Negotiations with investors for Tanzania’s $42 billion liquefied natural gas (LNG) project have been successfully concluded, a senior government minister has revealed. The agreements, aimed at tapping into the country’s vast offshore gas resources, are now awaiting review and approval next month, according to media reports. Energy Minister January Makamba said that the finalised agreements […]
News
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Kuwait to award 22 oil and gas projects this year
State-owned Kuwait Oil Co (KOC) has announced plans to award 22 projects to local and foreign firms in the next few months, Zawya Projects reported, citing the Arabic language daily Alanba. KOC, which manages the OPEC member’s upstream oil industry, will gradually award those contracts after they are approved by the Central Agency for Public […]
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L&T announces major milestones for NEOM green hydrogen plant
The power transmission & distribution arm of Indian engineering major L&T has achieved important milestones for the power elements and grid packages of the world’s largest green hydrogen plant being built by NEOM Green Hydrogen Company. Supported by 23 local, regional, and international banking and financial institutions, the project has now achieved full financial close, […]
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UAE’s untapped opportunity of hub and cluster CCS facilities
Countries driven by high emissions exports are being hit by international regulations on emissions such as the Carbon Border Adjustment Mechanism (CBAM) in the EU, development of the carbon price, and market competitiveness. Abruptly shutting down national industries to lower emissions would lead to the breakdown of the economy and a colossal loss of jobs. […]
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Top contractors fight for ADNOC’s multimillion Habshan gas contract
EPC giants including NPCC, Petrofac and L&T are in the race for a significant contract for ADNOC’s Habshan 5 new compression facility, according to data from DMS Projects. ADNOC Gas Processing is currently evaluating technical and commercial bids for the main tender of the project, with a decision expected within weeks. The EPC contract is […]
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UAE: Fujairah’s energy giant to enter EPC business; eyes $100 billion projects
Fujairah National Energy Co (FUJNEC) will soon begin selecting EPC partners as the company plans to venture into engineering, procurement and construction business in the downstream oil and gas sector. The emirate of Fujairah anticipates significant opportunities in the EPC sector, with an estimated value of approximately $100 billion over the next decade. FUJNEC, being […]
Posted inNews, Upstream
UAE’s Dana Gas eyes $100 million investment to drill new wells in Egypt
Dana Gas, a prominent UAE-based company, is set to commence drilling operations on 11 new wells in Egypt this year with an investment of around $100 million, a senior company official has revealed. The investment is expected to contribute approximately 80 billion cubic feet of reserves and production, said Mohammed Mubaideen, the company’s head of […]
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