International

US firm wins $30mln Kuwait oil consultancy deal

Published on : 2022-06-27

The US PetroTel Company has won an oil consultancy contract in Kuwait with a value of around 8.99 million dinars ($30million), a newspaper said on Monday.

The firm was among five companies which had bidden for a contract tendered by the state-owned Kuwait Oil Company (KOC), which manages the OPEC member’s upstream oil operations, the Arabic language daily Alanba said.

The other bidders are Oman-based Target Oilfield Services, France’s Beicip-Franlab as well as Halliburton and Robertson Energy of the US, it said, quoting KOC sources.

“KOC is planning to sign the contract with PetroTel after it submitted the lowest bid…the contract includes providing technical consultancy in oil and gas to KOC,” it added.

It noted that the value of bids submitted by the other companies ranged between 9.3 million Kuwaiti dinars ($30.7 million) and 9.9 million dinars (32.67 million).

TechnipFMC Secures Whiptail Project Contract with ExxonMobil Guyana

TechnipFMC has been awarded a contract by ExxonMobil Guyana Limited for the Whiptail project in Guyana Stabroek Block

Fadhili Gas Plant Expansion: Aramco Awards $7.7 Billion in EPC Contracts

Aramco Grants $7.7 Billion in EPC Contracts for Fadhili Gas Plant Expansion in Saudi ArabiaSaudi Aramco has recently awarded engineering, procurement, and construction (EPC) contracts worth $7.7 billion to facilitate a significant expansion of the Fadhili Gas Plant located in the Eastern Province of Saudi Arabia.