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NPCC wins $231 million contract category
Nov. 5, 2018
Source: Energy Voice

NPCC wins $231 million contract

National Petroleum Construction Co. (NPCC) of Abu Dhabi informed that the company has won a construction contract from Kuwait Oil Company. The contract is of $231 million. Under the scope of this contract, NPCC will have to build facilities in order to reduce crude salinity. These facilities will be built at the four oil gathering stations that are operated by Kuwait Oil.

KOC awards second major shipbuilding contract to Grandweld category
March 12, 2018

KOC awards second major shipbuilding contract to Grandweld

In the midst of heightened supply in the US and strengthening dollar, oil has hit its lowest level in three weeks. Against this backdrop, OPEC continues to trim output and it is expected that the organization will do all that it takes to preserve oil market stability. The enhanced dollar strength will push crude lower and for certain, will act as a headwind for oil.

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