Topaz Energy and Marine have announced a new US$100mn contract with Dragon Oil, the upstream oil and gas subsidiary of Emirates National Oil Company (ENOC), in the eastern section of the Caspian Sea, offshore Turkmenistan
Gulf Petrochem Group (GP), has successfully raised US$150mn from a group of international and local financial institutions based in the GCC
Weatherford International has reported a net loss of US$171mn, or a loss of US$0.17 per share, and a non-GAAP net loss of US$282mn before charges and credits (US$0.28 non-GAAP loss per share) on revenues of US$1.36bn for the second quarter of 2017
The mega-project at Phu Quoc Island, Vietnam to generate growth in the local area, significantly contributing to the modernisation of the economy and supply channel in southern Vietnam
Petrofac has won a contract extension and a new award with a combined value of more than US$100mn for construction management, engineering, commissioning and start-up services for two international oil companies (IOCs) in Iraq
The new business announcement builds upon US$70mn of new awards in Iraq announced in April, for engineering, operations and maintenance services with two IOCs and South Oil Company, giving the Group good visibility of future work in the country and securing around 250 jobs. The company has built up an extensive track record in the country since 2010.
Mani Rajapathy, managing director, Engineering & Production Services East, said, “We’re delighted the IOCs in Iraq continue to choose Petrofac to support their operations. Iraq is an important market for us and, as evidenced by the number of awards we’ve secured there this year, we’ve consistently proven our delivery and execution capability on behalf of our clients.
“As we move forward, our teams will remain focused on ensuring services are delivered in alignment with our clients’ expectations to enable them to maximise value from their oil and gas assets.”
