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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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BHEL Commissions Unit-7 of Harduaganj Thermal Power Station

Date : Jul 13, 2015

Bharat Heavy Electricals (BHEL) has achieved yet another landmark in its After-Market-Service business by successfully renovating, modernizing and up rating 110 megawatts (MW) Unit-7 at Harduaganj Thermal Power Station (TPS) Plant of Uttar Pradesh...

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Mr Atchan Naidu Inaugurates Solar Power Connectivity Plant

Date : Jul 13, 2015

State Labour minister K Atchan Naidu inaugurated the rooftop solar power connectivity plant at the municipal office on Saturday evening.

 

On the occasion, the minister said that the government was giving top priority for...

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McDermott Signs Second LTA with Saudi Aramco for Brownfield Works

Date : Jul 10, 2015

McDermott International, Inc. announced it has been selected by Saudi Aramco as one of the winners of a global competition for a new Long Term Agreement (LTA) for future brownfield work in various fields in offshore Saudi...

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Test News

Date : Jul 10, 2015

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Bahrain Awards $8.2mn Contracts for Major Projects

Date : Jul 10, 2015

Bahrain’s Works, Municipalities and Urban Planning Ministry awarded eight tenders worth BD3.15 million ($8.2 million) and invited bids for six tenders worth BD3.06 million for projects related to roads, sanitary and construction in...

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IL&FS Commissions Halol-Godhra-Dahod Gas Pipeline Project in Gujarat

Date : Jul 10, 2015

IL&FS Engineering & Construction has commissioned Halol-Godhra-Dahod gas pipeline project in Gujarat.

 

The project involved laying of 103 km high pressure gas pipeline on EPC basis for Gujarat State Petronet...

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UAE Nuclear Energy Project moves into Critical Phase

Date : Jul 10, 2015

The UAE’s nuclear energy programme, which has been held up by the industry worldwide as a model for newcomers to nuclear energy, is facing its biggest challenges in the run in to its first reactor’s start-up, scheduled for late...

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Iraq finalizes gasoil term contract for 2014

Date : Nov 27, 2013

27 Nov 2013: Iraq's State Oil Marketing Organisation .SOMO. has finalized its term contract to buy over 1.5 million tonnes of gasoil for 2014 from oil traders Vitol and Glencore, industry sources said. The company will buy four cargoes of 500 ppm...

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Garmco Signs $55mn Expansion Deal in Bahrain

Date : Jul 09, 2015

Garmco, a leading aluminium rolling mill, has entered into an agreement with Fives, an industrial equipment supplier, to build a new state of art cast house valued at $55 million at its facilities in...

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Dana Gas & Crescent Petroleum sign MoU for a  gas city .?

Date : Not Given

Dana Gas DANA.AD and Crescent Petroleum signed a Memorandum of Understanding .MoU. with Yemen to build a  gas city in the...

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