Fitch said in a statement that lower oil prices are causing a ‘marked deterioration’ in Bahrain’s fiscal position
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Posted inProducts & Services
Permasense ties up with STARC for Mideast growth
The Saudi Trading and Research Company Ltd or STARC will operate as Permasense’s exclusive representative in Saudi Arabia
Posted inProducts & Services
LUX Assure secures $3.2mn investment
Funding will be provided by a group of international oil companies and financial institutions, including ConnocoPhillips, Statoil and the Scottish Investment Bank
Posted inProducts & Services
Exclusive cover interview: Firmly in command
His time as the CEO of Dana Gas hasn’t exactly been a joy ride so far, but seasoned energy professional Dr Patrick Allman-Ward has been a steadying hand in controlling the Sharjah-based company’s operations at home and abroad
Posted inPower List
Larsen & Toubro (L&T)
Progressing up the list this year to bag the second spot is Indian construction giant Larsen & Toubro (L&T). The company, in a consortium with Singapore-based Emas AMC, recently won a massive EPC contract worth more than $1bn from Saudi Aramco for the expansion of the offshore Hasbah sour gas field. Work on the expansion […]
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Saipem
The Italian construction firm announced that it won offshore EPCI projects worth $680mn in Q4 of last year. Italy’s Saipem has secured the fourth spot in the EPC contractors rankings. In Q4 2015, the company announced that it had won offshore EPCI projects worth $680mn from Saudi Aramco and Italy’s Eni. The Saudi Aramco contract […]
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Galfar
Oman’s Galfar Engineering has rocketed up from number 22 last year to sixth in this year’s list, by virtue of its nearly $300mn contract win from Petroleum Development Oman (PDO) for the Yibal Khuff project southwest of Muscat. The contract will see Galfar build a new central processing facility at the field. Galfar has been […]
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NPCC
The UAE’s National Petroleum Construction Company (NPCC) has made it into the top 10 EPC contractors due to its regional ambitions and focus on midstream contracts. NPCC has been chosen as a contractor for the Saudi-Bahrain pipeline project, due to be completed by next year. Along with its Saudi subsidiary, NPCC was selected to build […]
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McDermott
McDermott International has won a large contract from an upstream oil and gas operator for a project offshore in the Middle East. The scope includes engineering, procurement, fabrication, transportation and installation of offshore pipelines. Engineering and offshore mobilisation of McDermott’s in-house vessels has commenced for this assignment, with project completion expected by the end of […]
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Mott MacDonald
British construction major Mott MacDonald appeared to consolidate its grip on the regional oil and gas market when it signed a collaboration agreement with engineering, procurement, construction and project management company China Petroleum Engineering (CPE) last year. Under the agreement, CPE and Mott MacDonald will pursue opportunities including pipelines, storage, liquefied natural gas and loading […]