In 2021, Wood secured $580 million worth of contracts in the Middle East
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Petrofac’s EPC work on schedule for Tatweer’s gas facility
The EPC work for the non-associated gas long-term field development (LTFD) operated by Bahrain’s Tatweer Petroleum is progressing as per plan and is expected to meet the scheduled completion date by 2023, data by DMS Projects shows. In June 2020, Petrofac’s Engineering & Production Services division (EPS) was awarded a multi-million dollar engineering, procurement, construction, […]
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Dana Gas profits soar to $161 million
Dana Gas, the Middle East’s largest regional private sector natural gas company, has posted net profit increase of 64% to $161 million compared to the same period last year. The gains in Dana Gas’s profitability in the first nine months of the year were driven by higher realised prices, prudent cost control and strong operational […]
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Oil prices “flirting with $100” could be dangerous for world economies, IEA chief says
Analysts say oil prices could return to above $100 per barrel again, sooner than expected
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L&T, Petrofac in advanced stages of construction for $200 million project
According to data from DMS Projects, the engineering work for the project has been fully completed
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Eid holidays: UAE to enjoy 4-day long weekend
In 2023, Ramadan is expected to begin on March 23, which is subject to change based on relevant moon sightings
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