In line with Iraq’s ambitious aim to implement a stable macroeconomic framework in the country, the government seeks to unlock potential investment opportunities in both the oil and gas as well as non-oil sectors, said Frost & Sullivan, a global market research and analysis firm
Industry
Trinidad awarded contract for two rigs in Kuwait
Alberta-based Trinidad Drilling Ltd has received a five-year contract to build two Trinidad Drilling International (TDI) joint venture rigs in Kuwait, which will begin operating by Q2 2019
Atkins wins new framework agreement for riser analysis
Atkins, a member of the SNC-Lavalin Group, has received a five-year framework contract by BP global wells organisation for global riser analysis services
KBR wins LNG contract in Oman
Oman Liquefied Natural Gas LLC (Oman LNG) has awarded a project management consultancy (PMC) services contract to KBR, Inc for a new 120MW gas engine power plant
OPEC meeting in Vienna agrees to raise oil output
During the 174th Meeting of the OPEC Conference in Vienna, OPEC and non-OPEC global oil giants have agreed to raise crude production, a move that aims to control the recent rise in global oil prices
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