Wartsila , a leading global supplier of power plant and ship power solutions and services, has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland. The contract, valued at approximately EUR 100 million, has been made with Manga LNG Oy, a joint venture between the Finnish companies Outokumpu Group, Ruukki Metals Oy, Gasum Oy and EPV Energy.
Category: Oil & Gas
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New DGH
BN Talukdar, Director for Exploration in Oil India (OIL), has been appointed the new Director General of Hydrocarbons (DGH). A petroleum engineering graduate from the prestigious Indian School of Mines, Dhanbad, Talukdar has been head of OILĆĀ“s exploration, development, reservoir management and drilling activities since December 2007. Prior to joining the Board, Talukdar held the post of Group General Manager (Geosciences) in the fields in the North-East India.?
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Towards a safer offshore O&G Industry
New regulations, such as the recently issued EU Offshore Safety directive, mirror a zero tolerance for offshore accidents. Yet, major accidents still occur.
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Heinzmann to retrofit IR’s diesel locomotives
Heinzmann GmbH & Co has received a major order from Indian Rialways (IR) to retrofit an initial 40 diesel locomotives to run on natural gas. This minimises the diesel injection, which is only needed to ignite the gas-air mixture.
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Berth No. 18 under construction at New Mangalore Port
Petroleum Oil and Lubricant (POL) berth no. 13 was recently commissioned at New Mangalore Port to cater to the additional demand of the potential users. This berth has the cargo handling capacity to the tune of 7.8 MTPA. The construction of this berth had cost Rs 79.17 crore.
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Oil and gas: Heading for a plateau
Hindsight: Closing the year 2013-14 we expect a good growth in revenue compared to past years, since output has perhaps peaked in this year, because of executing many domestic and international projects.
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Oil and gas: Heading for a plateau
Hindsight: Closing the year 2013-14 we expect a good growth in revenue compared to past years, since output has perhaps peaked in this year, because of executing many domestic and international projects.
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Oil and gas: Good policy foundation
Hindsight: This was a reasonably good year for O&G in general, in particular for India. The government has performed very well. For the first time, it took some concrete and bold steps, and ensured deregulation of transportation and petrol, distinguished bulk from retail transport. There is some disparity there, needing some practical solutions.
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Increased prices have enthused us to explore more gas fields
ItĆĀ“s been a good year for O and G, setting the right agenda for reforms and increased private participation in exploration, says LK Gupta, MD and CEO, Essar Oil, in a conversation with Shashidhar Nanjundaiah.
Will you participate in the upcoming 10th round of NELP?
We have not yet taken a call. If we find value, we will consider it. We are currently more focused on completing our Ranigunj CBM fields and running our Vadinar refining plant optimally. This is a period where we are preparing for f
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Re-igniting the spark
With government taking initiative to de-bottleneck the energy sector growth and boost countryĆĀ“s economy, oil and gas majors are busy addressing risk factors and multitasking to integrate their business model in order to ensure future growth, says Pradeep Pandey.