Energy, Oil & Gas

Acwa Power consortium signs $4.1bn Kuwait Az Azour IWPP project deal

Saudi utility giant Acwa Power has announced that its consortium has signed an energy conversion and water purchase agreement for Az Zour North Phase 2 and 3 IWPP in Kuwait. The key $4.1 billion project will be implemented on a build, operate and transfer (BOT) basis. ...

Energy, Oil & Gas

Kuwait to invite foreign firms to develop recent offshore discoveries

State-owned Kuwait Petroleum Corporation (KPC) plans to invite foreign companies to help develop recent offshore discoveries, as Kuwait looks to accelerate production and apply advanced technologies offshore, according to a Reuters report....

Energy, Oil & Gas

Kuwait scraps oil tenders worth $10bn after bids exceed budget

Kuwait has cancelled oil sector tenders worth nearly $10 billion after contractors submitted bids far above the government’s approved budget, in a move highlighting rising project costs and tighter fiscal discipline in the Gulf energy sector....

Energy, Oil & Gas

Kuwait awards $3.3bn construction contract for key sewage plant

Kuwait has awarded a major contract worth KD999.8 million ($3.3 billion) to China State Construction Engineering Corp for the construction of North Kabd sewage plant. The scope of work includes design and build as well as operation and maintenance services for over a 10-year period. ...

Energy, Oil & Gas

Acwa Power buys entire Engie stake in Kuwait's Az Zour utility project

Saudi utilities major Acwa Power has announced the completion of acquisition of French energy giant Engie’s stake in the Al Zour North One Power and Water Plant (Az-Zour North IWPP) in Kuwait. The gas-fired IWPP has a 1.5GW power generation capacity and a 107 MIGD desalination capacity. ...

Energy, Oil & Gas

Heisco lands Kuwait power plant maintenance contract

Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a major contract from Kuwait's Ministry of Electricity & Water & Renewable Energy for supply, commissioning and maintenance services related to the construction of lines feeding Al Khairan Power Plant. ...

Energy, Oil & Gas

Acwa Power snaps up Engie’s strategic GCC utility assets for $693m

Acwa Power, a global utility leader, said it has successfully completed the acquisition of French energy major Engie’s strategic gas-fired power generation and water desalination assets in Kuwait and Bahrain along with the related O&M companies for $693 million. ...

Energy, Oil & Gas

Action Energy Company completes listing on Boursa Kuwait

Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors. ...

Energy, Oil & Gas

Kuwait issues RFPs for 500MW renewable energy projects

The Kuwait Authority for Partnership Projects has issued Request for Proposals to qualified bidders for the development of Al Dibdibah Power and Al Shagaya Renewable Energy (Phase III – Zone 2) Solar PV IPP project with a total capacity of 500MW. ...

Energy, Oil & Gas

CGC lands $194m Kuwait Oil Company project contracts

Kuwait-based Combined Group Contracting (CGC) has announced that it has been awarded two key projects by Kuwait Oil Company (KOC) at its refinery facilities. Both the projects will be completed within a 30-month period. ...

Energy, Oil & Gas

L&T lands $140m Kuwait substation project contract

Indian construction and engineering conglomerate Larsen & Toubro (L&T) has secured a key contract from Kuwait's Public Authority for Housing Welfare (PAHW) to set up 132/11kV substations within South Sabah Al Ahmad residential development. ...

Energy, Oil & Gas

KBR selected to deliver detailed engineering design for Iraq gas project

KBR has been selected by ENKA İnşaat ve Sanayi A.Ş. (ENKA) to provide detailed engineering design services for the Associated Gas Upstreasm Project Phase 2 (AGUP2), as part of the Gas Growth Integrated Project (GGIP) operated by TotalEnergies alongside its partners BOC and Qatar Energy, in the Basra region of Iraq....