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 […]
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Posted inEPC Contractors List
Galfar
Galfar Engineering and Contracting Emirates recently awarded a contract for the procurement and construction of flowlines and wellhead installations for 51 wells in ADNOC Onshore’s oilfields at Shah, Qusahwira and Mender in Abu Dhabi. The scope of the project is to increase the crude oil production from the subject fields whilst ensuring timely delivery of […]
Posted inEPC Contractors List
Saipem
Saipem recently noted that as part of Total’s 26 April declaration of force majeure on the Mozambique LNG project, “evaluations are underway in close cooperation with the client to preserve the value of the project.” The company added that the project is part of Saipem’s backlog at a value of $4.85 billion, with approximately $1.7 […]
Posted inEPC Contractors List
Petropars
Iran’s Petropars is a new entry on our ranking, with major deals secured as Iran seeks to ramp up production. The National Iranian Oil Company in August 2020 signed 13 deals worth $1.8 billion with 14 firms to boost production capacity by 185,000 barrels of oil. 13 local companies, including Petropars, signed deals focusing on […]
Posted inEPC Contractors List
LTHE
The hydrocarbon unit of India’s Larsen & Toubro, LTHE, takes the top spot on our list thanks to a steady stream of projects mostly out of Saudi Arabia. The company reported turnover of $2.3 billion for the year ending March 2020, up from the previous year. LTHE’s key projects include Saudi Aramco’s Hasbah II Gas […]
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NPCC
The biggest news out of National Petroleum Construction Company this year was the completion of its combination with National Marine Dredging Company, creating a major regional EPC player under the UAE’s holding company ADQ. The merger was just completed in February 2021, so the combined entityhas yet to take major action in providing new services […]
Posted inExploration & Production
Upstream spending cut by $285 billion in two years
The sector will struggle to recover to pre-pandemic levels as it grapples with the pandemic
Posted inExploration & Production
How to make Biden’s climate plan work: Rystad
Rystad Energy models the most achievable recipe
Posted inExploration & Production
Industry collaboration creates new standard to drop methane emissions from LNG
The venture will see the development of a first-of-a-kind independent standard for determining the methane emissions of global LNG, providing buyers with the transparency they need to accurately assess and compare the methane emissions performance of every batch of LNG
Posted inExploration & Production
Colonial Pipeline attack will concentrate government and operators’ minds on the ransomware threat
GlobalData comments on the recent Colonial Pipeline attack and its future impact on government and energy operators