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Oil, gas PSU mergers exempt from CCI approval

Merger and acquisition deals involving public sector oil and gas companies have been exempted from seeking the Competition Commission approval, says a notification. The corporate affairs ministry’s decision to exempt such deals from the ambit of the Competition Commission of India (CCI) comes against the backdrop of the proposed consolidation ...

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Jordan -Zarqa Combined-Cycle Power Project

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The 485MW Zarqa power plant is a combined-cycle gas turbine power project being developed in Zarqa, the Kingdom of Jordan. The natural gas-fired project is expected to generate an average of 3.2Twh of electricity a year, which is the consumption equivalent of approximately 620,000 individual residential customers. Proposed to generate early ...

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Nobelwind Offshore Wind Farm, Belgium

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The Nobelwind offshore wind farm was developed by Nobelwind NV, a joint venture of Parkwind (41.08%), Sumitomo (39.02%) and Meewind (19.9%). Located 46km off the coast of Zeebrugge in the North Sea, Belgium, the project was developed with an estimated investment of €655m ($705.9m). It was officially inaugurated in May ...

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Abadi Gas Field, Indonesia

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The Abadi gas field is situated in the 3,221km² Masela block in the Arafura Sea, Indonesia. The field lies in water depths ranging 984ft-3,281ft. Inpex Masela, a subsidiary of Japan-based oil and gas company Inpex, operates the field. Inpex earlier owned a 90% interest in the field but in July ...

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Al Wasit Gas Program, Saudi Arabia

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The Al Wasit Gas Program includes the development of Arabiyah and Hasbah gas fields located offshore Saudi Arabia in the Arabian Gulf. The project is being developed by Saudi Aramco and is scheduled to be commissioned in 2014. The investment for the entire project is $4.7bn. The project will be ...

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