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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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SEC Signs $989mn Loan to Finance Shuaiba 3 Power Project

Date : Not Given

Saudi Electricity Company .SEC. has signed on June 22, a 12-year loan of $989.1 million with a group of international banks to finance an expansion in one of its projects, the firm said. The banks include HSBC, Bank of Tokyo-Mitsubishi, City Bank,...

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Redline Wins Strategic Oil & Gas Contract in Oman

Date : Not Given

Redline Communications Group Inc, a leading provider of specialized broadband wireless systems, announced that it has signed a...

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Asahi Kasei to build a plant with SABIC.

Date : Not Given

Asahi Kasei Corporation, a Japanese synthetic fibre maker is thinking over building a plant in Saudi Arabia working with other companies like SABIC .Saudi Basic Industries Corporation.. The plant will be producing products used in the synthesis of resin...

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Kuwait sign Subbiya power plant deal.

Date : Not Given

US $ 2.5 billion contract was signed by Kuwait to build and operate a power plant in the northern part of the country. The deal...

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Aramco, Total Select Banks to Finance Jubail Refinery

Date : Not Given

Saudi Aramco Total Refining and Petrochemical Co. .Satorp., has selected three banks to arrange a planned Islamic bond, or sukuk, issue that will help it finance a large refinery complex at Jubail. Deutsche Securities Saudi Arabia, Samba Capital and...

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Kuwait: Bids for Al Zour Plant by Nov 4th Week

Date : Not Given

The deadline for submission of bids for Kuwait's Al Zour North water and power plant project falls immediately after Eid Al Adha's holiday, reported on Nov 2. The project is designed to produce 4,000 megawatts of electricity and 200,000 imperial gallons...

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Techno Electric to set up Rs200cr transmission grid in Punjab

Date : Not Given

28 Nov 2013: BSE-listed Techno Electric & Engineering, a leading EPC contractor and independent power producer .IPP., will...

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RNRL, RIL Gas Contract Stretch Beyond 2022

Date : Not Given

Anil Ambani Group firm RNRL's new gas supply agreement with Reliance Industries is valid only till March 31, 2022 and even in this, there is no mention of volume or the tenure of gas supply. While the gas would be given by Mukesh Ambani-led RIL to the...

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Yansab Plans to Shut Petchem Plants for Maintenance

Date : Not Given

20 Apr 2015: Saudi Arabia's Yanbu National Petrochemical Co .Yansab. plans to shut its petrochemical complex this month for maintenance for 35 days, it said in a bourse filing on Thursday. The firm, a subsidiary of Saudi Basic Industries Corp .Sabic.,...

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DEWA to Double Capacity of Coal-based Power Plant

Date : Not Given

Dubai Electricity and Water Authority .Dewa. has doubled the size of its planned coal-fired power plant, its chief executive said on June 22, dismissing summer power shortage fears over the next few years. Rising demand for electricity in Dubai, where...

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