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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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India Setting up $350mn Solar Development Fund, says Raj Kumar Singh

Date : Jan 22, 2018

India is setting up a $350-million solar development fund to support financing of solar projects, minister of state for new and renewable energy Raj Kumar Singh said.

 

Delivering the keynote...

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Iran: $3bn Needed for Building Every 1,000 Km of Gas Pipeline

Date : Jan 22, 2018

Construction of every 1,000 kilometers of 56-inch natural gas pipeline costs over 3 billion dollars, an Iranian gas official says.

 

Managing director of Engineering and Development of Gas of Iran Hossein...

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Masdar, EDF SA Sign Agreement to Collaborate in Power Sector

Date : Jan 22, 2018

Masdar, Abu Dhabi Future Energy Company, has signed an agreement to collaborate with EDF SA, the parent company of the EDF Group, in the power sectors of countries in sub-Saharan...

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Dewa Unveils Dh26.4bn Budget for 2018

Date : Jan 22, 2018

Dubai Electricity & Water Authority (Dewa) has unveiled a budget of Dh26.417 billion ($7.19 billion) for 2018, compared to Dh24.358 billion in 2017, incorporating investments in conventional and non-conventional energy sources,...

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PDO Plans Drilling Over 600 Wells in 2018

Date : Jan 22, 2018

Petroleum Development Oman (PDO) plans to drill in excess of 600 wells this year in line with a strategy to maintain activity levels notwithstanding the downturn that has forced the oil and gas sector to scale back capital expenditure...

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ADFD Approves $25mn Loan for Irena Solar PV Projects

Date : Jan 19, 2018

Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has announced that $25 million in concessional loans has been earmarked for two solar PV projects being recommended by the...

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Abu Dhabi Unveils World’s Largest Reserve of Desal Water in Liwa Desert

Date : Jan 18, 2018

Abu Dhabi has unveiled the world’s largest reserve of high quality desalinated water, secured in a network of 315 recovery wells lying up to 80 m below the Liwa Desert.

 

The wells are fed by one of the...

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Bahri Secures $96mn Funding for 4 New Bulk Carriers

Date : Jan 18, 2018

Bahri Dry Bulk, a business unit of global logistics leader Bahri, has secured a Sharia-compliant funding of SR360 million ($96 million) from Saudi Arabia-based Bank Albilad to finance the purchase of four new bulk...

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India to Auction 55 Blocks for Oil, Gas Exploration Today

Date : Jan 18, 2018

India will today put on auction 55 exploration blocks in the first bid round in eight years that will offer a record area for prospecting of oil and gas, the head of country's upstream regulator...

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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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Colombo Dockyard Gets Deal for Oil Platform Vessels

Date : Not Given

Sri Lankan shipbuilder Colombo Dockyard has secured contracts for two 78-metre Multipurpose Platform Supply Vessels .MPSVs. for Greatship Global Offshore Services of Singapore, a statement said. The vessels, to support offshore oil and gas fields around...

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Mauritius Signs $2 Billion Fuel Contract with MRPL

Date : Not Given

India's Mangalore Refinery and Petrochemicals Ltd .MRPL. on Thursday signed an agreement to supply fuel to the Indian Ocean island nation of Mauritius for the next three years. The agreement was signed between Mauritius's State Trading Corporation and...

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O.N.G.C. seeks government approval to raise expenditure.

Date : Not Given

India s Oil & Natural Gas Corporation .O.N.G.C.. is reportedly seeking approval from government to raise its capital...

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ONGC Offered Stake in Norway's $1-billion Carbon Project

Date : Not Given

The Norwegian government has offered Oil and Natural Gas Corporation .ONGC. a stake in a $1-billion carbon capture storage...

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L&T Bags Rs 110-crore Order from West Bengal Electricity Co

Date : Not Given

Larsen & Toubro Ltd .L&T. has secured a contract worth Rs 110-crore for supply of energy metres from the State Government controlled West Bengal State Electricity Distribution Company. According to a company release, the Electrical & Automation business...

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Leighton Offshore Awarded US$733 Million EPC Contract

Date : Not Given

Leighton Offshore announced the signing of an EPC contract with Iraqs South Oil Company to install three single point moorings...

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Saudi Plans Expansion of Dammam Port

Date : Not Given

Saudi Arabia plans to raise the capacity of its second-largest port in Dammam and may spend more than SR2.3 billion .$613...

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Mahanadi Coalfields to Set Up Rs 9,000cr Power Plant in Orissa

Date : Not Given

Mahanadi Coalfields Ltd .MCL., an arm of Coal India Ltd .CIL., plans to set up a 1,600-Mw power plant in Orissa with an...

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BG Group Finalizes $15bn Aussie Gas Deal

Date : Not Given

British energy corporation BG Group said on Sunday it had given final approval to a $15 billion project to develop a major new liquefied natural gas project in northeastern Australia. Chief executive Frank Chapman said the Queensland Curtis Liquefied...

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ABB Wins Ezdan s Contract for Two Substations in Qatar?

Date : Not Given

ABB, the leading power and automation technology group, has won an order to supply two new substations to the Ezdan Real Estate Company, one of Qatar's biggest property developers. One 132/11 kilovolt .kV. substation will supply power to two new shopping...

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