Saudi Arabia-based ACWA Power is set to launch a new company to capitalize on the rapidly growing market potential for renewable energy in emerging markets. The newly established company named Acwa Power RenewCo.
French Total signed memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to develop a major offshore gas field under a 20-year contract worth $4.8b.
State Bahrain Petroleum Company (Bapco), Tatweer Petroleum, and the Italian Giant Eni have signed four agreements in order to study and assess the potential of some exploration and production assets in the Bahrain.
BP and Oman Oil Company Exploration and Production signed an agreement with the government of the Sultanate of Oman amending the Oman Block 61 exploration and production sharing agreement (EPSA) to extend the license ...
The Industrial Development and Renovation Organization of Iran (IDRO) has signed a memorandum of understanding (MoU) with Finland's Wärtsilä on the development of decentralized power generation in Iran.
During the third quarter of 2016, Kuwait awarded a total of $12b worth of contracts, 42% of which are in the country's oil and gas sector at about $4.8b in investments.
Sonatrach awarded the China Petroleum Engineering and Construction Corporation (CPECC) a $410m contract to renovate and upgrade an oil refinery near the capital, Algiers.