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Autoworld to set up Bajaj motorcycles distribution hub in DubaiAutoworld International FZCO, a leading regional distributor for India’s Bajaj Auto Limited, has announced plans to develop a new logistics and distribution hub in the Jebel Ali Free Zone (Jafza). The facility will enhance Autoworld’s ability More… |
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Prompt spreads to remain strong until Opec+ pony up the barrelsBrent spreads remain steady at approximately $1/bbl. Who knows where fair value is right now, particularly as the situation in the Middle East is still pretty precarious, said leading commodity market intelligence firm Sparta. But current OECD inventory levels More… |
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New Murabba signs up Korean group Naver for mega Saudi projectNew Murabba, a company of Saudi sovereign wealth fund PIF, has signed up South Korean tech giant Naver Cloud Corp for deployment of its innovative technology and automation at the 14-sq-km mixed-use urban destination development currently under construction in Riyadh, KSA. More… |
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Adnoc Drilling awards $800m hydraulic fracturing contractAdnoc Drilling Company has announced that one of its key units, Adnoc Onshore, has awarded a major contract worth $800 million for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs. This is its fifth major and accretive contract in just over 2 mon More… |
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Tabreed, CVC DIF to buy Abu Dhabi’s PAL Cooling from Multiply GroupTabreed, a leading district cooling company based in Abu Dhabi, has entered into a partnership with CVC DIF, a Dutch mid-market infrastructure equity fund manager, to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group, in a deal with an equity value of AED3.8 billion ($1.03 bil More… |
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ROSEN secures contract for major UK carbon capture projectROSEN (UK), leading providers of cutting-edge integrity solutions, has secured a major contract to provide design verification and subsea engineering support for one of the UK’s most significant carbon capture projects. This work is part of an initiative More… |
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Saudi Energy Minister, UNEP Chief sign emissions MoUMinister of Energy Prince Abdulaziz bin Salman bin Abdulaziz met n Riyadh with Inger Andersen, Executive Director of the United Nations Environment Programme (UNEP) and Under-Secretary-General of the United Nations. They discussed cooperation on climate action More… |
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Decline in value, volume of imported petroleum in Q1: EUIn the first quarter of 2025, the European Union (EU) imported €95.3 billion ($111 billion) worth of energy products, amounting to a total of 176.4 million tonnes. Compared with the first quarter of 2024, the value of imports increased slightly by 0.3%, while the volume decreased b More… |
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PRONUR teams with AstroLabs for energy solutions in KSAItaly-based PRONUR, a leading provider of engineering solutions in the energy sector, is entering Saudi Arabia to advance renewable energy solutions in the rapidly growing market. Established in 2021, PRONUR has a broad suite of services that meet the needs of More… |
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AMPO Poyam will supply valves for AdnocAMPO POYAM VALVES has been selected to supply highly engineered cryogenic valves for the Maximising Ethane Recovery and Monetisation (MERAM) project, one of Adnoc’s major strategic initiatives aimed at boosting the recovery of ethane from gas and enable its monetisation. &n More… |
