The Middle East, a region heavily reliant on oil and gas income, has certainly felt the strain of the offshore downturn. Cutbacks in exploration and production spending hit the region hard and this quickly filtered down into the supply vessel sector…
Saudi Aramco has signed 34 engineering, procurement and construction (EPC) related contracts (worth over US$18bn) for projects such as the Marjan and Berri field incremental development program in Saudi Arabia, during Q3 2019, according to GlobalData…
Subsea 7 announced on Tuesday it has been awarded an engineering, procurement, construction and installation (EPCI) contract from Saudi Aramco for a second package for the Marjan increment projects offshore Saudi Arabia. The contract is awarded…
Subsea 7 said it has been awarded three contracts from Saudi Aramco under a long term agreement for execution offshore Saudi Arabia.The engineering, procurement, construction and installation (EPCI) contracts are awarded for execution in consortium with L&T Hydrocarbon Engineering (LTHE)…
Indian multinational conglomerate Larsen & Toubro Limited (L&T) announced that a consortium of its arm L&T Hydrocarbon Engineering Limited (LTHE), and EMAS AMC PTE Ltd (A Subsea7 Company) has been awarded a project by Saudi Aramco for offshore jackets…
The overall dollar amount for offshore project sanctions so far in 2019 has already broken the $50 billion mark and is on pace to surpass 2014's total commitments of $78 billion in the near future, according to analysts Rystad Energy.Driven…
China's Sinopec Group on Thursday said its Sinopec Engineering Incorporation subsidiary had signed a contract to work on two pipeline projects at Saudi Aramco's Marjan oilfield in Saudi Arabia.That comes as Aramco awarded $18 billion in contracts to boost capacity at Marjan and its Berri oilfield…
McDermott International said it has been awarded a contract worth more than $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP)…
Two contracts signed in Saudi Arabia for $3.5 billion by Italy's oil contractor Saipem are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.Saipem said on Tuesday it won two…
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construction projects at its Marjan and Berri oilfields, the company said on Tuesday.Saudi Aramco plans to boost production capacity from the two fields by 550…
US based McDermott International announced on Monday it has been awarded a contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia.The contract…
The Oil and Gas industry reported 1242 contracts, of which 1178 were awarded contracts, said Quarterly Oil & Gas Industry Contracts Review.Europe, the Middle East and Africa (EMEA) region recorded the most contracts with 569 contracts, representing…
McDermott International was awarded two contracts from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia.The contract includes the design, procurement, fabrication…
Italian services company Saipem announced Friday it has been awarded two engineering, procurement, installation and construction EPIC contracts from Saudi Arabian national oil company Saudi Aramco as part of the long term agreement for offshore activities in Saudi Arabia…
The second Walk to Work vessel in the fleet of Wagenborg Offshore was unveiled on the Nieuwediepkade in the port of Den Helder. The Walk to Work Emergency Response and Rescue Vessel Kasteelborg was christened by Mrs. Marjan van Loon, CEO Shell Netherlands…
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