Upon completion, the project would be the biggest single site onshore wind project in the region
NEWS
Oil prices fall on economic slowdown, more supply
The market is faced with the prospect of rising supply as demand moderates
APICORP, Nogaholding to collaborate on ESG and green finance solutions
Both companies will work closely to strengthen corporate sustainability and ESG practices
Penspen reports new contracts worth $48 million in Q2 2022
The company has secured over seven new contracts in the Middle East including a multi-year framework agreement with a major Middle East national oil company
Saudi oil giant ready to boost crude oil output, if needed
The world’s largest exporter of crude oil said it stands ready to accelerate production to its maximum capacity of 12.3 MMbbl/d over the next three years
Saudi Aramco sets new record with $48.4 billion quarterly profit
Aramco’s half year net income soared to $87.9 billion, beating earnings of the largest listed oil majors, including Exxon Mobil, Chevron and BP
ADNOC awards $1.17 billion contract for jack-up barges to boost offshore production
The award is expected to support ADNOC’s objective to achieve 5 million barrels of daily crude oil production capacity by 2030
Saipem wins three new EPC contracts for $900 million in Angola
Saipem will handle the project’s EPC work including hook-up and commissioning assistance
McDermott secures FEED contract for Qatar’s largest offshore oil field
The scope of the contract comprises developing FEED studies for offshore and onshore pipelines, cables, and associated facilities.
India’s JSW to buy Mytrah Energy’s renewable portfolio in $1.3 billion deal
The all-cash deal increases JSW’s generation capacity by more than 35% to 6.5 gigawatts