Saudi Aramco, the world’s largest energy company, is contemplating a potential bid for lubricant assets being sold by BP Plc. This move aligns with the Middle Eastern company’s strategy to enhance its presence in oil-consuming countries, according to sources familiar with the matter. Aramco is evaluating whether to bid for part or all of the...
Larsen & Toubro (L&T), an Indian engineering and construction conglomerate, has announced that its subsidiary, L&T Energy Hydrocarbon (LTEH), has secured a significant contract worth $1.5 billion from Saudi Aramco. This contract involves providing essential engineering, procurement, and construction (EPC) services for the first phase of Aramco’s ambitious Carbon Capture & Storage (CCS) hub in...