Halliburton, the US-based energy major, has been granted a contract to carry out well completions on the HyNet North West carbon capture and storage initiative in the United Kingdom. This entails supplying completions, liners, and monitoring products and services for the project situated in Liverpool Bay. To fulfill this contract, Halliburton will manufacture and deliver […]
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TotalEnergies announces oil and gas discovery offshore Nigeria
TotalEnergies has discovered oil and gas at the OML 102 offshore oilfield in Nigeria, the French company has announced. The well is located in shallow waters, 60km off the south-east coast of Nigeria. Ntokon oil and gas discovery, which is located 20km from the Ofon field facilities, is due to be built using a tie-back […]
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L&T’s oil and gas unit secures about $300 million EPC offshore contract
Indian EPC giant Larsen & Toubro‘s (L&T) hydrocarbon unit announced today that it has secured an offshore contract worth $122 to $304 million approximately from a “prestigious overseas client.” The scope of work comprises engineering, procurement, construction, and installation for new offshore structures. L&T is executing several domestic and international offshore projects and is committed […]
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UAE contractor Gulf Marine secures two offshore contract extensions
Gulf Marine Services (GMS), a UAE-based provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, has announced the award of two contract extensions in the GCC region.  The award of these contract extensions reflects continued highly favourable market conditions and the quality of the company’s fleet, reaffirming GMS’s leading […]
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ExxonMobil to expand upstream investments in Egypt
Chairman and Managing Director of ExxonMobil Egypt, Amr Abou Eita, said the supermajor plans to expand its upstream exploration in Egypt while growing Mobil service stations network across the country. Eita added: “Additionally, we are interested in evaluating low-carbon solutions opportunities. The recent relocation to a state-of-the-art new head office is a reflection of a […]
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ADNOC L&S awarded first major EPC contract worth $975 million
ADNOC Logistics and Services announced today that it has been awarded a $975-million engineering, procurement and construction (EPC) contract by ADNOC Offshore for an artificial island at the Lower Zakum offshore field. This marks the first award of the new EPC logistics business unit following ADNOC L&S’ record-breaking listing this month. As part of ADNOC’s […]
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Oman supports OPEC+ decision by extending production cuts until 2024
Oman’s Ministry of Energy and Minerals has announced its intention to extend its voluntary reduction of 40,000 barrels of oil per day until December 2024, according to media reports. This extension is being implemented as a precautionary measure, the state-owned Oman Observer said in a report. Oman, although not a member of OPEC, is one […]
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ADNOC awards $162 million EPC contract to NPCC
National Petroleum Construction Co, a wholly-owned unit of National Marine Dredging Co (NMDC), was awarded a $162.31 million contract by ADNOC, Mubasher reported. The deal covers the engineering, procurement, and construction (EPC) works for installing seven jackets, according to a bourse filing. NPCC has grown from a small fabricator to an international EPC company with […]
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Petrofac secures O&M contract extension
Petrofac has won a contract extension for operations and maintenance (O&M) for an FOSO on the Jasmine field offshore Thailand. The company has been working on the FPSO since 2011. The contract now runs until the end of 2028. Operator Valeura Energy said it had extended its charter of the FPSO in addition to the […]
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Top 5 oil and gas contracts in the Middle East: May 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. (Editor’s note: This list is not a ranking) 1. Aramco awards EPC contract for world’s largest offshore field Aramco has awarded an engineering, procurement, construction and installation (EPCI) contract for its $1 […]
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