Sumou Real Estate Company has been awarded a SAR 680 million contract by Saudi Arabia’s National Housing Com ..Read More

Sumou Real Estate Company has been awarded a SAR 680 million contract by Saudi Arabia’s National Housing Company to develop over 900 residential villas in Zone O2 of the Makkah Gate project in Makkah City. The project, strategically located near the main Prince Mohammed bin Salman Road, is the first full-service residential suburb within the Grand Mosque's boundary, offering integrated facilities, green spaces, and easy access to schools, healthcare, and the Holy Mosque within 30 minutes.
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• Construction

BAPCO Upstream W.L.L, Bahrain, has received proposals from six companies for Directional Drilling and Logging ..Read More

BAPCO Upstream W.L.L, Bahrain, has received proposals from six companies for Directional Drilling and Logging While Drilling services to support its drilling program. The bids range from BHD 24.54 million (Rukun Al Yaqeen International) to BHD 53.24 million (Baker Hughes), with Schlumberger submitting two options. The scope includes supply of equipment, materials, and personnel, with flexibility for BAPCO to adjust service levels based on its drilling needs
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• Oil & Gas

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