ADNOC has signed three separate agreements with Kanoo Energy for manufacturing of valves, flanges and establishment of a reverse engineering facility in the UAE, Trade Arabia reported. The products are part of the $19 billion worth of products in ADNOC’s procurement pipeline that the firm identified for domestic manufacturing in July 2022. The agreements were […]
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Posted inEnergy Transition, DRILLING & PRODUCTION, Exploration & Production
Halliburton wins completions contract for carbon capture project
Halliburton, the US-based energy major, has been granted a contract to carry out well completions on the HyNet North West carbon capture and storage initiative in the United Kingdom. This entails supplying completions, liners, and monitoring products and services for the project situated in Liverpool Bay. To fulfill this contract, Halliburton will manufacture and deliver […]
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McDermott progressing construction work on Aramco’s $21 billion Marjan expansion
Houston-based firm McDermott is advancing construction of Aramco’s Marjan expansion project aiming to complete it by 2025, data by DMS Projects shows. In July 2019, McDermott announced the award of two engineering, procurement, construction and installation (EPCI) contracts for the Marjan field expansion project. The first EPCI contract, valued at $3 billion, was for the Marjan […]
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Inside Oman’s $7 billion Duqm refinery and petrochemicals project
Oman’s massive Duqm refinery project is spread over a 9km square-site in Duqm, on the Arabian Sea coast in the Al Wusta Governorate of Oman, Â approximately 600 km south of the capital city Muscat. The project is operated by Oman’s OQ and will primarily produce diesel, jet fuel, naphtha and LPG. Its feedstock will comprise […]
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Aramco to partner with Turkish contractors for $50 billion projects in Saudi Arabia
Saudi Aramco has engaged in discussions with numerous Turkish contractors to explore potential projects worth $50 billion in Saudi Arabia, according to a Bloomberg report last week Representatives from around 80 construction companies met with Aramco executives in Ankara to discuss pre-qualification for upcoming projects scheduled until 2025, Erdal Eren, head of the Turkish Contractors […]
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EPC contractors submit bids for ADNOC’s $30 billion Upper Zakum megaproject
Contractors have submitted technical bids for the EPC works of surface facilities and subsea pipeline packages on the Upper Zakum expansion project, according to data from DMS Projects. Although the complete list of bidders is yet to be announced, Petrofac has confirmed its technical bid submission. EPC contracts are expected to be awarded in Q4 […]
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Hydrom, BP Oman secure $20 billion deals for massive green hydrogen projects
Hydrogen Oman (Hydrom) has taken a major leap forward in the green hydrogen sector by signing three groundbreaking agreements worth over $20 billion. The agreements, sealed with Amnah and Oman Green Energy Alliance, as well as BP Oman, are set to establish three major green hydrogen projects in Oman’s Al Wusta Governorate. With a combined […]
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Drones attack Russian oil refineries near major port
Russian officials have revealed that two oil refineries located approximately 40-50 miles (65-80 km) east of Russia’s largest oil export terminals were targeted by drone attacks, according a Reuters report. According to the report, One of the refineries, Afipsky, has experienced a fire because of the attack, but the other refinery, Ilsky, sustained no damage. […]
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UAE’s untapped opportunity of hub and cluster CCS facilities
Countries driven by high emissions exports are being hit by international regulations on emissions such as the Carbon Border Adjustment Mechanism (CBAM) in the EU, development of the carbon price, and market competitiveness. Abruptly shutting down national industries to lower emissions would lead to the breakdown of the economy and a colossal loss of jobs. […]
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QatarEnergy, Bangladesh to sign 15-year LNG deal
QatarEnergy will sign a long-term LNG supply deal with Bangladesh’s state-owned gas company Petrobangla on Thursday, Reuters reported. This marks the second Asian sales deal to be sealed for Qatar’s North Field expansion project. The 15-year agreement is for the supply of 2 million tonnes annually, Petrobangla’s Chairman Zanendra Nath Sarker told Reuters. Supplies are […]