Iraq is set to launch the Nibras project in the coming days, according to the project’s manager, Hussein Ali. The project, a joint venture with Royal Dutch Shell, involves the construction of the largest petrochemical plant in the region at a cost of almost $8.5 billion, Zawya Projects reported. The petrochemical plant, based in Basra, […]
Search results
Posted inNews
Samsung Engineering signs deal for modular projects
Korean engineering major Samsung Engineering, and integrated energy firm OMV, have announced the signing of an MoU to jointly develop sustainable projects based on modularization. The MoU was signed at the OMV headquarters in Vienna, Austria, by Martijn van Koten, an executive board member of OMV and EVP Fuels & Feedstock, and Hong Namkoong, president and […]
Posted inNews
Tanzania says LNG megaproject to cost $42 billion
Tanzania says the cost of developing its liquefied natural gas (LNG) project is $42 billion after the recent technical analysis, the East African reported. The country isn planning to sign the host government agreement next month and embark on the front-end engineering design of what will become the largest energy project in eastern and southern […]
Posted inNews, Energy Transition
Green hydrogen: The future is here
While the horrific COVID-19 catastrophe may be what many remember about 2020, it was also a historic year for global energy transition and the advancement of hydrogen technology. In connecting their pandemic response with longer-term aims, many governments announced efforts to utilize hydrogen as a vital energy source. Parallel to this, many nations, cities, and […]
Posted inNews
Every public holiday in GCC countries 2023
Public holidays in the UAE, Saudi Arabia and across the GCC are a mixture of religious observances and days of national celebration and recognition. The guide below shows the public holidays expected in the rest of 2023. It is intended as a guide only, exact dates and observances are subject to change depending on moon-sighting committees […]
Posted inNews
Kuwait awards major contract to upgrade Sabiya Power Station
Kuwait’s Ministry of Electricity, Water & Renewable Energy has awarded a long-term contract to Mitsubishi Power to optimize the performance of the Sabiya power and water distillation station and boost its efficiency. Under the new contract, Mitsubishi Power will provide major plant upgrade services and cutting-edge technologies for the Sabiya Power and Water Distillation Station, […]
Posted inEnergy Transition
Oman’s OQ eyes multi-billion clean energy projects
OQ Alternative Energy, the green energy arm of Oman’s OQ Group plans to develop renewable energy projects with a total capacity of around 2 gigawatt (GW) to support the clean energy needs of oil and gas companies, as well as industrial zones, according to a report by Oman Daily Observer. Top officials of the unit […]
Posted inNews, People
Former McDermott SVP named CEO of UAE-based Lamprell
UAE-based contractor Lamprell has named former McDermott SVP Ian Prescott as its new CEO. Prescott spent three years as SVP with McDermott in Malaysia. He’s also held senior roles with SNC-Lavalin and Global Process Systems. In a statement, Lamprell said: “We are delighted to announce that Lamprell has appointed a new CEO, Ian Prescott. “With […]
Posted inPeople
Schneider Electric appoints Hady Stephan as VP of Gulf region’s power systems
Schneider Electric has appointed Hady Stephan as the Vice President of Power Systems for the Gulf region. Stephan’s mandate will be to drive growth in key countries in the Middle East and Africa, including the United Arab Emirates, Qatar, Bahrain, Kuwait, and Oman, according to a press release. As the head of Schneider Electric’s Power […]
Posted inNews
Aramco beats Apple and Exxon again to become the world’s most profitable company
With earnings topping a whopping $300 billion over the past 12 months, Saudi Arabia’s state-controlled oil giant Aramco has once again beat Apple and US oil major Exxon Mobil to become the world’s most profitable company, according to the World of Statistics. In March 2023, Aramco reported a record net income of $161.1 billion for […]