Saudi Aramco’s joint venture Huajin Aramco Petrochemical Co (HAPCO) earlier this week broke ground on a $10 billion integrated refinery and petrochemical complex in Panjin city in China’s Liaoning Province. HAPCO is a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%). Aramco announced earlier that the complex was expected […]
Author Archives: Faiza Rizvi
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Petrofac secures $14 billion ‘landmark’ EPC offshore wind contract
The landmark framework agreement represents the largest in Petrofac’s history.
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ADNOC L&S signs $2.6 billion contract for new logistics platform project
ADNOC Logistics & Services (ADNOC L&S) has signed a $2.6 billion contract with ADNOC Offshore to provide integrated logistics services for its new Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that is expected to coordinate end-to-end management of logistics and maritime operations at its base in […]
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Forum Energy Technologies secures $25 million contract from Saudi Aramco
Houston-based technology provider Forum Energy Technologies (FET) has secured a $25 million contract for providing the design, engineering services and supply of four electrostatic desalter systems for an onshore project at the Safaniyah oil field in Saudi Arabia. FET has a major presence in Saudi Arabia serving the oil, natural gas, industrial and renewable energy […]
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Gulf Marine Services lands two offshore contracts
UAE-based offshore contractor Gulf Marine Services (GMS), a supplier of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, has announced two new contracts for one of its small class vessels in the Gulf region. “The daily rates secured for these contracts reflect strong demand for our vessels,” the company said […]
Posted inExploration & Production
QatarEnergy strikes offshore exploration deal with ExxonMobil
QatarEnergy entered into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada. According to the agreement, QatarEnergy holds a 28% working interest while ExxonMobil Canada (operator) holds 50% while Cenovus Energy holds 22%. QatarEnergy also holds a 40% working interest in license EL 1162, while […]
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Oman offers three oil and gas blocks in latest licensing round
Oman is offering three oil and gas concession areas, Blocks 15, 36 and 54, for investments by local and international local companies, the Ministry of Energy and Minerals said on Sunday. The offering is open between March 26 and June 25, according to the statement published on Twitter. Block 15 is located in the Sultanate […]
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Aramco’s massive production expansion to support China’s energy strategy, CEO Amin Nasser says
Saudi Aramco’s oil production capacity expansion by a million barrels per day to 13 million barrels by 2027 will strengthen China’s long-term energy security, company President and CEO Amin H Nasser told China Development Forum 2023. In addition, the oil major will increase its gas production by more than 50% by 2030, which should release an additional […]
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Aramco announces construction of major refinery and petrochemical complex
Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China, Aramco announced today. Huajin Aramco Petrochemical Co (HAPCO), which is a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%), is developing the complex […]
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Middle East to launch over 600 oil and gas projects until 2027
The Middle East is expected to commence 621 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. New build projects are expected to lead the upcoming project landscape […]
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