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Ades lands 10-year renewal contracts from Aramco for two onshore rigs
The renewal contracts are worth SAR 946 mn
AIIB provisionally agrees to extend wind farm financing for Acwa Power
AAIB will extend credit to finance the development of the Kungrad 1, 2, and 3 wind farms in Uzbekistan
PIF plans USD multi-bn green hydrogen investment
The new firm, Energy Solutions, is expected be formally announced as early as this month
Acwa + Sumitomo to develop 2.5 GW worth of renewables in Uzbekistan
Sumitomo will jointly develop the renewables and BESS projects
Elsewedy Electric partners with Siemens to develop USD 800 mn power plant in Rabigh
The plant is expected to be fully completed by the end of 2026
Aramco awards Saipem another USD 2 bn EPC contract
Saipem will leverage Saudi-based resources to meet the contract
Acwa Power + Hassan Allam eye c.USD 900 mn for Gulf of Suez farm by 2024-end
The consortium signed a 25-year land usufruct agreement for the wind farm in January
Aramco deepens ties with China’s Rongsheng + Hengli refiners
The state-owned oil giant inked agreements bringing it closer to a JV with Rongsheng and a 10% stake acquisition in…
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