Oman is projected to become the fastest growing economy within the the oil exporters of the six-member Gulf Cooperation Council (GCC) in 2023 with growth seen at 4.3%, according to a report from World Bank. Rating agency S&P last week revised Oman’s outlook to positive, from stable. It said the government was repairing its balance […]
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Inside Abu Dhabi’s $30 billion Upper Zakum megaproject
The Upper Zakum Oil Field is the largest producing field in ADNOC’s portfolio. It is also the second-largest offshore oil field and the fourth-largest oil field in the world. As part of ADNOC’s ambitious target to accelerate the delivery of its 2030 smart growth strategy, the company plans to increase the field capacity of Upper […]
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Oman announces $3.8 billion projects across sectors
Oman Investment Authority (OIA) has announced 36 investment opportunities worth $3.8 billion covering various industries. Hisham Ahmed Al Sheedi, Director General of Economic Diversification at OIA said that these investment opportunities will potentially ensure better alignment and synergy between OIA and other government and private entities. He noted that the opportunities are distributed across several […]
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Technip Energies COO reveals major projects, trends in the Middle East
In an exclusive interview with Oil & Gas Middle East, Marco Villa, COO of Technip Energies, discusses the company’s key projects, role of technology to address decarbonisation, and the need for collaboration to accelerate the energy transition. What are Technip Energies’ ongoing projects and what’s in the pipeline? We have a long-standing presence in the […]
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Dubai’s Emirates issues travel warnings over deadly Marburg virus
Travelers are advised to postpone trips unless absolutely necessary
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Petrofac, Aveva sign digitalisation deal
Petrofac has signed an agreement with Aveva under which the companies will cooperate towards digital transformation of the end-to-end supply chain system process for the energy industry. The supply chain system process will include engineering cataloging, procurement, site material control and construction planning, Aveva said in a statement. Under the agreement, Aveva’s sustainable engineering solutions […]
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Saudi jobs: Aramco ‘significantly’ increasing hiring, job opportunities, says HR boss
In an exclusive interview with Oil & Gas Middle East, Aramco’s SVP of human resources Faisal A. Al-Hajji, discusses job opportunities for engineers, attracting Saudi talent, and more. Oil & Gas Middle East: As the company ramps up projects, will you have more job opportunities for engineers? Al-Hajji: As the company is guided by engineers, […]
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Inside Saudi Aramco’s $21 billion Jazan Refinery Complex
In 2006, Saudi Arabia made ambitious plans to build a new industrial city in Jazan, in the far south-west of the Kingdom. The main aim of this initiative, the Jazan Economic City Project, was to expand the economic development of the region. At the heart of the project is Aramco’s fully integrated Jazan Refinery and […]
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Iraq acquires stake in TotalEnergies’ $27 billion project
Iraq has agreed to a smaller 30% stake in TotalEnergies long-delayed $27 billion project, reviving a deal that Baghdad hopes could revive foreign investment into the battered economy, Reuters reported. The deal was signed in 2021 for TotalEnergies to build four oil, gas and renewables projects with an initial investment of $10 billion in southern […]
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SCA Future Projects Forum to showcase over SAR1 trillion in project value
The Saudi Contractors Authority(SCA) will be hosting its annual Future Projects Forum (FPF) on May 22-23 in Riyadh at the Four Seasons Hotel. This forum is a major event for the contracting industry in Saudi Arabia as it serves as a platform for the announcement of major government and private sector projects, as well as a […]