Energy, Oil and Gas news and features

South Korean firm wins $1.46bn Saudi water plant contract
Saudi state-owned Saline Water Conversion Corp (SWCC) has awarded South Korea's Doosan Heavy Industries and Construction a $1.46bn contract to build a new desalination plant in the kingdom, Reuters has reported. The plant will produce 1.025 million cubic metres of desalinated water per day and will be integrated with a 2,400 megawatts (MW) power plant, in Ras Azzour, on the Gulf coast. The plant, expected to be the world's largest would be completed in January 2014, Doosan said.
2010-09-02, 01:00:49

Abu Dhabi awards contract for refinery pipelines
GS Engineering and Construction has been awarded a $623m contract by Abu Dhabi Oil Refining Co (Takreer) for engineering and construction works on refinery pipelines in Abu Dhabi, Wam has reported. With a total length of 955km of pipeline ranging from 10 to 28 inches in diameter, the planned pipeline network connecting the refineries with various terminals in Abu Dhabi will be capable of covering the increase in demand in refined petroleum products for the foreseeable future, Takreer said.
2010-09-02, 12:57:35

Halliburton secures Iraq contract from Eni
Italian oil company Eni has awarded US-based Halliburton a multimillion dollar contract to help develop 20 oil wells in the Zubair field in southern Iraq, Reuters has reported. The contract included providing services such as wire-line logging, perforating, acidising and well testing. Halliburton did not give financial details of the deal.
2010-09-01, 12:15:02

Desertec looks for new shareholders in MENA region
The chief executive of Desertec Industrial Initiative (DII) has said the project is seeking new shareholders in the Middle East and North Africa in an attempt to broaden its geographical reach, Reuters has reported. There are a number of interested parties. We are in intensive talks with companies in the Mena region, which we are trying to win as new shareholders, he added, but declined to name any potential candidates, Paul van Son told the news service. With an expected cost of €400bn ($509bn), the DII project's aim is to analyse how to develop clean energy in the deserts of North Africa that could supply up to 15% of Europe's power demand by 2050.
2010-09-01, 12:13:48

Kuwait and Saudi JV planning gas facilities at Khafji oilfield
Al-Khafji Joint Operations (KJO), a joint venture between Saudi Arabia and Kuwait, plans to build gas and natural gas liquids (NGL) collection and distribution facilities at the Khafji oilfield, Reuters has reported. Engineering firms have until September 27 to submit their bids for the project, which is estimated to cost at least $50m, KJO said. They want to collect the gas, which is being flared, and distribute it to Kuwait and Saudi, an industry source told the news service.
2010-08-31, 12:21:38