News follows stellar 2010 results from the Kuwaiti E & P independent
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Posted inProducts & Services
Petrofac announces new CFO, preliminary financials
First half 2011 orders total $2.1 billion, backlog at $11.4 billion
Posted inProducts & Services
Kuwait Energy announces maiden dividend
End of 2010 report records massive 291% net profit increase over 2009
Posted inNews
IEA may put oil stocks on market to reduce prices
Release intended to reduce oil prices, not deal with supply shortage
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
Mott MacDonald
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 […]
Posted inPower List
Foster Wheeler
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 […]
Posted inLists, Power List
Kellogg Brown & Root
Egypt, KSA strong for KBR 2010 was a banner year for KBR’s downstream business, as downstream revenue almst doubled it’s contribution to the company’s income over 2009. The Houston firm completed the world-beating Saudi Kayane ethylene plant, which has a capacity of 1.35 million tons per year. In August KBR won its second contract from BP, […]
Posted inLists, Power List
MIS
Record EPC strength in year before Lamprell acquisition MIS is best-known for its jackup build and refurbishment business, though its EPC capabilities have seen it grow that segment of its business from 7% of its revenue 2009 to 11% in 2010. Though the majority of that work is in the Northern Emirates and parts of Dubai,and […]
Posted inLists, Power List
Black Cat Engineering & Construction
Oil field projects at Dukhan keep Black Cat in big leagues Qatar’s home-grown Black Cat Engineering and Construction (BCEC) goes from strength to strength, positioning itself to capture much of the high-end EPC and subcontractor work in the Gulf state and beyond in the coming months and years. The company has ambitions to expand its reach, […]