The Power Transmission & Distribution Business of L&T Construction has secured multiple EPC orders in India and overseas, the company announced today. The Renewables arm of the business has received an EPC contract for what is being said is one of the largest floating solar parks in the world. The company will establish a 90MW Floating […]
Author Archives: Faiza Rizvi
Posted inNews
Oman signs long-term LNG supply agreements with Japan
The contracts will run over five and 10 years, beginning in 2025
Posted inNews
Saudi Arabia eyes $3.3 trillion deals with Japan by 2030
Saudi Minister of Investment Khalid Al-Falih said in a recent statement that Saudi Arabia is targeting $3.3 trillion worth of investments with Japan by 2030, and wants to build more than 500,000 electric cars annually by the end of the decade On the sidelines of the Saudi Japan Investment Forum held in Riyadh, Al-Falih added that the […]
Posted inPeople
‘Strong pipeline of projects’: Halliburton’s MENA head discusses continued growth in the Middle East
Lance Loeffler, SVP of Halliburton’s MENA region, says the company has “a direct line of sight to substantial activity growth and a strong pipeline of projects” in the Middle East
Posted inNews
Oman awards $500 million LNG contract
Asyad Shipping, part of Oman’s state-owned Asyad Group, has signed an agreement with South Korean shipyard Hyundai Samho Heavy Industries for the construction of a pair of state-of-the-art LNG carriers. State-owned Asyad Group noted in a post that the agreement signing, covering the supply of two new fifth generation LNG carriers, represents “another landmark in […]
Posted inExploration & Production
Egypt announces $2.1 billion investment in oil and gas exploration
Egypt has announced a total investment of $2.1 billion in oil and natural gas exploration plans until 2025, Minister of Petroleum and Mineral Resources Tarek El-Molla said in a meeting recently. The investments were announced for the Mediterranean Sea in partnership with major international companies, El-Molla noted. Based on the preliminary findings, the new explorations […]
Posted inNews
Saudi Arabia to build $27 million logistics park in Dammam
The move comes as the world’s largest exporter of crude oil focuses on economic diversification
Posted inNews
From World Cup’s real winner to Petrofac’s contracts outlook, here are the top stories of the week
Most of us are already in the year-end holiday mood, ready to unwind after a busy year. For the oil and gas sector, 2022 has been an eventful and challenging year, but things don’t seem to be slowing down. In case you missed the action, here are the top five stories of the week: 1. Petrofac […]
Posted inNews, Upstream
Petronas awards EPCC contracts to JGC and Samsung Heavy Industries
Japan’s JGC and South Korea’s Samsung Heavy Industries will build Petronas’ third floating liquefied natural gas (FLNG) project after winning the engineering, procurement, construction and commissioning (EPCC) contract. Industry shipping publication TradeWinds reported the pair beat a rival consortium of Saipem and Wilson Offshore & Marine after a decision was made this week. There has […]
Posted inNews, Upstream
QatarEnergy renews development contract for Al-Karkara offshore fieldÂ
Under the new agreement, Japan’s Qatar Petroleum Development Co will continue to act as the operator of the oil fields
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