Wednesday 27 May 2015

Alstom, NASL to retrofit steam turbines in Gujarat

Alstom, a global leader in the world of power generation and NASL, a joint venture between India’s NTPC and Alstom Power Systems, have won a contract worth approximately €26.6 million ($29.2 million) from the Gujarat State Electricity Corporation Limited (GSECL) to renovate and moder


Borealis, Agrifos in deal to develop ammonia project

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, and Agrifos Partners, a project development company, have reached a preliminary agreement to jointly develop a world-scale ammonia project through Gulf Coast Ammonia.


Solar energy now ‘commercially viable’ in UAE

The drop in the cost of UAE’s solar powered energy sources has reached parity with cost of fossil fuels, making it economical and commercially viable, according to the ‘REmap 2030’ report. The ‘REmap 2030’ report was published by the International Re


Libyan government warplanes attack oil tanker docked at Sirte

Warplanes from Libya's official government attacked an oil tanker docked outside the city of Sirte, wounding three people and setting the ship on fire, officials said.   It was the third confirmed strike by the internationally recognised government on oil ta


Iran says Opec unlikely to change output ceiling

The Organization of the Petroleum Exporting Countries (Opec) is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said, according to the semi-official Mehr news agency.   "Lowering Opec&#


Gulf Capital, Carbon sign $25m debt financing deal

Gulf Capital, a leading alternative investment firms in the Middle East, and Carbon Holdings, Egypt’s largest petrochemicals holding company, have signed a debt financing agreement to support three of the latter’s mega-industrial projects in Ain Al Sokhna on the Suez Canal in Egypt.


Mitsubishi, Tepco win $2.5bn Qatar gas plant bid

Japan's Mitsubishi Corp and Tokyo Electric Power Co (Tepco) said on Monday they had won a contract to build a 300 billion yen ($2.5 billion) gas-fired power plant in Qatar, as Japan steps up investment in infrastructure in Asia. The 2.4 gigawatt plant is the type of investmen


Saudi, Bahrain electricity firms back Power-Gen ME

Top regional power producing companies Saudi Electricity Company (SEC) and Bahrain Electricity and Water Authority (Bewa) are set to take part as supporting entities at the 13th annual Power-Gen Middle East Conference and Exhibition. The event will run from October 4 to 6 at the


US begins work on first offshore wind plant

The US recently began construction of its first offshore wind plant, a 30-megawatt (MW) farm consisting of five turbines, which is expected to start its operation in the fourth quarter (Q4) of 2016, a report said. The feasibility of Block Island Wind Farm, located 18 miles from t


Bahrain oil industry growth highlighted

The growth of the oil industry in Bahrain was highlighted at a Bahrain British Business Forum (BBBF) networking event. Energy Minister Dr Abdulhussain Mirza, who was the keynote speaker, reviewed the history of the oil industry in Bahrain since the discovery of crude in the kingd

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