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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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Aramco Determines Location for Jizan Refinery

Date : Not Given

State Oil company, Saudi Aramco, and Jizan Economic City, or JEC, have determined the location of a $10 billion oil refinery project within the JEC, as reported on June 19. The long-awaited oil refinery will be located south of the new economic city, or...

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Emicool commissions solar farm at DIP

Date : Not Given

13 Nov 2013: In line with its campaign to support sustainable development in the region which strengthens the company s...

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Maaden, Alcoa begin Work on Aluminium Plant

Date : Not Given

Saudi Arabian Mining Co., or Maaden, said on June 19, it has started work on its planned fully integrated aluminium complex, developed with Alcoa Inc. .AA. in the kingdom. Maaden and Alcoa will start by developing a fully integrated alumina refinery,...

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Oryx, ABB in JV to Build Electrical Equipments Facility in Qatar

Date : Not Given

Oryx Energy Projects & Services of Qatar .Oryx. has announced a joint venture agreement with ABB, a leading power and automation technology group, that creates ABB Oryx Motors & Generators Service LLC .ABB Oryx M&G.. The joint venture will provide a wide...

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Aramco unveils plans to explore more gas

Date : Not Given

09 Jan 2013: Saudi Aramco has announced plans to boost its gas drilling and development operations as part of its strategy to...

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Sinopec Gets Approval to Build Refinery in Saudi

Date : Not Given

The National Development & Reform Commission, the economic planner of China has approved state owned Sinopec Group plan to build a 400,000 barrel per day Yanbu refinery in Saudi Arabia, the world's top oil exporting country. Four months ago, Sinopec and...

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NDC awards $272mn deal for 9 drilling rigs to CNPC unit

Date : Not Given

13 Nov 2013: UAE-based National Drilling Company .NDC. recently signed an agreement with China Petroleum Technology & Development Corporation .CPTDC. to obtain nine new land rigs, with a total value close to Dh1 billion .$272 million.. The new nine rigs...

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Dewa to Float Tender for Construction of IWPP at Hassyan by 2010

Date : Not Given

Dubai Electricity and Water Authority .Dewa. expects to float a tender for the construction of its proposed Independent Water &...

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ONGC looking for a co-worker for Venezuela Oilfield.

Date : Not Given

After Reliance Industries pulled out of a joint bid for a Venezuela oilfield, Indian s Oil and Natural Gas Corporation .ONGC....

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Kuwait: Mubarak Al-Kabeer Port Project Implementation Begins

Date : Not Given

The implementation of the Mubarak Al-Kabeer port project is going on as planned, stated Minister of Public Works and State Minister for Municipality Affairs Dr Fadhel Safar. Safar affirmed the Ministry of Foreign Affairs is currently organizing meetings...

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