The Oil and Gas Holding Company (nogaholding) and the Arab Petroleum Investments Corporation have signed a memorandum of understanding to promote collaboration between the two entities
Industry
Penspen reports US$48mn worth of new contracts in Q2 2022
Leading global energy services company Penspen has continued its momentum in the second quarter of this year, growing the business with the award of more than 27 new contracts totaling US$48mn across the international energy market
McDermott awarded Qatar FEED contract
McDermott International has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project
ADNOC Drilling wins two contracts for hiring jack-up offshore rigs
Abu Dhabi National Oil Company (ADNOC) announced that two contracts totalling more than US$3.4bn have been awarded to ADNOC Drilling to hire eight jack-up offshore rigs
Petrofac consortium wins Algeria contract
Petrofac, leading a consortium with Genie Civil et Batiment (GCB), has received notification of a provisional award for an engineering, procurement and construction contract with Sonatrach for the Tinrhert EPC2 Development Project in Algeria