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Aramco signs pact with Renault, Geely for engine venture

Aramco has signed a letter of intent with Renault and Geely to become a potential minority stakeholder in a new powertrain technology company, Aramco announced today. The new company will be dedicated to internal combustion and hybrid powertrain technologies. Aramco’s investment would support the growth of the company, and contribute to key research and development […]

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NPCC joins Oil & Gas Middle East Awards as gold sponsor

National Petroleum Construction Co (NPCC) has partnered with Oil & Gas Middle East as the gold sponsor for the Oil & Gas Middle East Awards 2023, which are set to take place on March 2 at Grosvenor House, Dubai. The 13th installment of the event will gather executives from the upstream and downstream sectors in the Middle […]

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Subsea7 wins ‘large’ contract for offshore Angola project

London-headquartered Subsea 7, a subsea engineering, construction and services company, announced on Monday that it secured a large contract from an independent oil and gas producer Azule Energy for the Agogo Integrated West Hub Development Project, offshore Angola.   Subsea7 defines a large contract as being between $300 million and $500 million, the company said. […]

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Aramco’s refining unit awards $148 million EPC contract for Yanbu Growth II Expansion project

Saudi Aramco Base Oil Co (Luberef) has awarded a $148.55 million engineering, procurement and construction (EPC) contract to Egypt’s Petrojet for Yanbu growth II expansion project. The project will expand the Yanbu facility’s base oils (Group II and Group III) production capacity to 1.3 million Metric Tonnes (MT) per annum by 2025, the company said […]

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