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Oman Signs Exploration Agreements for Blocks 51 and 65

Date : Dec 18, 2018

Oman has signed on Sunday two agreements giving a unit of Occidental Petroleum the rights to explore for oil and natural gas in concessions 51 and 65, said the Oil Ministry of the Sultanate.

 

Oil Minister Mohammed bin Hamad al-Rumhi signed the agreement covering concession 51 with Occidental Oman and the agreement on concession 65 with Occidental Oman and Oman Oil Company Exploration and Production, a unit of state-owned Oman Oil Co.

 

Concession 51 covers 10,133 square kilometres (3,912.37 square miles) and concession 65 covers 1,230 square kilometres (474.91 square miles), according to a...

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SABIC Renews Partnership with Japan’s Methanol Company

Date : Dec 18, 2018

Saudi Arabia’s SABIC said it signed an agreement with the Japan Saudi Arabia Methanol Company (JSMC), renewing its partnership in the Saudi Methanol Company (Ar-Razi) for another 20...

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Siemens Plans to Install First Lithium-ion Battery at Offshore Drilling Rig

Date : Dec 18, 2018

Global technology powerhouse Siemens has announced plans to install the world’s first lithium-ion battery solution for an offshore drilling rig.

 

BlueVault, the advanced lithium-ion battery-based...

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ONGC, OIL India Spend Rs 130 Billion on 115 Discoveries Govt Took Away from Them

Date : Dec 18, 2018

Union Oil Minister Dharmendra Pradhan said that state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) spent over Rs 13,000 crore on 115 oil and gas discoveries. He said that these discoveries were taken away from them by the...

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500 Compress Biogas Plants to Come Up By 2023, says Dharmendra Pradhan

Date : Dec 18, 2018

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Sunday said plans are afoot to set up 5,000 compressed biogas (CBG) plants across the country by 2023.

 

The Centre intends to move towards...

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Indian Oil’s Polypropylene Unit in Paradip to Start Production

Date : Dec 18, 2018

The Indian Oil Corporation Ltd (IOCL) plans to start production from its polypropylene unit at Paradip in Odisha by December end. The 15-million-tonne refinery is already producing diesel, petrol and kerosene. Keeping in mind the requirements,...

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CIL to Pay $0.1mn if it Fails to Meet Exploration Commitment in Oil Block

Date : Dec 17, 2018

Mining baron Anil Agarwal's Cairn India won a third of its total haul of 41 oil blocks in India's maiden bid round under open acreage licensing policy by committing a miniscule exploration programme whose non-fulfilment will attract...

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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...

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NTPCL Acquires 720 Mw Barauni Thermal Power Plants in Bihar

Date : Dec 17, 2018

State-owned power generator NTPC Ltd today announced it has acquired the 720 Megawatt (Mw) Barauni thermal power plant in Begusarai district in Bihar with effect from 15 December.

 

The coal based power...

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Adnoc Collaborate with IBM for Oil, Gas Blockchain Application Deal

Date : Dec 17, 2018

Abu Dhabi National Oil Company (Adnoc), a leading energy and petrochemicals group, has announced its successful collaboration with IBM, piloting a blockchain-based automated system to integrate oil and gas production...

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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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Maaden Develops Wa’ad Al Shamal as Centre of KSA’s Phosphate Industry

Date : Dec 10, 2018

The Saudi Arabian Mining Company (Ma’aden) celebrated the inauguration of the industrial city of Wa’ad Al Shamal by the Custodian of the Two Holy Mosques King Salman Bin Abdul Aziz. Wa’ad Al Shamal is the new centre...

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Oxea Plans to Set-up Oxo Chemicals Plant in Duqm SEZ

Date : Dec 10, 2018

Leading chemicals company Oxea, a wholly-owned subsidiary of Oman Oil Company (OOC), is set to make significant investments in a major petrochemicals complex planned downstream of the Duqm Refinery project in the sultanate, said a...

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Oman Plans to Offer 6 New Oil & Gas Blocks for Investment

Date : Dec 07, 2018

Oman has announced plans to offer six new oil and gas blocks for investment as part of the 2019 Licensing Round due to be unveiled in the first quarter of next year. The new blocks — distributed across the play fairway onshore...

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India Aims to Commission Dhamra LNG Terminal in 2019

Date : Dec 06, 2018

India aims to commission the Dhamra LNG terminal on the eastern coast in 2019, said Oil Minister Dharmendra Pradhan.

 

The minister said Indian Oil Corp will expand the capacity of 300,000-barrels-per-day...

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Adnoc Plans to Expand CO2 Capture to Boost EOR

Date : Dec 06, 2018

The Abu Dhabi National Oil Company (Adnoc) said it is moving ahead with plans to expand the process of capture, storage and utilization of carbon dioxide (CO2) produced from either the Habshan-Bab gas processing facilities or the Shah gas...

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Subtech Group Bags Subsea Contracts in Middle East

Date : Dec 06, 2018

Subtech Group, part of James Fisher and Sons plc, has been awarded multi-million dollar contracts with a major oil and gas contractor, supporting a number of offshore and subsea projects across the Middle...

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Hogan Lovells Plays Key Role in Sharqiyah IWP Project

Date : Dec 05, 2018

Hogan Lovells, a leading global law firm, said it had played a key role in advising JGC Corporation, United Infrastructure Development Company (part of Bahwan Engineering Group) and Doosan Heavy Industries & Construction, the...

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GEECL to Invest $2bn in Raniganj (South) CBM Block in India

Date : Dec 04, 2018

India-based coal bed methane (CBM) production firm Great Eastern Energy (GEECL) has announced plans to invest $2bn in its Raniganj (South) block in the state of West Bengal over the next ten years for exploitation of shale reserves....

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Dewa Signs $32 million Water Pipelines Contract

Date : Dec 04, 2018

Dubai Electricity and Water Authority (Dewa) has awarded a Dh118-million ($32.1 million) contract to supply, fit, and commission 26.5 km of water pipelines across Dubai.

 

The new project will help achieve...

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Bahrain Launches New 350,000-bpd Saudi Pipeline Link

Date : Dec 03, 2018

His Majesty King Hamad has opened the new 350,000-bpd (barrel per day) AB-4 pipeline between Bahrain and Saudi Arabia that will replace the existing 230,000 bpd link.

 

The project was launched during an event...

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