Saudi Arabia's ACWA Power IPO-ACWA.SE and Japan's Mitsui & Co said on Monday they had won a contract from Oman's government to build and operate a $630 million, 445 megawatt natural gas-fired power plant
Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.
Leading players in the electricity, power generation, alternative energy, water technology, and lighting sectors will be showcasing their products and solutions at the upcoming Saudi Power 2015 expo in Riyadh.
Saudi Arabia's PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, has signed loans worth 19.4 billion riyals ($5.2 billion) for the expansion of its petrochemicals complex, it said on Tuesday.
The North Sea, which brought upheaval to global oil markets in the 1980s just as shale has in this decade, is desperately seeking tax relief in Wednesday’s British budget.
GE has announced $100 million in new programmes that will further the company’s localisation efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics.