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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UAE Ministry sets 7 conditions for hiring expat workers
The UAE Ministry of Human Resources and Emiratisation (MoHRE) has set seven conditions for private sector establishments and employers to recruit and employ workers from outside the country. In an instructional video posted on MoHRE’s official Instagram account, the conditions are as follows: The ministry provides 12 different types of work permits for registered establishments, which are based on […]
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ADNOC Drilling strikes massive $220 million deal for offshore jack-up rigs
ADNOC Drilling Company has sealed a lucrative deal worth a staggering $220 million to acquire two top-tier offshore jack-up rigs. According to a press statement, the rigs are expected to be delivered to Abu Dhabi waters and commence operations in the fourth quarter (Q4) of 2023. The revenue generated from the new rigs will be […]
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Saudi Arabia’s NWC to award $100 million contract for Riyadh Water Strategic Plan Phase
Saudi Arabia’s National Water Company is on track to award a mammoth engineering, procurement, and construction (EPC) contract worth a staggering $100 million. Industry insiders have revealed that this massive undertaking marks the second phase of the highly anticipated Riyadh Water Strategic Plan, codenamed Contract No. 5 – Phase 1. With the stakes at an […]
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Oman supports OPEC+ decision by extending production cuts until 2024
Oman’s Ministry of Energy and Minerals has announced its intention to extend its voluntary reduction of 40,000 barrels of oil per day until December 2024, according to media reports. This extension is being implemented as a precautionary measure, the state-owned Oman Observer said in a report. Oman, although not a member of OPEC, is one […]
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ADNOC Onshore awards major EPC contract to Chinese contractor
Chinese contractor China Petroleum Engineering and Construction (CPECC) has won a major contract from ADNOC Onshore, the onshore unit of ADNOC, to upscale production of its mature fields. CPECC said the award covers engineering, procurement, construction and management of what is called Project Swing, involving retooling the existing facilities at the giant Bab field, Northeast […]
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