Wood has secured a series of decarbonisation contracts worth $100 million to deliver flare gas reduction and carbon efficiency solutions across Iraq’s largest oil fields.
Under these contracts, Wood will provide brownfield engineering, procurement and construction (EPC), and modification services to improve operational efficiency and reduce environmental impact—supporting Iraq’s target to cut gas flaring by…
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ADNOC Drilling Company PJSC has announced that the award of a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations. The contract will follow existing agreements, bringing accretive rates that generate long-term revenue and attractive returns..Abdulrahman Abdulla Al Seiari, ADNOC Drilling CEO, said: “This new contract…
NesmaKent Energy Company (NKJV), a pioneering joint venture between Nesma & Partners (N&P) and Kent, has signed a strategic contract with Aramco to lead the commencement of phase one of the National EPC Champion Initiative. This milestone marks the commencement of the first Project Management Consultancy (PMC) contract, reinforcing NesmaKent’s role as a key partner in…
Daewoo E&C announced that it had signed a contract with Turkmenhimiya, the state chemical corporation of Turkmenistan, to build a $784 million (approximately KRW 1.081 trillion) phosphate fertilizer plant in the eastern city of Turkmenabat. Daewoo E&C President Kim Bo-hyun personally attended the ceremony, highlighting the project’s significance.This contract follows Daewoo E&C's selection as the…
Worley has been selected by AbraSilver Resource Corp. to lead engineering for the Definitive Feasibility Study (DFS) of the Diablillos silver-gold project in Salta and Catamarca Provinces, Argentina.The study will incorporate the updated Mineral Reserve Estimates and assess various opportunities in mine planning, infrastructure, power supply and key capital components. Worley expects to deliver the…
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has secured approval for its development of the Anambas block in Indonesia, where it aims to acquire more projects, officials said. KUFPEC will invest about $1.54 billion to develop the Anambas block to produce 55 million standard cubic feet a year with an estimated 185 billion cubic feet…
Aramco has announced the signing of 34 Memoranda of Understanding (MoUs) and agreements, with a potential total value of approximately $90 billion, with major US companies, through its Aramco Group Companies.The MoUs and agreements cover collaborations and partnerships relating to a range of Aramco’s activities, including Liquefied Natural Gas (LNG), fuels, chemicals, emission-reduction technologies, Artificial…
Wood has secured a trio of reimbursable contract extensions worth $118 million to continue to deliver operations and maintenance solutions for Shell UK, Dana Petroleum and CNOOC International’s UK business.These extensions will see Wood continue to support operations for an extensive offshore portfolio, including Shell UK’s Shearwater, Gannet, Nelson and Penguins assets; Golden Eagle, Buzzard…
Worley have been selected as the preferred contractor by Talga for Engineering, Procurement and Construction Management (EPCM) services on its integrated Vittangi Anode Project in northern Sweden.The development includes a graphite mineral processing concentrator and battery anode production facility – representing a fully integrated mine-to-anode operation.This agreement builds on a long-standing collaboration. Since 2019, we…
SBM Offshore has signed a contract with BP Exploration and Production Inc (bp) for the wet tow and installation of the Kaskida semi-submersible Floating Production Unit (FPU).The Kaskida field is a greenfield Paleogene development located approximately 250 miles southwest of New Orleans, in the Keathley Canyon area in the deepwater US Gulf.The contract highlights SBM…
KAHRAMAA Signs Four Contracts for Strategic Projects Related to Electricity Networks Infrastructure. As part of ongoing efforts to enhance the infrastructure of electricity networks in the State of Qatar, Qatar General Electricity and Water Corporation (KAHRAMAA) signed 4 strategic contracts with a total value of almost 3.1 billion Qatari Riyals to meet electrical network demand…
Aptamus Carbon Solutions LLC (Aptamus), a subsidiary of Overseas Shipholding Group Inc., and Entr, the consultancy arm of Aker Solutions, have entered into an agreement for the front end engineering and design of a temporary storage and liquefaction processing terminal at Port Tampa Bay, Tampa, Florida, and a discharge and regassification terminal at LBC Tank…