Industrial Insights
Industry developments, technical guidance, product knowledge and procurement insights for contractors, EPC teams and industrial buyers.
Maaden Awards $104M EPCM Contract to Bechtel for Ar Rjum Gold Mine
Maaden has awarded a major Engineering, Procurement, and Construction Management (EPCM) contract to Bechtel for its Ar Rjum gold mine. This announcement follows Maaden’s Final Investment Decision (FID) on Ar…
Petrojet Awarded $1Billion Contract for Hassi Bir Rekaiz Development in Algeria
The Petroleum Projects and Technical Consultations Company (PETROJET) has received a preliminary award for the general contractor contract for the second-phase development of the Hassi Bir Rekaiz conventional oil field…
Saipem Wins $600 Million in Offshore Contracts in Azerbaijan
Saipem, in consortium with BOS Shelf LLC and BOS Shelf International FZCO — both affiliates of the State Oil Company of the Azerbaijan Republic (SOCAR), has secured three new offshore…
Saipem Authorized to Execute $500M Hammerhead Offshore Project by ExxonMobil Guyana
Saipem has been authorized by ExxonMobil Guyana Limited to proceed with the engineering, procurement, construction, and installation (EPCI) activities for the Hammerhead oil field development, located in the Stabroek block…
McDermott Secures EPCI Contract for PTTEP’s Block H Gas Field Expansion Offshore Malaysia
McDermott has secured a significant offshore subsea contract from PTTEP Sabah Oil Limited (PTTEP) for the Block H gas field expansion project offshore Sabah, East Malaysia, covering the Alum, Bemban,…
Saipem Awarded $1.5 Billion Offshore Contract for Sakarya Gas Field Development
Saipem has been awarded a new offshore contract by Turkish Petroleum OTC for the third phase of the Sakarya gas field development in Turkey, valued at approximately USD 1.5 billion.…
Subsea7 Awarded Major EPCI Project with Aramco Offshore Saudi Arabia
Subsea7 has announced the award of a major project under its long-term agreement (LTA) with Aramco for facilities located offshore Saudi Arabia. The scope covers the engineering, procurement, construction, and…
Hyundai E&C Wins $3 Billion Contract for Seawater Treatment Plant in Iraq
Hyundai Engineering & Construction Co. (Hyundai E&C) has bagged a $3 billion order to build a seawater treatment plant in Iraq, marking the builder’s second-largest construction project in the country.…
Wison New Energies Signs EPCIC Contract with TPAO for Sakarya Gas Phase 3 FPU Project
Wison New Energies has officially signed an EPCIC (Engineering, Procurement, Construction, Installation, and Commissioning) contract with Turkish Petroleum Corporation (TPAO) for the Floating Production Unit (FPU) in Phase 3 of…