Houston-based firm McDermott is advancing construction of Aramco’s Marjan expansion project aiming to complete it by 2025, data by DMS Projects shows. In July 2019, McDermott announced the award of two engineering, procurement, construction and installation (EPCI) contracts for the Marjan field expansion project. The first EPCI contract, valued at $3 billion, was for the Marjan […]
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L&T awards major contract for futuristic NEOM megaproject
Larsen & Toubro (L&T) has awarded a contract to Grid Solutions, an integral part of the GE Vernova portfolio of energy businesses, to supply gas-insulated substations (GIS) for the world’s largest utility-scale hydrogen plant to be powered entirely by renewable energy. In December 2022, NEOM Green Hydrogen Co (NGHC) named Indian contractor L&T as the sub-EPC contractor for its […]
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GE secures service contract for Abu Dhabi’s Taweelah B complex
GE Gas Power has signed an agreement with the Taweelah Asia Power Co (Tapco) to provide a range of asset and performance services for the gas turbines at the Taweelah B Power and Desalination Complex in Abu Dhabi. Tapco, the owner of the largest independent water and power plant (IWPP) in the UAE, is 60% […]
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Aramco’s Namaat program progresses work on launching $25 billion companies
Aramco’s Industrial Investments Program, Namaat, is progressing work on launching a cloud storage company, an iron sheet manufacturer, and a logistics management center among several other firms. The initiative, launched by the oil giant in 2021, is helping launch 31 local and international companies with an estimated total value of $24.53 billion, Arab News reported. Of […]
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Egypt, Jordan sign major gas infrastructure deal
Egypt has signed a comprehensive deal with Jordan that grants it access to the LNG floating storage regasification unit (FSRU) stationed at Sheikh Sabah port in Aqaba, according to a statement. The primary objective of the agreement is to maximise the resources of both countries with enhanced efficiency and reduced costs, the statement from Egypt’s […]
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Saudi Arabia, China sign $10 billion deals
Saudi Arabia and China have signed 30 investment agreements worth $10 billion across various sectors including technology, renewables, minerals, supply chains, and healthcare on the first day of the 10th Arab-China Business Conference. According to the Investment Ministry, the Saudi government signed deals with several Chinese entities for projects including a joint venture for automotive […]
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Top job openings for energy professionals at ADNOC
Are you ready to embark on a rewarding career in the energy industry? ADNOC presents a multitude of exciting job opportunities for professionals seeking growth, innovation, and sustainability. As a global leader in the oil and gas sector, ADNOC is known for its cutting-edge technologies, extensive operations, and commitment to driving sustainable growth. Whether you […]
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