ADNOC Drilling Co today reported record breaking net profits totaling $802 million, up 33% year-on-year. Additionally, the company secured over $10 billion of contract backlog during the period, ADNOC Drilling’s CEO Abdulrahman Abdulla Al Seiari noted. The company also achieved record revenue during the fourth quarter of 2022, while its fleet expansion program delivered the […]
contracts
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Kuwait awards $77.5 million contract for pipeline construction
Kuwait’s state-owned Kuwait Oil Co (KOC) has awarded a $77.5 million contract for a project involving the construction of pipelines at two of its Northern oilfields, Arabic language daily Al-Anba reported, quoting KOC sources. The scope of work includes building pipelines and proving associated services for the Northern oilfields of Um Niqa and South Retqa, […]
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Top 5 oil and gas contracts in the Middle East: January 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
Posted inExploration & Production
NPCC, Saipem secure $60 million pre-construction award from ADNOC
National Petroleum Construction Co (NPCC) and its joint venture partners Saipem and China Petroleum Engineering and Construction Corp have secured a $60 million contract for the pre-construction works related to the offshore facilities of the Hail and Ghasha gas development project. The contract covers the early project activities such as initial detailed engineering and procurement […]
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ADNOC awards $80 million contract for Hail and Ghasha gas development
A JV composed of Tecnimont, Technip Energies, and Samsung Engineering has secured the contract
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Saudi Arabia signs $11.4 billion industrial project contracts in Yanbu and Jubail
Saudi Arabia’s Royal Commission for Jubail and Yanbu has signed five agreements worth more than $11.4 billion for the establishment of key industrial projects in the Saudi cities of Ras Al Khair and Yanbu. The deals were signed on the sidelines of the International Mining Conference held at the King Abdulaziz International Conference Center in […]
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Gas Arabian Services wins $37.2 million contract for Aramco’s Zuluf field
GAS Arabian Services Co has secured a $37.2 million contract from JGC Arabia Limited for Saudi Aramco’s Zuluf Onshore oil facilities project. Scope of work includes pre-assembly of steel structure, steel structure erection, equipment installation, piping, painting and MCS MP support services. Following the expansion, Zuluf will boost its production capacity from 800,000 barrels per […]
Posted inExploration & Production
Aramco awards $173 million contract to Arabian Drilling
Arabian Drilling is the largest drilling rig contractor in the Kingdom in terms of the fleet size
Posted inDownstream
Sinopec Engineering negotiating $3 billion contract for Zarqa refinery expansion
The expansion will expand Zarqa refinery’s capacity to 150,000 barrels per day
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Samsung Engineering JV secures EPC contract for Qatar’s Ras Laffan project
Once completed, the ethylene plant will be one of the largest in the world by capacity
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