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Enoc, BHGE to Co-develop Real-time Lubricant Monitoring System

Date : Feb 19, 2019

Baker Hughes, a GE Company announced an agreement with Emirates National Oil Company (Enoc) to co-develop VitalyX, a real-time lubricant monitoring system.

 

VitalyX can be deployed in multiple industries using large machinery, and the advanced cloud-based system is designed to detect and measure key lubricant properties in real-time while simultaneously converting the data into actionable insights. Enoc, which will not only co-develop but has also signed the first order for VitalyX, announced the project with BHGE leaders at BHGE’s Annual Meeting in Florence, with more than 1,100 customers in...

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$846bn to be Spent on Oil, Gas Upstream Projects by 2025 – GlobalData

Date : Feb 19, 2019

A total new-build capital expenditure (capex) of $846 billion is expected to be spent globally on planned and announced upstream oil and gas projects from 2019 to 2025, a report said.

 

Royal Dutch Shell leads...

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Proserv Promotes Tore Erntsen to CTO Position

Date : Feb 19, 2019

UK-based Proserv, a leading controls technology company with presence in the UAE and a key facility in Saudi Arabia, has promoted Tore Erntsen to the position of chief technology officer (CTO), Subsea...

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AITUC Condemns Plan to Auction Oil, Gas Blocks of ONGC, OIL

Date : Feb 19, 2019

A central trade union on Monday condemned the plan to privatize 97 oil and gas fields discovered by state-run oil firms, terming it as a "quid pro quo" by the government to corporates. The All India Trade Union Congress...

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Indian Oil Signs First Annual Deal for US Oil

Date : Feb 19, 2019

Indian Oil Corporation (IOC) has signed its first annual deal to buy United States (US) oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday. IOC...

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India Imports 270,500 Bpd of Iranian Oil in January

Date : Feb 18, 2019

India imported 270,500 barrels per day (bpd) of oil from Iran in January, ship-tracking data reviewed by Reuters showed. The U.S. imposed new sanctions on Iran’s oil sector in November but gave a six-month waiver to eight...

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Adnoc Group CEO Wins Lifetime Achievement Award at Petrotech, India

Date : Feb 18, 2019

UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc) Dr Sultan Ahmed Al Jaber won the "International Lifetime Achievement Award" at the ongoing Petrotech energy conference in Indian capital New...

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Eni, SABIC Sign Joint Development Agreement for Innovative Technology

Date : Feb 18, 2019

Eni and SABIC have signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be further transformed into high value fuels and chemicals, such as...

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Tellurian and Petronet Sign MOU for Equity Investment in Driftwood

Date : Feb 15, 2019

Tellurian Inc. announced today that it has signed a Memorandum of Understanding (MOU) with Petronet LNG Limited INDIA (PLL) wherein PLL is exploring the possibility of investment in the Driftwood project, which includes a proposed liquefied...

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Azure Power’s Revenue Increases by 40% to $35 Million in Q3 of FY2019

Date : Feb 15, 2019

Azure Power has announced its consolidated results for the third quarter ending December 31, 2018.

 

The total revenue in the third quarter of FY19 stood at ₹2.430.8 million ($34.9 million) which was up 40...

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IOCL Buys Commissioning Cargo of LNG for New Ennore Terminal

Date : Feb 19, 2019

Indian Oil Corp (IOC) bought a commissioning cargo of liquefied natural gas (LNG) for its new Ennore terminal in south India, in a sign that India’s first terminal in the east coast is readying for start-up, three industry sources said on Monday. State-owned IOC bought a partial LNG cargo for delivery on Feb. 25 from commodities trader Gunvor, the sources said.   It bought the cargo at about $9.50-9.90 per million British thermal units (mmBtu), one of the sources said. The sources declined to comment as they were not authorized to speak with media due to the commercial sensitivity of the matter. A Gunvor spokesman said the company does not comme...

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Alfa Laval Bags SEK 50 Mn Refinery Order in India

Date : Not Given

Alfa Laval AB .STO:ALFA. a world leader in heat transfer, centrifugal separation and fluid handling  has received an order for...

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Sipchem join hands with Hanwha for a new high-tech petrochemical company at Jubail.

Date : Not Given

Saudi International petrochemical Co. .Sipchem. and South Korea s Hanwha Chemical Corporation joined hands for a joint venture...

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Saudi Jubail Refinery to Start Operations in Dec 2013

Date : Not Given

Saudi Aramco Total Refinery and Petrochemicals Company .Satorp. expects its new refinery at Jubail in Saudi Arabia to be fully operational in December 2013, the joint venture's chief executive said on September 17. State-run Saudi Aramco and France's...

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SAIP, NDPL to Setup 40MW Bio-Power Facility in New Delhi

Date : Not Given

ABSi India Private Limited .SAIP. has executed a memorandum of understanding .MoU. with North Delhi Power Limited .NDPL., to...

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Oman: Khimji JV Completes Hazardous Waste Storage Facility

Date : Not Given

A state of the art hazardous waste storage facility, designed to serve the newly launched ship repair yard of Oman Dry-Dock Company, is now operational at Duqm in the Wusta region. The facility, designed to international standards, has been built by Al...

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HPCL to Construct New Refinery in India

Date : Not Given

Hindustan Petroleum plans to invest $9.5 billion for the construction of a new refinery in Maharashtra, India. The refinery will have a processing capacity of 18 million metric-tonne-a-years and will construct in two phases of nine million...

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IOCL Plans to Invest $19.74 M to Setup LPG Terminal

Date : Not Given

Indian Oil Corporation Limited .IOCL. plans to invest INR900 million .$19.74 million. in setting up a liquefied petroleum gas...

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Middle East countries to link their power grids.

Date : Not Given

the GCCIA, Mr. Yousuf Janahi said  The agreement is between transmission system operators, power procurement companies and the...

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Integrated Turnkey Drilling Contract for South Ghawar goes to Halliburton

Date : Not Given

The integrated turnkey drilling contract in South Ghawar has been awarded to Halliburton .NYSE: HAL.. Located approximately 200 kilometers .124 miles. from the city of Dhahran, the Ghawar field is the world's largest oil field and the contract would...

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Bahrain s Al Dur Power Plant to be Operational in November?

Date : Not Given

Bahrain will be able to produce nearly double the amount of power it needs to meet demand for energy once a $2.1 billion power...

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