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Home2022

Year: 2022

NEOM

NEOM invests $175m in Volocopter to Accelerate Electric Urban Air Mobility

November 3, 2022 Mohammad S
NEOM, the smart and sustainable regional development in northwest Saudi Arabia, has announced a USD 175 million Series E investment in Volocopter, the pioneer of …
Press Releases

ACCIONA Introduces Cutting-Edge Construction Materials in its Works to Cut emissions by 36%

November 3, 2022 Mohammad S
ACCIONA will reduce by 36% the carbon footprint generated by two construction projects—a public school in Torrevieja (Alicante) and a submarine dock in the Naval …
Power

ASX EV Solutions Signs a contract with Benzene Petrol Stations to operate EV Charging station

November 3, 2022 Mohammad S
Al Sharif X for Electric Vehicle Chargeing Solutions signed a long-term contract with Benzene Petrol Stations Company Limited, to operate electric vehicles chargerIng stations in …
Oil and Gas

ADNOC Drilling Confirms $1.6bn Integrated Drilling Fluids Services Award

November 2, 2022 Mohammad S
ADNOC Drilling Company PJSC, UAE confirmed the award of a five-year framework agreement valued at up to $1.6 billion for integrated drilling fluids services (“IDFS”) …
Oil and Gas

Saudi Aramco and IBM aim to establish an Innovation Hub in Saudi Arabia

November 2, 2022 Mohammad S
Saudi Aramco and IBM announced preliminary plans for a strategic collaboration to establish an Innovation Hub in Riyadh, Saudi Arabia. The collaboration aims to support …
Power

ARA Petroleum and HELIOVIS Signed agreement for world’s first solar-thermally powered, zero emission desalination plant

November 1, 2022 Mohammad S
HELIOVIS, Austria and ARA Petroleum, Oman announced today that they have signed a commercial contract to provide the world’s first solar-thermally powered, zero emission desalination …
Construction

Oman Signed Agreement to Conduct Feasibility Study on Establishing Industrial Complex

November 1, 2022 Mohammad S
The Ministry of Commerce, Industry and Investment Promotion, Oman signed a memorandum of cooperation (MoC) with Vale Company to conduct a feasibility study on developing …
Oil and Gas

UAE’s ADNOC awards $4bn Contracts to ADNOC Drilling, Schlumberger and Halliburton

November 1, 2022 Mohammad S
Abu Dhabi National Oil Company (ADNOC) announced today, the award of three framework agreements valued at $4 billion (AED14.68 billion) for integrated drilling fluids services …
Power

ACWA Power Signs agreement for 110MW floating Solar PV Projects in Indonesia

November 1, 2022 Mohammad S
ACWA Power Company, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants, today announced that PT Perusahaan Listrik …
Oil and Gas

QatarEnergy announces hydrocarbon discovery in Brazil’s Sépia Field

October 31, 2022 Mohammad S
QatarEnergy announced an oil discovery in the 4-BRSA-1386D-RJS well in Brazil’s world class Sépia oil field, which is located in the prolific Santos Basin in …

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Finance

Saudi Arabia’s Dammam ISTP reaches financial closing

June 2, 2020
Saudi Water Partnership Company (SWPC) and the consortium led by the Metito Group comprising the companies; “Metito”, “Mowah”, and “Orascom Construction” announces the successful financial …
Construction

Oman invites bid for Dual Carriageway Road of NR 32 Phase 2 at Duqm

August 12, 2020
Special Economic Authority of DUQM, Oman invites the bid for Construction of Dual Carriageway Road for NR 32 Phase 2 at Duqm. The project location …
Oil and Gas

Saipem awarded $1.9 billion offshore contracts

November 29, 2023
Saipem has been awarded two offshore contracts, one in Guyana and the other in Brazil, worth approximately 1.9 billion USD. The first contract has been …
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