East Pipes Integrated Co. for Industry (SASE:1321) secured a contract from Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to manufacture and supply steel pipes.
The six-month contract is valued at over 771 million Saudi Riyals, the steel pipes manufacturer said Sunday.
TotalEnergies (TTE.PA, TTE.L) is under fire for allegedly failing to protect a subcontractor at its liquefied natural gas project in Mozambique, London's Financial Times reported Sunday.The backlash is related to a 2021 attack in the area by Islamist insurgents. The French energy company was accused of not providing enough security to its staff for the project, which led to casualties.TotalEnergies did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
TotalEnergies' (TTE.PA, TTE.L) TotalEnergies E&P New Ventures unit entered into an energy cooperation deal with oil and gas company Petróleos de Venezuela.Bloomberg said in a Sunday report, citing a government statement from Venezuela, that the memorandum of understanding will focus on energy projects.The agreement marks the French energy company's reentry into the Venezuelan market after it pulled out of its natural gas operations in the country.
Iran-aligned Houthis have struck a Yanbu-based facility of Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, on Sept. 19, Reuters reported on the same day.The Houthi group said in a statement that the attacks were made in retaliation for Saudi Arabia's own attack in Sanaa, Yemen.Aramco did not immediately respond to a request for comment from.