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 […]
oil and gas
Posted inEnergy Transition
SNC-Lavalin secures EPC contract for Saudi’s King Salman Park
SNC-Lavalin announced in a statement that it has been awarded a district cooling services contract by Green Park Cooling Co, a subsidiary of Saudi Tabreed, for King Salman Park. A green destination at the heart of Riyadh, the project is set to foster the Kingdom’s productivity, creativity, and innovation for future generations. King Salman Park […]
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PetroChina top official fired after video scandal goes viral
China’s state-owned supermajor PetroChina is making headlines for the wrong reasons after its senior official was caught in a cheating scandal video that went viral, China Project reported. Hu Jiyong, president of PetroChina’s EPC unit Huanqiu Project Management, was videoed by a street photographer last Wednesday, interlocking fingers with a young woman, taking a romantic […]
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TotalEnergies announces oil and gas discovery offshore Nigeria
TotalEnergies has discovered oil and gas at the OML 102 offshore oilfield in Nigeria, the French company has announced. The well is located in shallow waters, 60km off the south-east coast of Nigeria. Ntokon oil and gas discovery, which is located 20km from the Ofon field facilities, is due to be built using a tie-back […]
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L&T’s oil and gas unit secures about $300 million EPC offshore contract
Indian EPC giant Larsen & Toubro‘s (L&T) hydrocarbon unit announced today that it has secured an offshore contract worth $122 to $304 million approximately from a “prestigious overseas client.” The scope of work comprises engineering, procurement, construction, and installation for new offshore structures. L&T is executing several domestic and international offshore projects and is committed […]
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Egypt, Jordan sign major gas infrastructure deal
Egypt has signed a comprehensive deal with Jordan that grants it access to the LNG floating storage regasification unit (FSRU) stationed at Sheikh Sabah port in Aqaba, according to a statement. The primary objective of the agreement is to maximise the resources of both countries with enhanced efficiency and reduced costs, the statement from Egypt’s […]
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Saudi Arabia, China sign $10 billion deals
Saudi Arabia and China have signed 30 investment agreements worth $10 billion across various sectors including technology, renewables, minerals, supply chains, and healthcare on the first day of the 10th Arab-China Business Conference. According to the Investment Ministry, the Saudi government signed deals with several Chinese entities for projects including a joint venture for automotive […]
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Top job openings for energy professionals at ADNOC
Are you ready to embark on a rewarding career in the energy industry? ADNOC presents a multitude of exciting job opportunities for professionals seeking growth, innovation, and sustainability. As a global leader in the oil and gas sector, ADNOC is known for its cutting-edge technologies, extensive operations, and commitment to driving sustainable growth. Whether you […]
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Masdar to develop massive wind power plant in Kazakhstan
Masdar has signed a roadmap to develop a massive 1 gigawatt (GW) wind power plant in Kazakhstan. The strategic move aims to support Kazakhstan’s ambitious goal of achieving 50% renewable energy in its energy mix by 2050. This venture marks Masdar’s first project in Kazakhstan and is a significant step toward achieving the country’s aim […]
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Petrofac signs $1.5 billion EPC contract in Algeria
Petrofac today confirmed it has entered into a definitive agreement with STEP Polymers SPA, a Sonatrach subsidiary, for the design and build of its petrochemical complex in the Arzew Industrial Zone in Algeria. The contract award was originally announced in May 2023. Petrofac will deliver the $1.5 billion project with its joint venture partner China […]
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