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Saudi: ACWA Power signs $1.5 billion project deal in Kazakhstan

Saudi Arabia’s ACWA Power has signed a roadmap agreement with the Ministry of Energy of Kazakhstan and Samruk-Kazyna, the country’s Investment Development Fund, for a major wind energy and battery storage project, according to a press statement from the company. The agreement paves the way for the construction of a 1GW project in Kazakhstan, marking […]

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ADNOC announces milestone for landmark Fujairah project

ADNOC has announced a milestone for its unique CO2 to rock project, which will utilise a pilot technology that permanently mineralises CO2 within rock formations found in the Emirate of Fujairah. Solar panels for the project have been installed by Masdar at the site, which will provide the energy required to capture carbon dioxide from […]

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L&T’s oil and gas unit secures about $300 million EPC offshore contract

Indian EPC giant Larsen & Toubro‘s (L&T) hydrocarbon unit announced today that it has secured an offshore contract worth $122 to $304 million approximately from a “prestigious overseas client.” The scope of work comprises engineering, procurement, construction, and installation for new offshore structures. L&T is executing several domestic and international offshore projects and is committed […]

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Saudi Aramco to supply full oil volumes to Asian refiners

Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July, Reuters reported, citing several sources with knowledge of the matter said on Monday, after it pledged to cut production next month. Saudi Arabia, the world’s top oil exporter, vowed to reduce its production […]

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