The engineering majors that have submitted their proposals Samsung Engineering, Tecnicas Reunidas, CTCI, Saipem, Petrofac, Larsen & Toubro, and Hyundai Engineering and Hyundai Development Co Engineering & Construction, which bid together as a consortium
Oil Minister Essam al-Marzouq has however said that workers have contained the crude oil spill in the southern waters in the Gulf and that the cleaning up operation is underway
The Wison full-size floating LNG terminal solution offers an economical alternative to the conventional LNG regasification vessels, especially for markets with long-term demand.
Jacobs' EUROCLAUS sulphur recovery technology will expand Tupras’ crude slate by processing more sour crudes, while reducing its environmental footprint, delivering industry leading SO2 emissions abatement.
The net profit in the second quarter was supported by the increased profit contribution from Borouge.
Saudi Arabia's Energy Minister Khalid al-Falih said the economic relationship between the two countries "will witness more cooperation in the field of trade exchange... and joint investments"
The MoU seeks to encourage Saudi Aramco's in-Kingdom and worldwide partners across the supply chain to maintain their commitment to invest in the Kingdom
Iraq is expanding its already large fleet of composite LPG cylinders for the domestic market.
With 3,000 patents and patent application trademarks and more than 100 licensed technologies, CB&I is one of the largest providers of licensed process technologies in the world.
Libya and Nigeria along with increased output from Saudi Arabia in the peak summer season is now in full swing, have sent OPEC's collective output about 920,000 bpd above its nominal ceiling of around 31.9mn bpd
The project, comprising a new vacuum gas oil hydrotreater unit & sour water stripping unit, and modification of existing units and new interconnections, is part of the investment planned by Total to upgrade its Donges refinery, improving its performance.
Fluor's energy, chemicals and mining segment reported segment profit of US$127 million, compared to US$126 million in the second quarter of 2016.
By signing the MoU, KBR has committed itself to a five-year action plan to expand and develop KBR's physical and human capital within the Kingdom to promote Saudi Aramco's interests in creating and maintaining a reliable local supply.
Jacobs expects to finance the transaction through a combination of cash on hand, borrowings under the company's existing revolving credit facility and US$1.2 billion of new committed 3-year term debt arranged by BNP Paribas and The Bank of Nova Scotia.
The recruitment and training programme is planned to be conducted annually with a minimum of 15 graduates who will be hired to full-time positions with the company each year
