{"id":234,"date":"2026-09-17T12:32:03","date_gmt":"2026-09-17T12:32:03","guid":{"rendered":"https:\/\/www.petrosouk.com\/?page_id=234"},"modified":"2026-09-20T14:20:12","modified_gmt":"2026-09-20T14:20:12","slug":"news","status":"publish","type":"page","link":"https:\/\/www.petrosouk.com\/news\/","title":{"rendered":"News"},"content":{"rendered":"\n\n\n\n\nLatest Market News\n<p style=\"text-align: center;\"><span style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-size: small;\">We share important news and updates in oil &amp; gas industry.<\/span><br><\/p>\n\n\n<p style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><strong>September 14, 2026<\/strong><\/p><p style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Samsung E&amp;A has secured a $3.5 billion EPC contract for the SAN-7 fertilizer project in Saudi Arabia from SABIC Agri-Nutrients. Scheduled for completion in 2030, the project will be executed by Samsung E&amp;A at Jubail Industrial City. The facility will produce 3,500 tons of ammonia and 7,700 tons of urea fertilizer using natural gas, with urea production intended for export. It will feature a Post-Combustion Carbon Capture system, using carbon dioxide from ammonia production for urea synthesis to reduce emissions and improve efficiency. The project strengthens Samsung E&amp;A\u2019s position in Saudi Arabia, where it has completed 30 projects since 2003.<\/p>\n\n\n<p style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><strong>August 24, 2026<\/strong><\/p><p style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">L&amp;T Energy Hydrocarbon Onshore (LTEH Onshore) has signed a contract for a major gas compression facilities project in the Middle East following a letter of award issued in FY26. The EPC project includes gas inlet facilities, compression systems, condensate and produced water handling, propane refrigeration, utilities, and infrastructure for new onshore sour gas processing installations. To support power requirements, L&amp;T\u2019s Power Transmission &amp; Distribution business will construct two 230 kV extra-high-voltage substations. The project strengthens L&amp;T\u2019s capabilities in integrated hydrocarbon solutions and sour gas applications. LTEH Onshore has extensive experience delivering refineries, petrochemical complexes, gas plants, LNG terminals, and pipelines.<\/p>\n\n\n<p><font color=\"#000000\" size=\"3\"><span style=\"caret-color: rgb(0, 0, 0);\"><strong>August 4, 2026<\/strong><\/span><\/font><\/p><p><span style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-size: medium;\">L&amp;T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra-mega order from ADNOC Offshore for a major offshore development project in the Middle East. The project will be executed through a consortium, with LTEH Offshore serving as the lead partner and undertaking the majority of the EPCIC scope, including engineering, procurement, construction, installation, commissioning, and brownfield upgrades. Significant fabrication work will be carried out at L&amp;T\u2019s advanced fabrication yards, supported by its integrated EPCIC capabilities and marine fleet. With over four decades of offshore experience, LTEH Offshore has delivered fixed platforms, subsea pipelines, structures, upgrades, and decommissioning projects across global markets, reinforcing L&amp;T\u2019s strong position in offshore energy infrastructure.<\/span><br><\/p>\n\n\n\n\n\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"class_list":["post-234","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.petrosouk.com\/wp-json\/wp\/v2\/pages\/234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.petrosouk.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.petrosouk.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.petrosouk.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.petrosouk.com\/wp-json\/wp\/v2\/comments?post=234"}],"version-history":[{"count":31,"href":"https:\/\/www.petrosouk.com\/wp-json\/wp\/v2\/pages\/234\/revisions"}],"predecessor-version":[{"id":511,"href":"https:\/\/www.petrosouk.com\/wp-json\/wp\/v2\/pages\/234\/revisions\/511"}],"wp:attachment":[{"href":"https:\/\/www.petrosouk.com\/wp-json\/wp\/v2\/media?parent=234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}