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Saudi Aramco Issues Prospectus for IPO on Tadawul

Date : Nov 14, 2019

Saudi Arabian Oil Company (Saudi Aramco) has issued a prospectus for its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). 

 

The offering period for the institutional subscribers begins on November 17 and closes at the end of December 4.

 

The offering period for individual subscribers begins on November 17 and closes at the end of November 28.

 

Saudi Arabia’s Crown Prince Mohammed bin Salman said that the initial public offering of state oil giant Aramco will be announced, with the intention to list 1-2 per cent on Saudi Stock Exchange ...

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Aramco & AKER to Collaborate on 4th Industrial Revolution Addressing Sustainability

Date : Nov 13, 2019

Saudi Aramco and AKER ASA (“Aker”) announced the signing of a Memorandum of Understanding (MoU) to develop synergies on industrial digitalization and sustainability initiatives. The non-binding MoU has an emphasis on...

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Bentley Systems Introduces Digital Twin Services

Date : Nov 13, 2019

Bentley Systems, Incorporated, a leading global provider of comprehensive software and digital twin cloud services for advancing the design, construction, and operations of infrastructure, has introduced two new digital twin services...

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GCC Targets $76bn in Cost Savings from Green Energy by 2030

Date : Nov 13, 2019

With the GCC rapidly adopting renewable energy generation and lower carbon emissions, International Renewable Energy Agency (Irena) is predicting that if its sustainable plans are realized, it result in cost savings of $76 billion by...

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World Future Energy Summit to Focus on GCC Water Sustainability Initiatives

Date : Nov 13, 2019

Gulf Cooperation Council’s (GCC) $80 billion investment in world-leading water and wastewater sustainability initiatives, will take centre stage at the Water Expo & Forum, part of the World Future Energy Summit 2020, to be held in...

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JSW Energy on Track to Increase Capacity by 10 GW

Date : Nov 13, 2019

JSW Energy is on track to becoming a 10 GW company in the next three to five years and aims to double it to 20 GW by the end of the next decade. JSW, with current capacity of 4,559 MW, is scouting for acquisitions in both thermal and...

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IndianOil Close to Complete Research on Plastics-To-Oil Technology

Date : Nov 13, 2019

Indian Oil Corporation, the country’s largest PSU refiner and retailer, is about to complete a research that could throw up one of the biggest breakthroughs and help the government eliminate all single-use plastics from the country by...

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Dubai Municipality Signs MoU with DSOA to Launch Test Lab for Sustainability Initiatives

Date : Nov 12, 2019

The Dubai Municipality has signed a Memorandum of Understanding, MoU, with the Dubai Silicon Oasis Authority, DSOA, to develop a geospatial infrastructure, enhance cooperation frameworks in the sustainability field, and test new ideas...

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Abu Dhabi Petroleum Exhibition and Conference Opens in Abu Dhabi

Date : Nov 12, 2019

The world’s most influential oil and gas exhibition and conference, the largest-ever Abu Dhabi Petroleum Exhibition and Conference (Adipec), has opened yesterday.

 

As a global platform for industry...

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Shell Names New Head of Refining Business

Date : Nov 12, 2019

Royal Dutch Shell has appointed Huibert Vigeveno to head its downstream businesses, the refining operations that are to become a key pillar for the oil and gas company as it transitions to cleaner energy. Vigeveno, 50, previously led...

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India: Gujarat Govt Approves CNG Port Terminal at Bhavnagar

Date : Nov 14, 2019

The government of Gujarat has given its approval for a compressed natural gas (CNG) terminal in Bhavnagar with a proposed investment of Rs 1,900 crore.   The approval was given by the Gujarat Infrastructure Development Board headed by Chief Minister of Gujarat Vijay Rupani. It would be the world's first CNG port terminal. It project be developed jointly by UK-headquartered Foresight Group and Mumbai-based Padmanabh Mafatlal Group.   The Gujarat Maritime Board (GMB) had signed a memorandum of understanding (MoU) with the Foresight Group to set up this port terminal at Bhavnagar in the Vibrant Gujarat Summit held in January 2019. Apart fr...

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ExxonMobil, ONGC to Collaborate on Offshore India Studies

Date : Nov 14, 2019

ONGC has signed a memorandum of understanding (MoU) with ExxonMobil to cooperate in technical studies and frontier areas. This could lead to joint programs in deepwater and other petroleum exploration license blocks held by ONGC...

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ADNOC Extends Bids Deadline for Offshore Oil Exploration until Year End

Date : Nov 14, 2019

Abu Dhabi National Oil Company (ADNOC) has extended the deadline for bids for offshore oil and gas exploration until the end of December to give interested companies more time to discuss forming potential consortia, a spokesman for...

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PetroIran Plans for Mass-Production of Multiphase Pumps

Date : Nov 14, 2019

The CEO of PetroIran Development Company announced its plans for mass-production of multiphase pumps in collaboration with local manufacturers.

 

According to the National Iranian Oil Company (NIOC), Sepehr...

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RCJY and Air Products Qudra Sign MOU

Date : Nov 14, 2019

Royal Commission for Jubail and Yanbu (RCJY) and Air Products Qudra signed a Memorandum of Understanding (MOU) to establish world-class industrial gas production facilities and distribution networks in the industrial cities of Royal...

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GMS Wins 4-Year Deal in Middle East

Date : Nov 14, 2019

GMS announces the award of a 4-year contract (firm period) for a K-Class (Small) vessel. GMS's customer is a Middle East national oil company, for which GMS will provide support for offshore activities. The work will be undertaken...

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KEC International Wins Contracts Worth Rs 1,806 cr

Date : Nov 12, 2019

KEC International has secured orders worth Rs 1,806 crore across its various businesses.

 

The Railway business has secured orders of Rs 1,303 crore in India. The orders have been bagged for overhead...

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Iran’s Newly-Discovered Oilfield Named as Namavaran – Petroleum Minister

Date : Nov 12, 2019

Iranian Minister of Petroleum Bijan Zangeneh said that the newly-discovered oilfield in Khuzesan was named Namavaran, adding the field had an oil in place estimate of 53.3 billion barrels.

 

Addressing...

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Qatargas Operates LR1 for 10 Yrs without Lost Time Incident

Date : Nov 12, 2019

Qatargas Operating Company Limited “Qatargas" has successfully managed to operate Laffan Refinery 1 (LR1) with zero Lost Time Injury (LTI) case for 10 years since started production in 2009.

 

The...

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RIL again puts off Gas Bid to Nov 15 on Bidders Request

Date : Nov 11, 2019

Reliance Industries has for the second time in a month put off bidding to sell natural gas it plans to produce from newer fields in the flagging eastern offshore KG-D6 block, sources said. The sources said potential bidders sought...

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