Saudi Aramco to sell Vela marine unit for $1.3 billion to Saudi Bahri
State oil giant Saudi Aramco has signed an agreement to sell its Vela marine unit to Saudi National Shipping Co...
Energy
Cameron awarded $100 million contract in Iraq
Cameron International Corp. (NYSE: CAM) was awarded a three year, $100 million supply contract by the Rumaila Operating Organization in...
SR 516 million water and electricity projects signed
The Minister of Water and Electricity, Eng. Abdullah bin Abdulrahman Al-Hossein, has signed a number of contracts to implement several...
Iraq picks Petrofac for $95million SPM Contract
Reuters reports that Petrofac has won a $95 million contract to carry out maintenance work for Iraq’s new offshore terminals...
Jordan to start importing LNG from Qatar by 2014
Jordan plans to import liquefied natural gas (LNG) from Qatar by 2014 to reduce rising energy costs. The government will...
Iraq awards $843 million power contract to Weatherford
Iraq awarded an $843 million contract to Weatherford International Ltd. (WFT) to install six power generation plants at the Zubair...
Pilot floating wind power project seeks EU funds
Investors in the world's first floating wind turbine are seeking European Union funding to build five more off the coast...
Saudi oil earnings up to US$311b in 2011
The US Energy Information Agency (EIA) announced that amongst OPEC's 12-nations, Saudi was the largest earner in 2011, with USD311...
Iraq and Jordan eye natural gas pipeline
The Iraqi and Jordanian governments plan to meet in July to discuss construction of a natural gas pipeline, officials in...
Waste water recycling projects in Jordan
Jordan and Germany signed a 23.5 million-euro soft-loan agreement to finance key projects in the Kingdom's water sector. The funds,...
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