Leading Omani construction firm Galfar Engineering and Contracting has been awarded a multi-year contract worth $726 million covering the delivery of off-plot facilities for the Qarn Alam oil field. According to a report by Omani Observer, the contract was awarded following a competitive tender process by state-owned Petroleum Development of Oman (PDO), and Galfar was […]
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Aramco awards $24.8 million contract to East Pipes
Saudi Aramco has awarded a contract to East Pipes Integrated Co for nearly $24.8 million, East Pipes said in its bourse disclosure. The eight-month deal covers the manufacturing and supplying of steel pipes to Aramco. East Pipes Integrated indicated that the agreement will reflect on its income statements during the fourth quarter (Q4) of fiscal […]
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‘Saudi lollipop’ for oil markets: Kingdom announces OPEC production cuts
Saudi Arabia will make additional voluntary cuts of 1 million barrels a day to its oil production in an effort to increase prices following a long OPEC+ meeting in Vienna, Financial Times reported. The 1 million b/d cut will initially be for July but could be extended, Saudi Energy Minister Prince Abdulaziz said, describing it […]
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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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Inside ADNOC’s oldest, biggest onshore field Murban Bab
The Murban Bab Oil Field, around 84 kms north west of Abu Dhabi, was where ADNOC struck first oil in the 1960s. The Murban Bab oil field is the biggest onshore oil field in Abu Dhabi and the oldest operating field in the UAE. “This is where it all began,” ADNOC says on the company […]
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Exclusive: Aramco chief talks risk management
In an exclusive interview, Aramco’s VP and Chief Loss Prevention Engineer Ghassan Abulfaraj, discusses the company’s strategic approach to risk management Oil & Gas Middle East: What is Aramco’s approach to managing risk exposure? Abulfaraj: Aramco proactively assesses and manages all risks be it strategic, operational, compliance or financial using a systematic and detailed methodology […]
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Uncovering the root causes: Addressing the challenges of enhancing workplace safety
In an exclusive interview, Captain Daniel Alcantara, Chief Solutions Delivery Officer at Magellan X, speaks about the importance of worker health and safety, and how digital frameworks using wearable technology can be deployed in the oil and gas and other industries. Oil & Gas Middle East: How can the stagnation of safety results be explained […]
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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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UAE jobs: ADNOC to hire 5,000 private sector workers by 2027
ADNOC will partner with the Emirati Talent Competitiveness Council (ETCC) to create 5,000 jobs for UAE nationals in the private sector by 2027, the company announced at the Make it in the Emirates Forum on Thursday. The hiring will take place through ETCC’s Nafis programme and is aimed at employing UAE talent for skilled jobs, in the […]
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Kuwait to award 22 oil and gas projects this year
State-owned Kuwait Oil Co (KOC) has announced plans to award 22 projects to local and foreign firms in the next few months, Zawya Projects reported, citing the Arabic language daily Alanba. KOC, which manages the OPEC member’s upstream oil industry, will gradually award those contracts after they are approved by the Central Agency for Public […]
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