Aramco and IMI Saudi Industry have signed a two-year agreement for IMI Saudi Industry’s manufacturing facility that opened in Dammam last year. The 5,000m2 site manufactures butterfly valves and ball valves of various sizes and pressure ratings suitable for the oil and gas, petrochemical, power, water, and hydrogen markets. By the end of 2023, the […]
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Sonatrach, Eni sign energy supply, emissions deal
The agreements between both companies are focused on focus on energy transition, energy supply, and decarbonisation.
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Emerson breaks ground on SPARK’s innovation hub
The facility is expected to open by December 2024
Emerson to provide automation technologies for Qatar’s $6 billion project
The project is QatarEnergy’s largest investment ever in the country’s petrochemical sector
Uganda to make final investment decision on $4 billion refinery
Uganda is expected to make a final investment decision for its oil and gas refinery project in June with plans to begin production by 2025, Zawya reported, citing Minister for Energy and Mineral Development Ruth Nankabirwa. Albertine Graben Refinery Consortium, which won the contract for the refinery, is currently performing environmental and social impact assessments. […]
SLB reports nearly $1 billion profit; double digit revenue growth in the Middle East
Oilfield services giant SLB, formerly Schlumberger, has reported strong quarterly profits with increase in revenue across all divisions and geographical areas, especially in the Middle East. The company reported net profits of $1.07 billion in the fourth quarter of 2022, up 77% from a net income of $601 million in the same period a year […]
TotalEnergies begins gas production in Oman’s gas block
Gas production is expected to reach 500 MMcfd by mid-2024