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Saudi Arabia Leads Race for 26% Stake in OPaL

Date : Sep 21, 2018

Aramco, Saudi Arabia's state-owned oil company, is leading the race for a strategic stake in ONGC Petro additions Ltd (OpaL), a petrochemical joint venture between ONGC, GAIL and Gujarat State Petroleum Corporation Ltd. Kuwait Petroleum Corporation (KPC) is the other major contender for the OPaL stake. Three sources in OPal confirmed to DNA Money the ongoing talks with Aramco and KPC, but said nothing has been finalised. "So far Aramco is in the lead," said a senior OPaL executive.

 

The strategic investor is expected to be offered about 26% stake in the company, which had commissioned a petrochemical fa...

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Impose 50% of Solar Tariff as Penalty for Not Buying Power: Developers to MNRE

Date : Sep 21, 2018

Solar power developers have urged the power ministry to impose 50 percent tariff penalty on distribution companies that are not buying clean power despite their purchase agreements, sources said.

 

At a...

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India Set to Pay for Iranian Oil Using Rupees from November, says Sources

Date : Sep 21, 2018

India will settle payments for Iranian oil using rupees through local banks starting in November as US sanctions will make it difficult to settle trades through European banks, two industry sources said on Thursday. In May, US...

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China's CNOOC Sells Access to LNG Terminal as China Opens Up Vast Energy Market

Date : Sep 21, 2018

China's CNOOC sold access to its Yuedong liquefied natural gas (LNG) terminal to state-owned Zhenhua Oil and private logistics firm Longkou Shengtong Energy, its first such auction as the country pushes to liberalise its vast oil and gas...

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Kuwait Joins Spanish Firm to Build $184mn Wind Energy Project

Date : Sep 21, 2018

Kuwait Investment Authority (KIA) and the Spanish company Naturgy Energy Group, formerly Gas Natural Fenosa, were awarded an energy project valued at $183.7 million (EUR 158.7 million) in Australia, according to a recent statement by...

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Oil & Gas Among Top 10 Performers in Business – GlobalData

Date : Sep 21, 2018

Oil & gas, metals & mining, and construction sectors emerged among the top 10 performers with over 10 per cent growth in both revenue and profitability between 2016 and 2017, said a report.

 

Pharma,...

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CIL to Build New Methanol Plant in West Bengal

Date : Sep 20, 2018

State-owned Coal India Ltd (CIL) is planning to build a 676,000 tonne/year methanol project in the West Bengal state, a government source said on Wednesday. The plant will be set up by CIL’s wholly-owned subsidiary South Eastern...

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Indian Refiners to Pay Iran in Rupee for Oil, Says Report

Date : Sep 20, 2018

The Indian refiners will pay for oil from Iran in rupee from November 4 when petroleum-related sanctions against the country come into effect, source reported.

 

The government has identified UCO Bank and IDBI...

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Abu Dhabi Ports, KIZAD Boost Trade Relations with China

Date : Sep 20, 2018

Following China President Xi Jinping’s historic visit to the UAE in July, senior representatives at Abu Dhabi Ports and Khalifa Industrial Zone Abu Dhabi (KIZAD), visited Nanjing, Jiangsu Province, to bolster growing trade relations...

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Oman LNG Identifying Bottlenecks in Qalhat Plant to Boost Output

Date : Sep 20, 2018

Oman LNG, the nation’s gas liquefaction flagship, is weighing a major debottlenecking of its Qalhat plant – a move that could potentially boost its LNG output by 1.5 million tonnes per year (tpy),...

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Woqod Floats Tenders for Construction of Fuel Stations, Truck Road

Date : Sep 21, 2018

Qatar Fuel (Woqod) said it has floated tenders for the construction of four new petrol stations on the Orbital Highway and also for development of a new truck road that will connect Mesaieed, Hamad Port, Dukhan, Lusail and Al-Khor areas.   The tenders were floated after close co-ordination with the Urban Planning Department of the Ministry of Municipality and Environment, the Public Works Authority (Ashghal) and the Ministry of Transport and Communications in the selection of sites for those stations, said a statement from Woqod.   The move comes as part of Woqod's aim to open a total of 120 fuel stations by the end of 2020, it...

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Aker Solutions Wins Subsea Contract for Tamar Project

Date : Not Given

Aker Solutions has been awarded another subsea equipment contract worth approximately NOK 150 million by leading US independent oil and gas company Noble Energy Inc. Scope of work is engineering, manufacturing and delivery of a subsea controls...

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Kuwait Energy confirms oil discovery in Egypt.

Date : Not Given

The oil discovery of a new oil field, Al Zahraa, in East Ras Qattara, in Egypt s Western Desert was confirmed on Sunday by...

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ONGC to Take Over Tapti Gas Field Facilities

Date : Not Given

20 Apr 2015: Oil and Natural Gas Corporation has agreed to take over a part of the abandoned assets of the western offshore Tapti gas field from its joint venture partners Reliance Industries and BG once output falls to zero. With Tapti output declining...

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SPC Says Audit Approval is Must for Kuwait Mega Projects

Date : Not Given

The answer of Supreme Petroleum Council .SPC. to Kuwait Petroleum Corporation .KPC. was to go ahead with two mega projects, namely the fourth refinery and the clean fuel project, which includes the upgrading of Mina Abdullah and Mina Al-Ahmadi...

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ABB inaugurates two power products producing units in India

Date : Not Given

14 Nov 2013: ABB, the leading power and automation technology group, on Wednesday inaugurated two new facilities producing...

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Kuwait CGC likely to Win Fire Stations Contract

Date : Not Given

Kuwait's Combined Group Contracting Company .CGC. said on Oct 20 that it is the lowest bidder with a bid of 26.9 million...

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EQUATE s Styrene Monomer Unit starts production.?

Date : Not Given

A new Ethyl Benzene & Styrene Monomer .EBSM. production plant has been announced to have started commercial operations by the...

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Second unit of GMR s Kamalanga plant in Odisha commercially operational?

Date : Not Given

14 Nov 2013: The GMR Group is establishing 3x350 MW coal-based thermal power plant at Kamalanga in Odisha s Dhenkanal District....

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Technip Awarded Contracts By BG Group

Date : Not Given

Technip has been awarded a major four-year term agreement by BG Group for the provision of pre-FEED.1., FEED, full EPIC.2. and...

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Foster Wheeler Awarded Contracts for Turkey Refinery

Date : Not Given

Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded contracts...

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