Indian EPC giant L&T will bid for hydrocarbon orders worth $20 billion in the current fiscal year and hopes to convert 15% to 20% of bids into executable orders, Subramanian Sarma, whole-time director and senior executive vice president of Energy, told Moneycontrol. Sarma said L&T has a “strong order pipeline,” which gives the company a […]
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Qatar eyes $5 billion investment in Iraqi projects
Qatar plans to invest $5 billion in a number of sectors in Iraq over the coming years, Reuters reported, citing Qatari state news agency that cited quotes from Qatar’s Emir Sheikh Tamim bin Hamad al-Thani. The emir arrived in Iraq on an official visit where he signed memorandums of understanding (MOUs) to expand cooperation on […]
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Ambani’s Reliance to raise up to $2 billion for expansion: Report
Reliance plans to utilize India’s dedicated external commercial borrowing route to secure the loan
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Green hydrogen could create up to 2 million jobs globally per year: Deloitte
As support for clean hydrogen as a reliable, sustainable energy source strengthens, the market for green hydrogen is expected to grow to $1.4 trillion per year by 2050 while supporting up to 2 million jobs globally per year between 2030 and 2050, a new report by Deloitte finds. Green hydrogen—produced by splitting hydrogen atoms from […]
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Kuwait’s Al Zour refinery issues fuel oil sales tenderÂ
Kuwait’s Al Zour refinery has issued a term tender for fuel oil sales for July to December loading, Reuters reported, citing trade sources. The move that comes as the refinery continues to ramp up its third crude distillation unit (CDU). Al Zour’s low-sulphur fuel oil (LSFO) tenders are closely watched by market participants as the […]
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‘Iron Man’ Robert Downey Jr. transforms classic cars into EVs for climate awareness
While Robert Downey Jr. is best known for his award-winning career as an actor who played Iron Man, he also avidly addresses climate change via scalable technologies that help restore the planet. Now, Downey will combine this passion with classic car restorations to create eco-friendly automobiles. In the much-awaited docuseries Downey’s Dream Cars, Downey and […]
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Saudi Ports Authority to build a $500 million center for fueling ships in Yanbu
The Saudi Ports Authority (MAWANI) has announced plans to construct a fuel supply center for ships, with an estimated cost of 2 billion riyals ($533 million), according to a media report. MAWANI has signed an agreement with the Ministry of Energy to establish a comprehensive bunkering center at King Fahd Industrial Port in Yanbu, situated […]
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