Aramco, Sinopec, and Yasref have signed a Venture Framework Agreement to develop a major petrochemical expansi ..Read More

Aramco, Sinopec, and Yasref have signed a Venture Framework Agreement to develop a major petrochemical expansion at Yasref in Yanbu, marking its 10th anniversary. The project includes a 1.8 million tons/year mixed feed steam cracker and a 1.5 million tons/year aromatics complex, integrated with the existing refinery. This aligns with Aramco’s strategy to convert up to 4 million barrels/day of crude into petrochemicals by 2030 and deepens its long-term partnership with Sinopec.
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• Oil & Gas

Saudi Arabia's Ministry of Energy announced the discovery of 14 new oil and gas fields and reservoirs by Aramc ..Read More

Saudi Arabia's Ministry of Energy announced the discovery of 14 new oil and gas fields and reservoirs by Aramco across the Eastern Province and the Empty Quarter. These include 6 oil fields, 2 oil reservoirs, 2 gas fields, and 4 gas reservoirs. Key finds include the Ayfan oil field (2,840 bpd), Ghizlan gas field (32 MMscf/day with 2,525 barrels of condensate), and multiple new reservoirs in the Marzouq field. These discoveries bolster the Kingdom’s hydrocarbon reserves, aligning with Vision 2030 and enhancing long-term energy security and economic growth.
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• Oil & Gas

AD Ports Group has signed a 10-year lease agreement with TW Steel to provide innovative containerized fabricat ..Read More

AD Ports Group has signed a 10-year lease agreement with TW Steel to provide innovative containerized fabrication solutions and container maintenance services at Khalifa Port. The collaboration will offer sustainable, energy-efficient solutions tailored to shipping lines and container operators, reducing container downtime and enhancing operational efficiency. The agreement supports Khalifa Port's growth as a major logistics hub, reinforcing its commitment to sustainability and world-class facilities.
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• Transport

Wood has secured a three-year reimbursable contract to provide specialist technical support to Petroleum Devel ..Read More

Wood has secured a three-year reimbursable contract to provide specialist technical support to Petroleum Development Oman (PDO), involving 65 engineering and project management experts—mainly Omani nationals—working on front-end energy transition and carbon capture projects. The team will be integrated into PDO’s FEED office and supported by Wood’s global expertise. This contract adds to Wood’s strong regional growth, following $920 million in contract awards across the Middle East in 2024.
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• Oil & Gas

Terra Drone, the world’s No.1 Drone Service Provider in 2024, has signed an MoU with Aramco to advance drone ..Read More

Terra Drone, the world’s No.1 Drone Service Provider in 2024, has signed an MoU with Aramco to advance drone, robotics, and AI-driven solutions in the oil and gas sector, focusing on safety, efficiency, and localization. The partnership supports R&D, tech piloting, training, and aligns with Saudi Arabia’s economic goals. Following Wa’ed Ventures' investment, Terra Drone established Terra Drone Arabia to localize services, build R&D facilities, and create skilled jobs. The MoU strengthens both firms’ commitment to innovation and Saudi Arabia’s Vision 2030.
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• Oil & Gas

Saudi Railway Company has announced a public tender for Lead Design Consultancy Services for the Saudi Landbri ..Read More

Saudi Railway Company has announced a public tender for Lead Design Consultancy Services for the Saudi Landbridge Railway Network. The consultancy will cover the Concept Design Stage, with an option for the Preliminary and IFC Design Stages. The 2,000km network will connect the Red Sea to the Gulf, linking the logistical zones of Dammam and Jeddah, enhancing trade between Asia, Europe, and the Americas. The bid submission deadline is May 15, 2025.
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• Transport

Dubai’s RTA has awarded a AED 786 million contract to build a 1,425m, 8-lane bridge connecting Bur Dubai to ..Read More

Dubai’s RTA has awarded a AED 786 million contract to build a 1,425m, 8-lane bridge connecting Bur Dubai to Dubai Islands, with capacity for 16,000 vehicles/hour and a 75m navigational channel. The project, part of the Al Shindagha Corridor, includes pedestrian and cycling tracks, and 2,000m of surface roads. It’s the second major access project to Dubai Islands and ties into a broader AED 6 billion RTA–Dubai Holding agreement to improve connectivity across 15 key areas, aiming to reduce travel times by up to 70% and support sustainable, integrated community development.
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• Construction

TAQA and EWEC have launched major energy infrastructure projects supporting the UAE’s AI Strategy 2031 and N ..Read More

TAQA and EWEC have launched major energy infrastructure projects supporting the UAE’s AI Strategy 2031 and Net Zero 2050 goals, including a 1GW Al Dhafra Open-Cycle Gas Turbine (OCGT) project under a 24-year PPA. TAQA will fully own and operate the plant and develop grid infrastructure through TAQA Transmission. The collaboration also backs a world-first project with Masdar to deliver 1GW of 24/7 renewable baseload power via the largest solar-plus-BESS system. With AED 36 billion investment, 75% will go to generation and 25% to grid upgrades, while over 55% of Abu Dhabi’s power now comes from clean sources.
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• Power