McDermott International, Inc. announced today it signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s In-Kingdom Total Value Add (IKTVA) initiative. The MOU was signed as part of the first ever Saudi-U.S. CEO Forum. McDermott was the only...

Bechtel, a global leader in engineering, procurement, and construction, announced that the company has been awarded two contracts by Carbon Holdings of Egypt: one to provide project management services for the Tahrir Petrochemicals Complex at Ain Sokhna, Egypt, and one to build two new polypropylene units at an adjacent site. In its project management role,...

Saudi Aramco, the Saudi Arabian state-owned oil company, has selected Técnicas  Reunidas (TR) to execute the turnkey contract for the Clean Fuels project in the Ras Tanura refinery in the east coast of Saudi Arabia. The contract has a duration of 48 months until the mechanical completion of the plant. The scope of this contract...

McDermott International, Inc.  announced a contract award from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offshore Saudi Arabia. The total weight of all structures combined is 11,595 tons. “As the third fast-track jacket contract from Saudi Aramco in the last 18 months, this award...

Saipem has been awarded new contracts and change orders in the E&C Offshore segment, for an overall amount of about 1 billion dollars. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (Engineering, Procurement, Installation, Construction), under the Long Term Agreement in force and renewed in 2015...

Protechnique has been appointed as the  main contractor for the $80m Basra Water Pumping Station by  P2R.Iraq’s Ministry of Municipalities and Public Works (MMPW). The Japanese International Cooperation Agency (JICA) are funding the development as part of Package 2 of the Basra Water Supply Improvement Project (BWSIP). Construction works are going to commence next month,...

Saipem has been awarded new contracts and change orders in the E&C Offshore segment, for an overall amount of about 1 billion dollars. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (Engineering, Procurement, Installation, Construction), under the Long Term Agreement in force and renewed in 2015...

Saudi Aramco’s Offshore Projects Department recently awarded a fifth Long-Term Agreement (LTA) to National Petroleum Construction Company (NPCC) of Abu Dhabi for the execution of its world-class offshore development program. In June 2015, four LTA contracts were awarded to internationally renowned Engineering, Procurement, Fabrication and Offshore installation (EPIC) contractors. The LTA was signed by Saudi...

Técnicas Reunidas is awarded by MGT Teesside Power to design and build the Tees REP Power Plant in Teesside, United Kingdom.  MGT Teesside Ltd, a UK based company, has selected Técnicas Reunidas (TR),in a consortium with Samsung C&T, for the execution of a contract to build a new with combined heat and power in Teeside, United...

Mapna, the Iranian industrial group has been awarded the engineering, procurement and installation contract for the $2.5 billion natural gas-fired power plant project in the Rumaila area of Basra, Iraq. Work has started after 18 months of negotiations with the Iraqi government. The plant is expected to add 3,000 MW of electricity to the Iraqi national...

Aibel has been awarded the EPC contract for the deck of the drilling platform on the Johan Sverdrup field. The contract has an estimated value of NOK 8 billion. “The fact that Aibel has won this prestigious contract proves that we can assert ourselves in keen competition, that we have a sound implementation model and...