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Following Saudi Aramco’s new strategy for oil and gas brownfield development and plant upgrade projects, the Saudi energy giant signed long-term agreements with eight companies for a six-year period, with the option to extend the agreement for a further six years. Hyundai Engineering was among the eight chose contractors, and the scope of the LTAs […]

This South Korean shipbuilder, which has an office in Dubai, in April 2021 won an order for three LNG carriers, with delivery slated for July 2024, for approximately $190 million per vessel. The company’s backlog is around 26 vessel as of the end of February this year. The company recently announced that it would launch […]

Bonatti Group celebrated 500,000 man-hours worked without incidents at the West Qurna 2 field in Iraq during its operation and maintenance contract for Lukoil, which includes planning, maintenance, and inspection of the CPF, well pads, water intake and power station (126 MW). It also achieved the same milestone at the MLN field in Algeria, as […]

JGC Corporation signed an agreement with with the Iraqi Ministry of Oil in October 2020 for the Basrah Refinery Upgrading Project. The upgrade will install a fluid catalytic cracking unit, vacuum distillation unit, and diesel desulfurization unit on land adjacent to the existing refinery. Although Iraq is currently one of the world’s leading oil-producing countries, […]

China Petroleum Engineering & Construction (CPECC) submitted a bid for ADNOC’s $15 billion Hail and Ghasha offshore sour gas field development project in February, specifically for Package 2, worth $2 billion. Rumors have surfaced since last year that Chinese producers are looking to acquire ExxonMobil’s 32.7% stake in Iraq’s West Qurna 1 field, CPECC is […]

KBR was nominated for the 2020 edition of the Middle East Energy Awards, co-hosted by Oil & Gas Middle East, being highly commended for technology provider of the year thanks to its propane dehydrogenation technology K-PRO. The company has established a goal of net-zero carbon emissions by 2030, linking environmental, social and governance goals to […]

Subsea 7 has navigated the pandemic relatively smoothly. Its backlog of work has grown by 20% in the past year to $6.2 billion despite the turbulence of the COVID-19 pandemic, which it attributes to the growing offshore renewables market and a “focus on parts of the oil and gas market with advantaged economics.” John Evans, […]

Kentech is another new joiner on our list, thanks to the Dubai-based company’s agreement to acquire SNC-Lavalin’s oil and natural gas services business for an undisclosed amount. The sale is set to close in Q2 2021, creating a company with a $1.1 billion project backlog. The company could face an initial public offering in the […]

Lamprell won its second award from Saudi Aramco under its long-term agreement, with an EPCI contract  for the supply and installation of three drilling jackets and two new single well observation jackets/decks, scheduled for completion in 2022. Christopher McDonald, CEO, Lamprell, said: “This further serves to reinforce the evolution of our strategy across the oil […]

Penspen secured a $2.4 million contract for the Haliba oil field in Abu Dhabi in November 2020, to implement tie-in work at the main field and peripheral prospects, which will include work on 75 wells, part of its several ongoing projects working with ADNOC Group. The company also won a detailed engineering project award from […]