News archive

India to top up strategic tanks with Saudi, UAE oil

India to top up strategic tanks with Saudi, UAE oil

India plans to take advantage of low prices for oil from Saudi Arabia and the United Arab Emirates to top up its strategic petroleum reserves (SPR), two sources familiar with the matter said. Global oil...
18 March 2020
ADNOC to increase supply to over 4 MMBPD

ADNOC to increase supply to over 4 MMBPD

ADNOC Group CEO, H.E. Dr. Sultan Ahmed Al Jaber comments on recent market developments: “Today, as a result of the steps we’ve taken over the last four years, ADNOC is far stronger and better positioned...
18 March 2020
GCC refiners value digital technology’s ability

GCC refiners value digital technology’s ability

Gulf Cooperation Council (GCC) refiners are turning their attention to the transformative benefits and growing necessity of digital applications to advance in the digital age, according to a survey conducted...
18 March 2020
Zohr’s production to reach 3 BCF/D

Zohr’s production to reach 3 BCF/D

Zohr field has succeeded in bringing four wells on stream so that the total number of wells reached 14 wells, whereas a new one is expected to begin production in March to bring the total production capacity...
18 March 2020
SpaceX to use a new stainless-steel alloy for Starship

SpaceX to use a new stainless-steel alloy for Starship

SpaceX aims to develop a Starship capable of carrying one-hundred passengers plus tons of cargo, during long-duration voyages to the moon and Mars. Earlier this year, the founder and Chief Engineer of...
18 March 2020
Gujarat to set up four new desalination plants

Gujarat to set up four new desalination plants

The Gujarat government signed an agreement with a special purpose vehicle of the joint venture of two companies to set up four desalination plants along the Saurashtra-Kutch coastline. Once operational,...
09 March 2020
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Amul to acquire Heritage Foods' dairy plant in Punjab

Gujarat Cooperative Milk Marketing Federation (GCMMF)'s flagship Amul Dairy is set to acquire Heritage Foods Ltd's dairy plant in Punjab for Rs 21.20 crore. Heritage Foods Ltd's Board of Directors on Friday...
09 March 2020
Former GAIL chairman BC Tripathi joins Essar Group

Former GAIL chairman BC Tripathi joins Essar Group

Essar Capital Ltd has appointed BC Tripathi as the Non-Executive Chairman of Essar Exploration and Production Ltd Mauritius (EEPLM) and Board Member of Essar Oil UK Ltd (EOUKL). EEPLM and EOUKL are key...
09 March 2020
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AM/NS completes acquisition of Bhander power plant

ArcelorMittal Nippon Steel India (AM/NS) has acquired the Bhander Power plant in Hazira, Gujarat from Edelweiss Asset Reconstruction Company. This follows the declaration of ArcelorMittal India as a preferred...
09 March 2020
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Japan to invest in Odisha for the steel sector

Union Steel Minister Dharmendra Pradhan and Odisha Chief Minister Naveen Patnaik discussed prospects of Japanese investment in the steel sector and downstream development in the state with Japanese Ambassador...
09 March 2020