Lootah Biofuels, MOEI sign UAE biofuel acceleration MoUThe UAE's Ministry of Energy and Infrastructure (MOEI) and Lootah Biofuels, a leading circular economy pioneer producing biofuel from cooking oil in the UAE, have signed a Memorandum of Understanding to strengthen bilateral relations and promote collaboration in developing, promoting, and More… |
Aramco chief seeks energy transition reset, realistic pathWith the current transition strategy visibly failing on most fronts owing to its collision with five hard realities, the world needs a new, realistic pathway for the energy transition that includes oil and gas, said the top official of Saudi oil giant Aramco. More… |
TotalEnergies acquires US’ Talos Low Carbon SolutionsTotalEnergies has signed an agreement to acquire 100% of Talos Low Carbon Solutions (TLCS), an early-mover American company focused on carbon capture and storage. After completion of the transaction, TotalEnergies will own a 25% share in the Bayou Bend project More… |
Almar consortium breaks ground on major Aramco water plantSaudi-based Almar Water Solutions, a leading global water services provider, has joined hands with its consortium partners to break ground on the Zuluf Water Treatment Plant, a major project of global oil giant Aramco. It is the first outsourcing of a wa More… |
Adnoc signs second long-term agreement for Ruwais LNG projectAdnoc has signed a 15-year Heads of Agreement (LNG agreement) with SEFE Marketing & Trading Singapore, a subsidiary of Germany’s SEFE Securing Energy for Europe, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). More… |
Arabian Drilling posts all-time record revenue of $930m in 2023Arabian Drilling, a leading national onshore and offshore drilling contractor in Saudi Arabia, has posted an all-time high record revenue of SR987 million and SR3.48 billion ($930 million), for the Q4 2023 and full-year 2023 respectively. The More… |
Brent oil to stay above $80 barrel by year-end: BloombergBrent oil is expected to be above $80 a barrel at the end of 2024, the price Opec+ seems to be targeting as a floor, according to the majority (53 per cent) of respondents to Bloomberg Intelligence's February oil-price survey, with only 5 per cent seeing prices surpassing $100. More… |
L&T wins largest cross-country pipeline EPC project in MideastIndia's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its hydrocarbon vertical has secured a major onshore gas pipeline project - valued in the range of Rs50 billion to Rs100 billion ($603.5 million to $1.2 billion) - from a major More… |
Mitsubishi Power tops global gas turbine market in 2023Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries (MHI), captured the top market share by megawatts in 2023 with a global gas turbine market share of 36 per cent according to McCoy Power Reports data. The company has also secured a 56 pe More… |
Energy Capital Group acquires Aujan Industrial SolutionsSaudi Arabia-based investment group Energy Capital Group (ECG) has completed the acquisition of Aujan Industrial Solutions (AIS), a leading provider of solutions to the oil and gas, petrochemical, metals and mining and water markets with 30 years of experience and expertise. &nbs More… |