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Iran starts construction of $1bn petrochem plant Iran has started construction of a $1bn petrochemical plant in Gachsaran.

Iran starts construction of $1bn petrochem plant

The Gachsaran plant will have a capacity of of 5,000 tons of formic acid and 500 tons of vinyl acetate and generate over 400 jobs

 •   Indonesia signs new deal with Iran
 •   Iran hopes to sign $25bn oil deals within 2 years
 •   Iran probing if oil accidents were cyberattack


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KOC selects AVEVA for unnamed offshore project

KOC selects AVEVA for unnamed offshore project

One of AVEVA's software products will be used for the construction of an unnamed oil and gas project commissioned by Kuwait Oil Company
 
Proserv and KLAW team up to prevent spills in Gulf

Proserv and KLAW team up to prevent spills in Gulf

Oil and gas suppliers formed a strategic partnership to offer an enhanced field safety service preventing offshore spills in the Middle East
 
Abu Dhabi's GASCO receives LNG storage vessel

Abu Dhabi's GASCO receives LNG storage vessel

The vessel from Excelerate Energy has already collected its first cargo and will add 500mn standard cubic feet of gas per day to the grid
 
Installation work on SARB 4 in full swing: Ale

Installation work on SARB 4 in full swing: Ale

The transport and heavy-lifting contractor is working on an 18-month turnkey project for the Satah al-Razboot (SARB) offshore oilfield in Abu Dhabi
 

 

Aramco completes largest offshore tie-in platform

Aramco completes largest offshore tie-in platform

The Marham TP-9 Deck is part of the company's programme which covers the fabrication and installation of four oil producing platforms and associated pipelines and power cables
 
McDermott, Nakilat tie up for Qatar EPC projects

McDermott, Nakilat tie up for Qatar EPC projects

McDermott and N-KOM, the joint venture shipyard between Qatar's Nakilat and Keppel Offshore & Marine, will develop an integrated approach to target offshore EPC projects and repair and maintenance contracts in Qatar
 
APICORP and Bahri to launch $1.5bn shipping fund

APICORP and Bahri to launch $1.5bn shipping fund

The Fund's target is to acquire approximately 15 Very Large Crude Carriers (VLCCs) over three phases with total investments of up to $1.5bn composed of debt and equity
 
India's L&T wins $1.6bn gas field deal from Aramco

India's L&T wins $1.6bn gas field deal from Aramco

A consortium led by L&T Hydrocarbon Engineering, an offshoot of Mumbai-based Larsen & Toubro, has won the contract for the expansion of the second phase of the Hasbah offshore gas field located off the coast of Saudi Arabia
 
N-Sea opens new office in Dubai

N-Sea opens new office in Dubai

Move is in line with the company's efforts to strengthen its regional presence
 
Konecranes delivers 13 port vehicles to DP World

Konecranes delivers 13 port vehicles to DP World

The vehicles will be used in the container operations at its flagship Jebel Ali Port in the UAE
 
Schlumberger offshoot wins Egypt offshore contract

Schlumberger offshoot wins Egypt offshore contract

OneSubsea has been awarded an EPC contract in Egypt for the newly discovered Zohr offshore gas field
 
Maersk assures no layoffs after losing Qatar bid

Maersk assures no layoffs after losing Qatar bid

'Maersk Oil will be redeploying a number of its employees which today are based in Qatar elsewhere in its global organisation': Company statement
 
Total wins stake in Qatar's Al Shaheen oilfield

Total wins stake in Qatar's Al Shaheen oilfield

Total will be in charge with operating the oilfield starting July 14, 2017, and a new company named North Oil Co. will be created to manage the joint venture
 
Singaporean contractor wins first Mideast project

Singaporean contractor wins first Mideast project

Swiber's offshore EPCI contract win in Qatar, along with deals in Myanmar and Vietnam, boost its order book up to $1.2bn
 
BP, Shell among bidders to run Qatar oilfield

BP, Shell among bidders to run Qatar oilfield

The other bidders are Al Shaheen's current operator Maersk, as well as Total SA, Chevron Corp and ConocoPhillips
 




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