Monday 18 December 2017
 
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Petrofac wins $160m Iraq project contract

Leading global oil services company Petrofac said its engineering unit has won a $160-million contract from the Basra Oil Company (BOC), formerly known as the South Oil Company, based in southern Iraq. The contract, awarded to Petrofac’s Engineering and Production Services

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LS HongQi seals $53m Kuwait cable supply deal

LS HongQi Cable & System, the Korean manufacturing unit of LS C&S in China, said it has been awarded a 58 billion won ($53 million) contract by Kuwait's Ministry of Water for the supply of ultra-high-voltage underground cable.   It is the first ultra-high-voltage

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SNC-Lavalin, Aramco sign deal on in-kingdom opportunities

SNC-Lavalin and Saudi Aramco today signed a memorandum of understanding (MoU) signalling SNC-Lavalin's continued commitment to creating and accelerating opportunities for local work forces in Saudi Arabia.    The MoU supports Saudi Aramco's In-Kingd

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Siemens launches new pipelines solution

Siemens has launched Pipelines 4.0, an integrated approach to the engineering, supply and life cycle optimisation of pipeline assets, tailored to meet the evolving needs of North American operators.    The solution combines equipment and turnkey packages fo

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Aramco offers $16bn projects for SMEs

Over 140 investment opportunities valued at over $16 billion across Saudi Arabia's energy sector were presented at Saudi Aramco's annual flagship localisation event, the iktva SMEs Forum and Exhibition 2017.   In welcome remarks before an audience of ove

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Sabic, Guangzhou development zone extend tie-up

Saudi Arabia’s Sabic, a global leader in diversified chemical companies, has signed an agreement on further cooperation with the Administration Committee of Guangzhou Nansha Development Zone. Xie Ming, deputy director general of Administration Committee of Guangzhou Nansha

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Adnoc Distribution shares start trading on Abu Dhabi exchange

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) successfully listed its shares on the Abu Dhabi Securities Exchange (ADX) today following a bell ringing ceremony led by Dr Sultan Ahmed Al Jaber, UAE Minister of State and Adnoc Group CEO and Hamad Al Shamsi, Chairman of th

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Galfar secures $15m Oman LPG project work

Galfar Engineering and Contracting Company said it has secured a subcontract worth $15 million for an engineering, procurement and construction package from UK oil services firm Petrofac at Salalah in Oman. The Salalah LPG project will be completed in 17 months, stated the compan

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Petrofac wins $800m BP Oman gas project contract

British oilfield services firm Petrofac has been awarded a lump-sum contract worth $800 million by BP for the development of a central processing facility (CPF) at the Khazzan Phase Two (Ghazeer) gas project in Oman.   BP Oman is lead partner in the Khazzan project with a 60

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New oil minister named in Kuwait cabinet revamp

The Kuwait's Ruler swore in a new government on Monday, appointing new oil, finance and defence ministers, said a report. The move comes weeks after the previous government, which had been formed a year ago, resigned following a dispute with members of parliament who filed a

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