Lamprell Expands Role in UAE Offshore Energy Projects Lamprell has been appointed as part of a consortium with Larsen & Toubro (L&T) for a major offshore engineering, procurement, construction and installation (EPCI) project in the UAE, adding a new project to the company’s growing portfolio in the regional energy sector.Under the consortium agreement, Lamprell will be responsible for the EPCI scope related to the project’s subsea pipeline, while the wider development includes multiple offshore facilities and upgrades to existing infrastructure.The announcement comes as demand continues for large-scale engineering and infrastructure services supporting offshore oil and gas developments in the region.…
Author: Taim
Baku, Azerbaijan: XRG, the international energy investment company backed by ADNOC, has approved the final investment decision (FID) for the next phase of development of the Absheron offshore gas and condensate field in Azerbaijan, where it holds a 30% stake.Located in the Caspian Sea, the next phase is expected to unlock up to 5 trillion cubic feet of recoverable gas resources, with production targeted to begin in 2029. Gas and condensate production targeted for 2029 According to XRG, production from the project is expected to reach up to 600 million cubic feet of gas per day, alongside up to 47,000…
Building Adaptive Economies In your view, what does it truly mean to build an “adaptive economy” today, especially in a world shaped by rapid technological change, shifting investment flows, and evolving social priorities?In Sharjah, we see an adaptive economy as one that has the confidence and capacity to respond to change while continuing to create opportunities for people. That requires strong institutions, forward-looking policies, economic diversification and an openness to innovation. It also requires continuous investment in people, because technology, capital and emerging industries can create lasting value only when societies have the knowledge and skills to make the most of…