KBR wins predictive maintenance services deal from Petro RabighKBR has secured a five-year asset condition monitoring programme contract from Rabigh Refining & Petrochemical Company (Petro Rabigh) to deploy predictive maintenance services at its plant in Rabigh, Saudi Arabia. The programme will optimise asset li More… |
Tadano delivers 7 truck cranes to Galfar Al Misnad for QatarTadano has announced the delivery of seven truck cranes to Galfar Al Misnad Engineering and Contracting WLL in Qatar through Tadano’s exclusive distributor, M/s Qatar Tractor & Equipment Co. This significant procurement includes one Tadano GT-3 More… |
Adnoc’s Belbazem offshore block starts oil productionAdnoc has announced the start of crude oil production from its Belbazem offshore block. The Belbazem offshore block is operated by Al Yasat Petroleum, a joint venture between Adnoc and China National Petroleum Corporation (CNPC). Adnoc’s innovative appro More… |
Renewable power capacity additions hit 473 GW in 2023Global renewable power capacity additions clocked 473 gigawatts (GW) in 2023 reaching a record total of 3,870 GW, as renewables accounted for 86% of the new capacity with growth unevenly distributed across the world. This is according to the International Rene More… |
Offshore floating solar pilot receives BV certificationBureau Veritas (BV), a global leader in testing, inspection, and certification (TIC), has awarded the Dutch-Norwegian renewable energy firm SolarDuck the world’s first Prototype Certification for a floating offshore solar technology. The technology is ap More… |
ADIB leads closure of $235m syndicated transactionAbu Dhabi Islamic Bank (ADIB) has announced the successful closure of a sharia compliant syndicated transaction worth AED865 million ($235 million) for BGN and Al Seer Marine to finance new and energy-efficient gas carriers. This financing marks the seco More… |
Nabors wins four-rig contract from Sonatrach in AlgeriaNabors, a leading provider of advanced technology for the energy industry, was recently awarded a four-rig contract by Sonatrach Division Forage in Algeria and has started operations in the first quarter of 2024. This agreement not only strengthens More… |
TotalEnergies, Sinopec partner to produce sustainable jet fuelTotalEnergies and China Petroleum and Chemical Corporation (Sinopec) have signed a heads of agreement (HoA) to jointly develop a sustainable aviation fuel (SAF) production unit at a Sinopec's refinery in China. The planned unit, jointly owned by Sinopec an More… |
KSA ITFC signs $1.4bn energy financing plan with BangladeshThe Saudi Arabia's International Islamic Trade Finance Corporation (ITFC), which is a member of the Islamic Development Bank (IsDB) Group, has signed a $1.4 billion financing plan with the Government of Bangladesh, reported SPA. This financing plan will en More… |
Aramco CEO eyes stronger Chinese collaborationAramco President & CEO Amin Nasser has outlined the potential for stronger collaboration with Chinese partners in his speech at the China Development Forum in Beijing, reported SPA. Nasser underscored the possibility of fostering broader economic globalisa More… |