Saudi Aramco President and CEO Amin Nasser and South Korean President Yoon today attended the groundbreaking ceremony for the $7 billion Shaheen petrochemical project in Ulsan, South Korea. Ministers and senior officials from both countries also attended the milestone event. The Shaheen project, which was announced in November 2022, is being developed by Aramco affiliate S-OIL and is […]
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Oman’s $7 billion Duqm Refinery to begin operations by year end
Oman’s Duqm Refinery project, one of the largest refining and petrochemicals project, is expected to come into full production by the end of 2023, Kuwait Petroleum Corp’s deputy chairman and CEO, Nawaf al Sabah said, speaking on the sidelines of CERAWeek energy conference in Houston, Texas. The refinery project, occupying 900 hectares, is located at […]
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Aramco signs $6 billion deal to help South Korean companies win contracts in Saudi Arabia
Saudi Aramco has signed a $6 billion framework deal with the Export-Import Bank of Korea that could help South Korean companies win contracts in the Kingdom. According to the agreement, Eximbank can lend up to $6 billion to Saudi Aramco which can be used to pay South Korean companies involved in projects with the energy […]
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NESR secures well testing contract from Aramco
National Energy Services Reunited Corp (NESR) announced that it has been awarded a long-form well testing contract from Saudi Aramco. This contract is expanding well testing services provided to Aramco on various applications with the latest technology deployed by NESR in Saudi, the statement mentioned. Earlier this year, NESR was awarded a nine-year, wireline services […]
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Kuwait’s HOT Engineering awarded contract for Saudi-Kuwait Neutral Zone
Kuwait’s HOT Engineering And Construction Co has secured a new contract with Joint Operations (JO), a prominent oil and gas company operating in Saudi-Kuwait Neutral Zone, the oil-producing area that straddles the border between the two countries. According to the contract, HOTECC will supply JO with a range of heavy equipment for a period of […]
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QatarEnergy breaks ground on $8.5 billion petrochemicals facility
QatarEnergy and Chevron Phillips Chemical Co (CPChem) celebrated the ground breaking of the Golden Triangle Polymers Plant in Texas, marking the beginning of construction of the $8.5 billion world-scale petrochemical facility. Delivering remarks on behalf of HE Saad Sherida Al-Kaabi, president and CEO of QatarEnergy, Ahmad Saeed Al-Amoodi, QatarEnergy’s executive vice resident, Surface Development and […]
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From the editor: ‘March-ing ahead’
The month of March is all about celebrating women. For me, it’s the month of recognizing the untold efforts of groundbreaking female leaders, their journeys, aspirations and of course, their challenges. As the world celebrates International Women’s Day today, I can’t help but reflect upon how women are conquering structural obstacles and systemic bias, especially […]
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International Women’s Day: What’s your superpower?
An exclusive initiative by ITP Media’s B2B group, this video shares the story of 6 powerful women in business, their challenges, their journeys and most importantly, their superpowers. From the earliest days of oil and gas drilling, women have made untold contributions to the industry. Their accomplishments have been against all odds, in a field […]
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Tanzania to award contracts for $30 billion LNG project
Shell, Equinor and the government of Tanzania have finalised negotiations for the construction of a $30 billion LNG terminal and contract preparation is underway, Tanzania’s energy ministry said. “Minister January Makamba said negotiations on the construction of the LNG project were complete, and now experts are at work drafting contracts,” the energy ministry said on […]
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GAS Arabian Services secures $13.5 million EPC contract
GAS Arabian Services Co announced that it has secured a $13.5 million EPC contract from Saudi Arabia’s Advanced Petrochemical Co. The scope of the contract includes constructing a pipeline system from the PDH unit of Advanced Petrochemical Co to the cracking unit of United Petrochemical Co, an affiliate of SABIC. According to the a statement […]