KBR will initially sign a three-year agreement with scope of extension
Search results
Posted inNews
Samsung Engineering posts $1.9 billion record revenue amid stable overseas contracts
Samsung Engineering, one of the world’s leading engineering, procurement, construction, and project management companies announced today that it recorded $1.9 billion revenue in the first quarter of 2023. The company claims that it continued to create solid results based on stable performance, such as in major overseas projects in Mexico, Malaysia, and Saudi Arabia, but also simultaneously […]
Posted inDownstream
ADNOC’s Borouge 2 plant ready for next operating cycle
Borouge, a joint venture between ADNOC and Austrian chemical giant Borealis, has completed a turnaround project at its second plant in Al Ruways Industrial City to ensure safe and reliable operating of the facility for the next operation cycle. Production started at Borouge’s first plant (Borouge 1) in 2001 with an annual capacity of 450,000 […]
Posted inNews
Angry shareholders slam BP’s climate plans
Energy giant BP on Thursday faced heavy criticism from shareholders over its decision to slow its energy transition, with activist investors promising to block the re-election of the head of the board of directors. Some of Britain’s biggest pension funds have warned that they will oppose the renewal of Helge Lund’s mandate at the annual […]
Posted inNews
Malaysian contractor lands $50 million contract for Qatar’s giant gas field
Malaysia’s Ranhill Utilities has confirmed that its joint venture with global engineering major Worley has been awarded an engineering contract for work on giant offshore compression facilities for Qatar’s North Field Production Sustainability (NFPS) project. The contract worth approximately $50 million from a subsidiary of Italy’s Saipem includes engineering design work, which is expected to […]
Posted inNews
L&T secures major EPC contract for UAE substation
Indian construction and engineering giant Larsen & Toubro (L&T) announced on Tuesday that its construction division has secured engineering, procurement and construction (EPC) order from the UAE for grid infrastructure projects. The company said in a press statement that in the UAE, L&T Construction’s Power Transmission & Distribution (PT&D) business won an order to supply, […]
Posted inNews
Rockwell Automation to develop robotic fleet for TotalEnergies
Rockwell Automation announced that it is working with TotalEnergies to implement a robot fleet management system, driving autonomous operations for its offshore platforms. The long-running project will reach a significant milestone with its first test on an offshore asset scheduled for mid-2023. Autonomous operations have long been an aspiration for the oil and gas sector because of the […]
Posted inNews
Iraq to begin construction of three refineriesÂ
Iraq’s Ministry of Oil has initiated the tendering process for the construction of three refineries as Public-Private Partnership projects. The three projects are as follows: The price at which crude oil will be supplied to the refinery investor will be based on the international prices for one barrel of crude oil delivered in port of […]
Posted inBusiness
Saudi Aramco, Sabic ship low-carbon Ammonia to Japan
The ammonia is categorised as low-carbon because CO2 from the associated manufacturing process was captured and utilised in downstream applications
Posted inExploration & Production
Oman eyes significant production increase from offshore Block 50
Operator of offshore Block 50 Masirah Oil Ltd says it is pressing ahead with a strategy to ramp up output from the field during 2023. Block 50, covering an area of approximately 17,000 sq km, located in Oman’s Gulf of Masirah, is 100 per cent owned by Masirah Oil Limited. Buoying hopes for an uptick […]