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.
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• Construction

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.
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• Oil & Gas

Combined Group Contracting (CGC) Company Emirates L.L.C., a Kuwait-based subsidiary, has emerged as the lowest ..Read More

Combined Group Contracting (CGC) Company Emirates L.L.C., a Kuwait-based subsidiary, has emerged as the lowest bidder for an internal road works project in Wadi Al Amardi, Dubai, UAE, with a bid of AED 104.4 million. The tender was issued by Dubai’s Road & Transport Authority (RTA), and the project duration is 426 days. This follows a $43 million contract awarded to the company in the UAE in January 2025.
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• Construction

SLB has secured multiple significant contracts in the Middle East, including a corporate purchase agreement wi ..Read More

SLB has secured multiple significant contracts in the Middle East, including a corporate purchase agreement with Aramco for drilling fluid chemicals in Saudi Arabia, a joint electric completions campaign with ADNOC in the UAE, and a natural gas discovery in Egypt with ExxonMobil. In Kuwait, SLB is supporting KOC’s Integrated Digital Field project and deploying Hi-Ex™ cement technology to boost production in the Burgan Field. Additionally, SLB is partnering with Shell for Petrel™ software deployment and Dragon Oil for AI-driven optimization.
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• Oil & Gas

NMDC Energy PJSC has extended its Long-Term Agreement (LTA) with Aramco, continuing its strategic growth in Sa ..Read More

NMDC Energy PJSC has extended its Long-Term Agreement (LTA) with Aramco, continuing its strategic growth in Saudi Arabia. The LTA covers engineering, procurement, fabrication, installation, and pre-commissioning of offshore facilities in Saudi territorial waters. This extension follows NMDC Energy’s 2016 LTA and the inauguration of an advanced fabrication yard in Ras Al Khair, Saudi Arabia, in early 2025.
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• Oil & Gas

Weatherford International has signed a strategic MOU with AIQ, an Abu Dhabi-based AI company, to integrate Wea ..Read More

Weatherford International has signed a strategic MOU with AIQ, an Abu Dhabi-based AI company, to integrate Weatherford’s software and hardware solutions with AIQ’s AI-driven systems. The partnership aims to enhance energy production efficiency by combining automation, data-driven insights, and AI technology. Key offerings include the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad for optimized workflows, reduced downtime, and cost savings in oil and gas operations.
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• Oil & Gas

Cummins Arabia and Cummins Middle East launched the new Battery Energy Storage Systems (BESS) in Dubai, showca ..Read More

Cummins Arabia and Cummins Middle East launched the new Battery Energy Storage Systems (BESS) in Dubai, showcasing the product’s potential to support energy transition and power resilience across the Middle East. The launch event, attended by key industry players, highlighted BESS’s benefits in peak shaving, backup power, and grid stability with a reduced environmental footprint. The product is designed to address the UAE's growing need for renewable integration and reliable backup, and Cummins Arabia’s robust support network will drive its adoption across diverse sectors in the region.
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• Power

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