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Saudi Aramco Continue New Investments in India, After Reliance Calls Off Deal

Date : Nov 26, 2021

The Saudi Arabian public petroleum and natural gas Saudi Aramco has announced that it has no plans of giving up on investment opportunities in India, as the latter houses ‘tremendous growth opportunities over the long term, stated the oil giant on Sunday.

 

The global oil major has confirmed that it will continue looking for and evaluating new and existing business opportunities with potential partners in the country.

 

In August 2019, Reliance Industries Limited and Saudi Aramco signed a non-binding letter of intent, as per which the former would sell 20% of its stake in its O2C busines...

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Wood Wins SABIC’s Industrial Services Contract

Date : Jul 06, 2018

Wood secured a new contract with SABIC’s UK Petrochemical unit, to provide industrial services at the Olefins 6 plant in Wilton, Teesside, UK.

 

The contract with SABIC UK Petrochemicals Limited,...

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SEZAD Seeks Omani Investments in Duqm Projects

Date : Jul 06, 2018

Officials from Special Economic Zone Authority at Duqm (Sezad) said that they wanted to get local communities more involved in Duqm, besides drawing in more Omani investment.

 

They added that Sezad’s...

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Hindustan Petroleum May Use Mix of Shares, Cash and Oil Bonds to Buy MRPL

Date : Jul 05, 2018

Hindustan Petroleum Corporation Limited (HPCL) may use a mix of shares, cash and oil bonds to pay for acquiring and merging Mangalore Refinery and Petrochemicals Ltd (MRPL) with itself, according to people familiar with the merger...

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Two Million New Jobs to Be Offered in Wind Energy Sector by 2022, says Suzlon Chairman Tulsi Tanti

Date : Jul 05, 2018

India's wind energy sector will offer two million new jobs by 2022 as the country looks to double its overall manufacturing capacity in the wind space in the next four years, said Tulsi Tanti, chairman and managing director of...

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Shell Launches Latest Fuel Innovation

Date : Jul 05, 2018

Shell Oman has launched Shell V-Power, the latest in fuel innovation designed to offer customers Shell’s best performance and efficiency fuel with Dynaflex Technology.

 

The all-new Shell V-Power is a...

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India Can Export Up to 5 GW Wind Energy By 2022, Says Tulsi Tanti

Date : Jul 04, 2018

India can become a global wind energy exporter by 2022 if the government continues to back its commitment to achieve 40 per cent of total installed power capacity from non-fossil fuels by 2030.

 

“We...

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Floating Oil Island for Iraq’s Expected Spurt in Exports

Date : Jul 04, 2018

The South Oil Co. (SOC), based in Basra, Iraq, will establish a floating oil island off the coast of al-Faw Peninsula to increase its export capacity by as many as 2 million barrels a day.

 

The company...

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Honeywell UOP Appoints New President

Date : Jul 04, 2018

Honeywell has announced the appointment of John Gugel as president of Honeywell UOP, a leading supplier of process technology, catalysts, engineered systems, and technical and engineering services to the global petroleum refining,...

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Rowan Signs Jack-up Rig Lease Contract with Aramco

Date : Jul 04, 2018

Rowan Companies, a global provider of contract drilling services, said that the Bob Palmer, a Super Gorilla XL Class jack-up rig has been leased to ARO Drilling for a three-year contract with oil giant Saudi...

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Japan Imports 19mn barrels Crude Oil from UAE

Date : Jul 04, 2018

Japan imported 19.149 million barrels of crude oil from the UAE in May 2018, said the Agency of Energy and Natural Resource in Tokyo.

 

This accounts for 20.7 per cent of Japan's total crude imports, the...

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Rabigh 3 IWP Completes Performance Test

Date : Nov 26, 2021

SEPCO III, China announced in a statement that, the plant performance test of the Rabigh 3 Independent Water Plant (IWP) was successfully completed.   During the performance test, each system operated stably and all parameters were qualified, which was recognized and praised by the owner, statement mentioned.   Rabigh 3 IWP will utilize reverse osmosis (RO) technology to yield a capacity of 600,000 cubic metres a-day.   ACWA Power submitted the lowest tariff at 0.53USD/m3 and was selected to develop the desalination plant alongside the Saudi Brothers Commercial Company (SBCC) in Rabigh, Saudi Arabia.   The value of the...

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Bahrain Intends to Bring Shale Oil Project Online by 2023

Date : Nov 25, 2021

Bahrain remains on pace to bring online its offshore shale reserves by 2023, although a final investment decision and outside investor interest is still a work in progress.

 

Oil and gas minister Shaikh...

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Saudi Steel Pipe Wins $50.6mn Supply Contracts from Aramco

Date : Nov 25, 2021

Saudi Steel Pipe Co. (SSP) announced in a statement, that it has secured the contract for supply of oil and gas steel pipes from Saudi Aramco.

 

The value of the contract is SAR 189.9 million (USD 50.6...

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IOC to Spend Rs. 1000bn on Refinery Expansion

Date : Nov 25, 2021

The country’s largest refiner, Indian Oil Corporation (IOC), is increasing its capacity by 25 million metric tonnes per annum [MMTPA] and is targeting to process high-value petrochemicals in a big way. IOC will increase its overall...

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NTPC to Commission Two Units of Subansiri Lower Hydel Power Project by Aug 2022

Date : Nov 25, 2021

NHPC has assured that major components of Subansiri Lower Hydel Power Project will be ready in due time so that two units of 500 MW of the project will be commissioned by August 2022.

 

The Parliamentary...

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Iraq Plans $3bn Budget to Switch to Gas-Powered Generation

Date : Nov 24, 2021

Iraq, Opec’s second-largest producer, plans to invest $3 billion annually to replace the burning of liquids at its power plants with natural gas, the country’s deputy minister...

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Alfanar Wins $26.5mn 380kV Reactors Project in Al Jouf

Date : Nov 24, 2021

The Saudi Electricity Company (SEC) has awarded a contract to Alfanar Construction Company for “Installation of 380kV Reactors at Al Jouf 380kV Substation” in northern region of Kingdom of Saudi...

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Power Grid Corp of India Approves Investment Plans of Rs 552 cr

Date : Nov 24, 2021

The state-run Power Grid Corporation of India (PGCIL) has approved investments proposals worth around 552 crore.

 

These investment proposals include capital expenditure for procurement of telecom equipment...

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Halliburton Submits Lowest Bid for O&G Services in Bahrain

Date : Nov 23, 2021

Tatweer Petroleum W.L.L received the bidders’ proposals for the Oil and Gas Services to be conducted in its fields in Bahrain.

 

Three bidders have submitted the proposals. Global firm, Halliburton has...

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Initial Startup Activities begin at SABIC’s Jubail Ethylene Glycol Plant

Date : Nov 23, 2021

Saudi Basic Industries Corp’s (SABIC) has announced that its 75 percent-owned subsidiary Jubail United Petrochemical Co. has begun initial startup activities at its ethylene glycol plant.

 

The estimated...

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