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 […]
Onshore
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 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, 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 […]
Posted inNews
The controversial Russian oil price cap: 5 facts you need to know
EU ambassadors have failed to agree on the maximum price at which Russian oil should be allowed to trade
Posted inEnergy Transition
Masdar achieves financial close for 230MW Garadagh solar PV in Azerbaijan
The project by Masdar will help to generate half a billion kilowatt-hours of electricity annually and will reduce emissions by more than 200,000 tonnes a year
Posted inNews, Energy Transition
Abdul Latif Jameel Energy’s FRV and Harmony Energy begin construction of UK´s battery storage project Clay Tye
The project reflects FRV’s (a part of Abdul Latif Jameel Energy) long-term investment plan to develop energy storage projects globally in countries like Australia, Mexico, Chile and Spain.
Posted inEnergy Transition, News
Renewable power remains cost-competitive amid fossil fuel crisis in 2021: IRENA report
New IRENA report shows almost two-thirds of renewable power added in 2021 had lower costs than the cheapest coal-fired options in G20 countries.
Posted inNews, Energy Transition
Al Masaood Power Division inks distribution agreement with Sunstream International
Al Masaood Power Division noted that it will continue to heavily invest in renewable energy to provide sustainable electricity through solar energy in the GCC region
Posted inNews, Energy Transition
Brooge Energy forms wholly-owned subsidiary to expand services into green energy
Brooge Energy’s new subsidiary has signed a preliminary land lease agreement for its planned Green Hydrogen and green ammonia plant in the UAE
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