Contractors have submitted technical bids for the EPC works of surface facilities and subsea pipeline packages on the Upper Zakum expansion project, according to data from DMS Projects. Although the complete list of bidders is yet to be announced, Petrofac has confirmed its technical bid submission. EPC contracts are expected to be awarded in Q4 […]
Author Archives: Faiza Rizvi
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ADNOC, Aramco, Kent experts outline how Metaverse is transforming the industry
Mark Zuckerberg’s keynote speech in 2021 might have shot the term Metaverse into the mainstream, but it wasn’t a new idea, nor the first time it was discussed. Science fiction writer Neil Stevenson first coined it in his 1992 novel Snow Crash as a place where the characters could go to escape a dreary totalitarian […]
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ExxonMobil to expand upstream investments in Egypt
Chairman and Managing Director of ExxonMobil Egypt, Amr Abou Eita, said the supermajor plans to expand its upstream exploration in Egypt while growing Mobil service stations network across the country. Eita added: “Additionally, we are interested in evaluating low-carbon solutions opportunities. The recent relocation to a state-of-the-art new head office is a reflection of a […]
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UAE 3-day weekend: Employees to qualify according to new HR law
Some UAE workers will be allowed to take a three-day weekend and complete a four day working week, according to a report by Arabic daily Al Bayan. The move to a “compressed working week” is one of five work models laid out in a new Human Resources law for government employees in the UAE. As defined by Cabinet […]
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ADNOC L&S awarded first major EPC contract worth $975 million
ADNOC Logistics and Services announced today that it has been awarded a $975-million engineering, procurement and construction (EPC) contract by ADNOC Offshore for an artificial island at the Lower Zakum offshore field. This marks the first award of the new EPC logistics business unit following ADNOC L&S’ record-breaking listing this month. As part of ADNOC’s […]
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TotalEnergies set to launch major project in Iraq as part of $27 billion framework
France’s TotalEnergies is pushing ahead with plans to build a 1,000 megawatt solar power project in Iraq after the project was endorsed by Baghdad last week, Zawya Projects reported, citing a statement by the Iraqi Electricity Ministry. The solar park project is part of a $27 billion framework agreement signed by Iraq and France in […]
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Eid Al Adha 2023: 6-day weekend dates revealed
As Eid Al Adha approaches, UAE residents are gearing up for a well-deserved break. With schools closing for a two-month summer vacation, a five- or six-day weekend awaits, subject to the sighting of the Moon. According to the Islamic Hijri calendar, the designated holiday period spans from the 9th to the 12th of Dhul Hijjah. […]
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Mending ties? Blinken visits Saudi Crown Prince to discuss economic cooperation
US Secretary of State Antony Blinken arrived in Saudi Arabia on Tuesday on a mission to mend Washington’s relations with Riyadh after years of deepening disagreements on issues ranging from Iran and regional security to oil prices, Reuters reported. Blinken met with Saudi Arabia’s Crown Prince Mohammed bin Salman and they “discussed deepening economic cooperation, […]
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UAE’s Masdar to build the world’s largest $10 billion wind farm in Egypt
Abu Dhabi Future Energy Co, also known as Masdar, along with Infinity Power, Africa’s largest renewable energy developer, and Hassan Allam Utilities, a sustainable infrastructure focused investment platform, signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10-gigawatt (GW) capacity onshore wind farm in Egypt, set to be […]
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NEOM awards contract for world’s largest hydrogen plant
Envision Energy announced that it has signed a contract to supply 1.67 GW wind turbines from NEOM Green Hydrogen Co for the world’s largest utility-scale hydrogen plant powered entirely by renewable energy. The mega plant is located at Oxagon, Saudi Arabia’s region of NEOM. Under the contract, Envision’s wind turbines will be installed and are expected to […]
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