Saudi Arabia’s Ministry of Energy has announced that the National Gas Co (NATGAS) has been awarded the contract to establish and manage a dry gas network in Dammam Third Industrial City. The city is a prominent industrial hub in the country, housing around 176 existing or upcoming factories, as stated in an Arabic announcement on […]
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Contracting giants line up for ADNOC’s Ruwais LNG megaproject
Contractors have submitted technical bids to ADNOC Gas for its 9.6 mtpa LNG export terminal to be built in Ruwais. The two consortiums are Technip Energies/JGC Corp/National Petroleum Construction Co and McDermott/Saipem/Hyundai Engineering and Construction. The contract, which includes process facilities, flares and utilities, LNG storage tanks, an export jetty with bunkering, and other associated […]
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Aramco awards $7.2 million contract to Arabian Pipes
Dubai-headquartered Arabian Pipes Co was awarded a supply contract worth around $7.2 million by Saudi Aramco, according to a statement to Tadawul. According to the contract, Arabian Pipes will supply steel pipes to Saudi Aramco over a period of seven months. The pipe maker pointed out that the financial impact of the contract will show on Q1 […]
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Shell to keep oil production steady, CEO says
Shell will keep its oil output steady into 2030 ramp up its dividend and share buybacks as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan, Reuters reported. In a new financial framework announced ahead of an investor conference in New York, Shell said it will increase overall shareholder distribution to 30% […]
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Kuwait’s HEISCO wins $133 million contract from Aramco in Ras Tanura
HEISCO will execute main civil and mechanical construction works for Aramco’s project
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Saudi Arabia to award $130 million EPC contract for water network
Saudi Arabia through its National Water Company (NWC) is on course to award a major engineering, procurement and construction (EPC) contract for the Bisha Drinking Water Networks project (Contract 1). The project, valued at $130 million and located in Bisha Governorate, Asir Region, is expected to be awarded in Q4 2023, according to a report […]
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PetroChina top official fired after video scandal goes viral
China’s state-owned supermajor PetroChina is making headlines for the wrong reasons after its senior official was caught in a cheating scandal video that went viral, China Project reported. Hu Jiyong, president of PetroChina’s EPC unit Huanqiu Project Management, was videoed by a street photographer last Wednesday, interlocking fingers with a young woman, taking a romantic […]
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