India’s Larsen & Toubro (L&T) has awarded a contract to Spain-headquartered PVH to supply solar trackers for the world’s largest green hydrogen project in NEOM, Saudi Arabia. The plant, owned by NEOM Green Hydrogen Co (NGHC), is located at Oxagon within NEOM. NGHC is an equally owned joint venture between ACWA Power, NEOM, and US-based Air […]
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Oman signs $10 billion deals for green hydrogen projects
Hydrogen Oman (Hydrom), an Energy Development Oman subsidiary, has signed major agreements with international consortium to develop two green hydrogen projects in Al Wusta. The two agreements represent a total investment value of $10 billion, Zawya reported, citing the Oman News Agency. The total estimated production of the two projects will be 250,000 metric tonnes of […]
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Saudi Arabia presents $8 billion plan to host Expo 2030
Saudi Arabia has presented its plan for hosting Expo 2030 to the General Assembly of the Bureau International des Expositions (BIE), which is taking place in the French capital, Paris. With a budget allocation of $7.8 billion and a theme of global togetherness it sets out a wide-ranging plan for the Expo 2030 event. Minister of Foreign Affairs, […]
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Turkey awards $546 million contract for major gas pipeline
Kalyon Insaat has been awarded a $546 million contract to construct a 188.46-mile (303.3 kms) gas pipeline in Romania. The pipeline will transport 15 Bcm of natural gas from terminals in Turkey and Greece to Romania and the Caspian Sea region. Known as the Tuzla-Podisor pipeline, it will connect the Neptune Deep block to the […]
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UAE’s TAQA acquires SWS Holding in $463 million mega transaction
UAE’s utility giant Abu Dhabi National Energy Company (TAQA) has announced the full acquisition of SWS Holding following a deal worth AED 1.7 billion ($463 million), according to a press statement by the company. The acquisition will create a vertically integrated player with strong water treatment capabilities and a commitment to operational efficiency and customer […]
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Kuwait awards multi-million contract for gas plant
Kuwait Oil Tanker Co (KOTC), announced in a statement that it has awarded a solar energy contract for gas factories at Um AlAish and Shuaiba. The project contract has been awarded to Kuwait’s Life Energy Co. and is worth $6.35 million. The scope of work includes design, construction, operation, and maintenance of the electric power […]
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ADNOC makes $11 billion offer to take over German chemicals firm
Abu Dhabi National Oil Co (ADNOC) has approached German plastics and chemicals maker Covestro with an acquisition proposal worth more than $10.9 billion, Reuters reported, citing two people familiar with the matter. The energy giant has made an informal offer to Covestro, a maker of transparent polycarbonate plastics, as well as chemicals for insulation and […]
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Oman’s OQ signs 10-year LNG supply deal with Bangladesh
Oman’s OQ Trading has signed a new long-term LNG deal with Bangladesh state-owned Petrobangla to supply up to 1.5 million tonnes per annum of LNG from 2026. Under the new government-to-government deal, state-owned OQ will supply at least four LNG cargoes to Bangladesh starting in 2026, further increasing supplies to 16 cargoes in both 2027 […]
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QatarEnergy set to sign second LNG megadeal with China
QatarEnergy is set to secure its second large gas supply deal with China in less than a year, Reuters reported, citing sources familiar with the deal. China National Petroleum Corp (CNPC) and QatarEnergy are expected to sign a 27-year agreement later today, under which China will purchase 4 million metric tons of LNG a year […]
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Dubai’s Shiekh Hamdan approves $22 billion massive sewerage system plan
Dubai has given the green light to a monumental $21.8 billion sewerage system plan that will serve the city for the next century and further positioning it as one of the world’s most modern and sustainable cities. The ambitious project, approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and […]