Massive investment alert: bp and Iraq join forces to transform Kirkuk’s oilfields and green energy

Massive investment alert: bp and Iraq join forces to transform Kirkuk’s oilfields and green energy

In a landmark development for the Middle East, bp has formalised a memorandum of understanding (MoU) with the Government of the Republic of Iraq to spearhead a comprehensive redevelopment initiative for the Kirkuk region. This pivotal agreement encompasses a wide range of investments including oil and gas development, power generation, and solar energy projects, with […]

McDermott awarded EPCIC contracts for Al-Shaheen field expansion in Qatar

McDermott awarded EPCIC contracts for Al-Shaheen field expansion in Qatar

In a significant move within the oil and gas industry, McDermott International, Inc. has been awarded two critical contracts by North Oil Company (NOC) for the Ruya Development Project aimed at expanding Qatar’s largest oil field, the Al-Shaheen field. These contracts, encompassing engineering, procurement, construction, installation, and commissioning (EPCIC) tasks, underscore McDermott’s pivotal role in […]

Project Ru’ya : QatarEnergy advances Al-Shaheen field development with $6bn EPCI contracts

Project Ru’ya : QatarEnergy advances Al-Shaheen field development with $6bn EPCI contracts

In a significant move to enhance its oil production capabilities, QatarEnergy has awarded four main Engineering, Procurement, Construction, and Installation (EPCI) contracts totaling more than six billion dollars. This monumental investment is aimed at the next development phase of the offshore Al-Shaheen field, Qatar’s largest oil field, with a vision to increase production by approximately […]