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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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DEWA Achieves Significant Progress in Water Transmission Network Project

Date : Jul 22, 2015

Dubai Electricity and Water Authority, DEWA , has achieved significant progress in its vital project aiming to supply, extend and commission a 16 km main water transmission network from Jebel Ali to Al...

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Eni Discovers up to 15bcm gas in Nile Delta Region; Production to Start Soon

Date : Jul 22, 2015

Italy's Eni has discovered gas reserves of up to 15 billion cubic meters in Egypt's Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday.

The...

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Masdar’s Solar Hub Launched at Intersolar NA Event

Date : Jul 22, 2015

Abu Dhabi’s renewable energy company Masdar has announced the international launch of its solar hub at Intersolar North America, a premier networking platform for the North American solar...

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Cairn Says Tie-Up with Parent Vedanta is on Track

Date : Jul 22, 2015

Cairn India Chief Executive Mayank Ashar said on Tuesday the firm's proposed buyout by parent Vedanta Ltd was "on track", brushing off demands from some minority shareholders for a higher price...

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Iran and Germany to Develop Downstream Ties

Date : Jul 22, 2015

In the wake of the lifting of international sanctions, Iran is set to dramatically increase its downstream dealings with Germany, according to Iran’s ambassador to Germany Ali Majedi.

 

Germany is sending a high ranking...

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Iran Offers India $8bn Worth Projects

Date : Jul 21, 2015

Iran has offered India $8 billion worth of infrastructure projects, including a stake in developing the strategic port of Chabahar, the country’s ambassador to New Delhi has said.

 

New Delhi wants to use the...

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Indian Oil to Invest Rs 10 Bn to Raise Stake in CPCL

Date : Jul 21, 2015

Indian Oil Corporation Ltd will invest Rs 10 billion for raising stake in Chennai Petroleum Corporation Ltd by subscribing to preferential issue. 

 

Shareholders of CPCL have decided to increase...

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Indore Smart City Project Awaits Centre’s Approval

Date : Jul 21, 2015

The Madhya Pradesh Government is waiting final clearance from the Central government to develop Indore smart city. The city will be developed on a 300-acre non-processing area of Indore special economic zone (SEZ). The state government has applied to...

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Work on Damaracherla Power Plant to Begin Soon

Date : Jul 21, 2015

Works on the 4,400 MW super critical thermal power station being set up by the Telangana State Generation Corporation (TSGenco) at Damaracherla in Nalgonda district is likely to take off soon with the agency getting environmental clearance for the...

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Seychelles Launches Renewable Energy Initiative with Masdar

Date : Jul 21, 2015

Seychelles has launched a renewable energy initiative in collaboration with the UAE’s Masdar Company to establish new wind and solar energy projects to secure future domestic needs of 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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