Kuwait Petroleum Corporation (KPC) held an official ceremony in Seoul to mark the first crude oil shipment und ..Read More

Kuwait Petroleum Corporation (KPC) held an official ceremony in Seoul to mark the first crude oil shipment under its new storage agreement with Korea National Oil Corporation (KNOC). Signed in October 2024, the two-year agreement allows KPC to store up to 4 million barrels of crude oil at KNOC’s Ulsan facility. The move strengthens Kuwait’s global hydrocarbon reach and supports energy security in the region.
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• Oil & Gas

Wood has secured two new engineering and procurement framework agreements worth $11 million from TotalEnergies ..Read More

Wood has secured two new engineering and procurement framework agreements worth $11 million from TotalEnergies EP Ratawi Hub as part of Iraq’s Gas Growth Integrated Project (GGIP). The three-year contracts support the Associated Gas Upstream Project (AGUP) at the Ratawi field, aiming to upgrade facilities and increase production to 120,000 barrels/day. Wood, active in the Ratawi field since 2023, has hired 70 Iraqis and will deliver the work via teams in Basra and the UAE.
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• Oil & Gas

Aramco and BYD have signed a Joint Development Agreement to collaborate on new energy vehicle technologies, fo ..Read More

Aramco and BYD have signed a Joint Development Agreement to collaborate on new energy vehicle technologies, focusing on efficiency and environmental performance. The partnership combines Aramco's research in energy solutions with BYD's expertise in new energy vehicles, aiming to create breakthroughs in transport efficiency and reduce carbon footprints. This collaboration supports global climate goals and fosters innovation in energy transition technologies.
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• Transport

ADQ, IHC, and Modon Holding have formed a joint venture to launch Gridora, a new infrastructure platform under ..Read More

ADQ, IHC, and Modon Holding have formed a joint venture to launch Gridora, a new infrastructure platform under Modon Holding, aimed at accelerating large-scale infrastructure development across the UAE and globally. Gridora will operate through two business lines—Infrastructure Projects and Infrastructure Investments—enabling project delivery and asset management. The platform will support public-private partnerships and leverage its founders' expertise to streamline infrastructure execution and generate long-term returns.
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• Construction

China Energy International Group and its branch, China Energy Engineering, have been awarded the contract for ..Read More

China Energy International Group and its branch, China Energy Engineering, have been awarded the contract for the Ghazlan Power Plant Expansion Project by Saudi Electricity Company (SEC). The project involves adding approximately 1,600 MW to the existing power plant, located 20KM northwest of Ras Tanura and 80KM north of Dammam in Saudi Arabia’s Eastern Province. The expansion will be executed on an EPC basis.
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• Power

McDermott has secured a three-year extension of its Long-Term Agreement (LTA) Framework with Aramco to support ..Read More

McDermott has secured a three-year extension of its Long-Term Agreement (LTA) Framework with Aramco to support both brownfield and greenfield offshore developments in Saudi Arabia. This extension strengthens McDermott’s role in Saudi offshore energy projects and aligns with Saudi Vision 2030 by supporting the IKTVA program. McDermott also plans to complete its SAFIRA fabrication yard to boost local project delivery capabilities and expand its Saudi-based workforce and infrastructure.
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• Oil & Gas

Saipem has renewed its Long-Term Agreement (LTA) with Saudi Aramco until the end of 2027, reaffirming its posi ..Read More

Saipem has renewed its Long-Term Agreement (LTA) with Saudi Aramco until the end of 2027, reaffirming its position among the select contractors eligible to bid for CRPOs related to new offshore projects and production maintenance in Saudi Arabia. If awarded, projects will be executed by a consortium of Snamprogetti Saudi Arabia and STAR, leveraging local facilities established in 2008. The renewal highlights Saipem’s long-standing partnership with Aramco and its continued role in Saudi Arabia's offshore energy sector.
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• Oil & Gas

Alkhorayef Water and Power Technologies Co., Saudi Arabia, has been awarded a contract by the Saudi Irrigation ..Read More

Alkhorayef Water and Power Technologies Co., Saudi Arabia, has been awarded a contract by the Saudi Irrigation Organization worth SAR 353.9 million for the construction of treated water reuse systems. The contract involves two projects: the first at Al Rass Sewage Treatment Plant (SAR 223.8 million) and the second at Wadi Al-Dawasir Sewage Treatment Plant (SAR 130 million). Both projects aim to provide treated water for agricultural irrigation and have a 24-month completion period.
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• Water