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Iran, Oman to form Strategic Gas Committee

Date : Jul 16, 2018

The CEO of the National Iranian Gas Export Company (NIGEC) said Iran and Oman were about to form a joint strategic committee to finalize a long-sought gas pipeline project.

 

Speaking to source, Mehran Amir Moeini said an Iranian delegation was scheduled to visit Oman in order to finalize the framework of cooperation between the two countries.

 

Since 2004, Iran and Oman have been in talks to carry out a gas pipeline project in which Iran is expected to send its gas through a sea pipeline to the Persian Gulf country to have it converted into liquefied natural gas (LNG) and then receive it to b...

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OPEC Boosts June Oil Output

Date : Jul 13, 2018

OPEC members increased crude oil production in June, as the group along with some Russia-led countries agreed to increase output to compensate for supply declines in countries including Venezuela and...

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Azure Power Wins 160 Mw Solar Project in UP Auction Quoting Tariff of Rs 3.55/Unit

Date : Jul 13, 2018

Azure Power, New Delhi-based independent solar power producer, today announced it has won a 160 Megawatt (Mw) solar power project in Uttar Pradesh in the latest auction conducted by Uttar Pradesh New & Renewable Energy Development...

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IOCL to Invest Rs 36.63 Billion to Lay Pipelines in Eastern Sector

Date : Jul 13, 2018

Oil major Indian Oil Corporation Limited (IOCL) will invest Rs 36.63 billion for laying two pipelines originating from Odisha under the aegis of South Eastern Region Pipelines (SERPL). The oil PSU will lay the Paradip - Hyderabad...

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Petrol, Diesel Prices Increase for the Seventh Time in Current Month

Date : Jul 13, 2018

Oil Marketing Companies (OMCs) raised the retail prices of petrol and diesel across the nation today, the seventh such hike in the current month alone, in line with the rise in global crude prices.

 

Indian...

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ADNOC in Talks to Deepen Investment and Partnership with China

Date : Jul 12, 2018

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) Group CEO, held a series of meetings with Chinese oil, gas, refining and petrochemical industry leaders, focused on expanding...

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Saudi Aramco Adjusts its Asia Crude Oil Benchmark

Date : Jul 12, 2018

Saudi Aramco announced that it is adjusting its Asia crude oil pricing marker in an effort to increase the overall reliability of its crude oil pricing.

 

Saudi Aramco’s long-standing price marker was...

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UAE, South Korea Discuss Opportunities in Energy Cooperation

Date : Jul 11, 2018

The UAE and South Korea discussed opportunities for cooperation in the energy sector during a meeting between Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO, and South Korea’s Foreign Minister Kang Kyung-wha...

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Indian Hydropower Generation Company to Develop 260 MW of Solar Projects

Date : Jul 10, 2018

The National Hydroelectric Power Corporation (NHPC Limited), a government-run entity, has received the go-ahead signal from State Investment Promotion Board (SIPB) for 260 MW of grid-connected solar photovoltaic (PV) projects to be...

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Rajasthan to Get $250 Million from World Bank to Reform Electricity Distribution

Date : Jul 10, 2018

The World Bank has approved a $250 million development policy loan (DPL) to Rajasthan for the improvement of the state’s electricity distribution sector under the ‘24×7 Power for All’...

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Precision Drilling Bags Kuwait Rig Contract

Date : Jul 16, 2018

Canada’s Precision Drilling Corporation said it was awarded a five-year contract for a new build drilling rig in Kuwait.   The take or pay contract has an optional one year extension for the rig which will add to the existing five active rigs in Kuwait on long-term contracts, Precision said in a statement.   The company expects the sixth rig to commence operations in the third quarter of 2019.   All six rigs have standardized rig design features and specifications delivered within the last five years. In line with prior new builds, the rig has attractive internal return metrics and a payback period within the initial contra...

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2,000 MW Solar Energy Corporation of India Wind Auction Undersubscribed

Date : Jul 11, 2018

India’s latest bidding for 2,000 MW wind energy capacity has been undersubscribed by 800 MW, and there is a chance that the tender may be scrapped as lack of transmission infrastructure continues to bother clean energy...

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GSPC to Commission Mundra LNG in Next 2-3 Months

Date : Jul 11, 2018

Gujarat State Petroleum Corp (GSPC) plans to commission a 5Mtpa liquid natural gas (LNG) import terminal at Mundra, India, in the next two to three months. Mundra will be the third import terminal in Gujarat to import super-cooled LNG...

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Indian Hydropower Generation Company to Develop 260 MW of Solar Projects

Date : Jul 11, 2018

The National Hydroelectric Power Corporation (NHPC Limited), a government-run entity, has received the go-ahead signal from State Investment Promotion Board (SIPB) for 260 MW of grid-connected solar photovoltaic (PV) projects to be...

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Sipchem Starts Commercial Operation of PBT Plant in Jubail

Date : Jul 10, 2018

Saudi International Petrochemical Co (Sipchem) has announced the beginning of commercial operation of Polybutylene Terephthalate Plant (PBT) located in its complex in Jubail Industrial City.

 

PBT plant is...

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Rewa Solar Park Starts Supplying Power

Date : Jul 10, 2018

The 750MW Rewa Solar Park in Madhya Pradesh, which drew what were at one time the lowest ever solar tariffs in India, has started supplying power to the grid.

 

Rewa Ultra Mega Solar Ltd (RUMS), a joint...

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GSPC to Commission Mundra LNG Terminal in 2-3 Months

Date : Jul 09, 2018

Gujarat State Petroleum Corp (GSPC) will commission a 5-million-tonne a year liquefied natural gas (LNG) import terminal at Mundra in Gujarat in the next two to three months, its Managing Director, Jagdip Narayan Singh, has...

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Andhra Pradesh Solar Park in Kadapa: Lowest Bid at Rs 2.7 Per Unit

Date : Jul 09, 2018

Three companies backed by global financiers have bagged the tenders to build 750 MW of solar power projects in Kadapa, Andhra Pradesh, with the lowest bid under the reverse auction process coming in at Rs 2.7 a...

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Oman to Procure New Solar, Wind Projects Over Next 7 Years

Date : Jul 09, 2018

Driven by a commitment to ensuring a minimum 10 per cent share of power generation capacity from renewable energy (RE) resources, Oman Power and Water Procurement Company (OPWP) — the sole off-taker of electricity and water...

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KEPCO Shortlisted to Bid for Saudi Nuclear Project

Date : Jul 06, 2018

State-run utility Korea Electric Power Corp (KEPCO) had been shortlisted to bid for a nuclear project in Saudi Arabia along with the United States, France, China and Russia, said South Korea's energy...

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IGAT- 6 Gas Pipeline Fully Operational

Date : Jul 06, 2018

Iran fully launched the sixth gas trunkline (IGAT-6) which will play a key role in the country's gas exports to Iraq, managing director of the National Iranian Gas Company (NIGC) said.

 

Hamidreza Araqi added a major...

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