainable technologies for generating, as well as storing electricity, in an effort...

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Oil India Targets First LNG Cargo from Mozambique - 1 Block by 2020

Date : Aug 13, 2015

Oil India Limited expects to receive the first cargo of liquefied natural gas from Mozambique's offshore Area 1 Block in the first quarter of 2020, the company said in a statement.

 

The company has a 4...

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Iran Keen to have Japan Backing in Energy Projects

Date : Aug 13, 2015

Iran said it is ready to negotiate with Japan over the return of the country’s enterprises to its oil projects as well as its upstream industries.

 

Iran’s Oil Minister Bijan Zangeneh told the source about a...

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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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