Tenth anniversary in region celebrated with Aramco project delivery
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Posted inNews
Saudi sidesteps Iran to strike India crude deal
Deal for 400,000 bpd of oil, equal to 12% of India’s total demand
Posted inNews
IEA and OPEC remain divided over future oil demand
Producer and consumer bodies 1.3 million bpd apart on Q3 oil demand
Posted inNews
UK Treasury sweetens bitter North Sea oil tax hike
Move follows criticism that UK Treasury is “killing the industry”
Posted inProducts & Services
Petrofac scoops $90 million O&M Iraq deal
One year contract will net $63 million for the EPC giant
Posted inNews
IEA may put oil stocks on market to reduce prices
Release intended to reduce oil prices, not deal with supply shortage
Posted inProducts & Services
Eni rebuffs Iraq corruption probe
Investigation relates to Iraq and Kuwait oilfield contracts
Posted inPower List
Petrofac
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 […]
Posted inPower List
Saipem
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 […]
Posted inPower List
Technip
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 […]