Maaden has awarded a major Engineering, Procurement, and Construction Management (EPCM) contract to Bechtel for its Ar Rjum gold mine. This announcement follows Maaden’s Final Investment Decision (FID) on Ar Rjum in August 2025, supporting the company’s goal to double gold production by 2030.
Under the SAR 391.1 million (USD 104.3 million) agreement, Bechtel, a leading global…
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The Petroleum Projects and Technical Consultations Company (PETROJET) has received a preliminary award for the general contractor contract for the second-phase development of the Hassi Bir Rekaiz conventional oil field in Algeria, valued at $1.087 billion, according to a statement by Egypt’s Ministry of Petroleum and Mineral Resources on October 20.
The award follows PETROJET’s…
Saipem, in consortium with BOS Shelf LLC and BOS Shelf International FZCO — both affiliates of the State Oil Company of the Azerbaijan Republic (SOCAR), has secured three new offshore contracts for the Shah Deniz Compression Project, operated by bp in Azerbaijan. The combined value of the contracts is approximately USD 700 million, of which…
Wood has been awarded a major contract by Thai Oil Public Company Limited (Thaioil) to provide engineering, procurement, and construction management (EPCM) services for Thaioil’s Clean Fuel Project (CFP).
The CFP will involve the expansion and upgrade of Thaioil’s Sriracha refinery to boost crude refining capacity, produce more environmentally friendly finished products, and enhance flexibility…
Saipem has been authorized by ExxonMobil Guyana Limited to proceed with the engineering, procurement, construction, and installation (EPCI) activities for the Hammerhead oil field development, located in the Stabroek block off Guyana at a depth of approximately 1,000 meters. The contract is valued at around $500 million USD.
Earlier, on April 2, 2025, Saipem announced the…
TechnipFMC has secured a contract, following a competitive tender, to deliver subsea production systems for Petrobras.
Under the agreement, TechnipFMC will design, engineer, and manufacture subsea production systems to support a mix of greenfield developments, brownfield expansions, and asset revitalization projects within Petrobras’ extensive portfolio. The scope also includes installation support and life-of-field services, with…
McDermott has secured a significant offshore subsea contract from PTTEP Sabah Oil Limited (PTTEP) for the Block H gas field expansion project offshore Sabah, East Malaysia, covering the Alum, Bemban, and Permai deepwater fields.
The scope includes engineering, procurement, construction, and installation (EPCI) of a carbon steel pipeline, along with the transportation and installation of…
Saipem has been awarded a new offshore contract by Turkish Petroleum OTC for the third phase of the Sakarya gas field development in Turkey, valued at approximately USD 1.5 billion.
Sakarya, the largest offshore natural gas discovery in Turkey, lies around 170 km off the coast of Filyos, Zonguldak. Phase 3 of the development will…
Subsea7 has announced the award of a major project under its long-term agreement (LTA) with Aramco for facilities located offshore Saudi Arabia.
The scope covers the engineering, procurement, construction, and installation (EPCI) of 106 kilometres of infield and export pipelines, modifications to existing topsides, and associated hook-up activities. Project management and engineering will commence immediately…
Hyundai Engineering & Construction Co. (Hyundai E&C) has bagged a $3 billion order to build a seawater treatment plant in Iraq, marking the builder’s second-largest construction project in the country.
The company said that it signed the contract with TotalEnergies SE, a French multinational integrated energy and petroleum company.
The deal is the Water Infrastructure Project (WIP)…
TechnipFMC has been awarded two subsea contracts by Petrobras for flexible pipe to be deployed across multiple basins.
The first contract covers the design, engineering, and manufacturing of flexible gas injection risers. This advanced solution will help maintain reservoir pressure and improve production efficiency through high-capacity gas reinjection in pre-salt formations in the Santos Basin.…
Wison New Energies has officially signed an EPCIC (Engineering, Procurement, Construction, Installation, and Commissioning) contract with Turkish Petroleum Corporation (TPAO) for the Floating Production Unit (FPU) in Phase 3 of the Sakarya Gas Field. This agreement marks a key milestone in the field’s development and will further strengthen Türkiye’s natural gas production capacity while supporting…