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Schneider Electric Invests in AutoGrid to Drive new AI Solutions

Date : Jun 17, 2019

Schneider Electric, a leader in the digital transformation of energy management and automation, has announced an investment in AutoGrid, a leader in flexibility management software for the energy industry.

 

The investment makes Schneider Electric a major shareholder in the company and establishes a co-innovation partnership focused on driving new AI (artificial intelligence) and machine learning solutions for the utilities and commercial and industrial companies.

 

The investment is led by Schneider Electric Ventures, part of Schneider Electric's newly-formed Innovation a...

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Oil Price Surges due to Regional Tension

Date : Jun 17, 2019

Saudi Arabia has blamed Iran for attacks on two oil and chemical tankers in the Gulf of Oman waters but stopped short of declaring a conflict. Regional tension has pushed up oil prices.

 

Crown Prince Mohammed...

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KOTC’s Vessels Operating Normally; Safety Precautions in Place

Date : Jun 17, 2019

State-run Kuwait Oil Tanker Company (KOTC) said on Thursday its vessels were operating as normal after suspected tanker attacks in the Gulf of Oman.

 

The company is ready for any emergency and has taken all...

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India: 5mn Tons of Oil Reserves Lie Uninsured

Date : Jun 17, 2019

India is unable to secure insurance cover for about 5 million tonnes of crude oil reserves kept in caverns for any exigency, which also include supplies from sanctions-hit Iran. Global reinsurers are unwilling to provide cover fearing...

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GAIL Offers to Assume Konkan LNG’s Debt in Exchange for Stake

Date : Jun 14, 2019

State-run gas utility GAIL (India) Ltd has proposed to assume the debt of about ₹40 billion of Konkan LNG Pvt. Ltd in lieu of receiving the lenders’ stake in the company for free, said two bankers aware of the discussions. The...

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Maharashtra to Renegotiate Tariffs for 1,170 MW of Auctioned Solar Projects

Date : Jun 14, 2019

The Maharashtra Electricity Regulatory Commission (MERC) has ordered Maharashtra State Electricity Distribution Company Limited (MSEDCL) to renegotiate tariffs with solar developers for projects allocated to...

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Tamil Nadu Launches Procedure for Deviation Settlement of Wind and Solar Projects

Date : Jun 14, 2019

Tamil Nadu State Load Dispatch Centre (TNSLDC) and Tamil Nadu Electricity Regulatory (TNERC) have issued the procedure for forecasting, scheduling, and deviation settlement mechanism of wind and solar...

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Lukoil, Oil Minister, Discuss Prospects for Cooperation

Date : Jun 14, 2019

The President of Lukoil, Vagit Alekperov (pictured), has met with Thamir Abbas Ghadhban Al Ghadhban, Deputy Prime Minister and Minister of Oil of the Republic of Iraq, at the St. Petersburg International Economic...

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Two Oil Tankers Damaged in Suspected Attacks in Gulf of Oman

Date : Jun 14, 2019

Two oil tankers were hit in a suspected attack in the Gulf of Oman early on Thursday, causing oil prices to surge and raising the already heightened tensions in the Middle East. The tankers were evacuated and the crew is reported...

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Saudi Oil Reserves Up by 12% in 2018 – BP

Date : Jun 14, 2019

Saudi Arabia’s oil reserves were revised upwards by 12 per cent in BP’s new Statistical Review, moving the Kingdom closer to the top spot after it revealed long-held reserves secrets.

 

Saudi...

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Investment Approved for Ramagundam Floating Solar PV Project

Date : Jun 17, 2019

NTPC has received investment approval for a solar project in the state of Telangana.

 

The project involves setting up 100 MW Ramagundam Floating Solar PV Project, Phase-I in Peddapelli district of Telangana.

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Fujairah Oil Industry Zone Draws Interest of Key Oil Players

Date : Jun 07, 2019

The Port of Fujairah and the adjacent Fujairah Oil Industry Zone (FOIZ) continue to attract further business and investment, with local firm Brooge Petroleum and Gas Investment Company (BPGIC) and Dubai-based Sahara Energy Resources...

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SmartAE Signs Deal with Sewa for Energy Efficiency Retrofit Project

Date : Jun 06, 2019

Smart Automation Energy (SmartAE) said it has signed an agreement with Sharjah Electricity and Water Authority (Sewa) for Burj Al Muhaned Energy Efficiency Retrofit Project, being represented by Al Mudeer Owner Association Management...

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ShaMaran Petroleum Completes Acquisition of Atrush Stake

Date : Jun 05, 2019

ShaMaran Petroleum has announced the completion of its acquisition of an additional 7.5% participating interest in the Atrush Block [from Marathon Oil], previously announced on April 3, 2019, bringing ShaMaran’s total interest in Atrush...

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MERC Commission Approves Signing of Long Term PPAs for 1,000 MW of Solar Projects

Date : Jun 05, 2019

The Maharashtra Electricity Regulatory Commission (MERC) has in an order dated May 27, 2019, approved the signing of power purchase agreements (PPAs) by Maharashtra State Electricity Distribution Company Limited...

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CMC Approves IOCL Proposal for Laying Gas Pipeline

Date : Jun 05, 2019

Indian Oil Corporation Limited (IOCL) got a nod for laying underground pipeline for supply of gas to domestic, industrial or commercial premises and CNG stations within the limits of Chas Municipal Corporation (CMC) area. “We...

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KOC Plans to Build 15 New Substations

Date : Jun 05, 2019

Kuwait Oil Company (KOC) has announced plans to build 15 substations in the country's Burgan Al Kabir area.

 

The Burgan field is playing a key role in achieving KOC's strategic goal of reaching 3.65...

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Tata Motors Collaborates with Indian Oil for the Initiation

Date : Jun 03, 2019

The initiation of Tata Motors to collaborate with Indian Oil popped up the idea to launch ‘Saarthi Aaram Kendra’, for the commercial vehicle drivers throughout the highways. Thus, the initiative looks after proper small...

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Delhi Jal Board Nod for Setting up India's Largest Sewage Treatment Plant

Date : Jun 03, 2019

The Delhi Jal Board (DJB) has given its approval for setting up a new sewage treatment plant (STP) at Okhla. The STP will be the largest plant in the country and one of the largest in the world.

 

The STP will...

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Deep Casing Tools Wins $3mn Middle East Supply Contract

Date : Jun 03, 2019

Deep Casing Tools, the Aberdeen-headquartered well technology business, secured a US$3 million Middle East contract to supply tools.

 

As part of its ambitious growth strategy in the Middle East, the deal for...

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Srijan Energy Systems’ 250 MW Wind Power Project Nears Completion

Date : May 31, 2019

Srijan Energy Systems is setting up 250 MW Inter-State Transmission System-connected (ISTS) wind-based power unit in Rajkot district of Gujarat (Tranche-IV).

 

The project has been allotted by the Solar Energy...

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