India’s top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that its Power Transmission and Distribution business has secured multiple EPC orders in the current quarter to build transmission lines and substations in Saudi Arabia. The contract, which is in the range of $121.4 million to $303.6 million, will see L&T undertake engineering, […]
Exploration & Production
Posted inExploration & Production
QatarEnergy selects US major ConocoPhillips as third international partner for giant LNG project
QatarEnergy has selected ConocoPhillips as its third and final international partner in the North Field South (NFS) expansion project, which comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA). Earlier this month, the state-owned company announced partnerships with Shell and TotalEnergies. The partnership agreement was signed today by […]
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Posted inExploration & Production
Saipem, KCA Deutag close first phase of $550 million acquisition
KCA Deutag has announced the completion of the largest phase of Saipem onshore drilling business acquisition announced earlier this year. This first phase encompasses Saudi Arabia, UAE and Africa, with Kuwait expected to follow later in Q4 2022. The acquisition of the Latin America business together with the rigs in Romania and Kazakhstan will complete […]
Posted inExploration & Production
China’s COSL secures $1.9 billion offshore contracts from Middle East company
China Oilfield Services Ltd (COSL) has has signed several long-term drilling rig service contracts with a “first-class international oil company in the Middle East,” with a total contract amount of approximately $1.9 billion, the company said. The contract marks “deepening cooperation between the company and international oil companies in various fields of oilfield exploration and […]
Posted inExploration & Production
India’s Reliance Industries to restructure EPC business
The realigned EPC resources will further strengthen the company’s EPC delivery capabilities, the firm said
Posted inExploration & Production
QatarEnergy announces Shell as partner for giant LNG project
Last month, QatarEnergy selected TotalEnergies as the first international partner in the NFS expansion project
Posted inEarnings
Abu Dhabi’s NMDC reports significant profit growth in 2022
The net profit of the National Marine Dredging Company Group (NMDC) grew 40.3% during the first nine months of 2022 to AED703 million, from AED501 million during the same period in 2021, WAM reported Oct 21. The positive results showcase the NMDC’s success in implementing its geographical expansion strategy, diversifying into new business verticals, and […]
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