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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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First Solar-Powered Villa in Hatta Connected to Grid

Date : Jan 17, 2018

The first solar-powered villa has been connected to the grid in Hatta, Dubai, as part of a pioneering initiative to promote residential solar projects.

 

The Hatta solar project consists of 640 solar-powered...

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GKP Signs Oil Sales Agreement with KRG

Date : Jan 17, 2018

Gulf Keystone Petroleum (GKP) has announced that a crude oil sales agreement has been signed between Gulf Keystone Petroleum International Ltd (“GKPI”), on behalf of the Shaikan contractors, and the Kurdistan Regional...

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Hiranandani Group to Pump in Rs 7,000 Crore for Green Energy in Bengal

Date : Jan 17, 2018

After limited success in coal bed methane (CBM) exploration, Bengal may finally get access to sufficient green energy. Courtesy, Hiranandani Group.

 

The project, conceived in 2015, had some initial hiccups...

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Schneider Electric Appoints Mohan Somasi as VP of India Hub Execution Centre

Date : Jan 17, 2018

Mohan has been leading Schneider Electric's E-House Regional Application Center for APAC. He will be responsible for spearheading the India Hub Execution Center's turnkey projects, in addition to his earlier responsibilities,...

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Azure Power Bags 200 Mw Solar Power Project via SECI Auction

Date : Jan 16, 2018

Azure Power today announced bagging of a 200 mw solar power project through an auction conducted by Solar Energy Corporation of India (SECI).

 

"The 200 mw allocation is the largest by SECI in this...

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Iran Petrochemical Output Nearly 40 Mt in 9 Months

Date : Jan 16, 2018

Iran's petrochemical production stood at 39.9 million tons in the first three quarters of the current calendar year which begins on March 21.

 

According to National Petrochemical Company (NPC)'s...

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CIL to Invest Rs. 37,000 Cr to Ramp up Production in Barmer Oil Fields

Date : Jan 16, 2018

Vedanta’s oil and gas vertical Cairn India Limited is planning to invest Rs. 37,000 crore to ramp up crude production at its Barmer oil fields in Rajasthan.

 

The investment will be made over the next...

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Alba Set Another Production Record in 2017

Date : Jan 16, 2018

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, set another output record with production reaching 981,016 metric tonnes per annum (mtpa) during 2017.

 

Alba’s 2017 volume...

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India: Rajahmundry Unit of ONGC Receives Best Onshore Asset Award

Date : Jan 15, 2018

ONGC Rajahmundry has been awarded as the Best Onshore Asset amongst all the oil and gas companies including private players in the country. OISD is a regulatory body with Ministry of Petroleum and Natural Gas. Shashi Shanker, CMD,...

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Russia’s Gazprom Neft Halves Badra Production Target

Date : Jan 15, 2018

Russia’s Gazprom Neft has reportedly revised down its output plateau for the Badra oil field.

 

Denis Sugaipov, head of Gazprom Neft’s department of large projects, told Reuters that the consortium...

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