Sunday 4 December 2022
 
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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

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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

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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

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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.   

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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.

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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

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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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Sabic eyes new oil-to-chemicals project in Saudi Arabia

Sabic, a global leader in diversified chemicals, is considering setting up a complex in Ras Al Khair region that will convert oil and liquids into petrochemicals.    The firm will be conducting a study in co-operation with Saudi Ministry of Energy and oil g

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Adnec opens region's largest specialised waterfront expo hall

Abu Dhabi National Exhibition Centre (Adnec) Group has announced the opening of its Marina Hall, the largest specialised waterfront exhibition hall in the Middle East and North Africa region, with an area of 10,000 sq m.   With the opening of the multi

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UAE to be a key player in low-carbon hydrogen by 2030: EIC

The UAE, which has six hydrogen projects under development worth a combined capital expenditure of about $1.66 billion, could be a key player and deliver 25% of the production of the global low-carbon hydrogen market by 2030.   This is according to the report, t

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