Energy Capital Group (ECG), a Saudi Arabia-based investment company, has announced the first close of its US$150mn fund that looks to create and develop national leaders in energy and energy-related technologies, in line with Saudi’s Vision 2030 and Aramco’s IKTVA programme
Industry
ABB and Samsung Engineering to collaborate on gas analysers
ABB has signed an agreement with Samsung Engineering in Saudi Arabia to collaborate on engineering and procurement activities in Saudi Arabia and provide complete analytics solutions to the Saudi oil and gas market
Triple gate valve triumph for Oliver Valvetek
The subsea oil and gas industry has been rapidly developing new technology to allow the development of ‘challenging fields’
ADNOC and Tabreed collaborate on geothermal project
ADNOC and the National Central Cooling Company PJSC (Tabreed), have announced a collaboration on a geothermal energy project which will decarbonise the cooling of buildings at Masdar City, Abu Dhabi
Middle East contracts boost overall oil and gas contract value in Q2 2023
Qatar’s North Field LNG project and Saudi Aramco’s petrochemicals joint venture with TotalEnergies were instrumental in boosting overall oil and gas contract value by 60% in Q2 2023, according to new research from GlobalData