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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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Petronash Unveils Plan of Growth with Key Partnerships

Date : Oct 09, 2015

Petronash, a leading UAE-based specialist in oil & gas equipment, has unveiled a strategy to accelerate its local and international growth with key partnerships and local value addition in various...

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Russia, Saudi Energy Ministers Discussed Oil Market Situation

Date : Oct 09, 2015

Russia and Saudi Arabia discussed the situation on the oil market last week and agreed to continue consultations, exchanging views on demand, production and shale oil, Russian Energy Minister Alexander Novak told...

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NTPC, SAIL Gets Clearance to Expand Durgapur Captive Power Plant

Date : Oct 09, 2015

NTPC-SAIL Power company has received environment clearance for expansion of its Durgapur captive power plant (2X20 MW) in West Bengal.

 

The environment clearance (EC), which will be valid for...

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India, Germany Sign Agreements Under Green Energy Programme

Date : Oct 08, 2015

Government of India and KFW, Federal republic of Germany have signed two loan agreements worth 125 million euro for financing two projects under the Green Energy Projects (GEC)...

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India: Centre Okays NPP for Sagarmala Project

Date : Oct 08, 2015

To rope in maritime states in the Sagarmala port development project, the Centre on 5 October 2015 lined up Rs 70,000 crore for upgrade of major ports. 

 

According to the...

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Aramco in Talks to Buy Stake in CNPC Refinery

Date : Oct 08, 2015

Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as retail assets, people familiar with the matter said - a deal that would help it...

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Oman’s Logistics Sector Gears Up

Date : Oct 07, 2015

With the logistics sector in Oman set to grow beyond the $12 billion mark by 2017, the Sultanate is quickly advancing with its plans to diversify the economy beyond its traditional petrochemical base, and to transform itself into a...

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Emirates Sembcorp Mulls Project Bond in 2016

Date : Oct 07, 2015

Emirates SembCorp Water & Power, a joint venture behind the Fujairah 1 independent water and power plant, is considering issuing a project bond, said its chairman on Monday.

 

The bond may...

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Oryx Piping Selects Epicor for ERP Solutions

Date : Oct 06, 2015

Epicor Software Corporation, a global leader in business software solutions, has announced that Dubai-based Oryx Piping Associates has chosen its next-generation enterprise resource planning (ERP) solution – Epicor ERP...

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PetroRabigh Postpones 50-day Shutdown

Date : Oct 06, 2015

Saudi Arabia's PetroRabigh said it would postpone a 50-day shutdown, which had been scheduled to start on Sunday, by one week.

 

The firm, a joint venture between Saudi Aramco and Japan's Sumitomo...

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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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