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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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Aramco & Total looking for loans.

Date : Not Given

Saudi Aramco and Total have plans to build an oil refinery on the Gulf coast of the kingdom for which, they are looking for a loan of $ 8 billion. The firm is planning to borrow $ 1.5 billion from Saudi banks, around $ 2 billion from the government funds...

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Vietnam to Start First Nuclear Power Project by 2013

Date : Not Given

Electricity of Vietnam Group .EVN. and its Russian partner, Rosatom Group, will sign a cooperation agreement on construction of...

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Reliance Industries ties up with Cairn India for Crude

Date : Not Given

Cairn India, a Rajasthan based energy company, will be the suppliers of crude, which it produces at the Mangala crude oil field...

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OPWP Appoints PB Power for Duqm Power Project

Date : Not Given

The US PB Power has commenced a study for an independent water and power project .IWPP. at Duqm for Oman Power & Water...

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Nuvia India and PL Engineering Partners for Nuclear Sectors

Date : Not Given

PL Engineering, a Punj Lloyd Group company, has entered into a partnership agreement with Nuvia India Pvt Ltd, a subsidiary of Nuvia of France, to offer a full spectrum of design and engineering services in plant, product, infrastructure and nuclear...

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Al Hassan Engineering Wins Oxy Mukhaizna Contract

Date : Not Given

Al Hassan Engineering Company SAOG has been issued Letter of Intent for a contract linked to the construction of a power transmission and distribution system for the Oxy Mukhaizna project. The company said that the total order value will be of...

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KOC intends a US $ 7.2 billion contract tender.

Date : Not Given

Kuwait Oil Company is intending a tender contract of US $ 7.2 billion for the supply of 27 drilling platforms. This is a part of their strategy to increase oil production capacity in the emirate. This is going to be the largest ever tender for the...

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NHPC to Develop Three Hydroelectric Projects in Orissa

Date : Not Given

NHPC Ltd said that it has signed a Memorandum of Understanding with Orissa Hydro Power Corporation Ltd and the Government of Orissa for setting up a joint venture company for the development of three hydroelectric projects with a cumulative installed...

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Flowserve Bags $7.5mn Order for Bida Al Qemzan Field Development Project

Date : Not Given

Flowserve received an order worth approximately $7.5 million for Flowserve MP1 multiphase pumps from Abu Dhabi Company for Onshore Oil Operations .ADCO. for the Bida Al Qemzan field development project. The order was booked in the second quarter of 2010....

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Yusuf Janahi announces the completion of the first phase of GCC power.

Date : Not Given

Mr. Yusuf Janahi chairman of Gulf Cooperation Council Interconnection Authority .GCCIA. said that the first phase of a joint power grid for Gulf Cooperation councils completed on Sunday. This includes the linking grids of Saudi Arabia, Qatar, Bahrain and...

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