Egypt plans to launch two new bids for oil and gas exploration in over 16 regions in the country’s south and the Red Sea by the end of 2023, according to media reports. Egypt extended the closing date for two previous bids to mid-July earlier this year, allowing more time for companies interested in exploring […]
Author Archives: Baset Asaba
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Veolia secures $324 million EPC contract for Abu Dhabi’s Mirfa 2 project
Veolia‘s subsidiary, SIDEM, is leading a consortium that has secured an engineering, procurement and construction (EPC) contract for the Mirfa 2 desalination project in Abu Dhabi. The deal, commissioned by TAQA and ENGIE, is worth nearly $324 million in revenue for Veolia, according to a press statement from the company. The construction of the state-of-the-art […]
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Saudi Arabia to award $130 million EPC contract for water network
Saudi Arabia through its National Water Company (NWC) is on course to award a major engineering, procurement and construction (EPC) contract for the Bisha Drinking Water Networks project (Contract 1). The project, valued at $130 million and located in Bisha Governorate, Asir Region, is expected to be awarded in Q4 2023, according to a report […]
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Saudi: ACWA Power signs $1.5 billion project deal in Kazakhstan
Saudi Arabia’s ACWA Power has signed a roadmap agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna, the country’s Investment Development Fund, for a major wind energy and battery storage project, according to a press statement from the company. The agreement paves the way for the construction of a 1GW project in Kazakhstan, marking […]
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Egypt, Jordan sign major gas infrastructure deal
Egypt has signed a comprehensive deal with Jordan that grants it access to the LNG floating storage regasification unit (FSRU) stationed at Sheikh Sabah port in Aqaba, according to a statement. The primary objective of the agreement is to maximise the resources of both countries with enhanced efficiency and reduced costs, the statement from Egypt’s […]
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Top job openings for energy professionals at ADNOC
Are you ready to embark on a rewarding career in the energy industry? ADNOC presents a multitude of exciting job opportunities for professionals seeking growth, innovation, and sustainability. As a global leader in the oil and gas sector, ADNOC is known for its cutting-edge technologies, extensive operations, and commitment to driving sustainable growth. Whether you […]
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Masdar to develop massive wind power plant in Kazakhstan
Masdar has signed a roadmap to develop a massive 1 gigawatt (GW) wind power plant in Kazakhstan. The strategic move aims to support Kazakhstan’s ambitious goal of achieving 50% renewable energy in its energy mix by 2050. This venture marks Masdar’s first project in Kazakhstan and is a significant step toward achieving the country’s aim […]
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Iraq, GCCIA inaugurate landmark grid interconnection project
The Gulf Cooperation Council Interconnection Authority (GCCIA) has embarked on the implementation of a new super grid project, connecting the GCC with the southern region of Iraq, according to a press statement. The interconnection project, slated for completion by late 2024, marks the first-ever expansion beyond the electrical grid system of the GCC countries. The […]
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Saudi Aramco and Eni invest $22.7 million in UK’s clean energy start-up
Oil giants Saudi Aramco and ENI, together with United Airlines are investing a staggering $22.7 million in British startup OXCCU through their venture units to tackle the astronomical costs of eco-friendly aviation fuel. This bold venture aims to transform the aviation industry’s carbon emissions, which currently contribute 2% to the world’s alarming climate crisis. Led […]
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Masdar submits lowest bid for Dubai’s mega solar plant
Masdar has submitted the lowest bid of $1.62154 cents per kilowatt hour (kWh) for the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Dubai Electricity and Water Authority (DEWA), the main off-taker, received bids from Saudi Arabia’s ACWA Power and Abu Dhabi’s Masdar. This phase of the solar plant […]
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