Shell will keep its oil output steady into 2030 ramp up its dividend and share buybacks as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan, Reuters reported. In a new financial framework announced ahead of an investor conference in New York, Shell said it will increase overall shareholder distribution to 30% […]
Author Archives: Faiza Rizvi
Posted inNews
Kuwait’s HEISCO wins $133 million contract from Aramco in Ras Tanura
HEISCO will execute main civil and mechanical construction works for Aramco’s project
Posted inEnergy Transition
SNC-Lavalin secures EPC contract for Saudi’s King Salman Park
SNC-Lavalin announced in a statement that it has been awarded a district cooling services contract by Green Park Cooling Co, a subsidiary of Saudi Tabreed, for King Salman Park. A green destination at the heart of Riyadh, the project is set to foster the Kingdom’s productivity, creativity, and innovation for future generations. King Salman Park […]
Posted inNews
PetroChina top official fired after video scandal goes viral
China’s state-owned supermajor PetroChina is making headlines for the wrong reasons after its senior official was caught in a cheating scandal video that went viral, China Project reported. Hu Jiyong, president of PetroChina’s EPC unit Huanqiu Project Management, was videoed by a street photographer last Wednesday, interlocking fingers with a young woman, taking a romantic […]
Posted inNews
TotalEnergies announces oil and gas discovery offshore Nigeria
TotalEnergies has discovered oil and gas at the OML 102 offshore oilfield in Nigeria, the French company has announced. The well is located in shallow waters, 60km off the south-east coast of Nigeria. Ntokon oil and gas discovery, which is located 20km from the Ofon field facilities, is due to be built using a tie-back […]
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ADNOC announces milestone for landmark Fujairah project
ADNOC has announced a milestone for its unique CO2 to rock project, which will utilise a pilot technology that permanently mineralises CO2 within rock formations found in the Emirate of Fujairah. Solar panels for the project have been installed by Masdar at the site, which will provide the energy required to capture carbon dioxide from […]
Posted inNews
L&T’s oil and gas unit secures about $300 million EPC offshore contract
Indian EPC giant Larsen & Toubro‘s (L&T) hydrocarbon unit announced today that it has secured an offshore contract worth $122 to $304 million approximately from a “prestigious overseas client.” The scope of work comprises engineering, procurement, construction, and installation for new offshore structures. L&T is executing several domestic and international offshore projects and is committed […]
Posted inNews
Saudi Aramco to supply full oil volumes to Asian refiners
Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, Reuters reported, citing several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce its production […]
Posted inNews
Saudi Arabia announces instant visa for UK, US, and Schengen visa holders
Saudi Arabia has announced new instant e-visa options as it looks to attract tourists and visitors to the country, Arabian Business reported. The new e-visa will facilitate UK, US, and Schengen visas holders, as well as permanent residents of UK, US, and any EU country to obtain tourist e-visas to the Kingdom of Saudi Arabia through www.mofa.gov.sa. […]
Posted inNews
Qatar selects Air Products for multi-billion North Field South project
Air Products, a provider of LNG technology and equipment, announced in a statement that it has been selected to provide its proprietary LNG Process technology and equipment to Qatargas for the North Field South (NFS) Project in Ras Laffan, Qatar. Air Products will supply Qatargas with its proprietary AP-X natural gas liquefaction process technology and […]
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