Under pressure from the Kingdom to help boost the private sector’s contribution to Saudi Arabia’s GDP to 65% by 2030, Aramco secures a cash payout of $12.4 billion in one of the world’s largest energy infrastructure deals ever. The US Army Corps of Engineers deferred any decision to shut the line back to the district court. Forecasters are predicting the sixth ‘above-average’ Atlantic storm season in a row. • Medhat (Med) Kamal is the nominee for 2023 SPE President. He and six others make up the new slate of nominees recommended for positions open on the SPE Board of Directors. • The Sakaka solar plant, the country’s first large-scale renewable-energy project, is planned as the first of eight such projects. • Success at the Fuling gas field in southwestern China will play a major role in the country's energy agenda. • The Japanese contractor received word in early April it would be temporarily banned from new competitive bidding. • The honorees will be recognized later this year at the OTC Distinguished Achievement Awards Luncheon. • Duo launches center of excellence aimed at promoting and expanding nonmetallic materials’ role in construction. Project and Market Trends • Supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn, and just as the industry could finally hope for better days, the COVID-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low of$446 billion.