Friday 15 December 2017

CB&I wins Saudi Aramco Shell refinery deal

CB&I, a leading global player in the technology and infrastructure services sector, has announced it has been awarded a contract worth more than $95 million by Saudi Aramco Shell Refinery (Sasref). Sasref is a joint venture between two of the biggest oil and gas companies in the wo


Oil supply disruptions possible in 2018: Barclays

It has been relatively smooth sailing for global energy markets in 2017, with supply disruptions at a historical low, but that might change in 2018, said British bank Barclays in its latest energy report.  The discovery of a crack in an onshore portion of the Forties Pipelin


Iran, Russia sign two deals to expand gas sector

Iran’s Oil Ministry has signed two agreements with Russia’s Gazprom aimed at expanding cooperation in the gas industry and LNG production, a media report said. The agreements were by Iranian Oil Minister Bijan Namdar Zanganeh and Gazprom CEO Alexei Miller in T


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


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


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


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


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


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


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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