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Schneider Electric Invests in AutoGrid to Drive new AI Solutions

Date : Jun 17, 2019

Schneider Electric, a leader in the digital transformation of energy management and automation, has announced an investment in AutoGrid, a leader in flexibility management software for the energy industry.

 

The investment makes Schneider Electric a major shareholder in the company and establishes a co-innovation partnership focused on driving new AI (artificial intelligence) and machine learning solutions for the utilities and commercial and industrial companies.

 

The investment is led by Schneider Electric Ventures, part of Schneider Electric's newly-formed Innovation a...

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Oil Price Surges due to Regional Tension

Date : Jun 17, 2019

Saudi Arabia has blamed Iran for attacks on two oil and chemical tankers in the Gulf of Oman waters but stopped short of declaring a conflict. Regional tension has pushed up oil prices.

 

Crown Prince Mohammed...

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KOTC’s Vessels Operating Normally; Safety Precautions in Place

Date : Jun 17, 2019

State-run Kuwait Oil Tanker Company (KOTC) said on Thursday its vessels were operating as normal after suspected tanker attacks in the Gulf of Oman.

 

The company is ready for any emergency and has taken all...

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India: 5mn Tons of Oil Reserves Lie Uninsured

Date : Jun 17, 2019

India is unable to secure insurance cover for about 5 million tonnes of crude oil reserves kept in caverns for any exigency, which also include supplies from sanctions-hit Iran. Global reinsurers are unwilling to provide cover fearing...

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GAIL Offers to Assume Konkan LNG’s Debt in Exchange for Stake

Date : Jun 14, 2019

State-run gas utility GAIL (India) Ltd has proposed to assume the debt of about ₹40 billion of Konkan LNG Pvt. Ltd in lieu of receiving the lenders’ stake in the company for free, said two bankers aware of the discussions. The...

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Maharashtra to Renegotiate Tariffs for 1,170 MW of Auctioned Solar Projects

Date : Jun 14, 2019

The Maharashtra Electricity Regulatory Commission (MERC) has ordered Maharashtra State Electricity Distribution Company Limited (MSEDCL) to renegotiate tariffs with solar developers for projects allocated to...

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Tamil Nadu Launches Procedure for Deviation Settlement of Wind and Solar Projects

Date : Jun 14, 2019

Tamil Nadu State Load Dispatch Centre (TNSLDC) and Tamil Nadu Electricity Regulatory (TNERC) have issued the procedure for forecasting, scheduling, and deviation settlement mechanism of wind and solar...

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Lukoil, Oil Minister, Discuss Prospects for Cooperation

Date : Jun 14, 2019

The President of Lukoil, Vagit Alekperov (pictured), has met with Thamir Abbas Ghadhban Al Ghadhban, Deputy Prime Minister and Minister of Oil of the Republic of Iraq, at the St. Petersburg International Economic...

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Two Oil Tankers Damaged in Suspected Attacks in Gulf of Oman

Date : Jun 14, 2019

Two oil tankers were hit in a suspected attack in the Gulf of Oman early on Thursday, causing oil prices to surge and raising the already heightened tensions in the Middle East. The tankers were evacuated and the crew is reported...

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Saudi Oil Reserves Up by 12% in 2018 – BP

Date : Jun 14, 2019

Saudi Arabia’s oil reserves were revised upwards by 12 per cent in BP’s new Statistical Review, moving the Kingdom closer to the top spot after it revealed long-held reserves secrets.

 

Saudi...

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Investment Approved for Ramagundam Floating Solar PV Project

Date : Jun 17, 2019

NTPC has received investment approval for a solar project in the state of Telangana.

 

The project involves setting up 100 MW Ramagundam Floating Solar PV Project, Phase-I in Peddapelli district of Telangana.

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Alba & Sapa AB Sign Three-Year Supply Agreement

Date : Not Given

Aluminum Bahrain .Alba. and Sapa AB have signed a multi-year agreement to supply significant quantity of extrusion billetts to Sapa Profiles group in Europe. The deal was a result of Alba and Sapa working closely together since the end of 2009 to develop...

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Sud-Chemie Invests in LFP Production

Date : Not Given

German-based S?d-Chemie is building an industrial production plant worth approximately ? 60m .$75.4m. to increase the production...

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Al-Waha Petrochemical Company successfully started up its new complex.

Date : Not Given

Al-Waha Petrochemical Company has successfully started up its new complex in Al-Jubail Industrial City which includes a 450 KT per year polypropylene plant based on LyondellBasell's Spherizone process technology. Al-Waha was formed in 2006 and is a joint...

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Maaden Begins Trial Run at Saudi Arabia Phosphate Plant

Date : Not Given

Maaden Phosphate has started experimental operation of its mine and beneficiation plant in Julamid, Saudi Arabia as a run up to production later this year. The mine will supply 11.6 million tons of raw phosphate annually, helping the plant supply five...

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Oman Petroleum Company plans to award $1bn worth contracts

Date : Not Given

State-run Oman Petroleum Company is planning to award $1.04 billion worth of contracts for work in its oil and gas fields before the end of this year, a company official said yesterday. 'We are processing the tenders submitted for oilfields contracts,...

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GDF Suez and Partners Complete Financing for Oman Power Projects

Date : Not Given

GDF Suez SA and its partners including Shikoku Electric Power Co and Sojitz Corp. completed $1.3bn in financing for the Barka 3 and Sohar 2 independent power projects in Oman. The plants each will have a capacity of 744 megawatts when operational by...

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URS-Scott Wilson Wins Boubyan Port Contract

Date : Not Given

URS-Scott Wilson has won a deal to provide the design audit and construction supervision for the $1.2 billion first port...

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BP Signs a New Contract with EGPC

Date : Not Given

BP announced on Monday that it has signed a new agreement with the Egyptian Ministry of Petroleum and the Egyptian General Petroleum Corporation .EGPC. to develop the significant hydrocarbon resources in the North Alexandria and West Mediterranean...

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Adnoc and ConocoPhillips join hands to pump gas from Shah Field.

Date : Not Given

The Abu Dhabi National Oil Company .Adnoc. and ConocoPhillips have signed a deal to pump gas from the Shah Field, located in the United Arab Emirates .U.A.E... Adnoc announced about the deal today. The ConocoPhillips was awarded the contract by Adnoc in...

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GASCO, Abu Dhabi: $9b contract signed toward IGD Project.

Date : Not Given

GASCO, a wing dealing with the gas projects of Abu Dhabi National Oil Company .ADNOC., has signed four landmark contracts with a total value of $9b. This is toward setting up its Integrated Gas Development project that serves dual purpose of power...

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