Oil and Gas
Saudi Arabia announces discovery of new gas fields
Saudi Aramco has discovered natural gas fields in four major areas around the Kingdom of Saudi Arabia as stated by Ministry of Energy. The four …
Month: February 2022
AMAALA
AMAALA Awards Contract for 20,000 employees accommodations
AMAALA, the ultra-luxury destination located along Saudi Arabia’s north-western coast, announced in a statement that it has signed a major contract for the infrastructure development …
Power
L&T submits lowest bid of $143.5m for Substation and OHTL
Saudi Electricity Company (SEC) received the bidders proposals for, Construction of Hail-4 380kV BSP and Construction of 380kV Overhead Transmission line for Taibah Power Plant. …
Petrochemical
UAE’s Borouge successfully starts up fifth Polypropylene unit
Borouge, a joint venture between ADNOC and Borealis that provides innovative, value-creating polyolefin solutions, has announced the successful start-up of its new fifth polypropylene unit …
Finance
ACWA Power led consortium achieves financial close for the US$1.59 billion Red Sea Project
A consortium led by ACWA Power, and composed of SPIC Huanghe Hydropower Development Company and Saudi Tabreed Cooling Company, has achieved financial close for the …
Construction
Saudi Arabia awards $746.6m region’s largest water theme park
Qiddiya Investment Company (QIC), Saudi Arabia announced in a statement regarding the award of a contract to build Saudi Arabia’s first and the region’s largest …
PPP
Rabigh 3 Independent Water Project Received Guinness World Record
SEPCO III, China announced in a statement that Saudi Arabia’s Rabigh Phase 3 Independent Water Project received the Guinness World Record Certificate. The Project achieved …
Oil and Gas
Saudi’s TAQA awarded $267m Integrated Fracturing Contract
TAQA Well Services LLC, Saudi Arabia a fully owned subsidiary of the Industrialization and Energy Services Company (TAQA) JSC, announced in a statement regarding the …
Finance
Saudi Aramco closes $15.5bn gas pipeline deal with global investor consortium
Saudi Arabian Oil Company (Saud Aramco) and an international investor consortium, led by affiliates of BlackRock and Hassana, announced the successful closing of the lease …
Power
LONGi Solar supplies 800MW of modules for the first solar power plant in Qatar
Located to the west of Doha over an area of 10 km2, the Al-Kharsaa project is the first solar power plant in Qatar, with a …