The oil price may have fallen back below the $50 barrel mark again this week, but that didn’t stop a number of new contracts being announced.
Here’s a rundown of the most eye-catching deals from the last seven days.
• Abu Dhabi hands out EPC contracts worth $1.6bn
• ADNOC signs $500mn deal with Oxy
• ABB wins FLNG supply contract worth $50mn
• Saipem wins Kashagan field contract
• Petrofac bags contracts with Algeria’s Sonatrach
• GE and KOC to develop joint research projects
• QAFCO and GE sign long term deal
• MENA region to invest $755bn in energy projects
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