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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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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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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ADNOC Gas has awarded Worley Engineering the Front End Engineering and Design (FEED) contract for the Bab Gas ..Read More

ADNOC Gas has awarded Worley Engineering the Front End Engineering and Design (FEED) contract for the Bab Gas Cap (BGC) project in Abu Dhabi. The project aims to increase ADNOC Gas’ processing capacity by 20%, adding over 1.8 billion standard cubic feet per day, and includes facilities for gas processing, CO₂ capture, and sulphur recovery. Worley will execute the services from its Abu Dhabi office, leveraging global expertise.
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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.
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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.
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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.
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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
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