UAE, Qatar best placed to face oil headwinds: Report

UAE, Qatar best placed to face oil headwinds: Report Despite falling oil prices, GCC countries will retain healthy surplus levels   As softening oil prices lower fiscal and external surpluses across the GCC countries, the UAE and Qatar are likely to face the least impact of the headwinds, a report said on Wednesday. According to […]

JV of Tecnimont, Technip Energies and Samsung Engg bag $80 million contract by Adnoc

JV of Tecnimont, Technip Energies and Samsung Engg bag $80 million contract by Adnoc Infra.market raises $125 million in Series D funding from Tiger Global   Maire Tecnimont S.p.A. has announced that Tecnimont S.p.A. has received a Letter of Award from Adnoc for the early engineering and procurement works related to the onshore facilities of […]

NESR secures wireline platform contract in Saudi Arabia

NESR secures wireline platform contract in Saudi Arabia Within the expanded scope of the contract, NESR will provide advanced cased-hole and perforation services. National Energy Services Reunited Corp (NESR)  has been awarded a nine-year, wireline services platform contract in Saudi Arabia, the company announced on Tuesday. Within the expanded scope of the contract, NESR will provide […]

Saudi Aramco and Sinopec sign initial agreement to set up refinery in China

Saudi Aramco and Sinopec sign initial agreement to set up refinery in China The companies, along with Sabic, also explore collaboration to develop petrochemicals complex in Yanbu. Leading crude oil exporter Saudi Aramco and China Petroleum and Chemical Corporation (Sinopec) have signed an initial agreement to build a refinery and a petrochemicals plant in China. […]

PIPING ACCESORIES

PROJECT & TENDERS Italian oilfield services provider Saipem has secured multiple new drilling deals in the Middle East and West Africa, which are worth approximately $800 million. While announcing the new offshore drilling contracts on Tuesday, Saipem explained that three of these are in the Middle East and two in West Africa. The company further […]

The Gas Revolution

The Gas Revolution India is investing $40 billion in gas pipelines, LNG terminals and exploration & production to meet net-zero emission goal by 2070. THOUSANDS OF WORKERS of IHB Ltd. and its sub-contractors are toiling across swathes of west and north India to lay the 2,805 kilometre (km) Kandla-Gorakhpur liquefied petroleum gas (LPG) pipeline crossing Gujarat, […]

Saipem rigs get new drilling jobs worth $800 million

Saipem rigs get new drilling jobs worth $800 million Italian oilfield services provider Saipem has secured multiple new drilling deals in the Middle East and West Africa, which are worth approximately $800 million. While announcing the new offshore drilling contracts on Tuesday, Saipem explained that three of these are in the Middle East and two […]