At least 19 people, including two children, have died and more than 60 injured after a fire broke out on Friday evening at one of national oil company Pertamina’s fuel storage depots on Indonesia’s most populous island of Java, Upstream reported. Investigations are under way after the fatal blaze, which has also displaced some 650 […]
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Saudi Arabia’s Shareek program outlines $51 billion projects
Saudi Arabia outlined plans for $51 billion of investments by local companies including Saudi Aramco and mining giant Maaden under a government incentive program as it seeks to accelerate a plan to diversify its economy away from oil. Speaking on the occasion, Amin Al-Nasser, CEO of Saudi Aramco, said, “The Shareek program accelerates the projects […]
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A legacy of leadership
Gina Fyffe, founder and CEO of Integra, discusses the company’s history, growth, and commitment to diversity and inclusion
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Aramco signs pact with Renault, Geely for engine venture
Aramco has signed a letter of intent with Renault and Geely to become a potential minority stakeholder in a new powertrain technology company, Aramco announced today. The new company will be dedicated to internal combustion and hybrid powertrain technologies. Aramco’s investment would support the growth of the company, and contribute to key research and development […]
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du’s Jasim Al Awadi to share expertise at UAE Digital Twins Conference
Oil & Gas Middle East, ITP.net, and Construction Week Middle East are pleased to announce that Jasim Al Awadi, Chief ICT Officer (Acting) at du, has been confirmed as a speaker for the UAE Digital Twins Conference 2023. The conference, which will take place on 13 March 2023 at the Grosvenor House, Dubai, will explore […]
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Saipem secures $400 million contract offshore Ivory Coast
Saipem has announced today that it has been awarded by the joint venture of Eni Côte d’Ivoire Ltd and Petroci a drilling contract worth $400 million offshore the Ivory Coast. This value is to be considered gross of the leasing costs of the deep value driller vessel that will be used for the operations, Saipem […]
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Subsea7 wins ‘large’ contract for offshore Angola project
London-headquartered Subsea 7, a subsea engineering, construction and services company, announced on Monday that it secured a large contract from an independent oil and gas producer Azule Energy for the Agogo Integrated West Hub Development Project, offshore Angola. Â Subsea7 defines a large contract as being between $300 million and $500 million, the company said. […]
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Aramco’s refining unit awards $148 million EPC contract for Yanbu Growth II Expansion project
Saudi Aramco Base Oil Co (Luberef) has awarded a $148.55 million engineering, procurement and construction (EPC) contract to Egypt’s Petrojet for Yanbu growth II expansion project. The project will expand the Yanbu facility’s base oils (Group II and Group III) production capacity to 1.3 million Metric Tonnes (MT) per annum by 2025, the company said […]
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Eni posts whopping $14.6 billion profit in 2022
Italian energy firm Eni posted a record profit in 2022, driven by high oil and gas prices, and said it aims to fully replace Russian gas imports within two years. The $14.6 billion net profit has been the company’s highest in more than two decades although oil and gas production fell by 4% to 1.61 […]
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New Shell CEO makes major change to top management
Shell’s new CEO Wael Sawan, who took office on January 1, has created a senior role of chief of staff as part of a management overhaul to improve performance after technical problems and other disruption, Reuters reported, citing three company sources. The chief of staff, the first in Shell’s 115-year-old history, is the biggest change […]