Aramco inks $12.4 billion infrastructure leasing deal
A newly-formed subsidiary, Aramco Oil Pipelines Company, will lease usage rights of Aramco's stabilized crude oil pipeline network over a...
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Art of Subcontracting
- Apr 10, 2021
- 2 min
Petrofac Agrees $700MM Facility Extensions
Petrofac announced Wednesday that it has extended $700 million of its banking facilities, at its request, with the unanimous support of...
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Art of Subcontracting
- Apr 10, 2021
- 1 min
Qatar Petroleum enters two offshore exploration blocks in Namibia
Qatar Petroleum entered into an agreement with Shell to become a partner in two exploration blocks offshore Namibia. The PEL 39 blocks...
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Art of Subcontracting
- Apr 10, 2021
- 1 min
Equinor agrees electrical equipment agreements for its facilities in Norway
ABB and Siemens Energy are awarded framework agreements for providing service of electrical equipment on all Equinor’s installations on...
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Art of Subcontracting
- Apr 10, 2021
- 1 min
Chevron and Hokkaido Gas sign LNG agreement
Chevron announced it has signed a binding Sale and Purchase Agreement (SPA) with Japan’s Hokkaido Gas for the delivery of liquefied...
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Art of Subcontracting
- Apr 10, 2021
- 2 min
Oman is said to study strategic options for state energy firm OQ
The Omani government has been speaking with potential advisers as it considers alternatives for OQ, which could also include selling a...
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Art of Subcontracting
- Apr 3, 2021
- 1 min
Injazat and Lamprell form JV for digital transformation
The JV will have initial funding of $7 million split equally between the partners. UAE-based digital transformation company Injazat and...
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Art of Subcontracting
- Apr 3, 2021
- 1 min
Qatar Petroleum to become full owner of Qatargas 1 JV
The Qatargas Liquefied Natural Gas Company has a production capacity of approximately 10 million tons per annum. Qatar Petroleum will...
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Art of Subcontracting
- Apr 3, 2021
- 1 min
Aramco-SABIC $1.3 trillion private investment drive to be driven by business, not state
Saudi Crown Prince Mohammed bin Salman announced the Shareek initiative as part of a broader vision to diversify the economy away of...
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Art of Subcontracting
- Apr 3, 2021
- 2 min
Siemens Energy signs long-term service contract with Aramco
Siemens Energy has signed its first long-term service agreement (LTSA) with Aramco, covering a range of turbines and generators at four...
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Art of Subcontracting
- Apr 3, 2021
- 2 min
Sembcorp and GE Renewable Energy awarded wind farm contract
Sembcorp Marine and GE Renewable Energy’s Grid Solutions have secured a contract from RWE Renewables, to supply the high voltage direct...
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Art of Subcontracting
- Mar 28, 2021
- 1 min
Borr Drilling Adds to Backlog
Borr Drilling Limited (NYSE and OSE: BORR) reported Wednesday that a set of new agreements for three of its jack-up rigs could add US$48...
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Art of Subcontracting
- Mar 28, 2021
- 3 min
Drilling activity is set for two consecutive years of growth but will lag pre-pandemic levels
A healthy recovery is poised to propel offshore drilling activity beyond pre-pandemic levels during the next two years. After a...
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Art of Subcontracting
- Mar 28, 2021
- 2 min
TechnipFMC enters wind project partnership
TechnipFMC announced it has entered into an agreement with Magnora ASA (Magnora) to jointly pursue floating offshore wind project...
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Art of Subcontracting
- Mar 28, 2021
- 2 min
Equinor makes big oil find in Norway
Equinor and partners Vår Energi, Idemitsu Petroleum and Neptune Energy have made the biggest discovery so far this year on the Norwegian...
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Art of Subcontracting
- Mar 28, 2021
- 1 min
Aramco likely to partner with China on blue hydrogen, CEO Says
Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage. Saudi...
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Art of Subcontracting
- Mar 20, 2021
- 2 min
Rystad energy predicts record recovery for Offshore Oil & Gas Projects
Offshore oil and gas development set to recover from the pandemic shock to prices and demand. Commitments for offshore Oil and Gas...
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Art of Subcontracting
- Mar 20, 2021
- 3 min
ADNOC Group bans Petrofac from new contracts on bribery charges
Global engineering giant Petrofac has been banned from competing for new projects in the UAE after the company's former global head of...
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Art of Subcontracting
- Mar 20, 2021
- 1 min
Sparrows Group secures trio of Angolan contracts
Sparrows Group has secured one contract renewal and two extensions, worth a seven-figure sum, in Angola to support major operators in the...
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Art of Subcontracting
- Mar 20, 2021
- 1 min
Petrofac secures Iraq contract extension
Petrofac’s Engineering & Production Services division has secured a one-year contract extension worth around US$80 million with a key...
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