In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region. (Editor’s note: This list is not a ranking) 1. Aramco awards EPC contract for world’s largest offshore field Aramco has awarded an engineering, procurement, construction and installation (EPCI) contract for its $1 […]
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Kuwait to award 22 oil and gas projects this year
State-owned Kuwait Oil Co (KOC) has announced plans to award 22 projects to local and foreign firms in the next few months, Zawya Projects reported, citing the Arabic language daily Alanba. KOC, which manages the OPEC member’s upstream oil industry, will gradually award those contracts after they are approved by the Central Agency for Public […]
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Top contractors fight for ADNOC’s multimillion Habshan gas contract
EPC giants including NPCC, Petrofac and L&T are in the race for a significant contract for ADNOC’s Habshan 5 new compression facility, according to data from DMS Projects. ADNOC Gas Processing is currently evaluating technical and commercial bids for the main tender of the project, with a decision expected within weeks. The EPC contract is […]
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Natural gas prices could dip below zero in Europe: Report
Natural gas prices in Europe are likely to plummet further on lackluster demand from power generation and industry. This downward trend has led traders and industry officials to consider the possibility of day-ahead prices dipping below zero in some European markets during the summer, according to a report by Oilprice. According to the report, several […]
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UAE-Oman-India $5 billion undersea pipeline proposed
Project can lead to an annual saving of around $945 million in comparison to importing similar amounts of liquefied natural gas
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Aramco’s Hawiyah gas expansion project to begin operations this year
Saudi Aramco has advanced multiple gas projects during the quarter in line with its strategic priority to meet the growing domestic gas demand. Aramco’s Hawiyah Gas Plant expansion, which is part of the Haradh gas increment program, has progressed with its commissioning activities and is expected to begin operations this year, Aramco noted in its […]
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Unlocking the power of digital twins: A game-changer for oil and gas production
Digital twins are changing the game for the industry, providing a complete 360-degree replica of physical assets and enabling companies to optimise their operations and improve asset availability
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African banks invest $16 billion in oil and gas projects
The African Export-Import Bank (Afreximbank) and the African Finance Corp (AFC) have invested about $16 billion in oil and gas projects across Africa, the Guardian reported. This was disclosed at the recent African Refiners and Distribution Association conference in South Africa, where stakeholders urged companies to keep funds within the continent to finance the over […]
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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 […]
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Oil & Gas Middle East Awards 2023: Meet the winners and the highly commended!
The 2023 edition of the Oil & Gas Middle East Awards ended on an excellent note on the evening of March 2 at the Grosvenor House in Dubai. The event celebrated a total of 14 winners across upstream, midstream and downstream sectors, and individual categories who took home the beautiful crystal trophies loud and proud. […]