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Proserv, Houston’s partner to expand subsea offeringProserv Controls, a global controls technology company with numerous sites across the Arabian Gulf, and Trendsetter Engineering, a premier provider of specialised subsea solutions for oil and gas companies, have signed a Memorandum of Understanding (MoU) for joint marketing and supply of inte More… |
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Proserv and Houston’s Trendsetter sign MoU to expand offeringLeading global controls technology company, Proserv Controls and Trendsetter Engineering, a specialised subsea solutions provider, have signed a deal relating to the joint marketing and supply of integrated subsea hardware and controls. The mutually beneficial More… |
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Lummus and Moscow refinery in deal for furnace supply in RussiaLummus Technology has been awarded a contract from the Gazpromneft Moscow Refinery for two fired heaters. The heaters will be installed at the refinery in Moscow, and are part of the plant's modernisation to improve operational efficiency and e More… |
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Aramco’s Wa’ed invests $5.06m in fintech startup LamaaWa’ed, Saudi Aramco’s entrepreneurship arm, has announced a SR19 million ($5.06 million) Pre-Series A investment co-led with Raed Ventures in Lamaa, a Saudi-based fintech startup. Lamaa provides financing solutions for small and medium enterprises (SMEs), including Supply Chain Fi More… |
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ExxonMobil to double earnings, cash flow and cut emissionsExxonMobil is positioning the company to double earnings and cash flow by 2027 versus 2019 while maintaining capital investments in the range of $20-$25 billion per year. It will increase spending to $15 billion on greenhouse gas emission-reduction projects ov More… |
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Saipem seals $750m EPC contract for Saudi gas projectSaipem, a leading engineering and construction company, has been awarded a $750 million contract by global energy giant Aramco for the Jafurah gas project in Saudi Arabia. The EPC (engineering, procurement, construction) contract includes the engineering, supp More… |
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Mammoet sees key role in European nuclear decommissioningWith the demand for decommissioning of ageing nuclear power plants in Europe increasing, Mammoet, a global market leader in engineered heavy lifting and transport, sees playing a key role in those projects. “As a global organisation, we have worked in al More… |
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Prysmian awarded a $1.94bn framework contract by TernaPrysmian Group, a world leader in energy and telecom cable systems, has been awarded a framework contract worth around €1.71 billion ($1.94 billion) by Terna Rete Italia, fully owned by Terna, the Italian electricity grid operator (TSO). The framewo More… |
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Al Masaood Group seals three deals with global companiesAl Masaood Group closed three separate major deals with leading global firms at the recently concluded Abu Dhabi International Petroleum Exhibition and Conference (Adipec), making the event’s 2021 edition its biggest and most successful participation yet. More… |
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47pc energy professionals in Middle East plan job switchAlmost half of all energy workers in the Middle East are considering leaving the energy industry within the next five years, according to a new research. Among workers in the Middle East the most common reason for planning to leave the sector was low salary, m More… |
