Home / 2009's winners and losers in the oil industry

2009's winners and losers in the oil industry

by Kevin Baxter on Dec 22, 2009

1 Comment

The Iraqi oil auctions. (Getty Images)

Technip

The French contractor has been cutting a swathe through the industry in a similar fashion to Petrofac recently. The most high profile of its contract awards are the two it has won to carry out the engineering, procurement and construction (EPC) of the conversion unit and the offsites and utilities at the Saudi Aramco Total Refining Co (Satorp) oil refinery at Jubail.

It is estimated that the value of the contracts is around the US$3 billion mark and added to the recent contract it won for a mid-sized LNG plant in China and the $4 billion joint venture with Chiyoda for the construction of the LNG trains at the Qatargas project at Ras Laffan Industrial City it seems that the credit crunch has yet to hit the French engineering giant.

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FEATURED COMMENT

I'm not sure the NOCs are out of the woods yet! Nice feature though

1 Comments

Readers' Comments

Nick (Jul 14, 2009)
Dubai
United Arab Emirates

NOCs
I'm not sure the NOCs are out of the woods yet! Nice feature though

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