The Power Transmission & Distribution Business of L&T Construction has secured multiple EPC orders in India and overseas, the company announced today. The Renewables arm of the business has received an EPC contract for what is being said is one of the largest floating solar parks in the world. The company will establish a 90MW Floating […]
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From World Cup’s real winner to Petrofac’s contracts outlook, here are the top stories of the week
Most of us are already in the year-end holiday mood, ready to unwind after a busy year. For the oil and gas sector, 2022 has been an eventful and challenging year, but things don’t seem to be slowing down. In case you missed the action, here are the top five stories of the week: 1. Petrofac […]
Aramco refining unit’s $1.3 billion IPO oversubscribed 2.3 times
Luberef is one of the largest base oils producers in the world and the leading base oils producer in Saudi Arabia
Saudi Arabia to launch 800 industrial projects next year
The projects will have a combined value of more than $266 billion
FedEx begins electric vehicle trials in UAE
The trial represents the debut of zero-tailpipe emissions vehicles for FedEx in the MENA region
Saudi Aramco reportedly talking to investors for $110 billion Jafurah gas project
According to Bloomberg, Aramco is seeking equity investors to fund the development of midstream and downstream projects at Jafurah
Petrofac secures EPC contract from ADNOC
This award follows the September 2022 announcement that Petrofac will continue to support ADNOC’s operations at the Haliba oil field
Saudi Arabia, Kuwait sign agreement to develop Al-Durra gas field
The project is being jointly developed by Saudi-based Aramco Gulf Operations Co and Kuwait Gulf Oil Co
Saudi Aramco signs major deal with China’s Shandong Energy
The move strengthens Aramco’s efforts to supply energy, petrochemicals and non-metallics to China
World’s largest crude oil exporter reports whopping $27 billion budget surplus
Saudi Arabia recorded its first annual budget surplus in nearly a decade