The Sultanate of Oman, the largest energy exporter outside OPEC, has become one of the leading global exporters of liquefied natural gas (LNG) due to a rising demand for clean energy sources, according to a report by Oman Observers, a local daily. In April 2023, Oman’s LNG exports reached a record high of 1.16 million […]
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ADNOC, ENOC in bidding race for Egypt’s Wataniya
UAE and Saudi based companies have reportedly expressed interest in acquiring substantial stakes, ranging from 20% to 25%, in two Egyptian state-owned enterprises. The Egyptian companies on offer are the National Company for the Sale and Distribution of Petroleum Products, known as “Wataniya,” and the National Company for Natural Water Bottling, known as “Safi.” Among […]
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ACWA Power secures $3.25 billion deals for massive Saudi solar projects
ACWA Power has secured three power purchase agreements (PPAs) valued at $3.25 billion for three large-scale photovoltaic (PV) solar plants. The combined capacity of the three projects will be 4.55 GW, providing renewable energy to around 750,000 households. The projects, named Ar Rass 2, Saad 2, and Alkahfah, are located in the central and northern […]
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UAE’s Masdar to develop massive clean energy projects in Uzbekistan
Masdar has secured a deal to develop over 2 gigawatts (GW) of solar and wind projects and 500 megawatt-hours (MWh) of battery energy storage at multiple sites across Uzbekistan. This follows a joint development agreement (JDA) signed with Uzbekistan’s Ministry of Energy (MoE) and the Ministry of Investments, Industry and Trade (MIIT). The new deal […]
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Shell, Equinor to begin engineering work on Tanzania’s $42 billion LNG project
Shell and Equinor will begin engineering work on their $42 billion Tanzania LNG project after signing key agreements. Following the deals, the two European manors will kick off engineering work on a project that will produce about 10 million-15 million tonne per annum LNG plant on the coast at Lindi. “Equinor, Shell, their partners, together […]
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Masdar, Fertiglobe eye major green hydrogen plant in Abu Dhabi
The proposed plant would have a production capacity of 100 to 200 megawatts
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NEOM awards $3 billion contract for Oxagon’s net-zero port
NEOM has awarded a $3 billion contract for the first phase of the improvement and expansion plans for the Port of NEOM, previously Duba port, located on Saudi Arabia’s Red Sea coast. BESIX, through its local subsidiary Six Construct, in partnership with Modern Building Leaders (MBL) and Boskalis have secured the contract. “The Port of […]
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Creating renewable water with infrastructure-free Hydropanels
Innovation is essential for growth, and companies constantly search for ways to address inherent business challenges. The oil and gas industry is increasingly recognising the need to integrate sustainability into its operations, which includes managing its environmental footprint, promoting resource efficiency, and driving cost savings. The industry is leveraging innovative approaches to enhance operations, reduce […]
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Northern Offshore wins drilling extension from Qatargas
Northern Offshore, a drilling contractor based in Houston, has secured extensions for three of its high-spec jack-up rigs, allowing them to continue operating for Qatargas for an additional period of up to three years, according to a media report. The rigs, namely Energy Enticer, Energy Edge, and Energy Embracer, will continue their work at Qatargas’ […]
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Aramco awards major EPC contract for offshore Marjan field
Italian contracting giant Saipem has secured a significant EPCI contract from Aramco for phase 3 expansion of the Marjan gas field, according to a report by DMS projects. The project scope involves EPCI of five gas lift platforms, demolition of existing structures as well as gas oil separation plant upgrades. Top contractors including McDermott and […]