McDermott is expected to land a major offshore pipe and pipelaying contract from Qatargas for the massive North Field sustainability (NFPS) project, Upstream reported, citing multiple people with direct knowledge of the development. According to the report “McDermott has been chosen as the preferred contractor by the Qatari state giant for carrying out work on […]
Author Archives: Faiza Rizvi
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Six killed in Pakistan’s oil and gas plant attack
Islamist militants stormed natural gas and oil production facilities in northwest Pakistan on Tuesday, killing four police and two private guards, Reuters reported, citing police and the operator. The attack by up to 50 militants took place at facilities run by MOL Pakistan Oil and Gas Company, a unit of Hungary’s MOL, in Hangu district […]
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BP awards multi-million contract for subsea well development project
BP has awarded a multi-million subsea riser contract to UK-based Aquaterra Energy, a leader in global offshore engineering solutions, for a subsea well development project located in Trinidad and Tobago. According to the contract, Aquaterra Energy will provide a complete end-to-end managed service as a fully independent riser system and connector OEM. The contract will […]
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UAE 2023 economic growth to suffer due to oil output decline: Report
The UAE’s economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand, a new report from GlobalData shows. The real GDP of the UAE is forecast to expand at a slower […]
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Aramco awards $480 million contract for steel pipes supply
Saudi-headquartered East Pipes Integrated Co has landed a contract worth over $480 million from Saudi Aramco to manufacture and supply steel pipes for its key projects in the kingdom. The entire contract work will be completed within a 12-month period, East Pipes said in its filing to the Saudi bourse Tadawul. Founded in 2010 in […]
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NEOM JV signs deals for $8.4 billion green hydrogen facility
Saudi Arabia’s NEOM Green Hydrogen Co (NGHC), a joint venture between ACWA Power, Air Products and NEOM, has secured a financial close on a green hydrogen production facility at a total investment value of $8.4 billion. The financing agreements were signed with 23 local, regional, and international banks, and investment firms, the JV said in […]
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ADNOC Offshore awards major contract for asset repair
ADNOC Offshore awarded a significant contract to UK-based ICR Integrity (ICR), a global provider of specialist repair, inspection and integrity solutions. ICR and its UAE partner Advanced Petro Services (APS) will deliver the 5-year composite repair project for all ADNOC Offshore assets, ICR said in a press statement. The statement didn’t disclose the contract value but […]
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Qatar’s $30 billion LNG megaproject on track to complete construction by 2027
The main contractors of Qatargas’ massive North Field Expansion (NFE) project Technip Energies and Chiyoda are progressing construction activities and are expected to complete the project by 2027, according to data from DMS Projects. The $30 billion development project involves four liquefaction mega-trains at 8 (million tons per annum) mtpa each, resulting in 32 mtpa […]
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L&T secures major contracts in Saudi Arabia
Indian EPC giant Larsen & Toubro (L&T) has recently secured EPC orders in Saudi Arabia, the company announced in a press release today. L&T’s power transmission and distribution (PT&D) Business has secured two orders to establish 380kV overhead power transmission lines connecting prominent cities situated on the Red Sea coast. These systems will strengthen projects […]
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UAE mourns death of royal family member
The UAE is mourning the death of a member of the royal family. The Royal Court of Ras Al Khaimah announced the death of Sheikh Mohammed bin Omar bin Saqr Al Qasimi. Sheikh Mohammed was the son of Sheikh Omar bin Saqr Al Qasimi, and a member of the royal family of Ras Al Khaimah. UAE Sheikh […]
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