Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well as providing key upgrades to its key energy infrastructure.
The disruption to shipping through Strait of Hormuz is not just energy shock, but a whole economy story; and while direct damage to energy infrastructure exceeds $60 billion, lost revenue and trade loss will be above $150 billion, Crescent Petroleum CEO has said.
Swedish conglomerate Alfa Laval has appointed Alban Hohmann‑Schauly as its new Vice President of Energy unit for the Middle East, South & East Africa region. With over 16 years global experience in the energy and digital infrastructure, Alban has built a strong track record in market analysis and customer segmentation.
Venezuela will host its largest international energy investment summit from October 26–29 in Caracas, bringing together US, Venezuelan and international oil companies, investors, financiers and technical service providers to advance near-term investment opportunities across the country’s reopening energy sector.
Leading decision-makers, business leaders and construction industry experts will be in Abu Dhabi this week for the Forbes' Building the Future Summit 2026 where they will discuss the future of urban development and sustainable infrastructure across the Middle East and North Africa.
Opec’s World Oil Outlook 2026 projects global energy demand to rise 23 per cent by 2050, with oil reaching 124 mb/d. It highlights the need for diverse energy sources, expanded access, and sustained investment to balance growth, sustainability and affordability.
Wood has secured a five-year Long-Term Agreement with Aramco, extendable by three years, to provide engineering, design and project management services for oil, gas, refining, petrochemical and lower-carbon hydrogen projects in Saudi Arabia.
Global automation leader Emerson has announced it will co-develop next-generation corrosion management solutions for Aramco, one of the world’s leading integrated energy and chemicals companies.
Elsewedy Electric, a leading provider of energy and infrastructure solutions in EMEA region, said the group continues its efforts to empower Saudi women and actively engage them in the workplace. Its Saudi female employees currently represent 6.5% of the group’s total workforce in the kingdom.
King Salman Energy Park (SPARK) has signed an agreement with Pan Kingdom Real Estate to develop an integrated industrial complex comprising 168 ready-built industrial units across 214,000 sq m area within the mega development in the Eastern Province of Saudi Arabia.
