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Masdar Signs Green Revolving Credit Facility

Date : Oct 19, 2018

Masdar, Abu Dhabi Future Energy Company, has signed a green Revolving Credit Facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects.

 

The facility, which is the first green RCF in the Middle East, has been arranged with the UAE’s First Abu Dhabi Bank, FAB, Societe Generale Corporate & Investment Banking, Japanese multinational banking and financial services company Sumitomo Mitsui Banking Corporation, and pan-European global banking and financial services group UniCredit - ...

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Total in Talks to Buy Stake in Adani’s LNG, City Gas Projects

Date : Oct 15, 2018

French energy giant Total SA is in talks to buy up to half of Adani Group's stake in LNG projects in Gujarat and Odisha, an under-construction LPG import facility and in its city gas projects, sources privy to the development said....

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Tadweer Unveils Latest Waste Management Technologies at Gitex Expo

Date : Oct 15, 2018

Abu Dhabi Waste Management Center (Tadweer) is showcasing its latest waste management and pest control technologies and solutions at the upcoming Gitex Technology Week 2018 expo in Dubai.

 

Tadweer, which is...

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Shell Signs Supplier Deal with National Plastic Factory of Oman

Date : Oct 15, 2018

Shell Oman Marketing Company recently signed an agreement with National Plastic Factory (NPF) to be one of its main packs suppliers for lubricants.

 

With this, NPF will be the first Omani manufacturer and...

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Al Ezzel Power Company of Bahrain Closes $243 Financing Deal

Date : Oct 15, 2018

Al Ezzel Power Company, a key electricity supplier in Bahrain, celebrated the closing of a $243-million new financing facility.

 

This is a landmark achievement in the Bahrain infrastructure...

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Baker Hughes Acquires 5% Stake in Adnoc’s Drilling Unit

Date : Oct 15, 2018

State energy giant Abu Dhabi National Oil Company (Adnoc) has signed a strategic partnership agreement with Baker Hughes, a GE Company (BHGE) allowing the world's second-largest services company to acquire a 5 per cent stake in Adnoc's...

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Aramco Reinforces Commitment to Cut Greenhouse Gas Emissions

Date : Oct 12, 2018

Saudi Aramco, the world's leading integrated energy and chemicals company, has reinforced its commitment to reduce climate change-causing greenhouse gas emissions, at annual Oil and Gas Climate Initiative (OGCI)...

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Adnoc Sees Huge Opportunities for Investment & Growth as Oil Demand Up

Date : Oct 12, 2018

There are opportunities for expansion, investment and growth in the oil and gas industry, as demand for energy continues to rise, particularly from the high-growth economies of Asia, said Dr Sultan Ahmed Al Jaber, UAE Minister of...

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Iraq Plans Big Increase in Oil Production

Date : Oct 12, 2018

The Basra Oil Company (BOC) reportedly plans to increase production from 3.2 to 5 million barrels per day over the next seven years.

 

According to source, BOC director Ihsan Ismaael told the CWC Basra...

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India May Seek Extension of 4 November Deadline for Oil Import from Iran

Date : Oct 12, 2018

India might seek an extension of the 4 November deadline set by the United States for sanctions on oil exports by Iran if it doesn’t manage to secure a waiver. New Delhi is hoping to get a waiver from the sanctions as it cut...

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Aramco to Pursue Non-Metallic Growth Opportunities

Date : Oct 11, 2018

State oil giant Saudi Aramco will pursue the non-metallic growth opportunities by unlocking its broad range of potential, aligned with its growth strategy covering the oil and gas sector as well as automotive, building and...

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India and Nepal Pipeline Project Construction 75% Complete

Date : Oct 19, 2018

About seventy-five per cent of the petroleum pipeline jointly being constructed by India and Nepal has been completed, the Nepal Oil Corporation (NOC) stated. Speaking to source, Sushil Bhattarai, the acting managing director of the NOC confirmed that 75 per cent progress in the first transnational pipeline connecting India and Nepal has been achieved. "In the Nepali side, I think 70 to 75 per cent of the laying of the pipeline has been completed as of today. When you consider the distance from the Motihari (Bihar) to Amlekhganj (Nepal), we can take it as 50 per cent," Bhattarai said.   The first petroleum pipeline extending from India's...

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Wison Engineering Wins Sabic Technology Centre Expansion Contract

Date : Oct 19, 2018

Chinese group Wison Engineering Services Company said one of its subsidiaries has secured a $150-million engineering, procurement and construction (EPC) contract from Sabic for a utilities park and pilot plants project in...

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Licensing Rounds for Iran’s Resalat and Forouzan Oilfields Underway

Date : Oct 19, 2018

Head of the contracts affairs at the Iranian Offshore Oil Company (IOOC) said proposals for bidding in projects aimed at enhancing the production capacity of Resalat and Forouzan offshore oilfields were being considered by the...

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Saudi Aramco, Total to Carry out FEED of $5bn Jubail Petchem Complex

Date : Oct 19, 2018

Saudi Aramco, a leading global energy company, and French oil and gas major Total have signed a joint development agreement for the front-end engineering and design (FEED) of a giant petrochemical complex in...

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Dewa Awards $25mn Contracts for Distribution Transformers

Date : Oct 16, 2018

Dubai Electricity and Water Authority (Dewa) has awarded contracts to design, manufacture, test and supply 111/0.4 kV, 1,500 kVA and 1,000 kVA cast resin distribution transformers with low-voltage (LV) smart meters to international transformer...

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L&T Wins $253mn Kuwait Power Infrastructure Contracts

Date : Oct 16, 2018

India's top engineering and construction firm Larsen & Toubro (L&T) said one of its units has been awarded Rs18.8 billion ($253 million) order for power infrastructure in connection with major housing projects in...

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Jaiprakash Associates, RKM, 5 Others Bag 1,900 MW Power Supply Deals

Date : Oct 15, 2018

Seven companies including RKM PowerGen, Jaiprakash Associates and MB Power have secured contracts to supply 1,900 MW of power to five states.

 

Power Finance Corp Consulting Ltd, a wholly-owned subsidiary of...

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Bapco Commissions New Abqaiq-Bahrain Pipeline

Date : Oct 12, 2018

Bahrain’s national oil company Bapco has commissioned a new 350,000-barrels-per-day (bpd) pipeline (AB pipeline) between Saudi Arabia and Bahrain.

 

The 115-km, 24-to 30-inch-diameter pipeline, which...

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JSW Energy to Revive 240 MW Hydro Power Project in Himachal Pradesh

Date : Oct 11, 2018

JSW Energy intends to revive its 240 MW hydro power project located in Chamba district of Himachal Pradesh at a cost of Rs 2,500 crore. The project which was conceived in 2007 was put on hold as the company could not have a long-term...

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BPCL to Commission 2G Ethanol Plant in Odisha by Dec 2020

Date : Oct 10, 2018

Bharat Petroleum Corporation Ltd (BPCL) plans to commission its second generation (2G) ethanol bio-refinery at Odisha's Bargarh district by December 2020.

 

The project will see an investment of Rs 10...

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