Saipem has been awarded two new offshore contracts worth $850 million, one for Engineering, Procurement, Construction and Installation (EPCI) project in the Black Sea and the other for decommissioning activities in the North Sea. The first contract has been awarded by Turkish Petroleum OTC for the second phase of Sakarya FEED and EPCI Project and […]
EPC
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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 […]
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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, […]
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Saipem awarded $650 million offshore contracts
Saipem has been awarded three new offshore contracts and two FEED contracts worth approximately $650 million. The first contract has been awarded by Azule Energy for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kms offshore Angola. The contract encompasses the EPCI of rigid Pipe-In-Pipe flowlines with associated subsea structures. The second […]
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Bahrain’s Tatweer Petroleum eyes EPC contractors for $200 million gas project
Bahrain’s Tatweer Petroleum is expected to award the EPC contract for its Bahrain Oil Field Associated Gas Compression Stations Project Phase 7 in the second quarter of 2023, according to Zawya Projects. The scope of work, according to Bahrain’s tender board, includes the design, procurement, fabrication, installation, testing, pre-commissioning, commissioning, and start-up of three compression […]
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GAS Arabian Services secures $13.5 million EPC contract
GAS Arabian Services Co announced that it has secured a $13.5 million EPC contract from Saudi Arabia’s Advanced Petrochemical Co. The scope of the contract includes constructing a pipeline system from the PDH unit of Advanced Petrochemical Co to the cracking unit of United Petrochemical Co, an affiliate of SABIC. According to the a statement […]
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TechnipFMC secures ‘significant’ contract from TotalEnergies in Angola
TechnipFMC has secured a ‘significant’ contract with TotalEnergies EP Angola for the engineering, procurement, and supply of flowlines and connectors for the Girassol Life Extension project (GIRLIFEX) offshore Angola. The flexible pipes are set to extend the life of the Girassol field by bypassing the rigid pipe bundles installed before production began in 2001, TechnipFMC said in […]
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EPC giant NMDC reports profit growth; $2.6 billion contracts
UAE’s EPC heavyweight National Marine Dredging Group (NMDC), with over $15 billion of projects under execution, has grown its net profit by 30% in 2022 to reach $350 million, the company recently reported. The company also noted that it secured contracts worth $2.6 billion last year. While the group strengthened its position locally and regionally, […]
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L&T secures multiple ‘significant’ EPC contracts
The Power Transmission & Distribution Business of L&T Construction has secured multiple EPC orders in India and overseas, the company announced today. The Renewables arm of the business has received an EPC contract for what is being said is one of the largest floating solar parks in the world. The company will establish a 90MW Floating […]
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From World Cup’s real winner to Petrofac’s contracts outlook, here are the top stories of the week
Most of us are already in the year-end holiday mood, ready to unwind after a busy year. For the oil and gas sector, 2022 has been an eventful and challenging year, but things don’t seem to be slowing down. In case you missed the action, here are the top five stories of the week: 1. Petrofac […]
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