Saudi Downtown Company, a unit of sovereign wealth fund PIF, has signed up Al Ajimi Contracting to build a substation as well as associated electrical infrastructure at its premium mixed-use development - Al Khobar Downtown - coming up in the kingdom’s Eastern Province.
Maire’s Tecnimont has won a contract to develop Argentina’s largest urea facility at Bahía Blanca, featuring ammonia and ultra-low energy urea plants with 2.1 million tonnes annual capacity and advanced technology from Nextchem.
Wood has secured a new contract from Binh Son Refining (BSR) to provide Project Management Consultancy (PMC) services for the $1.5 billion upgrade and expansion of Vietnam’s Dung Quat Refinery.
The International Energy Agency (IEA) has warned that escalating conflict in the Middle East is increasing risks to global energy security, with threats to the Strait of Hormuz and Bab el-Mandeb Strait fuelling uncertainty over global oil and natural gas supplies.
Iraqi Oil Minister Bassem Mohammed Khudair said the value of the energy-sector contracts and agreements signed in Washington during during Prime Minister Ali Al-Zaidi's visit to the United States amounted to around $200 billion.
Oil prices climbed for a second straight session on Wednesday, with Brent crude rising above $92 a barrel, as investors weighed the risk of widening supply disruptions from the escalating Middle East conflict.
US-based Fluor Corporation has announced that it has been awarded a major front-end engineering and design (FEED) contract by Gulf Petrochemical Industries Company (GPIC) for a new aromatics facility located in the Kingdom of Bahrain as part of an expansion of its existing petrochemical complex.
Twma, a global provider of drilling waste management solutions, has secured a three-year contract extension with a major operator in Egypt, following the completion of an initial three-year agreement.
Nigeria has launched its 2026 oil and gas licensing round, opening commercial bidding for 50 exploration blocks as Africa’s largest oil producer seeks to attract more than $10 billion in new investment and expand production.
A&O Shearman, a leading law firm, has advised Abu Dhabi Future Energy Company (Masdar) on a combined $6.1 billion financing package for a landmark solar-plus-storage project in Abu Dhabi.
