Wood has secured a new contract from Binh Son Refining (BSR) to provide Project Management Consultancy (PMC) services for the $1.5 billion upgrade and expansion of Vietnam’s Dung Quat Refinery.
The International Energy Agency (IEA) has warned that escalating conflict in the Middle East is increasing risks to global energy security, with threats to the Strait of Hormuz and Bab el-Mandeb Strait fuelling uncertainty over global oil and natural gas supplies.
Iraqi Oil Minister Bassem Mohammed Khudair said the value of the energy-sector contracts and agreements signed in Washington during during Prime Minister Ali Al-Zaidi's visit to the United States amounted to around $200 billion.
Oil prices climbed for a second straight session on Wednesday, with Brent crude rising above $92 a barrel, as investors weighed the risk of widening supply disruptions from the escalating Middle East conflict.
US-based Fluor Corporation has announced that it has been awarded a major front-end engineering and design (FEED) contract by Gulf Petrochemical Industries Company (GPIC) for a new aromatics facility located in the Kingdom of Bahrain as part of an expansion of its existing petrochemical complex.
Twma, a global provider of drilling waste management solutions, has secured a three-year contract extension with a major operator in Egypt, following the completion of an initial three-year agreement.
Nigeria has launched its 2026 oil and gas licensing round, opening commercial bidding for 50 exploration blocks as Africa’s largest oil producer seeks to attract more than $10 billion in new investment and expand production.
A&O Shearman, a leading law firm, has advised Abu Dhabi Future Energy Company (Masdar) on a combined $6.1 billion financing package for a landmark solar-plus-storage project in Abu Dhabi.
Sabic has signed a Memorandum of Understanding (MoU) with CEER, Saudi Arabia’s first electric vehicle (EV) brand and original equipment manufacturer, to explore collaboration opportunities in advanced materials and solutions for EV development and manufacturing.
In a swift overhaul of the cabinet following the resignation of Keir Starmer, newly appointed Prime Minister of the UK, Andy Burnham, has named Miatta Fahnbulleh as the new Secretary of State for Energy Security and Net Zero.
