Middle East2 months agoKEPCO Wins $1.4-Billion power Project for $100-Billion Saudi Jafurah FieldSouth Korea’s state-run utility Korea Electric Power Corp. (KEPCO) has won a $1.4-billion deal with Saudi oil giant Aramco to…
Middle East2 months agoAnalysts Tell OPEC+ Hormuz Disruption Will Last Through Year EndOil industry experts have told OPEC+ that supply disruption caused by the closure of the Strait of Hormuz will persist…
Middle East2 months agoOil Surges Over 7% as Iran Halts US Peace Talks and Threatens Full Closure of the Strait of HormuzOil prices exploded higher Monday, with U.S. crude leaping more than 7% after Iran’s state-affiliated media reported that Tehran is…
Middle East2 months agoCeasefire Talks Trigger the Biggest Weekly Collapse in Brent Oil Price in Two MonthsBrent crude is heading for its biggest weekly drop in two months as markets bet on a 60-day ceasefire extension…
Middle East2 months agoIEA Forecasts a $3.4 Trillion Energy Investment BoomGlobal energy investment is set to jump to $3.4 trillion this year, the International Energy Agency said today, noting that…
Middle East2 months agoFirst Two LNG Carriers and a Supertanker Cross the Hormuz Since the Conflict BeganTwo liquefied natural gas carriers and a supertanker have traversed the Strait of Hormuz over the past couple of days,…
Middle East2 months agoWood Wins Offshore Pipeline and Umbilical Engineering Contract with COOEC for QatarEnergy’s Bul Hanine FieldUK engineering group Wood has been awarded a contract by China Offshore Oil Engineering Company (COOEC) to deliver a scope…
Middle East2 months agoWood Wins Detailed Design Contract for QatarEnergy’s $4bn Bul Hanine EPIC2 Subsea Pipeline NetworkWood has secured a contract from the China Offshore Oil Engineering Company (COOEC) to undertake detailed design work for QatarEnergy’s…
Middle East2 months agoSaudi Arabia Forced to Boost Fuel Oil Imports as Gas Output DipsSaudi Arabia is importing more fuel oil than before, to use in power generation as its natural gas production reverses…
Middle East2 months agoAbu Dhabi Investor Acquires Hornsea 3 StakeMubadala Investment Company has invested USD 325 million (approximately EUR 300 million) in the UK’s Hornsea 3 offshore wind farm,…
