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Acwa Power to Join SolarCoin Ecosystem

Date : Jan 22, 2018

Acwa Power, a leading power generation and desalination firm, said it will adopt SolarCoin - the global reward programme for solar electricity generation-marking the first time a utility-scale generator joins the SolarCoin ecosystem.

 

SolarCoin adoption will provide digital tokens to Acwa Power for every MWh of solar energy produced and will provide a supplementary means of payment for goods and services than conventional currency.

 

SolarCoin is a blockchain-based digital asset and currency designed to accelerate the transition to clean energy technology. The energy-referenc...

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No Clearance to Power Plants if theydon’t Follow Norms, says MoEF

Date : Jan 18, 2018

The Ministry of Environment and Forests (MoEF) has assured the National Green Tribunal that it would not grant clearance to any new thermal power plant until they comply with the standards set by it, after a plea alleged that many...

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Iran Can Generate $12b from 6 South Pars Projects, says Iranian MP

Date : Jan 18, 2018

A member of the Iranian parliament says the country can generate up to 12 billion dollars annually from 6 projects of the supergiant South Pars Gas Field in Persian Gulf.

 

Spokesperson of the Parliament's...

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26 Firms to Bid for Oil, Gas Blocks in Iraq's Border Areas: Oil Ministry

Date : Jan 18, 2018

The Iraqi oil ministry said 26 companies have qualified to bid for oil and gas blocks in border areas. Five companies qualified recently to take part in the bidding round, alongside 21 others already selected, the ministry said in a...

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World Future Energy Summit 2018 Opens

Date : Jan 17, 2018

The World Future Energy Summit (WFES) 2018 opened its doors to some of the world’s most important sustainability stakeholders at the Abu Dhabi National Exhibition Centre.

 

The event, and its co-located...

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GAIL India Renegotiates LNG Deal with Russia’s Gazprom

Date : Jan 17, 2018

Gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom, the Indian company said on Tuesday, in third such negotiation by India to make the imported...

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Oil Hits $70 for First Time in 3 Years

Date : Jan 17, 2018

Oil’s rise to $70 a barrel for the first time in three years had clear triggers as supplies tighten and demand climbs, yet it still surprised many traders because there were so many reasons for prices to falter, said...

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QP Announces Official Start of Qatargas-Rasgas Integrated Entity

Date : Jan 17, 2018

Qatar Petroleum has announced the official start of operations of the new Qatargas following the successful completion of the integration with RasGas, which was announced in December 2016.

 

Saad Sherida...

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Shell, European ENGIE Invest $20m in Clean Microgrids for India and Tanzania

Date : Jan 17, 2018

Major Oil Company Shell and European utility ENGIE are among investors to have pumped US$20 million into Husk Power Systems, a developer of microgrids which is expanding its efforts in Asia and Africa. Self-described as a “rural...

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IOCL, Israel's Phinergy to Develop Ultra Lightweight Batteries for EVs

Date : Jan 17, 2018

State-owned Indian Oil Corporation Limited (IOCL) today signed an initial pact with Israel's Phinergy Ltd for developing ultra lightweight metal-air batteries that can be used in electric vehicles...

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Dewa, Aramco Discuss Closer Ties in Key Development Projects

Date : Jan 16, 2018

A senior delegation from oil giant Saudi Aramco visited Dubai Electricity and Water Authority (Dewa) discuss closer ties and co-operation in key development projects, mainly in power and water sector.

 

The...

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HPCL Acquisition to Improve ONGC's Appetite for Overseas Acquisition, says CMD Shashi Shanker

Date : Jan 22, 2018

Oil and Natural Gas Corporation (ONGC), India's first to be fully integrated 'Oil Major', will will benefit from an increased appetite for overseas acquisitions post the Rs 36,915 crore acquisition of state-run fuel retailer Hindustan Petroleum (HPCL), Chairman and Managing Director Shashi Shanker said.   "With the consolidated balance sheet of ONGC and HPCL, we will probably be better equipped to leverage it for overseas acquisitions even for difficult assets," Shanker said at a media interaction here on the company's latest approval to the HPCL deal.   He added minority shareholders should continue to be invested...

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Iraq Signs MoU with BP to Boost Oil Output in Kirkuk

Date : Jan 19, 2018

Oil Minister Jabar Ali al-Luaibi (Allibi, Luiebi) has signed on Thursday a memorandum of understanding with BP to rehabilitate the oil fields in Kirkuk governorate.

 

Michael Townsend, CEO of BP, said that the...

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ExxonMobil Signs Deal for Deepwater Oil Exploration off GNPC

Date : Jan 19, 2018

Exxon Mobil Corporation signed a deal with Ghana National Petroleum Corporation (GNPC) on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield. The signing followed direct negotiations between Ghana...

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Bahrain Considers Developing Tight Gas Reserves This Year

Date : Jan 19, 2018

Bahrain will start the development of its tight gas reserves this year, said the country’s minister of oil, even as the country prepares to bring online a liquefied natural gas import terminal in 2019 to meet its rising domestic...

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Saudi Arabia to Begin Solar Project Development Work in Taif

Date : Jan 19, 2018

Saudi government will be setting up a solar energy plant in the Taif region as part of its ambitious SR11 billion ($3.1 billion) development plan for the city located in the Makkah province of the...

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Yes Bank to Mobilise $1 bn by 2023 for Solar Energy Projects in India

Date : Jan 19, 2018

Private sector lender Yes Bank today said it will mobilise USD 1 billion by 2023 for financing solar energy projects in India.

 

The announcement was made at the International Solar Alliance (ISA) conference...

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KNPC Awards Fuel Stations Contract to CGC

Date : Jan 18, 2018

Combined Group Contracting Company, a regional commercial construction services firm, has won a contract from Kuwait National Petroleum Company (KNPC) to build 10 new filling stations worth KD15.47 million ($51.25 million)...

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NTPC Fulfilled Land Compensation Commitment for Gadarwara Power Project

Date : Jan 18, 2018

State-run NTPC Ltd said today that it has fulfilled all its commitments for the acquisition of land for its 1,600 MW Gadarwara power project.

 

The public sector power utility said it will continue to work...

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Adani Group Expressed Interest to Replicate Mundra Port in West Bengal

Date : Jan 18, 2018

The Adani group has expressed interest to replicate Mundra Port that the group has in Kutch, in West Bengal. The group also wants to double its investment in West Bengal. Adani group already has investment worth Rs 750 crore in...

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HPCL Rajasthan’s Barmer Refinery Will Open New Opportunities for Youth, says Pradhan

Date : Jan 17, 2018

Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday said that the opening of Barmer Refinery will open an ocean of new employment opportunities for the youth in the country. Speaking at a rally after the...

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