National Energy Services Reunited Corp. (NESR) has secured five-year Slickline contracts worth US$200 million ..Read More

National Energy Services Reunited Corp. (NESR) has secured five-year Slickline contracts worth US$200 million in Kuwait and Oman, expanding its Drilling & Evaluation (D&E) segment across the MENA region. These new awards mark NESR’s entry into Slickline services in both countries, building on existing strengths in Saudi Arabia and Egypt. The move supports NESR’s “portfolio pull through” strategy and reinforces its position among the top three regional providers of evaluation services.
Read Less

• Oil & Gas

Technip Energies has secured a Detailed Engineering Design contract worth between €50 million and €250 mil ..Read More

Technip Energies has secured a Detailed Engineering Design contract worth between €50 million and €250 million from Larsen & Toubro's Hydrocarbon Business for QatarEnergy LNG's North Field Production Sustainability Offshore Compression Project (NFPS COMP 4). The scope includes designing two offshore compression complexes with platforms, flare systems, and interconnecting bridges. This follows the successful completion of the FEED phase and was recorded in Q1 2025 under Technip’s Technology, Products & Services segment.
Read Less

• Oil & Gas

EWEC signed a new 15-year Power Purchase Agreement with TAQA, ENGIE, and Sumitomo for the Shuweihat 1 (S1) pla ..Read More

EWEC signed a new 15-year Power Purchase Agreement with TAQA, ENGIE, and Sumitomo for the Shuweihat 1 (S1) plant in Al Dhafra, UAE. The project will reconfigure S1 from a cogeneration plant to a 1.1 GW natural gas-fired open-cycle power plant, providing flexible reserve power to support renewable energy integration, with operations starting in 2027. Water desalination will be decommissioned to align with EWEC’s energy transition goals. The move supports the UAE's net-zero ambitions and EWEC’s target of generating over 50% of Abu Dhabi’s electricity from clean sources by 2030.
Read Less

• Power
• PPP

Qatar inaugurated the Ras Laffan and Mesaieed solar PV plants with a combined capacity of 875 MW, doubling its ..Read More

Qatar inaugurated the Ras Laffan and Mesaieed solar PV plants with a combined capacity of 875 MW, doubling its solar output to 1,675 MW. The plants are expected to reduce CO₂ emissions by 4.7 million tons annually and meet 15% of peak electricity demand, rising to 30% with the upcoming 2,000 MW Dukhan plant by 2029. The project supports QatarEnergy’s goal of 4,000 MW of renewables by 2030 and marks a shift toward using national expertise for solar initiatives.
Read Less

• Power

Majid Al Futtaim has awarded a AED 736 million contract to United Engineering Construction Company (UNEC) for ..Read More

Majid Al Futtaim has awarded a AED 736 million contract to United Engineering Construction Company (UNEC) for the construction of Plagette 32 and Amara, two luxury residential developments at Tilal Al Ghaf, Dubai. The contract covers 148 villas, a Beach Club, landscaping, and infrastructure works. Plagette 32 will offer Club Villas and Water Bungalows with beachfront living, while Amara will feature 116 eco-conscious twin villas centered around green spaces and water features.
Read Less

• Construction

Vallourec has secured a major contract worth over $130 million to supply advanced Oil Country Tubular Goods (O ..Read More

Vallourec has secured a major contract worth over $130 million to supply advanced Oil Country Tubular Goods (OCTG) to Kuwait Oil Company (KOC) for drilling operations in 2025 and 2026. The contract includes carbon steel OCTG with high-torque flush premium connections and proprietary steel grades, supporting Kuwait’s goal to raise oil production to 4 million barrels/day by 2035. Vallourec’s selection reflects its longstanding partnership and technical edge in both offshore and onshore projects.
Read Less

• Oil & Gas

Borouge Plc has announced strategic asset expansions to enhance its ethylene and polyethylene production capac ..Read More

Borouge Plc has announced strategic asset expansions to enhance its ethylene and polyethylene production capacity, adding between $165 million to $200 million in EBITDA annually. The expansions include a 15% capacity increase for its second ethane cracker (EU2), scheduled for completion in Q4 2028, and the expansion of polyethylene units PE4 and PE5 to 700,000 tpa by Q1 2027. These projects align with Borouge’s commitment to innovation and sustainable growth, further bolstering the UAE’s economy and ADNOC’s In-Country Value program. Borouge also plans to merge with Borealis and acquire Nova Chemicals, forming a $60 billion global leader in polyolefins.
Read Less

• Oil & Gas

Nama Power and Water Procurement Company (PWP), Oman’s sole power and water procurer, has invited bids for t ..Read More

Nama Power and Water Procurement Company (PWP), Oman’s sole power and water procurer, has invited bids for techno-economic consultancy services for a Hot Springs Geothermal Project. The project supports Oman Vision 2040, fuel diversification, and Net-Zero targets. The selected consultant will assess geothermal feasibility in areas between Wilayat Fanja and Al Ansab (Wilayat Bousher) as Phase I. Bid submissions are due by 22 May 2025.
Read Less

• Power