Aramco has completed a purchase of a 10% equity stake in Horse Powertrain, a leader in hybrid and internal com ..Read More

Aramco has completed a purchase of a 10% equity stake in Horse Powertrain, a leader in hybrid and internal combustion powertrain solutions, as part of its efforts to reduce transport emissions. This investment, valued at €7.4 billion, follows the signing of agreements with Renault Group and Geely, who each retain a 45% stake. Aramco’s involvement will accelerate the development of lower-emission mobility solutions, including alternative fuels and hydrogen technologies.
Read Less

• Oil & Gas

QatarEnergy and Shell have signed a long-term sale and purchase agreement (SPA) to supply 3 million tons per a ..Read More

QatarEnergy and Shell have signed a long-term sale and purchase agreement (SPA) to supply 3 million tons per annum (MTPA) of LNG to China, starting in January 2025. This agreement highlights both companies' commitment to meeting global energy demands and the growth of China's LNG market, which is set to become the largest in the world. This is the 11th LNG supply contract between QatarEnergy and Shell.
Read Less

• Oil & Gas

Petrofac has secured a multi-million-dollar contract with Bapco Upstream W.L.L. to support Bahrain’s gas pro ..Read More

Petrofac has secured a multi-million-dollar contract with Bapco Upstream W.L.L. to support Bahrain’s gas production needs by delivering well hook-ups, pipelines, and tie-ins for new wells in the Bahrain Field. This two-year contract builds on Petrofac’s decade-long collaboration with Bapco Upstream, with Group Chief Executive Tareq Kawash highlighting Petrofac’s engineering expertise and strong local partnerships to ensure high-quality, timely project delivery for Bahrain’s energy infrastructure.
Read Less

• Oil & Gas

Aramco has signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group (Petrovietnam) during Vie ..Read More

Aramco has signed a Collaboration Framework Agreement with Vietnam Oil and Gas Group (Petrovietnam) during Vietnamese Prime Minister H.E. Pham Minh Chinh's visit to Saudi Arabia. The agreement, formalized at the FII 8th Edition in Riyadh, aims to explore cooperation in the storage, supply, and trading of energy and petrochemical products, with a focus on optimizing operations and unlocking additional value.
Read Less

• Oil & Gas

Aramco and Taulia, a leading SAP company in working capital solutions, have partnered with the Saudi Industria ..Read More

Aramco and Taulia, a leading SAP company in working capital solutions, have partnered with the Saudi Industrial Development Fund (SIDF) to launch a major supply chain financing program, one of the largest globally, aimed at providing affordable financing for Aramco’s suppliers. Announced at the FII 8th Edition in Riyadh, the new FinTech solution will improve suppliers' liquidity, enhance cash flow forecasting, and strengthen Aramco’s supply chain resilience, unlocking billions of Saudi Riyals in liquidity to support working capital optimization and alternative financing access for suppliers
Read Less

• Oil & Gas

Linde Engineering has partnered with NEXTCHEM to provide carbon capture technology for ADNOC’s Hail and Ghas ..Read More

Linde Engineering has partnered with NEXTCHEM to provide carbon capture technology for ADNOC’s Hail and Ghasha offshore gas project in the UAE. Linde’s HISORP® CC solution will capture and purify 1.5 million tonnes of CO2 annually, supporting ADNOC’s net-zero emissions goal. Powered by renewable energy, this technology achieves over 99% CO2 capture without increasing the carbon footprint, advancing ADNOC’s decarbonization efforts.
Read Less

• Oil & Gas

Wood has secured an engineering services contract for Aramco’s Southern and Northern Areas gas increments pr ..Read More

Wood has secured an engineering services contract for Aramco’s Southern and Northern Areas gas increments project in Saudi Arabia, aimed at boosting natural gas production. The project will involve one million engineering hours, with Wood providing PMC services, Pre-FEED and FEED engineering for onshore gas facilities, and EPC contracting support. The seven-year project will engage over 400 employees across Saudi Arabia, the UK, and India.
Read Less

• Oil & Gas

Qatar Navigation Q.P.S.C. (Milaha) announces its subsidiary Halul Offshore Services Company W.L.L. has secured ..Read More

Qatar Navigation Q.P.S.C. (Milaha) announces its subsidiary Halul Offshore Services Company W.L.L. has secured a QAR 262 million EPCIC contract for the New Fiber Link Project with North Oil Company, enhancing connectivity in Qatar’s energy sector through a 140-km fiber cable system.
Read Less

• Oil & Gas