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ADNOC CEO Discuss Investment Dynamics at World Government Summit

Date : Jul 03, 2020

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) discussed regional and global investment dynamics alongside the world’s leading global infrastructure and institutional investors during a panel session as part of the virtual series of the World Government Summit.

 

Speaking during the session titled ‘Regional and Global Investment Dynamics in the New Normal,’ H.E. Dr. Al Jaber explained how despite the impact of COVID-19 on global economies, the United Arab Emirates’ trusted business environment continues to attract world-class investment o...

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IOC to Form JV with Bexmico for LPG business in Bangladesh

Date : Jul 02, 2020

India Oil Corp, the country's top refiner and fuel retailer, will form an equal joint venture with RR Holdings Ltd, the parent firm of Bexmico, for liquefied petroleum gas in Bangladesh, it said in a...

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Haryana Govt Cancels 2 Power Sector Contracts With Chinese Companies

Date : Jul 02, 2020

The Haryana government has cancelled contracts with Chinese companies for installing pollution control equipment worth Rs 780 crore at two of its thermal power facilities.

 

The contracts had been awarded by...

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Adnoc Inks $20bn Energy Assets Deal

Date : Jul 01, 2020

Abu Dhabi National Oil Company (Adnoc) said it has entered into an agreement with some of the world’s leading infrastructure investors and operators, sovereign wealth and pension funds.

 

A consortium of...

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Iran Refinery Gas Output Grows – NIGC

Date : Jul 01, 2020

Spokesperson of the National Iranian Gas Company (NIGC) announced a growth in the natural gas production at Iran’s refineries.

 

Mohammadi Asgari, speaking to Shana, said the average gas production at...

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Oil Recovery May Gather Pace in H2 – Opec Chief

Date : Jul 01, 2020

Oil and gas markets recovery is likely to gather pace in the second half of the year as countries further ease lockdown restrictions and demand rises, said Opec Secretary General Mohammad Sanusi Barkindo, expressing cautious optimism that the...

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Ecolog, Siemens in Deal to Provide Industrial Wastewater Treatment Solution

Date : Jun 30, 2020

Ecolog International, a leading global provider of integrated services, technology, environmental solutions, energy, logistics, engineering and construction solutions, and Siemens Energy's Water Solutions business, a leading...

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Energy Investments in Mena to Decline by $173bn – Apicorp

Date : Jun 30, 2020

The planned and committed energy investments in the Mena region will exceed $792 billion over the next five years (2020–2024), a $173 billion decline from the $965 billion in last year’s five-year outlook, estimates Arab Petroleum...

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Seeq Expands Support for O&G Industry Data Storage Systems

Date : Jun 30, 2020

Seeq’s expanded support for oil and gas industry data storage systems enables advanced analytics and faster data-based decision making in the current challenging environment.

 

Seeq Corporation, a leader...

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India: Hindustan Zinc Puts Wind Energy Assets on Block

Date : Jun 30, 2020

Vedanta Group Company Hindustan Zinc has put its wind energy assets on the block. The assets are valued at around Rs 1,500 crore and described as ‘non-core’.

 

Two renewable energy companies backed by...

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SWCC's Al-Shaqeeq Desal Plant Operational before Set Date

Date : Jul 03, 2020

Saline Water Conversion Corporation (SWCC) said its mega development Al Shaqeeq Desalination Plant has become operational in record time and well ahead of schedule (one-third of the specified time).   It is now feeding 42,500 cu m of desalinated water per day to Asir and Jazan.   The groundwork of the Al Shaqeeq project was laid in December last year and it got completed in only six months, it stated.   Al-Shaqeeq is a pioneering industrial entity in the desalination industry, and an effective contributor to the national economy and comprehensive development.   It is one of nine new plants with modern technologies set up on the Red Se...

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KCA Deutag Secures $460mn Land Drilling Contracts

Date : Jul 03, 2020

Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe.

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Acwa Power Eyes Iraq Solar PV Projects

Date : Jul 03, 2020

Acwa Power of Saudi Arabia is prepared to execute solar photovoltaic (PV) projects it has proposed to develop in Iraq once the new government gives permission to proceed.

 

Acwa Power proposed developing two...

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India: AP Approves Proposal for a 10 GW Mega Solar Project for Agricultural Sector

Date : Jul 03, 2020

The Andhra Pradesh cabinet has approved the proposal to develop a 10 GW mega solar power project for the benefit of the farmers in the state. The project will supply nine hours of continuous power to the farmers during the daytime,...

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ONGC, OIL Top Bidders for 11 Oil & Gas Blocks

Date : Jul 03, 2020

ONGC was the sole bidder for six blocks, OIL was the lone bidder in all the four blocks it bid for, the Directorate General of Hydrocarbons said. India's latest oil and gas block bid round attracted only 12 bids for the 11 areas...

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Iran: Largest Methanol Tower Built Locally

Date : Jul 02, 2020

MP METHANOL tower, designed as the largest tower in methanol units, was designed and built by Fateh Sanat's experts for Siraf Energy Methanol project.

 

Domestic manufacturing of the tower prevented $3 to...

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Firms Submit Interest in $3.5bn Ras al-Khair Desalination and Power Plant

Date : Jul 02, 2020

Prospective investors have submitted expressions of interest (EOI) in the privatisation of the existing Ras al-Khair desalination and power plant, a deal which is likely to be worth up to $3.5bn and represents the first major utilties plant...

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India: Deloitte, SBI Capital Markets Appointed to help UTs Power Discoms’ Privatisation

Date : Jul 02, 2020

Deloitte and SBI Capital Markets have been appointed as consultants to help with the privatisation of Union Territories’ electricity distribution companies (discoms).

 

The state-run Power Finance Corporation...

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Sparrows Completes Asry Crane Inspection Services in Bahrain

Date : Jul 02, 2020

Sparrows Group, a global provider of specialist equipment and integrated engineering services to the oil and gas, renewables and industrial sectors, said it has completed its first project for Asry (Arab Shipbuilding & Repair...

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Sewa Completes Implementation of 305-km Natural Gas Network

Date : Jul 01, 2020

Sharjah Electricity and Water Authority (Sewa) has completed the implementation of a natural gas network in all areas of Rahmaniyah, with a length of 305 km, bringing the length of the network in the city of Sharjah to 1,750...

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