As support for clean hydrogen as a reliable, sustainable energy source strengthens, the market for green hydrogen is expected to grow to $1.4 trillion per year by 2050 while supporting up to 2 million jobs globally per year between 2030 and 2050, a new report by Deloitte finds. Green hydrogen—produced by splitting hydrogen atoms from […]
Author Archives: Faiza Rizvi
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Kuwait’s Al Zour refinery issues fuel oil sales tenderÂ
Kuwait’s Al Zour refinery has issued a term tender for fuel oil sales for July to December loading, Reuters reported, citing trade sources. The move that comes as the refinery continues to ramp up its third crude distillation unit (CDU). Al Zour’s low-sulphur fuel oil (LSFO) tenders are closely watched by market participants as the […]
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‘Iron Man’ Robert Downey Jr. transforms classic cars into EVs for climate awareness
While Robert Downey Jr. is best known for his award-winning career as an actor who played Iron Man, he also avidly addresses climate change via scalable technologies that help restore the planet. Now, Downey will combine this passion with classic car restorations to create eco-friendly automobiles. In the much-awaited docuseries Downey’s Dream Cars, Downey and […]
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UAE: ADNOC, Kanoo Energy sign strategic manufacturing deals
ADNOC has signed three separate agreements with Kanoo Energy for manufacturing of valves, flanges and establishment of a reverse engineering facility in the UAE, Trade Arabia reported. The products are part of the $19 billion worth of products in ADNOC’s procurement pipeline that the firm identified for domestic manufacturing in July 2022. The agreements were […]
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UAE midday work ban begins today
UAE’s Ministry of Human Resources and Emiratisation (MoHRE) has introduced a work ban during the scorching summer months. Starting today, the ban will be in effect until September 15, Arabian Business reported. Every day, a midday work break will be enforced from 12:30 PM to 3 PM. The Ministry has reaffirmed its commitment to ensuring […]
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Kuwait Oil Company awards $60 million contract to HEISCO
Kuwait Oil Company (KOC) has awarded a $59.8 million contract to Heavy Engineering Industries & Shipbuilding Co. (HEISCO), the latter announced in a statement. The scope of work is related to water facilities upgradation at KOC’s project locations, HEISCO noted. This year, Kuwaiti EPC contractor HEISCO has secured several multi-million contracts in the Middle East […]
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Weatherford awarded drilling contract from Saudi Aramco
Weatherford International has been awarded a three-year contract with Saudi oil giant Aramco to deliver drilling services, the company announced in a press release. Under the contract, Weatherford will deploy its Drilling Services portfolio, which includes a suite of technology that combines real-time information analysis and drilling tools to maximize efficiency. Deploying these service and technology offerings […]
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Saudi Arabia awards construction contract for dry gas network in Dammam
Saudi Arabia’s Ministry of Energy has announced that the National Gas Co (NATGAS) has been awarded the contract to establish and manage a dry gas network in Dammam Third Industrial City. The city is a prominent industrial hub in the country, housing around 176 existing or upcoming factories, as stated in an Arabic announcement on […]
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Contracting giants line up for ADNOC’s Ruwais LNG megaproject
Contractors have submitted technical bids to ADNOC Gas for its 9.6 mtpa LNG export terminal to be built in Ruwais. The two consortiums are Technip Energies/JGC Corp/National Petroleum Construction Co and McDermott/Saipem/Hyundai Engineering and Construction. The contract, which includes process facilities, flares and utilities, LNG storage tanks, an export jetty with bunkering, and other associated […]
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Aramco awards $7.2 million contract to Arabian Pipes
Dubai-headquartered Arabian Pipes Co was awarded a supply contract worth around $7.2 million by Saudi Aramco, according to a statement to Tadawul. According to the contract, Arabian Pipes will supply steel pipes to Saudi Aramco over a period of seven months. The pipe maker pointed out that the financial impact of the contract will show on Q1 […]
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