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GE Vernova Secures Order for Five 7H-Class Gas Turbines from Técnicas Reunidas and Orascom Construction

GE Vernova has announced that it has secured an order for five 7H-Class gas turbines - three 7HA.03 and two 7HA.02 units from Técnicas Reunidas and Orascom Construction (TR & ORASCOM CONSTRUCTION). The two companies have signed, under a 50-50 joint venture, the Engineering, Procurement and Construction (EPC) contract for Qurayyah Independent Power Plant (IPP)…

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Wood Secures $100 Million of Awards to Reduce Gas Flaring in Iraq

Wood has secured a series of decarbonisation contracts worth $100 million to deliver flare gas reduction and carbon efficiency solutions across Iraq’s largest oil fields. Under these contracts, Wood will provide brownfield engineering, procurement and construction (EPC), and modification services to improve operational efficiency and reduce environmental impact—supporting Iraq’s target to cut gas flaring by…

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ADNOC Drilling Wins $1.15 Billion Contract for Two Jack-Up Rigs

ADNOC Drilling Company PJSC has announced that the award of a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations. The contract will follow existing agreements, bringing accretive rates that generate long-term revenue and attractive returns.. Abdulrahman Abdulla Al Seiari, ADNOC Drilling CEO, said: “This new contract…

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Kent and NESMA JV Win Major Aramco Contract for Energy Infrastructure in Saudi Arabia

NesmaKent Energy Company (NKJV), a pioneering joint venture between Nesma & Partners (N&P) and Kent, has signed a strategic contract with Aramco to lead the commencement of phase one of the National EPC Champion Initiative. This milestone marks the commencement of the first Project Management Consultancy (PMC) contract, reinforcing NesmaKent’s role as a key partner in…

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Daewoo E&C Wins $784 Million Fertilizer Plant Contract in Turkmenistan

Daewoo E&C announced that it had signed a contract with Turkmenhimiya, the state chemical corporation of Turkmenistan, to build a $784 million (approximately KRW 1.081 trillion) phosphate fertilizer plant in the eastern city of Turkmenabat. Daewoo E&C President Kim Bo-hyun personally attended the ceremony, highlighting the project’s significance. This contract follows Daewoo E&C's selection as the…

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Worley to Lead Engineering for DFS of AbraSilver’s Diablillos Silver Project in Argentina

Worley has been selected by AbraSilver Resource Corp. to lead engineering for the Definitive Feasibility Study (DFS) of the Diablillos silver-gold project in Salta and Catamarca Provinces, Argentina. The study will incorporate the updated Mineral Reserve Estimates and assess various opportunities in mine planning, infrastructure, power supply and key capital components. Worley expects to deliver the…

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Wood to Deliver Engineering Design for Package 5 of ADNOC Offshore’s Lower Zakum Phase 1 Project

Wood has been awarded a contract to deliver the detailed engineering design for ‘Package 5’ of ADNOC Offshore’s Lower Zakum Long-Term Development Phase 1 (LTDP1) project, located on Das Island in the United Arab Emirates (UAE). The contract was secured from Target Engineering Construction Company (Target Engineering), the appointed Engineering, Procurement and Construction (EPC)…

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Aramco Signs $90B in MoUs with US Companies

Aramco has announced the signing of 34 Memoranda of Understanding (MoUs) and agreements, with a potential total value of approximately $90 billion, with major US companies, through its Aramco Group Companies. The MoUs and agreements cover collaborations and partnerships relating to a range of Aramco’s activities, including Liquefied Natural Gas (LNG), fuels, chemicals, emission-reduction technologies, Artificial…

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