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Wood Awarded Engineering Contract for West Qurna 1 Oilfield

Wood has secured a new contract to provide project management and engineering services for PetroChina at the West Qurna 1 oilfield in southern Iraq; one of the world’s largest, reinforcing the company’s decade-long presence at the site.Under this agreement, Wood will oversee engineering, procurement, and construction activities. Located about 50 kilometers northwest of Basra, West…

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TA’ZIZ Awards $1.99 Billion EPC Contract for UAE’s First World-Scale PVC Complex

TA’ZIZ has awarded a $1.99 billion Engineering, Procurement and Construction (EPC) contract to China National Chemical Engineering & Construction Corporation Seven, Ltd. (CC7) to build the UAE’s first, and one of the world’s largest, integrated single-site polyvinyl chloride (PVC) production complexes. Announced during ADIPEC, this milestone contract underscores TA’ZIZ’s commitment to driving industrial growth, strengthening…

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QatarEnergy Awards EPC Contract for 4.1 MTPA Carbon Capture and Storage Project

QatarEnergy has awarded an engineering, procurement, and construction (EPC) contract to Samsung C&T Corporation for a landmark carbon capture and sequestration (CCS) project that will support its existing LNG production facilities in Ras Laffan Industrial City. The project aims to capture and store up to 4.1 million tons of CO₂ annually, positioning it among the…

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Maaden Awards $104M EPCM Contract to Bechtel for Ar Rjum Gold Mine

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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Petrojet Awarded $1Billion Contract for Hassi Bir Rekaiz Development in Algeria

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…

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Saipem Authorized to Execute $500M Hammerhead Offshore Project by ExxonMobil Guyana

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…

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TechnipFMC Awarded Subsea Production Systems Contract by Petrobras

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…

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