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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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NMDC to set up 500MW power plant in Gonda, UP

Date : Not Given

23 Aug 2013: State-run miner NMDC Ltd on Wednesday signed an in-principle agreement with IL&FS Energy Development Company...

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Sipchem equipped with world s largest Carbon Monoxide Unit.?

Date : Not Given

Saudi International Petrochemicals Company .Sipchem. has attained the world's largest Carbon Monoxide Unit at Jubail Industrial City under the project awarded to Air Liquide and Lurgi in 2006. Designed and built by the Engineering and Construction teams...

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Qatargas to Start Train 7 Facility Early Next Year

Date : Not Given

Qatargas will start loading liquefied natural gas .LNG. from its Qatargas 4 Train 7 facility in February 2011, the company's chief operating officer,Ahmed al-Khulaifi, said. The COO said, 'It will start loading in February and the first cargo will leave...

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SABIC and Exxon Mobil to start new petrochemical projects.

Date : Not Given

Saudi Basic Industries Corporation .SABIC. and Exxon Mobil Chemical are trying to stimulate the bidders for participating in a...

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Saudi Mining Sign a Petroleum Coke Complex Deal with Petrobras

Date : Not Given

Saudi Arabia's Modern Mining Holding Company .MMHC., part of the Modern Industrial Investment Holding Group, has signed a final 1.7 billion Saudi riyals .$453.4 million. deal with Brazil's oil and gas giant Petrobras to construct a calcined petroleum...

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Sabic's Ibn Rushd Expansion Project to Complete In Two Years

Date : Not Given

Saudi Basic Industries Corp.'s unit Arabian Industrial Fibres Co. will complete its plan to expand the capacity of its complex at Yanbu on the Red Sea coast in about two years, Sabic's Chief Executive Mohamed al-Mady said on July 17. 'The project is...

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Kuwait investing $5.28bn in water sector 2005-2014  Markaz report?

Date : Not Given

26 Aug 2013: In a new report Kuwait Financial Centre  Markaz examines and analyses the current status of the Kuwait water...

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ZADCO Extends Bids Deadline for Satah Field Development

Date : Not Given

Abu Dhabi s Zakum Development Company has pushed back the deadline by a month again to October 28th 2010 for firms to bid on...

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India: EPC Tender for Vizhinjam Port to be Issued Next Month

Date : Not Given

A tender process to select the Engineering Procurement Contract .EPC. bidder for the proposed Vizhinjam international seaport and deep-sea container transhipment terminal would begin next month. Announcing this in the State Assembly, the Kerala Ports...

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Egypt Maridive Bags $117Mn Contract with ONGC

Date : Not Given

Egypt's Maridive and Oil Services said that it won $117 million contract to install offshore oil services for Indian state-run explorer Oil and Natural Gas Corp .ONGC.. The biggest oil services firm in the Middle East by fleet size said that it would...

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