Saudi Aramco has engaged in discussions with numerous Turkish contractors to explore potential projects worth $50 billion in Saudi Arabia, according to a Bloomberg report last week Representatives from around 80 construction companies met with Aramco executives in Ankara to discuss pre-qualification for upcoming projects scheduled until 2025, Erdal Eren, head of the Turkish Contractors […]
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Eni, Libya sign decarbonisation deal
Italian major Eni has entered into a memorandum of understanding (MOU) with the Libyan government to collaborate on reducing greenhouse gas emissions and promoting sustainable energy initiatives in the country. The MOU aligns with Eni’s strategic objectives and Libya’s vision for accelerating decarbonization and transitioning to cleaner energy sources. Under the terms of the MOU, […]
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EPC contractors submit bids for ADNOC’s $30 billion Upper Zakum megaproject
Contractors have submitted technical bids for the EPC works of surface facilities and subsea pipeline packages on the Upper Zakum expansion project, according to data from DMS Projects. Although the complete list of bidders is yet to be announced, Petrofac has confirmed its technical bid submission. EPC contracts are expected to be awarded in Q4 […]
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ADNOC, Aramco, Kent experts outline how Metaverse is transforming the industry
Mark Zuckerberg’s keynote speech in 2021 might have shot the term Metaverse into the mainstream, but it wasn’t a new idea, nor the first time it was discussed. Science fiction writer Neil Stevenson first coined it in his 1992 novel Snow Crash as a place where the characters could go to escape a dreary totalitarian […]
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ExxonMobil to expand upstream investments in Egypt
Chairman and Managing Director of ExxonMobil Egypt, Amr Abou Eita, said the supermajor plans to expand its upstream exploration in Egypt while growing Mobil service stations network across the country. Eita added: “Additionally, we are interested in evaluating low-carbon solutions opportunities. The recent relocation to a state-of-the-art new head office is a reflection of a […]
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UAE 3-day weekend: Employees to qualify according to new HR law
Some UAE workers will be allowed to take a three-day weekend and complete a four day working week, according to a report by Arabic daily Al Bayan. The move to a “compressed working week” is one of five work models laid out in a new Human Resources law for government employees in the UAE. As defined by Cabinet […]
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Masdar submits lowest bid for Dubai’s mega solar plant
Masdar has submitted the lowest bid of $1.62154 cents per kilowatt hour (kWh) for the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Dubai Electricity and Water Authority (DEWA), the main off-taker, received bids from Saudi Arabia’s ACWA Power and Abu Dhabi’s Masdar. This phase of the solar plant […]
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ADNOC L&S awarded first major EPC contract worth $975 million
ADNOC Logistics and Services announced today that it has been awarded a $975-million engineering, procurement and construction (EPC) contract by ADNOC Offshore for an artificial island at the Lower Zakum offshore field. This marks the first award of the new EPC logistics business unit following ADNOC L&S’ record-breaking listing this month. As part of ADNOC’s […]
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GE Gas Power announces major boost to Iraq’s power generation capacity
GE Gas Power has announced a significant boost to Iraq’s power generation capacity achieved in partnership with the country’s Ministry of Electricity. The company has successfully serviced and upgraded 1400 megawatts (MW) of gas turbine capacity across the country in the first half of this year. The strategic move aims to enhance power generation capabilities […]
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Egypt and Saudi Arabia set to launch $1.8 billion electrical interconnection project
The Egypt–Saudi Arabia electrical interconnection project valued at $1.8 billion is set to undergo testing next month ahead of its trial operation scheduled for next year. The project is the first large-scale high-voltage direct current (HVDC) interconnection in the MENA region, including three substations connected via overhead power transmission lines of 1,350 kilometers (km) in […]