The contracts will run over five and 10 years, beginning in 2025
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Saudi Arabia eyes $3.3 trillion deals with Japan by 2030
Saudi Minister of Investment Khalid Al-Falih said in a recent statement that Saudi Arabia is targeting $3.3 trillion worth of investments with Japan by 2030, and wants to build more than 500,000 electric cars annually by the end of the decade On the sidelines of the Saudi Japan Investment Forum held in Riyadh, Al-Falih added that the […]
‘Strong pipeline of projects’: Halliburton’s MENA head discusses continued growth in the Middle East
Lance Loeffler, SVP of Halliburton’s MENA region, says the company has “a direct line of sight to substantial activity growth and a strong pipeline of projects” in the Middle East
Saudi Arabia to build $27 million logistics park in Dammam
The move comes as the world’s largest exporter of crude oil focuses on economic diversification
From World Cup’s real winner to Petrofac’s contracts outlook, here are the top stories of the week
Most of us are already in the year-end holiday mood, ready to unwind after a busy year. For the oil and gas sector, 2022 has been an eventful and challenging year, but things don’t seem to be slowing down. In case you missed the action, here are the top five stories of the week: 1. Petrofac […]
Petronas awards EPCC contracts to JGC and Samsung Heavy Industries
Japan’s JGC and South Korea’s Samsung Heavy Industries will build Petronas’ third floating liquefied natural gas (FLNG) project after winning the engineering, procurement, construction and commissioning (EPCC) contract. Industry shipping publication TradeWinds reported the pair beat a rival consortium of Saipem and Wilson Offshore & Marine after a decision was made this week. There has […]
QatarEnergy renews development contract for Al-Karkara offshore field
Under the new agreement, Japan’s Qatar Petroleum Development Co will continue to act as the operator of the oil fields
L&T wins EPC contract for world’s largest hydrogen plant in Saudi Arabia
L&T will execute power grid and power generation works for the plant on an EPC basis
ADNOC signs ‘milestone’ deal to accelerate chemicals growth
ADNOC is acquiring Mubadala’s entire OMV stake in a transaction that “marks the next major milestone for ADNOC”
Eni finds more gas offshore Cyprus
“The finding confirms the region’s bright energy potential,” the Cypriot Energy Ministry said in a statement