Wednesday 30 November 2022

Acwa, Saudi PIF unit to build region's largest solar PV plant

Saudi-based Acwa Power today (November 30) signed an agreement with Water and Electricity Holding Company (Badeel), a wholly-owned unit of the kingdom's sovereign wealth fund PIF (Public Investment Fund), to develop a 2,060 MW solar photovoltaic (PV) plant at Al Shuaibah in Makkah provinc


Aramco completes three stake purchase deals with PKN Orlen

The Saudi Arabian Oil Company (Aramco), one of the world’s leading integrated energy and chemicals companies, has successfully closed three landmark transactions with Polish refiner and fuel retailer PKN Orlen, through its subsidiary Aramco Overseas Company BV, based in the Netherlands.


Omnix signs digitalisation, safety deal with viAct

Omnix, an end-to-end digital solutions pioneer, has signed a deal with viAct, a leading ESG-focused AI firm, to foster digitalisation and boost safety in the Architecture, Engineering and Construction (AEC) and Oil and Gas Industry.    According to the agre


Viking announces major contract wins in Mena region

Viking Completion Technology (Viking), a leading provider of upper completion equipment to the oil and gas industry, has announced multiple contract wins worth more than $7 million.    The projects will see Viking deliver its full portfolio of well completi


CNPC’s Venture KLD and PIF-backed eWTP Arabia Capital tie up

Kunlun Digital Technology Co, backed by the China National Petroleum Corporation, and eWTP Arabia Capital, a venture fund backed by marquee investors including Saudi Arabia’s PIF,  have signed a memorandum on cooperation (MoC).     The two e


Egypt's LNG exports to top 8m tonnes in 2022, says minister

Egyptian exports of liquefied natural gas (LNG) will exceed eight million tonnes in 2022, up 14% over last year, said the country's oil minister, adding that of this 90% will be destined for European Union countries.   "We have to take into account the


Dewa's power transmission project spend hits $2.7bn in 3 years

Dubai Electricity and Water Authority (Dewa) has spent around AED10 billion ($2.72 billion) on its electricity transmission projects between 2021 and 2024. This included AED2 billion for 400 kV projects and the rest for 132 kV projects, said its top official.   


Aramco unit Luberef set for key IPO; wins nod for Saudi listing

Saudi oil giant Aramco has announced that its base oil subsidiary, Luberef, has won approval from the kingdom’s stock market regulator, Capital Market Authority (CMA), to launch its an initial public offering (IPO) and list its shares on the main market of the Saudi Stock Exchange.


Penspen launches new energy transition consultancy

Global energy services company Penspen has announced the launch of its dedicated energy transition consultancy – a multi-disciplinary centre of expertise to lead the international energy industry on the pathway to net zero emissions.   The consultancy brin


Dewa’s water reservoir in Hatta over 75pc complete

Dubai Electricity and Water Authority (Dewa) has announced that more than 75% of the work has been completed on its Hatta Water Reservoir project and is due for completion in April.    Being built at a cost of AED86 million ($23.4 million), the Hatta projec

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