GE Gas Power has signed an agreement with the Taweelah Asia Power Co (Tapco) to provide a range of asset and performance services for the gas turbines at the Taweelah B Power and Desalination Complex in Abu Dhabi. Tapco, the owner of the largest independent water and power plant (IWPP) in the UAE, is 60% […]
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Aramco’s Namaat program progresses work on launching $25 billion companies
Aramco’s Industrial Investments Program, Namaat, is progressing work on launching a cloud storage company, an iron sheet manufacturer, and a logistics management center among several other firms. The initiative, launched by the oil giant in 2021, is helping launch 31 local and international companies with an estimated total value of $24.53 billion, Arab News reported. Of […]
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Egypt, Jordan sign major gas infrastructure deal
Egypt has signed a comprehensive deal with Jordan that grants it access to the LNG floating storage regasification unit (FSRU) stationed at Sheikh Sabah port in Aqaba, according to a statement. The primary objective of the agreement is to maximise the resources of both countries with enhanced efficiency and reduced costs, the statement from Egypt’s […]
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Saudi Arabia, China sign $10 billion deals
Saudi Arabia and China have signed 30 investment agreements worth $10 billion across various sectors including technology, renewables, minerals, supply chains, and healthcare on the first day of the 10th Arab-China Business Conference. According to the Investment Ministry, the Saudi government signed deals with several Chinese entities for projects including a joint venture for automotive […]
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Top job openings for energy professionals at ADNOC
Are you ready to embark on a rewarding career in the energy industry? ADNOC presents a multitude of exciting job opportunities for professionals seeking growth, innovation, and sustainability. As a global leader in the oil and gas sector, ADNOC is known for its cutting-edge technologies, extensive operations, and commitment to driving sustainable growth. Whether you […]
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Masdar to develop massive wind power plant in Kazakhstan
Masdar has signed a roadmap to develop a massive 1 gigawatt (GW) wind power plant in Kazakhstan. The strategic move aims to support Kazakhstan’s ambitious goal of achieving 50% renewable energy in its energy mix by 2050. This venture marks Masdar’s first project in Kazakhstan and is a significant step toward achieving the country’s aim […]
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Petrofac signs $1.5 billion EPC contract in Algeria
Petrofac today confirmed it has entered into a definitive agreement with STEP Polymers SPA, a Sonatrach subsidiary, for the design and build of its petrochemical complex in the Arzew Industrial Zone in Algeria. The contract award was originally announced in May 2023. Petrofac will deliver the $1.5 billion project with its joint venture partner China […]
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UAE contractor Gulf Marine secures two offshore contract extensions
Gulf Marine Services (GMS), a UAE-based provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, has announced the award of two contract extensions in the GCC region.  The award of these contract extensions reflects continued highly favourable market conditions and the quality of the company’s fleet, reaffirming GMS’s leading […]
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Iraq approves record $153 billion budget for projects and hiring
Iraqi government on Monday approved a 2023 budget of a whopping $153 billion that sets out record spending on a growing public wage bill and development projects to improve services and rebuild infrastructure ruined by neglect and war. The budget is based on an oil price of $70 per barrel and projects oil exports at […]
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Saudi Arabia, UAE, Qatar and Oman to hire over 1 million Filipinos for new jobs
According to the Philippines Government, there are plans for extensive recruitment of Filipino workers in Saudi Arabia, UAE, Qatar, and Oman.The sectors expected to see significant recruitment include tourism, hospitality, and construction, Arabian Business reported. The Department of Migrant Workers (DMW) of the Philippines is currently working on signing a memorandum of cooperation with these […]