Falling oil prices and consequent job losses in the oil & gas sector could lead to a “glut” of highly qualified workers becoming available, which might be good news for recruiters struggling to fill certain roles. A recent report commissioned by industry body Oil and Gas UK, industry skills and safety body OPITO and the...

Drake & Scull Engineering (DSE), the engineering subsidiary of Drake & Scull International DSI), has won an AED82.5mn ($22.4mn) healthcare project in Abu Dhabi. The award boosts DSI’s total project awards in 2014 to date to AED5.6bn ($1.5bn) and the total projects backlog to an all-time high of AED15.3bn ($4.1bn) across MENA, Europe and...

Talisman Energy informs that it has entered into a definitive agreement with Repsol under which the Spanish energy giant will acquire all of the outstanding common shares of Talisman for US$8.00 (C$9.33) per share in cash. The purchase price for the common shares represents a 75% premium to the 7-day volume-weighted average share price...

SNC-Lavalin subsidiary Qatar Kentz has been awarded a four-year multi-million-dollar call-off contract, with a possible two-year extension, from Qatar Shell for its Pearl Gas-To-Liquids (GTL) onshore and offshore facilities in Qatar. As EPCM (engineering, procurement, and construction management) and construction contractor for onshore and offshore Pearl GTL facilities, Kentz will manage the EPCM work...

Aker Solutions secured a contract from Daewoo Shipbuilding and Marine Engineering to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield development in the UK North Sea. “We are very pleased to be expanding our already significant role in developing the Mariner field.” The agreement is worth more...

Qatar’s Barwa Real Estate said it has won a QR750 million ($206 million) contract from a government company to build and operate low cost-warehouses. The 25-year arrangement was awarded by state-owned Manateq, according to a statement to Doha’s bourse. It did not state how many warehouses Barwa would build but did say the construction...

Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea has been awarded a US1.24 billion (KRW1.365 trillion) deal to build six LNG tankers for an unnamed European company. DSME expects to deliver the LNG tankers by March 31, 2019, it said in a filling to the stock exchange. Majority of this year’s newbuild...

Halliburton Cuts 1,000 Jobs As Oil Prices Tank New York (AFP) – Halliburton, the world’s second biggest oil services company, said Thursday it is slashing 1,000 jobs in its eastern hemisphere offices amid tumbling global oil prices. The layoffs, which are effective immediately, represent 1.25 percent of Halliburton’s 80,000-person workforce. The layoffs will take place...

Louis Berger, a global professional services corporation based in the US, opened a new office in Dubai, UAE, today, further expanding its reach into the Middle East and North Africa (Mena) region. “Louis Berger’s Dubai office will further enhance our ability to serve our local clients’ needs while expanding our greater geographic reach across the...

Louis Berger, a global professional services corporation based in the US, opened a new office in Dubai, UAE, today, further expanding its reach into the Middle East and North Africa (Mena) region. “Louis Berger’s Dubai office will further enhance our ability to serve our local clients’ needs while expanding our greater geographic reach across...

Wood Group has been awarded a multi-year contract by ExxonMobil Exploration and Production Malaysia, a subsidiary of Exxon Mobil Corporation Wood Group PSN and Wood Group Mustang will deliver brownfield engineering, procurement and construction management services to support EMEPMI’s offshore operations in Malaysia. This is the first contract WGPSN has secured in the Malaysian market....

Hyundai Rotem, a South Korean leader in steelmaking and environmental facilities, said it has clinched a 350.9 billion won ($315 million) order to build a sewage treatment plant in Qatar, said a report. As per the contract, the Korean firm will set up a treatment facility in the city of Al Dhakira, northeast of capital...