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Over $36.9 billion in capital expenditure will be spent over the lifetime of the top 10 upcoming offshore heavy oil projects to produce 2.6 billion barrels of oil.
These 10 projects, selected from 18 upcoming offshore heavy oil projects globally, will contribute incremental capacity of 400.5 thousand barrels of oil per day (mbd) to global oil supply by 2025, according to GlobalData, a leading data and analytics company.
Ayin-Batsil, an announced shallow water field in Mexico that was not awarded during last year’s bidding rounds, is the largest with anticipated peak production at 62.... |
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The Abu Dhabi National Oil Company (Adnoc) has announced, as part of Abu Dhabi’s first ever block licensing strategy, the details of the initial round of six geographical oil and gas blocks open for bidding. This follows the announcement last month by Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO that Abu Dhabi was to launch its first ever competitive exploration and production bid round. The licensing strategy represents a major advance in how Abu Dhabi unlocks new opportunities and maximizes value from its hydrocarbon resources. It is also consistent with Adnoc’s approach to expanding its strategic pa... |
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Oil Plus of UK Wins Key Middle East ContractsDate : Apr 24, 2018UK-based Oil Plus, a specialist global oil and gas consultancy, has secured contracts worth more than $1.5 million over the past three months and has significantly expanded its footprint in the Middle... |
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€245m Earmarked for Building Gasline in Southeastern IranDate : Apr 24, 2018The Iranian Gas Engineering and Development Company (IGEDC) has planned to invest €245 million on construction of a gas pipeline from the southeastern city of Iran shahr to Chabahar.
IGEDC CEO Hassan... |
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Bids for Moser Baer Solar Likely this Week: Resolution ProfessionalDate : Apr 23, 2018News for the assets of bankrupt Moser Baer Solar are likely to be invited this week, according to resolution professional Arvind Garg.
The company owes over Rs 1,000 crore to a clutch of lenders. The debt... |
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SJVN Signs MoU to Target 9,200 Mn Units Generation this FiscalDate : Apr 23, 2018Public sector power generator Satluj Jal Vidyut Nigam (SJVN) Ltd has signed a MoU with the Union Power Ministry setting a target of generating 9,200 million units of electricity, according to an official announcement on... |
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Sanjay Kumar Moitra Takes Charge as Onshore Director of ONGCDate : Apr 20, 2018Director (Onshore) of Oil and Natural Gas Corporation (ONGC) as Director (Onshore), he will look after oil and gas production from ONGC's onshore fields. With over 35 years of experience in oil & gas production activities at... |
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Karnataka is the Top Solar PV State in India: Mercom CapitalDate : Apr 19, 2018Karnataka's solar photovoltaic (PV) capacity crossed the 5GW mark in the first quarter of 2018 to transform it into India's top solar PV state, according to Mercom's India Solar Project Tracker. So far in 2018, Karnataka... |
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Sabic-Mitsubishi JV Starts Commercial Production at Jubail PlantDate : Apr 18, 2018Samac, a joint venture of Saudi Arabia’s Sabic and Japan’s Mitsubishi Chemical Corporation (MMC), has begun production of high-value products at its Jubail plant in the... |
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First Phase of Gas Supply to Chabahar Power Plant will be Complete by MayDate : Apr 17, 2018An Iranian gas official says the first phase of gas supply to Chabahar power plant for delivering a million cubic meters per day of natural gas to the facility will be complete by late May.
Speaking source,... |
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Work in Steady Pace at Bahrain's Fuel Farm ComplexDate : Apr 16, 2018Work is moving at a steady pace on the fuel farm complex being built by BAC Jet Fuel Company (BJFCO) in the vicinity of Bahrain International Airport (BIA) and will be ready by March 2019, said a report.
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Al Yasat Petroleum Operations Company has received bids for the development of an offshore oil an
Ratnagiri Refinery and Petrochemicals Ltd (RRPCL), a consortium of Indian oil companies, have sig
BP of Oman has awarded a contract worth $95 million for the construction and installation of Gas
Abu Dhabi Company for Onshore Petroleum Operations (Adco) is said to have received bids for the e
Kuwait Oil Company (KOC) has extended the bids submission deadline for the construction of new ga
Saudi Aramco has signed an agreement for the expansion of their joint venture refinery in Saudi A
