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Hitachi Ltd to Announce Purchase of ABB's Power Grid Business

Date : Dec 17, 2018

Hitachi Ltd and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group's power grid business for up to $7 billion, the Nikkei business daily reported.

 

The two companies, which have previously said they were in talks, will hold a news conference later on Monday, the business daily said. The report said the acquisition was likely to total around 600 billion to 800 billion yen ($5.3 billion to $7 billion).

 

A Hitachi spokesman declined to confirm the report, saying it was not something it announced.

 

($1 = 113.4800...

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Riyadh Set to Take Energy-Saving Measures

Date : Sep 10, 2015

Riyadh Municipality is set to increase its reliance on energy-saving (LED) systems for street lighting to decrease electric power consumption and expand the use of solar energy, according to a...

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Tatweer Achieves Increase in O&G Production

Date : Sep 10, 2015

Tatweer Petroleum has achieved an increase in oil and gas production and the commissioning of several major projects in the year to date, Energy Minister Dr Abdulhussain Mirza has said.

 

A...

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Iran, Oman Pipeline Consultant Pact to Be Finalised by September 14

Date : Sep 10, 2015

Iran and Oman are expected to a sign a deal on appointing an Iranian consultant for a study to build a pipeline to carry Iranian gas to Oman, according to National Iranian Gas Exports Company's Managing Director Alireza Kameli....

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Aramco Seeks $5bn Loan for its Already Funded Refinery Project

Date : Sep 09, 2015

Saudi Aramco, the kingdom's state oil giant, is talking to banks about raising a $5 billion loan related to a refinery it built in collaboration with China's Sinopec, three sources with knowledge of the matter...

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Asry Shortlisted for Key Seatrade Awards

Date : Sep 09, 2015

Asry has been shortlisted for two awards at the Seatrade Maritime Awards for Middle East, Indian Subcontinent and Africa to be held in Dubai on October 19.

 

The nominations are in the ship repair innovation...

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Netoil in Talks to Buy NOCL’s Nagarajuna Refinery Share

Date : Sep 09, 2015

Singapore-based oil firm Netoil (Singapore) (PTE) Limited has started confirmatory due diligence to acquire the entire equity capital in Nagarjuna Oil Corporation (NOCL), which is setting up a refinery of six million...

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RIL’s Chief Mukesh Ambani Likely to Exit Navi Mumbai SEZ

Date : Sep 09, 2015

Reliance Industries Chief Mukesh Ambani is planning to exit the Navi Mumbai special economic zone (SEZ), as the project has failed to take off in the past 11 years, despite extensions by the Maharashtra government....

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Saudi Solar Power Plans Shows No Signs of Progress

Date : Sep 09, 2015

Saudi Arabia's ambitious plans to become a world leader in installed solar power appear to have run into the sand amid disagreements over their scale, ownership and technology, said experts.

 

The...

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Uttar Pradesh Govt to Set Up 1,000 MW Solar Energy Park

Date : Sep 09, 2015

The State Government of Uttar Pradesh plans to set up a 1,000 MW solar energy park at Jalaun in Bundelkhand region. The state government has aquired 250 acre of land in Jalaun for developing the proposed...

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GPIC hits Record Production Milestone

Date : Sep 09, 2015

The Gulf Petrochemical Industries Company (GPIC) produced a record 136,592 tonnes of ammonia, urea and methenol in August, according to a top executive.

 

Dr Abdulrahman Jawahery, president, pointed out that...

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QP to Select Firms for North Field Expansion Project by Mid-2019

Date : Dec 14, 2018

The oil companies that Qatar selects to expand its north field natural gas reservoir will be announced in mid-2019, the country’s energy minister Saad al-Kaabi said.

 

Qatar plans to build four additional liquefied national gas trains in mid-2019, al-Kaabi said.

 

Qatar will announce the selected partners to build the largest ethane cracker in the world in the first quarter of 2019, he said.

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Saudi Arabia Launches First Phase of King Salman Energy Park

Date : Dec 14, 2018

Saudi Arabia has launched the first phase of the King Salman Energy Park project "Spark", which is located between Dammam and Al-Ahsa, Eastern Region, said a report.

 

HRH Prince Mohammed bin Salman...

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Aramco Awards Well Services Contract to Baker Hughes

Date : Dec 13, 2018

Leading oilfield services provider Baker Hughes, a GE company, said it has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimizing production from new and existing wells across...

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Reliance to Expand Oil Refinery Capacity of SEZ in Jamnagar

Date : Dec 13, 2018

Reliance Industries (RIL) is seeking to expand the installed capacity of its export-oriented oil refinery by 5.8 million tonne in the Special Economic Zone (SEZ) at Jamnagar, Gujarat.

 

The company had built...

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Ratnagiri Refinery Commissioning to be Delayed by Three Years

Date : Dec 13, 2018

The plan to set up the 60 million tonne refinery-cum-petrochemical project at Ratnagiri in Maharashtra is expected to be delayed by three years following a land acquisition issue.

 

The Maharashtra government...

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Abu Dhabi Inaugurates New Container Terminal

Date : Dec 12, 2018

Abu Dhabi has inaugurated a new container terminal at Khalifa Port.

 

A joint venture of Abu Dhabi Ports and China’s Cosco Shipping Ports agreed in 2016 to develop and operate the second container...

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Saudi Aramco, ADNOC’s India Mega Refinery Project Delayed by 2 Years

Date : Dec 12, 2018

India has delayed the commissioning of a giant refinery that state-owned firms are building in tie up with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC) by two year to 2025, a senior official at the consortium told source on...

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Acwa Signs Deal with 3 International Groups for Dubai Solar Project

Date : Dec 11, 2018

Acwa Power, a leading developer, owner, and operator of power generation and water desalination plants based in Saudi Arabia, said it has joined hands with three international groups - Spanish company Abengoa and Chinese firms...

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India to Tender 80 GW Solar and Wind Energy Projects by 2020

Date : Dec 11, 2018

India has declared the trajectory of bidding 60 gigawatt (GW) capacity of solar energy and 20 GW capacity of wind energy by March 2020, leaving two years time for execution of projects, Ministry of New and Renewable Energy (MNRE) said...

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Saudi Aramco Selects Sapura Energy as its LTA Contractor

Date : Dec 10, 2018

Sapura Energy Berhad (Sapura Energy) marked a significant milestone in its growth strategy when its wholly-owned subsidiaries, Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia, were selected to join Saudi Aramco’s...

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