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Petrofac lands two contracts worth $1.65 billion
Feb. 19, 2020

Petrofac lands two contracts worth $1.65 billion

Oilfield services provider, Petrofac yesterday informed about securing two contracts worth ~$1.65 billion from state-run ADNOC for the Dalma gas development project in the UAE. The first package of the contract, priced at $1.07 billion, pertains to developing gas processing facilities at Arzanah island. The second tranche is estimated to be worth $591 million. The contract award comes as the UAE looks to achieve gas self-sufficiency.

NV5 lands a $34 million EPC contract
Feb. 11, 2020
Source: Oil and Gas 360

NV5 lands a $34 million EPC contract

Florida-based engineering and consulting solutions provider, NV5 Global Inc. has announced the award of a $34 million EPC contract for the liquefaction system upgrade at an LNG facility. The project will bring in a new liquefier to substitute an older system for increasing the capacity and improving reliability, safety, and ease of operation. The project is slated for completion in approximately 18 months.

EPC giant McDermott files bankruptcy
Jan. 22, 2020
Source: Bloomberg

EPC giant McDermott files bankruptcy

The leading engineering and consultancy firm, McDermott has filed for bankruptcy. While filing at the Southern District of Texas, the firm has estimated its liabilities to lie between $1 billion and $10 billion. McDermott has also decided to liquidate Lummus Technology unit for at least $2.725 billion. The company has been struggling with the debt taken on from its $3.5 billion takeover of Chicago Bridge & Iron Co. in 2018.

McDermott shares fall over bankruptcy reports
Jan. 2, 2020
Source: Bloomberg

McDermott shares fall over bankruptcy reports

EPC giant, McDermott's share saw a downfall for a second day on Tuesday, stressed by reports of McDermott discussing bankruptcy with lenders. Sources revealed that the representatives of McDermott, BauPost Group LLC and HPS Investment Partners LLC are looking to negotiate for a $2 billion bankruptcy loan. The company had struggled to acquire over Chicago Bridge and Iron Company and cleared the remaining projects leading to less profit in September.

Exxon's EEPGL awards a contract to Saipem
Nov. 16, 2019

Exxon's EEPGL awards a contract to Saipem

ExxonMobil's subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded a contract to Saipem. The contract is for the proposed Payara development project in Stabroek block offshore Guyana. Under the scope of this contract, subsea structures, risers and flowlines for Payara are also included. Italian contractor will be in charge of procurement, construction and installation (EPCI) of a large subsea production facility.

Subsea 7 lands EPCI contracts offshore Saudi Arabia
Sept. 10, 2019

Subsea 7 lands EPCI contracts offshore Saudi Arabia

Subsea 7 has landed three EPCI contracts from state-run Saudi Aramco. Subsea 7 will carry out the contracts with India’s L&T Hydrocarbon Engineering. The contract requires the firms to perform EPCI works for a total of 28 jackets involving eight new jackets to be instated in the Marjan and Zuluf fields, ten jackets in the Safaniya and Zuluf fields and another ten Jackets in the Zuluf and Ribyan fields.

McDermott lands Saudi Aramco’s offshore EPCI contract
Aug. 2, 2019
Source: World Oil

McDermott lands Saudi Aramco’s offshore EPCI contract

Saudi Aramco has awarded an EPCI contract to McDermott International for a production deck module (PDM) in the Hasbah gas field with hook-up and modification works in Karan fields. The contract requires McDermott to carry out EPCI of Wellhead PDM for four wefalls, CRA cladded flowline, subsea umbilical cable, offshore tie-ins to existing facilities and electrical modifications to existing PDMs.

McDermott lands EPCI contract for Marjan Package 1
July 11, 2019
Source: World Oil

McDermott lands EPCI contract for Marjan Package 1

McDermott International has secured an EPCI contract for the Gas-Oil Separation Plant (GOSP) for the Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project. The approximately $3 billion contract will require McDermott to deploy an integrated execution model exploiting its extensive global assets and facilities. The Package 1 GOSP separation platform is situated offshore the Arabian Gulf.

L&T secures twin contracts from ONGC
June 28, 2019

L&T secures twin contracts from ONGC

L&T Hydrocarbon Engineering, yesterday, informed in a regulatory filing about landing twin orders from oil major, ONGC. The contract requires L&T to carry out EPCIC services for the development of Heera Panna block and Mumbai High South field of the western offshore basin near Mumbai. L&T secured the contracts through international competitive bidding.

TechnipFMC lands major subsea contracts for Anadarko’s Mozambique project
June 20, 2019

TechnipFMC lands major subsea contracts for Anadarko’s Mozambique project

EPC giant, TechnipFMC has landed subsea contracts for Anadarko’s Mozambique LNG Project. Valued at over $1 billion, the contract will require TechnipFMC to work in collaboration with Van Oord and Allseas to carry out the EPCI of the subsea hardware system. TechnipFMC also bagged separate contracts through its subsidiary FMCTI to deliver subsea hardware to support well construction and the EPCI scope.

Bechtel receives EPC contract from NextDecade
May 29, 2019
Source: World Oil

Bechtel receives EPC contract from NextDecade

Bechtel has been awarded an engineering, procurement, and construction (EPC) contract by NextDecade. The contract pertains to the first phase of the Rio Grande LNG project. There will be three liquefication trains, two 180,000 m3 storage tanks, and two marine berths in this project. Bechtel is global project management, engineering, and construction company which is making an effort to provide clean energy to the world.

McDermott secures EPCI contract from Petrobras
May 15, 2019
Source: World Oil

McDermott secures EPCI contract from Petrobras

EPC giant, McDermott has secured a contract from Petrobras to carry out engineering, procurement, construction and installation (EPCI) of subsea risers and flowlines under Phase-1 of the Sepia field project. McDermott plans to utilize five vessels for the installation phase at ultra-deepwater depths. The engineering work will most likely begin immediately, and McDermott will reflect the contract in the second quarter of 2019 backlog.

KBR secures EPC contract for Freeport LNG
May 14, 2019

KBR secures EPC contract for Freeport LNG

American EPC giant, KBR Inc has secured an EPC contract for Train 4 at the Freeport LNG project in Texas. The expected EPC contract will require KBR to carry out engineering, procurement, construction, commissioning and start-up of the 5 mtpy LNG train and associated gas pre-treatment plant. The contract is expected to conclude within this quarter.

Piedmont awards EPC contract to Matrix Service
May 4, 2019

Piedmont awards EPC contract to Matrix Service

Oklahoma-based Matrix Service Company has secured an EPC contract for the Piedmont Natural Gas LNG facility in North Carolina. The contract was awarded to Matrix’s subsidiary, Matrix Service Inc, who will carry out engineering, procurement and construction services for the 1 billion cu. ft storage facility. The project which will begin this month, is slated for completion in the summer of 2021.

TechnipFMC secures a contract worth approx $250m
April 25, 2019

TechnipFMC secures a contract worth approx $250m

TechnipFMC has been awarded a contract whose worth is expected to be between $75m and $250m. It has been awarded this contract for the TOR II development in the North Sea where it is incharge of integrated engineering, procurement, construction and installation (iEPCI). The scope of work includes delivery and installation of a subsea production system including deployment of umbilical, rigid flowlines and ancillary subsea equipment.

Qatar Petroleum invites 3 groups to bid for North Field reservoir
April 16, 2019
Source: Energy Voice

Qatar Petroleum invites 3 groups to bid for North Field reservoir

Qatar Petroleum has planned to expand its production in the North Field reservoir. Working on this strategy, it has asked three groups to bid for engineering procurement and construction packages on LNG mega trains. The first group is a JV between Chiyoda Corporation and Technip France, the second group includes JGC Corporation and Hyundai Engineering and Construction and the third group has Saipem, McDermott Middle East Inc. and CTCI Corporation19.

Petrofac secures £750m EPC contract in Algeria
March 14, 2019
Source: Energy Voice

Petrofac secures £750m EPC contract in Algeria

British energy services firm, Petrofac has secured a £750 million contract award for the Ain Tsila project in Algeria. Under the terms of the contract, Petrofac will provide engineering, procurement and construction services for the Groupement Isarene-operated project. The project will produce gas, LPG and condensate for the domestic market and for export. Groupement Isarene is a joint venture between Sonatrach, Petroceltic, and Enel.

KBR secures contract for ExxonMobil’s Beaumont Refinery
Feb. 26, 2019

KBR secures contract for ExxonMobil’s Beaumont Refinery

US EPC firm, KBR, Inc. has been awarded a reimbursable contract by oil supermajor ExxonMobil for the recently announced crude expansion project. The contract requires KBR to provide detailed engineering, procurement, and construction (EPC) services for the offsites and interconnecting units. Farhan Mujib, KBR President, Hydrocarbons - Delivery Solutions said "KBR is proud to continue our relationship with ExxonMobil through our partnership on this project."

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