News archive

GASCO’s natural gas distribution increases by 4% YOY

GASCO’s natural gas distribution increases by 4% YOY

The Egyptian Natural Gas Company (GASCO), announced that its distribution of natural gas has increased to 63.8 billion cubic meters in 2019, compared to 61.5 billion cubic meters in 2018, which is a 4%...
24 March 2020
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Saudi plans oil export to 10 million barrels a day

Saudi Arabia plans to boost oil exports even further from April to May 2020, reaching a record of more than 10 million barrels a day as the Kingdom taps a new field. The increase in shipments of about...
24 March 2020
Wärtsilä PP brings reliable electricity supply to Iraq

Wärtsilä PP brings reliable electricity supply to Iraq

A 29 MW gas-fuelled power plant supplied by the technology group Wärtsilä to the Umm Qasr Ports Authority Zone in Basra, Iraq, commenced commercial operations in February. The plant ensures the availability...
24 March 2020
Major reheating furnace upgrade for India’s JSW Steel

Major reheating furnace upgrade for India’s JSW Steel

JSW Steel entrusted Fives with an upgrade project of its reheating furnaces at JSW Steel Vijayanagar Works with the current production of 12 million tons per year. Fives is in charge of the modernization...
18 March 2020
GE Power India terminates contract with NECL

GE Power India terminates contract with NECL

GE Power India said that it has terminated a contract with Navayuga Engineering Company Ltd (NECL) for the supply of 12 turbine generators worth Rs 818.3 crore. GE Power India Ltd had intimated the BSE...
18 March 2020
Oil India and NRL sign crude oil sales agreement

Oil India and NRL sign crude oil sales agreement

A crude oil sales agreement (COSA) has been signed between Oil India and NRL for sale and purchase of crude oil from fields in northeast India. Oil India Limited (OIL) and Numaligarh Refinery Limited (NRL)...
18 March 2020
First coil processed at Rourkela Steel Plant of SAIL

First coil processed at Rourkela Steel Plant of SAIL

At the production facility of India steel maker Rourkela Steel Plant of Steel Authority of India Limited (SAIL), a hot strip mill with an annual production capacity of three million metric tons processed...
18 March 2020
Nayara Energy’s expansion plans face green challenge

Nayara Energy’s expansion plans face green challenge

Rosneft-backed Nayara Energy’s (formerly known as Essar Oil) plans for expansion of the existing refinery and setting up a new petrochemical complex at Vadinar near Jamnagar seems to have hit a hurdle...
18 March 2020
US LNG supply to make natural gas affordable for India

US LNG supply to make natural gas affordable for India

Rising US LNG supply and the efficiency of its producers and transporters will make natural gas affordable for India, the chief of US energy regulator has said. “Law of supply and demand, more US gas ...
18 March 2020
Monnet Ispat & Energy restarts operations

Monnet Ispat & Energy restarts operations

Monnet Ispat & Energy in a regulatory filing informed that it has restarted its operations at Raigarh Plant, Chhattisgarh after necessary modifications to plant and machinery for manufacturing special...
18 March 2020