Thursday 25 April 2024

Technip Energies wins EPC contract for big Oman LNG project

Technip Energies, a leading engineering and technology company for the energy transition, has announced that it has secured a substantial contract from global oil major TotalEnergies and Omani group OQ for the Marsa LNG integrated complex in Sohar, Oman.  


Vallourec inaugurates new tubular management yard for Aramco

Vallourec has opened its new Tubular Management Services (TMS) Yard in Dammam, Saudi Arabia, exclusively for Aramco. The yard is part of a 10-year agreement between the two companies, which was established in 2022.   The agreement covers the supply of casing and


Mitsubishi seals major Kuwait power station contract

Mitsubishi Power, a key brand of Japanese group Mitsubishi Heavy Industries (MHI), has announced that its consortium with Korea's Heavy Engineering Industries and Shipbuilding Company (Heisco) has clinched a landmark contract from the Kuwait Ministry of Electricity & Water &


TotalEnergies to acquire 50pc of SapuraOMV in Malaysia

TotalEnergies has signed an agreement with Sapura Upstream Assets (SUA) to acquire its 50 per cent interest in Malaysian independent gas producer and operator SapuraOMV Upstream (SapuraOMV) for a consideration of $530 million, subject to closing adjustments. Closing is expected in the second


Acwa Power, Socar partner for Azerbaijan's renewable energy growth

Saudi-listed Acwa Power and Azerbaijan's State Oil Company, Socar, have signed a Cooperation Agreement to accelerate renewable energy projects in the country.   The initial agreement, signed on February 2, 2023, is a significant step towards a sustainable fu


Aramco in talks to buy 10% stake in China's Hengli Petrochemical

Aramco, one of the world’s leading integrated energy and chemicals companies, has entered into discussions with China's Hengli Group regarding the potential acquisition of a 10% stake in Hengli Petrochemical, subject to due diligence and required regulatory clearances. 


Oman's OPES paves way for exchange of ideas and innovations

Oman Petroleum & Energy Show (OPES) 2024 officially commenced on Monday (April 22) with an impressive line-up of over 300 participating companies from 24 countries, setting the stage for a dynamic exchange of ideas and innovations.   The event, at the O


KBR's phenol technology selected by Sabic Fujian Petrochemicals

KBR has been awarded a contract by Sabic Fujian Petrochemicals to license KBR's market-leading phenol technology in China.   Under the terms of the contract, KBR will provide technology licensing and proprietary engineering design for a 250 KTA phenol plant


Oman LNG, TotalEnergies finalise Marsa LNG project, offtake deal

Oman LNG and TotalEnergies have announced the Final Investment Decision (FID) for the Marsa LNG project and signed a Sale and Purchase Agreement (SPA) with Oman LNG to offtake 0.8 Mtpa of LNG for ten years from 2025.   Also, TotalEnergies (49 per cent)


Adnoc settles exchangeable bonds for $1.195bn in cash

Abu Dhabi National Oil Company (Adnoc) announced that it intends to settle, via a cash payment, its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (Adnoc Distribution), which bear a coupon of 0.70 per cent, upon maturi

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