Egypt plans to launch two new bids for oil and gas exploration in over 16 regions in the country’s south and the Red Sea by the end of 2023, according to media reports. Egypt extended the closing date for two previous bids to mid-July earlier this year, allowing more time for companies interested in exploring […]
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Schneider Electric opens new manufacturing facility in Riyadh
Schneider Electric has opened a new production line in Riyadh, the capital city of Saudi Arabia. This production line will manufacture hardwares that will enhance the kingdom’s energy efficiency and sustainability efforts. The establishment of this production line aligns with Saudi Arabia’s Vision 2030, which aims to position the country as a prominent global manufacturing […]
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Veolia secures $324 million EPC contract for Abu Dhabi’s Mirfa 2 project
Veolia‘s subsidiary, SIDEM, is leading a consortium that has secured an engineering, procurement and construction (EPC) contract for the Mirfa 2 desalination project in Abu Dhabi. The deal, commissioned by TAQA and ENGIE, is worth nearly $324 million in revenue for Veolia, according to a press statement from the company. The construction of the state-of-the-art […]
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UAE: ADNOC, Kanoo Energy sign strategic manufacturing deals
ADNOC has signed three separate agreements with Kanoo Energy for manufacturing of valves, flanges and establishment of a reverse engineering facility in the UAE, Trade Arabia reported. The products are part of the $19 billion worth of products in ADNOC’s procurement pipeline that the firm identified for domestic manufacturing in July 2022. The agreements were […]
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UAE midday work ban begins today
UAE’s Ministry of Human Resources and Emiratisation (MoHRE) has introduced a work ban during the scorching summer months. Starting today, the ban will be in effect until September 15, Arabian Business reported. Every day, a midday work break will be enforced from 12:30 PM to 3 PM. The Ministry has reaffirmed its commitment to ensuring […]
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Kuwait Oil Company awards $60 million contract to HEISCO
Kuwait Oil Company (KOC) has awarded a $59.8 million contract to Heavy Engineering Industries & Shipbuilding Co. (HEISCO), the latter announced in a statement. The scope of work is related to water facilities upgradation at KOC’s project locations, HEISCO noted. This year, Kuwaiti EPC contractor HEISCO has secured several multi-million contracts in the Middle East […]
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Weatherford awarded drilling contract from Saudi Aramco
Weatherford International has been awarded a three-year contract with Saudi oil giant Aramco to deliver drilling services, the company announced in a press release. Under the contract, Weatherford will deploy its Drilling Services portfolio, which includes a suite of technology that combines real-time information analysis and drilling tools to maximize efficiency. Deploying these service and technology offerings […]
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