McDermott and CB&I to Combine in Transaction Valued at $6 Billion
McDermott International, Inc. announced that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation (“EPCI”) service offering and market leading technology portfolio. Upon completion of the transaction, McDermott shareholders will own approximately 53 percent of the combined...
Saudi Aramco awards $175 million contract to BHGE
Saudi Aramco has awarded a $175 million contract to Baker Hughes, a GE company to drive enhanced production at the Haradh and Hawiyah gas fields, underlining the strong local partnerships of BHGE in the Kingdom. Part of Al-Ghawar, the world’s largest oilfield, Haradh and Hawiyah gas fields play a key role in supporting the Kingdom’s...
SNC-Lavalin, Aramco ink deal on in-kingdom opportunities
SNC-Lavalin and Saudi Aramco today signed a Memorandum of Understanding (“MoU”) signalling SNC-Lavalin’s continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia. The MoU supports Saudi Aramco’s In-Kingdom Total Value Add (“IKTVA”) program, which applies to Saudi Aramco suppliers and drives the localization of oilfield services and equipment...
CB&I secure $95 million EPC contract for Saudi Aramco Shell Refinery
CB&I announced it has been awarded a contract for more than $95 million by Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction management for SASREF’s modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia. “The relationship between CB&I and SASREF extends back for more than...
Petrofac awarded $800m contract for Khazzan phase 2 in Oman
Petrofac has been awarded a lump-sum contract worth approximately US$800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultanate of Oman. This follows the US$ 1.4 billion Phase 1 CPF Khazzan project, awarded to Petrofac in February 2014, which celebrated first gas...
Siemens secures $825m Libya power project contracts
Siemens has signed contracts with the state-owned utility General Electricity Company of Libya (GECOL) to expand Libya’s power generation capacity by approximately 1.3 gigawatts (GW). The agreements were signed in Berlin in the presence of Fayez Mustafa al-Sarraj, Chairman of the Presidential Council and Prime Minister of the Government of National Accord of Libya; Mohamed...
Acwa Power led consortium to build major Oman water project
An ACWA Power led consortium with Veolia and DIDIC has been awarded the Salalah Independent Water Project by the Oman Power and Water Procurement Company SAOC (OPWP). The plant will be located in Salalah, Dhofar region and will have a capacity to generate 25 million gallons per day of desalinated water using reverse osmosis technology...
Boskalis JV awarded 5-year South American dredging contract
Royal Boskalis Westminster N.V. (Boskalis) has been awarded a 5-year contract by the Comision Administradora del Rio de la Plata (CARP), for the capital and maintenance dredging of the Martín García channel, located between Uruguay and Argentina in the northern part of the 50-kilometer-wide Rio de la Plata estuary. The contract carries a total value...
Alstom secure Iraqi metro, rail project contracts
Alstom has signed a Memorandum of Understanding (MoU) with Iraqi government for the development of urban transport in Baghdad and Basra. The MoU was signed during the Franco-Iraqi government authorities meeting, in the presence of Dr.Sami Al Araji, Head of National Investment Committee of Iraq and Jean-Baptiste Lemoyne, French Secretary of State. The MoU covers...
Wood wins multi-million dollar contract with Glaxo in Germany
Wood is providing GSK Vaccines GmbH (GSK), part of GlaxoSmithKline Group, with engineering, procurement and construction management services for a new biotech facility to be built in Marburg, Germany. The new multi-million dollar contract includes detailed design, procurement and subcontracting services, expediting and inspection of process equipment and packages, construction management, coordination of commissioning, engineering...
Pöyry win Dam and Hydroelectric Power Plant work in Turkey
Pöyry has been awarded with the basic design engineering services assignment for the Beyhan II Dam and Hydroelectric Power Plant (HPP) project in Turkey by Kalehan Murat Enerji Üretim A.S. The assignment includes preparation of basic design with special emphasis on risk analysis for the dam and related structures, which will help determine the investment...
JGC win EPC Contract for LNG project in Indonesia
JGC Corporation in partnership with JGC Indonesia, a subsidiary of JGC Corporation, and PT Rekayasa Industri of Indonesia, has received an order for engineering, procurement and construction (EPC) work for the construction of a gas processing plant in Bojonegoro, East Java Province, Indonesia. The lump-sum turn key contract, valued at approximately100 billion Japanese Yen, of...