Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea faciliti ..Read More

Subsea 7 has secured a substantial contract from Aramco for decommissioning and installing new subsea facilities at the Abu Safah field, offshore Saudi Arabia. The project, valued between $150 million and $300 million, includes engineering, procurement, construction, and installation, with offshore operations planned for 2026. It will be managed from Subsea 7's Al Khobar office, reinforcing their long-standing partnership with Aramco.
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• Oil & Gas

QatarEnergy has partnered with Japan's Mitsui O.S.K. Lines (MOL) and China's COSCO Shipping LNG Investment to ..Read More

QatarEnergy has partnered with Japan's Mitsui O.S.K. Lines (MOL) and China's COSCO Shipping LNG Investment to own and operate six QC-Max LNG vessels, built by Hudong-Zhonghua Shipbuilding in China. This marks the final batch of QatarEnergy's 128-vessel shipbuilding program, supporting its LNG expansion and fleet replacement needs. The MOL-COSCO joint venture now has 13 long-term agreements with QatarEnergy.
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• Oil & Gas

Combined Group Contracting (CGC) of Kuwait has submitted the lowest bid of KWD 19.2 million (USD 62.6 million) ..Read More

Combined Group Contracting (CGC) of Kuwait has submitted the lowest bid of KWD 19.2 million (USD 62.6 million) for the external works of the Jurassic production facilities project issued by Kuwait Oil Company (KOC). The project involves external works in the Umm Naqa area, including a 16-inch feeder trunk line, with a contract duration of 19 months.
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• Oil & Gas

OQ Group, Oman, signed seven investment agreements worth RO 25.5 million (USD 66.4 million) for industrial pro ..Read More

OQ Group, Oman, signed seven investment agreements worth RO 25.5 million (USD 66.4 million) for industrial projects under the “Ladayn Polymer Park,” aimed at boosting economic diversification and industrial growth. The agreements involve partnerships with local and international companies, offering incentives like reduced raw material costs and enhanced facilities. Long-term land usufruct agreements were also signed with various firms in Sohar and Salalah Free Zones to support industrial development and export initiatives.
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• Oil & Gas

ADNOC signed a Strategic Collaboration Agreement with MoIAT, ADDED, ADIO, and ADDCI to enhance local manufactu ..Read More

ADNOC signed a Strategic Collaboration Agreement with MoIAT, ADDED, ADIO, and ADDCI to enhance local manufacturing and integrate SMEs into its supply chain, fostering innovation and economic diversification. The initiative aligns with UAE’s Operation 300bn and aims to boost industrial growth, strengthen supply chains, and reduce reliance on imports. ADNOC also plans to drive AED 200 billion ($54.5 billion) into the UAE economy over five years through its In-Country Value program.
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• Manufacturing
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ADNOC signed a 15-year Sales and Purchase Agreement with Malaysia’s PETRONAS to supply 1 million tonnes per ..Read More

ADNOC signed a 15-year Sales and Purchase Agreement with Malaysia’s PETRONAS to supply 1 million tonnes per annum of lower-carbon LNG from the Ruwais LNG project, starting in 2028. This partnership enhances ADNOC's role as a reliable energy supplier and supports Asia's demand for cleaner energy. The Ruwais LNG facility will use clean power, making it one of the lowest-carbon LNG plants globally.
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• Oil & Gas

The joint venture Special Technical Services Worley Integrated Solutions (SWIS) received a three-year contract ..Read More

The joint venture Special Technical Services Worley Integrated Solutions (SWIS) received a three-year contract extension from bp to provide EPC services for Block 61 gas assets in Oman, including field development and brownfield modifications. The extension builds on an initial 2018 contract and subsequent 2022 extension, highlighting SWIS’s success in enhancing operational efficiency for bp’s gas operations.
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• Oil & Gas

Aramco has partnered with Linde and SLB to develop a Carbon Capture and Storage (CCS) hub in Jubail, Saudi Ara ..Read More

Aramco has partnered with Linde and SLB to develop a Carbon Capture and Storage (CCS) hub in Jubail, Saudi Arabia, with Aramco holding a 60% equity stake. Phase one, set for completion by 2027, aims to capture and store up to 9 million metric tons of CO2 annually, supporting Aramco's net-zero Scope 1 and 2 emissions goal by 2050 and the Kingdom's 2060 net-zero target. The project highlights global collaboration in advancing decarbonization and lower-carbon energy solutions.
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• Oil & Gas