The contract is worth up to $250mn and includes control room relocation and fabrication services
marjan
Posted inProducts & Services
McDermott reports $2.7bn net loss in 2018
The company noted in a press release that this was primarily due to factors impacting it in Q4 2018
Posted inProducts & Services
Saudi Aramco awards two Marjan EPCI contracts worth up to $1bn to McDermott
McDermott noted the combined value of the contracts is between $550mn to $1bn
Posted inDRILLING & PRODUCTION
Saipem wins $1.3bn Berri and Marjan contracts from Saudi Aramco
The firm won two contracts for engineering, procurement, installation and construction and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets.
Posted inDRILLING & PRODUCTION
KSA announces largest annual budget in Kingdom’s history
Financial reforms in the past two years may be beginning to bear fruit, with growing oil revenue and non-oil revenue
Posted inDRILLING & PRODUCTION
Saudi Aramco will raise Khurais field output to 1.5mn bpd in November
Aramco CEO Amin Nasser said field production would be raised by 300,000 bpd
Posted inDRILLING & PRODUCTION
Saudi Aramco launches tender for $15-billion Marjan offshore oilfield development project
The $15-billion oilfield is expected to handle an additional 300,000 barrels per day.