Keppel wins $212M Vessel Contract
Keppel Corporation Ltd. announced that specialized shipbuilder Keppel Singmarine Pte Ltd. (Keppel Singmarine), has secured a contract from New Orient Marine Pte Ltd., a subsidiary of Luxembourg-based Maritime Construction Services SA (Maritime Construction Services), for an ice-class multi-purpose vessel worth about $212 million (SGD 265 million). Scheduled for completion in the middle of 2017, the...
Petrofac & CCC win Kuwait contract
Consolidated Contractors Co. (CCC) and Petrofac International have been awarded a $4.2bn Kuwait contract to develop the Lower Fars heavy oil field. The country’s central committee for tenders said the companies would work on the development of the first phase of the heavy oil project. The field is slated to produce 60,000 barrels of heavy...
Kuwait’s Agility breaks ground in Ghana
The Kuwait-based logistics company, Agility, has broken ground on the construction of a distribution park in Accra, Ghana on a 40-acre site in the Tema Port Free Trade Zone Enclave. The Distribution Park, one of a series of logistics hubs that Agility is building across the African continent, will provide international standard logistics infrastructure to...
Sering wins $1.24bn Oman project
Italy’s Sering has recent been awarded a contract to work on the $124 billion Muttrah redevelopment project. The Italian firm will work up plans for the redevelopment of the Muttrah Souq, which is the centrepiece of the neighbourhood and an important tourist destination in Muscat, in the bay where the new cruise liner terminal is...
Newpark lands $350m Algeria Deal
US services player has landed a three-year deal worth up to $350 million from Algerian state oil company Sonatrach for drilling fluids and related services Newpark Resources, Inc. announced that it has been awarded Lot 1 and Lot 3 of a recent restricted tender by Sonatrach to provide drilling fluids and related services in Algeria....
BAPCO to submit expansion plan
Bahrain will make a final decision on whether to expand its only oil refinery next year, a senior oil executive said, predicting that falling crude prices and growing refining capacity in the region would squeeze product margins. The proposed expansion would boost the capacity of the Sitra refinery by 100,000 barrels per day (bpd), Peter...
CGG awarded survey projects in PNG
CGG has been awarded both a land seismic and an airborne gravity survey by InterOil Corporation to assess the hydrocarbon potential of their acreage in Papua New Guinea. CGG’s airborne group is to conduct a large FALCON® Airborne Gravity Gradiometer (AGG) survey to acquire 11 000 line km of high-resolution data with fixed-wing aircraft and...
Indra wins $314m deal in Riyadh
Indra, a consulting and technology multinational based in Spain, has signed a €266-million ($314 million) contract to implement the entire ticketing and access control technology for the new public transportation system currently under construction in Riyadh, Saudi Arabia. Arriyadh Development Authority (ADA), the company responsible for modernising Riyadh’s infrastructure, has chosen Indra’s offer after an...
Salini signs €607m Italian rail deal
The agreement for the third lot of the Terzo Valico Genoa to Alessandria line was signed by RFI and the COCIV consortium, which is general contractor for the design and construction of the project. Salini Impregilo heads the COCIV consortium, with a 64% stake. The other team members are Società Italiana Condotte d’Acqua with 31%...
EPC deal for Malta LNG project
J&P-Avax, Greece has signed a deal worth €125 million in Malta with Electrogas. Electrogas Malta is a consortium comprising GEM Holdings Limited, Socar Trading, Siemens Project Ventures and Gasol LNG Import Limited. The project involves the Engineering, Procurement and Construction of an installation for the importation and storage of LNG and its regasification. The contract...
UK-Oman JV $455m housing projects
Oman-based Al Raid Group has entered into a joint venture agreement with British developer Consero London to develop up to $455 million of luxury residential property across Oman and the wider Middle East over the next 5 years, according to reports in the British and Gulf media. The partnership will start with the establishment of...
Ezra wins US$110m project in Brazil
Ezra Wins Engineering and Fabrication Contract for Deepwater Project in Brazil. Ezra Holdings Limited (“Ezra” or “the Group”), a leading contractor and provider of integrated offshore solutions to the oil and gas industry, announced that the Group’s wholly owned subsidiary London Marine Consultants (LMC), Ezra’s Floating Production, Storage and Offloading (FPSO) Turret Design outfit has...