Energy, Oil & Gas

L&T inks EPC framework deal with Petroleum Development Oman

India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that one of its key subsidiaries - L&T Energy Hydrocarbon Onshore - has signed a six-year engineering, procurement and construction (EPC) framework agreement with Petroleum Development Oman (PDO), thus strengthening the long-standing partnership between the two companies. ...

Energy, Oil & Gas

Fluor snaps up long-term PMC agreement from Aramco

Fluor Corporation, a leading provider of engineering, procurement, construction and maintenance services, has announced that it has been selected by Saudi oil giant Aramco as a programme management consultancy (PMC) contractor to support its global capital projects portfolio. ...

Energy, Oil & Gas

Oil prices decline 4.8% after US-Iran deal

Oil prices fell in Asia on Monday after the US and Iran announced an agreement that is expected to reopen the key Strait of Hormuz shipping route....

Energy, Oil & Gas

Saudi Energy seals $3.1bn power purchase deal for Rabigh 2 project

Saudi Energy said it has signed a SAR11.5 billion ($3.1 billion) agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 IPP project located in Makkah province, which on completion will boast a large-scale CCGT power plant with 2,313.5 MW generation capacity. ...