Baker Hughes has secured a significant contract to supply subsea trees for Eni’s Baleine project, located offshore the Ivory Coast in West Africa. The project involves tapping into the Baleine field in three phases, with the first phase scheduled to begin production this year, followed by the second phase in 2024, and a larger third […]
Exploration & Production
Posted inNews
Algeria’s Sonatrach signs $800 million contract for oil and gas projects
The contract includes the construction of an LPG extraction unit, the drilling of twelve oil wells, and one water injection well among other projects
Posted inNews
Saudi Ports Authority to build a $500 million center for fueling ships in Yanbu
The Saudi Ports Authority (MAWANI) has announced plans to construct a fuel supply center for ships, with an estimated cost of 2 billion riyals ($533 million), according to a media report. MAWANI has signed an agreement with the Ministry of Energy to establish a comprehensive bunkering center at King Fahd Industrial Port in Yanbu, situated […]
Posted inNews, Exploration & Production
Egypt to launch new bids for oil and gas exploration in 16 regions
Egypt plans to launch two new bids for oil and gas exploration in over 16 regions in the country’s south and the Red Sea by the end of 2023, according to media reports. Egypt extended the closing date for two previous bids to mid-July earlier this year, allowing more time for companies interested in exploring […]
Posted inNews
Schneider Electric opens new manufacturing facility in Riyadh
Schneider Electric has opened a new production line in Riyadh, the capital city of Saudi Arabia. This production line will manufacture hardwares that will enhance the kingdom’s energy efficiency and sustainability efforts. The establishment of this production line aligns with Saudi Arabia’s Vision 2030, which aims to position the country as a prominent global manufacturing […]
Posted inNews
Weatherford awarded drilling contract from Saudi Aramco
Weatherford International has been awarded a three-year contract with Saudi oil giant Aramco to deliver drilling services, the company announced in a press release. Under the contract, Weatherford will deploy its Drilling Services portfolio, which includes a suite of technology that combines real-time information analysis and drilling tools to maximize efficiency. Deploying these service and technology offerings […]
Posted inBusiness
Jordan eyes $2.5 billion investments in new projects
According to an official document released on Monday, Jordan plans to attract investments totaling around $2.5 billion in new projects from Saudi Arabia and various other countries from 2023 to 2026. The document, published by the Arabic newspaper Alghad, reveals that the government’s Investment Council approved this strategy in late May, with a focus on […]
Posted inEnergy Transition
Oman awards hydrogen blocks to Kuwaiti company
Hydrogen Oman (Hydrom) has granted one of Oman’s initial hydrogen blocks to EnerTech Holding Company, a Kuwaiti state-owned company focused on clean energy investment and development. EnerTech is also a founding partner of the international consortium, Green Energy Oman (GEO). According to a press statement by EnerTech, the GEO consortium, which includes EnerTech, Oman’s integrated […]
Posted inNews
ExxonMobil to expand upstream investments in Egypt
Chairman and Managing Director of ExxonMobil Egypt, Amr Abou Eita, said the supermajor plans to expand its upstream exploration in Egypt while growing Mobil service stations network across the country. Eita added: “Additionally, we are interested in evaluating low-carbon solutions opportunities. The recent relocation to a state-of-the-art new head office is a reflection of a […]
Posted inNews
QatarEnergy begins construction of LNG vessel for historic fleet expansion
QatarEnergy celebrated the steel cutting of the first of its new generation of chartered LNG vessels to be constructed in a Korean shipyard. QatarEnergy joined Samsung Heavy Industries, and JP Morgan Asset Management in a special ceremony on Geoje Island in the Republic of Korea to celebrate this milestone, which is part of QatarEnergy’s historic LNG Fleet Expansion Project. In April, the state-owned giant announced […]
Load more