Search results

EPC colossus continues regional domination after scooping big ticket Middle East contracts and a $3.4 billion mega-deal in Turkmenistan Last year’s table-toppers Petrofac stay at number one in this year’s Oil & Gas Middle East Top 25 EPC Contractors Special Report on the back of $6 billion of new orders in 2010 in its Engineering & Construction […]

Saipem raked in $5 billion worth of KSA project work in 2010, as well as winning key partner status in the Shah Field Development in Abu Dhbai  40 000-strong remote and deepwater specialist Saipem had another excellent year in key Middle East markets. In March this year the firm was awarded new E&C Offshore contracts worth […]

NPCC eyeing expansion in India and West African markets National Petroleum Construction Company, a government-owned EPC specialist, has had a remarkable year, netting record profit of $249 million in the financial year 2010, up almost 40% on 2009. According to Hussain Jessem Al Nuwais, Chairman of NPCC, a consultancy firm is currently carrying out a business […]

French firm wins diverse mix of upstream and downstream contracts The French subsea specialist has been operating tin the region since 1970, and won several engineering contracts in petrochemical, refining and fertiliser sectors in the Middle East in 2010. New orders in 2010 included a $400 million offshore development contract from Khafji Joint Operations – the […]

Global contractor eyes Iraq expansion Mott MacDonald have had a great year in 2010, netting upstream energy contracts with a total capital cost of $8.8 billion. The 14,000-strong global firm has built on a strong presence in the UAE with expansion into Iraq and the wider Middle East. Mott MacDonald’s regional strength continues, with projects […]

Another record year for South Korean firm After a stint in bankruptcy and seven years in a debt rehabilitation program, the company has bounced back and emerged as one of South Korea’s largest construction and civil engineering companies. After a record year for sales (9,278.6 billion KRW, $8.5 billion, up 27.6%) and net earnings (455.8 billion […]

This Spanish-based general contractor has had a stellar year, building an increasing portfolio in the Middle East off the back of its first major project in the region, won from ADNOC in in 2009. At the end of December 2010, the backlog of Tecnicas Reunidas (TR) stood at €5,73 billion ($8.1 billion), a growth rate of 19% […]

New orders from Iraq and Egypt US EPC giant Foster Wheeler is still living in the shadow of its 2009 results, posting first quarter earnings per share of $0.18 for the first quarter of 2011 against $0.56 at the same time in 2010. Interim CEO Umberto della Sala expects the comany’s books for 2011 to show […]

Contract wins from Saudi California-based firm is one of the largest technical services companies in the world, boasting 160 offices in more than 20 countries. Overall 2010 proved a tougher year for Jacobs, as revenue fell 13.2% to $9.9 billion and net income fell 38.7% to $245 million (from $11.4 billion and $400 million respectively in 2009). However, the […]

Offshore work sees Middle East generate a chunk of $2 billion revenues In 2010 the Houston-based firm span off its U.S.-based government contracting services company Babcock & Wilcox and its related other domestic companies, to zero in on oil & gas services. To reflect this change, the firm changed its name from J Ray McDermott. McDermott has benefitted from […]