Construction of the petrochemical facility will begin in 2023
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Posted inExploration & Production
L&T’s hydrocarbon business secures ‘significant’ contracts
The hydrocarbon unit of L&T has secured two orders for its asset management and AdVENT business verticals. L&T Hydrocarbon, Asset Management (LTEH-AM), a new business vertical for Operations and Maintenance (O&M) and associated services in the global market, has secured its first integrated O&M contract from Vedanta Ltd, Cairn Oil & Gas division. This 5-year […]
Posted inExploration & Production
Saipem awarded $1.2 billion new contracts
The contracts have been awarded for Stabroek block offshore Guyana and Egypt’s Zohr Field
Posted inNews
Egypt’s $5.5 billion project to create over 10,000 construction jobs
Egypt granted a license on Wednesday to build a green ammonia project in Ain Sokhna industrial zone, with an annual production capacity of 1 million tons. The project, by Egypt’s Green Ammonia Co, will cost around $5.5 billion and offer around 10600 jobs during the construction and operation phases, the government noted in a statement. […]
Posted inNews
Aramco partners with US software company for carbon capture tech
The solution aims to help companies determine the optimum balance between emissions and profitability
Posted inExploration & Production
ADNOC’s drilling unit to acquire $200 million rigs
ADNOC Drilling has almost doubled its offshore jack-up rig fleet to 32 since early 2021
Posted inNews
Saudi Arabia to launch 800 industrial projects next year
The projects will have a combined value of more than $266 billion
Posted inNews
UAE President unveils $1 billion Khalifa Port expansion
President of the UAE HH Sheikh Mohamed Bin Zayed Al Nahyan inaugurated the $ 1 billion (AED 4 billion) Khalifa Port expansion project on Tuesday. The President called it a “qualitative” national project, which will enhance the UAE’s position in the global trade movement. This ambitious project includes 21 berths and provides customized services to […]
Posted inExploration & Production
Algeria’s Sonatrach begins production from Tinrhert field
The field will produce 500 tons of liquefied natural gas and 800 tons of condensate per day
Posted inEnergy Transition
India’s Tata Projects to step up EPC solutions for green hydrogen
Engineering company Tata Projects is stepping up its focus on the green hydrogen market, as the need for clean energy sources gathers pace in the country, Vinayak Pai, managing director of Tata Projects told Business Standard. Pai said that the company was building capabilities to provide engineering, procurement and construction (EPC) solutions for green hydrogen plants. Tata group is planning to venture […]