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Saudi Arabia Leads Race for 26% Stake in OPaL

Date : Sep 21, 2018

Aramco, Saudi Arabia's state-owned oil company, is leading the race for a strategic stake in ONGC Petro additions Ltd (OpaL), a petrochemical joint venture between ONGC, GAIL and Gujarat State Petroleum Corporation Ltd. Kuwait Petroleum Corporation (KPC) is the other major contender for the OPaL stake. Three sources in OPal confirmed to DNA Money the ongoing talks with Aramco and KPC, but said nothing has been finalised. "So far Aramco is in the lead," said a senior OPaL executive.

 

The strategic investor is expected to be offered about 26% stake in the company, which had commissioned a petrochemical fa...

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GoI Floats Proposal to Appoint Consultant for Oil CPSEs

Date : Sep 07, 2015

The Government of India (GoI) has floated a proposal for appointment of a consultant to conduct a benchmark study to improve productivity, profitability, operational efficiency and future growth prospects of select midstream and...

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Oxy Weighs Solar Source for Mukhaizna Field Heavy Oil Production

Date : Sep 07, 2015

Occidental of Oman (Oxy), currently the largest independent oil producer in the Sultanate, is weighing moves to harness the energy of the sun for producing heavy oil from its Mukhaizna field in Block 53 — a move...

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No Expansion of CIL’s Projects Sans Public Hearing: EAC

Date : Sep 07, 2015

An expert Appraisal Committee (EAC) of the Union environment ministry has ruled out state-run Coal India’s demand to allow a one-time capacity expansion of the company’s existing projects...

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Ma'aden Phosphate Co Resumes Operations in Ammonia Plant

Date : Sep 07, 2015

A subsidiary of Saudi Arabian Mining Company (Ma'aden) has resumed operations at its ammonia plant after completing technical repairs of the facility's heat exchanger, the company said in a bourse filing on...

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Emirates Extrusion to Commission 3rd Production Line in Dubai

Date : Sep 04, 2015

Emirates Extrusion Factory (EEF), a leading aluminium extrusion company in UAE, plans to commission its third extrusion line at its plant in Techno Park, Dubai, which will increase its production capacity by 7,000...

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SHELL Keen to Lease Mangalore New Strategic Oil Storage

Date : Sep 04, 2015

Royal Dutch Shell plc (Shell) is in talks to lease India's new strategic oil caverns at Mangalore on the country's southwest coast, giving it increased storage in a market where oil demand is...

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DEWA CEO Reviews Progress on Mohammed bin Rashid Al Maktoum Solar Park

Date : Sep 04, 2015

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority, DEWA, has visited the Mohammed bin Rashid Al Maktoum Solar Park in Seih Al Dahal in Dubai, to review progress on the different projects...

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Wind Energy to Provide 30pc of Global Power by 2050 – GWEC

Date : Sep 03, 2015

Wind energy will be able to provide 25 to 30 per cent of global power demand by 2050, according to a new report from the Global Wind Energy Council (GWEC).

 

A total of 318,137 MW of wind energy capacity were...

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Government Clears Auctioning of 69 ONGC, Oil India Fields

Date : Sep 03, 2015

Government of India, will auction 69 small and marginal oil and gas fields taken away from state-run ONGC and Oil India to private firms on a new revenue sharing model, offering operators full marketing and pricing...

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Iran with OPEC Aims to Restore Oil at $70 - $80 per Barrel

Date : Sep 03, 2015

Iranian Petroleum Minister Mr Bijan Zangeneh said on Wednesday that Tehran in cooperation with other members of the Organization of Oil Producing Countries (OPEC) is following up decisions to bring balance back to global oil markets...

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Woqod Floats Tenders for Construction of Fuel Stations, Truck Road

Date : Sep 21, 2018

Qatar Fuel (Woqod) said it has floated tenders for the construction of four new petrol stations on the Orbital Highway and also for development of a new truck road that will connect Mesaieed, Hamad Port, Dukhan, Lusail and Al-Khor areas.   The tenders were floated after close co-ordination with the Urban Planning Department of the Ministry of Municipality and Environment, the Public Works Authority (Ashghal) and the Ministry of Transport and Communications in the selection of sites for those stations, said a statement from Woqod.   The move comes as part of Woqod's aim to open a total of 120 fuel stations by the end of 2020, it...

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New 300MW Wind Energy Park to Come Up in Coimbatore

Date : Sep 20, 2018

A private renewable energy company has won a bid to set up a 300 Mw wind energy park in Coimbatore district. The Hyderabad-based Mytrah Energy won the bid, for which tender was floated by Solar Energy Corporation of India on Monday...

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Besix Completes Bahrain LNG Terminal Project

Date : Sep 19, 2018

Besix, the largest Belgian construction company operating in the Middle East, said it has completed the design and construction of the Bahrain LNG (Liquefied Natural Gas) Import Terminal, located offshore Muharraq...

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Adani Group, IOC, BPCL, Torrent Emerge as Big Winners of City Gas Licences

Date : Sep 18, 2018

The Petroleum and Natural Gas Regulatory Board (PNGRB) on Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani's group, state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp...

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NTPC Kudgi Project Becomes Fully Operational

Date : Sep 17, 2018

The third unit begins commercial production from today NTPC Kudgi’s 3rd unit of 800 MW commenced commercial production from Saturday. With this the NTPC Kudgi project has become fully operational with 2400...

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Empower Completes $16.3 Expansion at DIFC Cooling Plant

Date : Sep 14, 2018

Emirates Central Cooling Systems Corporation (Empower) has completed Dh60 million ($16.3 million) expansion at its district cooling plant in Dubai International Financial Centre (DIFC), according to the approved time plan in April...

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Bids for 9,000 MW Solar Power Projects Spiked, Government May Miss Target

Date : Sep 14, 2018

Solar power agencies of the central and state governments have scrapped bids for projects aggregating 9,000 MW capacity, which will lead to a flat growth in capacity addition next year and delay the goal of achieving 1 GW (giga watt)...

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ADFD Approves $33mn Loan for Sharjah Waste-to-Energy Project

Date : Sep 12, 2018

UAE-based Abu Dhabi Fund for Development (ADFD), a leading national entity for development aid, has approved a $33-million concessionary loan for the development of a waste-to-energy facility in the northern emirate of...

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EGA Marks Major Milestone in Al Taweelah Alumina Refinery Project

Date : Sep 12, 2018

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has received the first shipment of caustic soda for its under-construction Al Taweelah alumina refinery, marking a major...

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Suzlon Inks JV with CLP India for Two Solar Projects in Maharashtra

Date : Sep 12, 2018

Wind turbine maker Suzlon Tuesday announced a joint venture (JV) with CLP Power India Private Limited for two solar projects with of 50 megawatt (MW) and 20 megawatt (MW) in Dhule, Maharashtra.

 

"As per...

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