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Neosun Energy opens MENA office for solar solutionsNeosun Energy, a leading global developer of solar energy solutions, has announced the opening of a new regional office in Dubai, UAE, extending its global footprint to the MENA market, with plans to open new offices in Saudi Arabia and Oman soon. According to More… |
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New Plan Capital Survey for Abu Dhabi’s future developmentAbu Dhabi's Department of Municipalities and Transport (DMT) has announced the launch of the Plan Capital Survey under the theme “Shaping Tomorrow Together” as part of its commitment to creating one of the world's most liveable, competitive, and vibrant cities. More… |
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Acwa seals power purchase deal for largest wind farm in Central AsiaSaudi-based Acwa Power, a leading global utility project developer, has signed a power purchase agreement (PPA) with the National Electric Grid of Uzbekistan for Aral 5GW Wind Independent Power Producer (IPP) project in the Karakalpakstan region. Once completed, it will be the largest wind fa More… |
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Honeywell signs agreements to support Iraqi energy sectorHoneywell has entered several Memoranda of Understandings (MoUs) with the Iraqi government and private sector, helping to support the local infrastructure as it faces increasing demand for energy and electricity. These agreements allow Honeywell to explore str More… |
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QatarEnergy to acquire two new exploration blocks offshore EgyptQatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40 per cent participating interest in two exploration blocks offshore Egypt. Under the terms of the agreement, which is subject to customary approvals by the government of Egypt, QatarEner More… |
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Gulf Marine Services succeeds in reducing net debtGulf Marine Services (GMS), a leading provider of self-propelled and self-elevating support vessels, has reduced net debt further during the first quarter of the year to $256.4 million, with a net leverage ratio of 2.96 times. Net debt was $267.3 million at year end on December 31, 2023. More… |
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Sarens transports, installs 34 modules for Jafurah Gas PlantSarens, a leader in heavy lifting, engineered transport and crane rental, has been contracted for the transporting and installation of 34 modules, with a total weight of 18,535 tons, and transportation and lifting of 108 heavy items, with a total weight of 12,283 tons, for the Jafurah Gas Pla More… |
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Adnoc Drilling breaks records in Q1, new dividend policy unveiledAdnoc Drilling reported a record first quarter revenue of $886 million, a 24 per cent increase from the previous quarter, surpassing market expectations for the third consecutive quarter. The Offshore Jack-up and Oilfield Services (OFS) segments drove revenue More… |
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Adnoc Drilling lands $1.7bn unconventional energy dealAdnoc Drilling has been awarded, by Adnoc, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources. To service the contract, and explore the considerable future opportunities in unconvention More… |
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Strong partnerships to drive growth of South Sudan oil sectorHolding interest in all exploration and production assets in South Sudan, South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) holds eight joint ventures (JVs) with international partners. These partnerships are set to bring international exper More… |
