Procurement News

 

Offshore: New Project Pace Quickens

Jun 12, 2019

As the oil and gas industry comes out of the recent downturn, E&P companies are tempted to chase the rewards of higher oil prices by accelerating the sanctioning of new projects.However, haste can lead to less certainty of what the ultimate cost of any given project will be. Projects with high levels of so-called engineering definition are generally expected to remain within about 20% of the initial cost estimates…

QP Issues Tender for LNG Facilities

May 08, 2019

Qatar Petroleum (QP) invites tender for Engineering, Procurement and Construction (EPC) to expand its common lean liquefied natural gas (LNG) storage, and the loading and export facilities for its North Field Expansion (NFE) Project aimed to…

Telford Wins Protexa EPCI Contracts

Mar 27, 2019

International offshore services provider Telford Offshore has been awarded multiple pipelaying and construction services contracts by Mexican company Protexa, which is chartering three of its DP3 multi-purpose vessels for a combined period of approximately 400 days…

McDermott Wins Middle East EPCI Contract

Mar 22, 2019

McDermott International announced Thursday it has secured a contract from an unidentified Middle East customer for engineering, procurement, construction and installation (EPCI) services for new facilities and brownfield works project in the Arabian Gulf…

McDermott Wins Offshore S. Arabia Contracts

Feb 25, 2019

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…

Exploration Comes-back with a Bang

Feb 20, 2019

After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Rystad Energy.The energy research and business intelligence…

Wood Wins Equinor EPCI Contract

Feb 20, 2019

UK-based offshore engineering specialist Wood has received a contract from Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project.The $13m…

L&T Consortium Wins EPCI Order from Saudi Aramco

Jan 15, 2019

L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro Limited  (L&T), said that it has, in consortium with Subsea 7, has bagged two projects from the world's largest oil company Saudi Aramco.The company which serves the Oil and Gas sector around the world…

Subsea 7 Bags BP Gulf of Mexico Deal

Dec 24, 2018

The  seabed-to-surface engineering, construction and services contractor Subsea 7 has announced the award of a sizeable SURF (subsea umbilicals, risers and flowlines) contract by BP for the Manuel project in the US Gulf of Mexico.Project execution…

Schlumberger Bags Equinor Contract for Subsea Boosting System

Dec 19, 2018

Norwegian oil and gas firm Equinor has awarded an engineering, procurement and construction (EPC) contract to OneSubsea, a Schlumberger company.The contract is for the supply of the industry’s first all-electric actuated subsea boosting system for the Vigdis Field in the Norwegian North Sea…

Subsea 7 Wins Shearwater Deal from Shell

Dec 18, 2018

Offshore engineering and construction specialist Subsea 7 has won an EPCI contract from Royal Dutch Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb project, located approximately 140 miles east of Aberdeen in the UK central North Sea…

Boskalis Inks Pact with Saudi Aramco

Nov 26, 2018

Dutch offshore services provider Royal Boskalis Westminster has been selected as a contractor on Saudi Aramco's Long Term Agreement (LTA) for Offshore Facilities program.Boskalis acquired the agreement in consortium with the United Arab Emirates-based company Lamprell…

Sapura Energy Wins Contracts in Mexico, Malaysia

Nov 21, 2018

Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion (USD 410 mln).The new contracts have lifted the company’s…

Lundin Norway Awards EPCI Contract to WorleyParsons

Nov 09, 2018

Rosenberg WorleyParsons has been awarded an engineering, procurement, construction and installation contract (EPCI) by Lundin Norway ASO in the Norwegian Continental Shelf.The services include planning, engineering, prefabrication, offshore installation and commissioning support…

Kvaerner Wins USD 107 mln Johan Sverdrup Work

Nov 01, 2018

Norway's Kvaerner announced that it has signed a contract worth approximately $107 million (NOK 900 million) with Equinor for the delivery of a steel substructure for the Johan Sverdrup Phase 2 process platform.“With this contract, Kværner and…

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