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Foster Wheeler

by Staff Writer

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 inPower List

GS Engineering & Construction

by Staff Writer

Board eyes Saudi move on sound profit In September 2010 the South Korean contractor won a $623 million pipeline contract from Takreer – a subsidiary of the Abu Dhabi National Oil Company – which involves over 900 km of pipes being laid over 45 months. GS has already acted on several projects for Takreer, including Ruwais Refinery, […]

Posted inLists, Power List

Kellogg Brown & Root

by Staff Writer

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

Petrojet

by Staff Writer

Egyptian co nets first major tender win in UAE Petrojet – which boasts its own football team in the Egyptian Premier League – break into Oil & Gas Middle East’s top division this year, as a result of its first contract win in the UAE. The firm has a track record with competitive tenders, previously low-bidding […]