Eni’s CEO Claudio Descalzi and Dr Sultan Ahmed Al Jaber, group CEO of ADNOC, signed on March 4 an agreement for joint projects on energy transition, sustainability and decarbonisation. Through this agreement, Eni and ADNOC intend to explore potential opportunities in the areas of renewable energy, blue and green hydrogen, carbon capture and storage (CCS), […]
projects
Posted inPeople
Multi-billion oil and gas projects to create significant jobs in the Middle East
Strong outlook ahead for Middle East oil and gas jobs, according to a recruitment expert.
Posted inNews
Qatar to buy stake in TotalEnergies’ $27 billion projects
QatarEnergy is reportedly in talks to buy a stake from French multi-energy company TotalEnergies’ $27 billion cluster of energy projects in Iraq, Reuters reported, citing sources. “QatarEnergy is looking to acquire a stake of around 30% in the project, one source said,” Reuters noted. An investment from Qatar is expected to contribute an important victory […]
Posted inNews, Downstream
OQ inaugurates $463 million ammonia plant in Salalah
The plant has a production capacity of 1,000 metric tonnes per day of liquid ammonia
Posted inNews
Siemens Energy to develop megaprojects in Iraq
Siemens Energy plans to further expand its cooperation with Iraq by developing projects with a capacity of over 6 gigawatts in the next five years, a company spokesperson said on Friday. Among other things, this will involve the construction of conventional power plants as well as developing renewable energies and stabilising the power network, the […]
Posted inNews
Upcoming large projects to strengthen Saudi-Oman trade ties
Abdulsalam Al Murshidi, executive president of the largest sovereign wealth fund of the Sultanate of Oman, has confirmed that large projects linking Oman and Saudi Arabia will be announced in the future. He also affirmed that economic ties between Oman and Saudi Arabia have taken great strides towards integration and strengthening the partnership between the […]
Posted inNews
L&T wins EPC contract for world’s largest hydrogen plant in Saudi Arabia
L&T will execute power grid and power generation works for the plant on an EPC basis
Posted inNews
Oman to spend $5 billion on projects in 2023
Oman, the Middle East’s biggest oil producer outside OPEC, will spend $4.95 billion on investment projects in 2023, Oman Investment Authority (OIA), the nation’s sovereign wealth fund has announced. The investments will include about 65 new and existing projects in sectors including logistics, food and fisheries, energy, mining, services, and communications and IT, Reuters reported […]
Posted inExploration & Production
L&T’s hydrocarbon business secures ‘significant’ contracts
The hydrocarbon unit of L&T has secured two orders for its asset management and AdVENT business verticals. L&T Hydrocarbon, Asset Management (LTEH-AM), a new business vertical for Operations and Maintenance (O&M) and associated services in the global market, has secured its first integrated O&M contract from Vedanta Ltd, Cairn Oil & Gas division. This 5-year […]
Posted inExploration & Production
Saipem awarded $1.2 billion new contracts
The contracts have been awarded for Stabroek block offshore Guyana and Egypt’s Zohr Field
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