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Gazprom Neft Increases Production in KRI

Date : Dec 12, 2019

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its three-millionth tonne of oil since starting commercial production at the Sarqala field in the Kurdistan Region of Iraq (KRI).

 

Total cumulative production at the Sarqala field has reached three million tonnes, or 23 million barrels of oil, as at December 2019. Daily liquid hydrocarbon production at this asset is currently running at 4,000 tonnes of oil, or 30,500 barrels, per day.

 

First oil was obtained at the Garmian block (which the Sarqala field is part of) in 2011, with commercial crude shipments commencing in 2015, ...

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Saudi Aramco Raises $26.5bn from IPO

Date : Dec 12, 2019

Saudi Aramco has raised $26.5bn from the initial public offering (IPO) of shares in the company making it the biggest-ever IPO in history.

 

Aramco said last week that it has set a final price of SR32 ($8.53)...

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ADB, India Sign $451mn Loan to Strengthen Power Connectivity

Date : Dec 12, 2019

The Asian Development Bank (ADB) and the government of India inked USD 451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC) in the state of Tamil...

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Emerson Launches IIot Service to Monitor Flow Meters at Wellhead

Date : Dec 11, 2019

US-based Emerson, a global technology and engineering company, has launched IIoT-enabled connected services to remotely monitor multiphase flow meter performance at the wellhead.

 

The new service enables oil...

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ExxonMobil Plans to Set-up Lubes Blending Plant in India

Date : Dec 11, 2019

Texas-based Exxon Mobil Corporation, one of the world's largest oil and gas company, plans to set-up a lubes blending plant in India, according to two executives aware of the development.

 

ExxonMobil...

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Saudi Petchem Sector likely to Decline in Q4

Date : Dec 10, 2019

Spreads for most products in Saudi Arabia’s petrochemical sector is expected to decline sequentially in the fourth quarter (Q4) of 2019 amid weaker pricing environment and higher feedstock costs, said a...

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Shell Oman Launches New Head Office

Date : Dec 10, 2019

Shell Oman has announced the launch of its new head office building project with a ground-breaking ceremony at Mina Al Fahal.

 

The event took place at Shell Oman’s current existing decades old office...

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ME O&G Industry ‘could lose trillions by not going digital’ – Deloitte

Date : Dec 10, 2019

The oil and gas industry in the Middle East region stands to potentially lose trillions of dollars by not fully embracing digital, said professional services firm Deloitte in its latest Middle East Point of View...

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FRV, Harmony Energy to Launch First Utility-Scale Battery Project in UK

Date : Dec 10, 2019

Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer of renewable energy projects, said it has collaborated with British developer Harmony Energy for the launch of its first...

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BERC Dismisses Petition for Tariff Adoption

Date : Dec 10, 2019

The Bihar Electricity Regulatory Commission (BERC) has once again dismissed the petition without granting further time for the tariff negotiation for a 250 MW solar project.

 

In September, the state...

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L&T Wins GCC Power Contracts

Date : Dec 12, 2019

India's top engineering and construction firm Larsen & Toubro (L&T) said its key subsidiaries have secured orders from prestigious clients in GCC and India for its varied businesses.   The first one is from the UAE for the design, supply and construction of a 132kV substation project along with associated 132kV cabling works for one of the government utilities in the emirates clinched by the construction arm of L&T, said a statement from the Indian construction giant.   Additional orders have also been won in ongoing projects in the Middle East, it stated.   The second is a major add-on order from an existing clie...

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Iran Ready to Export Gas to Iraq within a Month

Date : Aug 18, 2015

A senior gas official said that a pipeline which transfers Iran’s gas to Iraq will become operational in less than a month.

 

Mr Azizollah Ramezani, the director for international...

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Kuwait Approves Projects Worth $10bn

Date : Aug 17, 2015

Kuwait will see the construction of a series of power plants, desalination facilities and other infrastructure projects worth a total of around KD3 billion ($9.9 billion), the finance ministry said on Saturday....

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Govt Approves Signing Pact of Raxaul To Amlekhgunj Oil Pipeline Project

Date : Aug 17, 2015

The Cabinet recently approved signing of an agreement to lay an oil pipeline from Raxaul in Bihar to Amlekhgunj in Nepal to supply petrol, diesel and ATF to the land-locked Himalayan Kingdom.

 

The Cabinet...

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Iran to Launch 15 &16 South Pars Phases In a Month

Date : Aug 17, 2015

Iran announced on Sunday that it will launch Phases 15 and 16 of its giant South Pars gas field by the end of September.

 

Mr Reza Forouzesh from Pars Oil and Gas Company (POGC) stated this...

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ABB Bags $150mn Contracts for Substations in Saudi Arabia

Date : Aug 17, 2015

Grid components supplier ABB said it booked a $150-million order in Saudi Arabia to expand five substations that will help accommodate expanded electricity generation capacity.

 

ABB said the...

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Bapco Completes Maintenance of Refinery Units

Date : Aug 17, 2015

Bapco has announced the successful completion of a major refinery shutdown of 11 process units. Bapco units underwent planned maintenance activities from February to May as part of the annual maintenance shutdown...

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QEWC to Launch Construction on $2.75bn Power and Water Plant

Date : Aug 14, 2015

Qatar Electricity and Water Co (QEWC) will launch soon construction of a QR10 billion ($2.75 billion) power and water desalination plant in October, the largest of its kind in the country.

 

The plant, called...

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RAK FTZ Links 100 New Warehouses to Fewa’s Power Grid

Date : Aug 14, 2015

Ras Al Khaimah Free Trade Zone (RAK FTZ) has recently connected the newly constructed 100 warehouses to the Federal Electricity and Water Authority (Fewa), enhancing the quality of its...

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GVPGL Begins Operation of Vemagiri Power Plant

Date : Aug 14, 2015

GMR Vemagiri Power Generation Ltd. (GVPGL) has commenced the operation of its 370-MW GMR Vemagiri Power Generation Ltd's gas-based project from Wednesday at Vemagiri in Andhra Pradesh.

 

The project...

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MNRE Sanctions Kadapa Solar Power Park

Date : Aug 14, 2015

The Ministry for New and Renewable Energy (MNRE) has sanctioned a 1,500-MW ultra mega solar power park for development in Kadapa district of Andhra Pradesh.

 

This will become the third park of over 1,000 MW...

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