Author: Rigs & Barge World
Oman has started the tendering process for the expansion of its Ras Markaz Oil Storage Terminal at Duqm. On 28 July, state company Oman Tank Terminal Company (OTTCO) invited companies to pre-qualify for an EPC tender to build eight new crude oil storage tanks that can hold 5.2mn barrels, doubling the site’s current capacity. The strategic project comes as Gulf producers are reassessing their energy infrastructure following Iran’s effective closure of the Strait of Hormuz during the current conflict and are looking for ways to bolster their storage capabilities outside of the strait in particular. Across the region, governments are…
Design-and-build tender for flood control networks in western Doha closes on 22 September Source link
Al-Mazrui International has joined the existing consortium of investors led by New York-headquartered hedge fund Mason Capital Management and UK-based asset manager Pearlstone Alternative, which acquired Petrofac Emirates in late May Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
The scheme will monetise flare and associated gas from the Qarn Alam cluster and the Fahud field, both in PDO’s northern portfolio within Oman’s Block 6 concession Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
The project represents the second phase of Oman Tank Terminal Company’s Ras Markaz oil storage terminal at Duqm, on the sultanate’s Arabian Sea coast Register for MEED’s 14-day trial access Contractors have submitted prequalification documents to state-owned Oman Tank Terminal Company (OTTCO) for a major project related to the expansion of the Ras Markaz crude oil storage complex at Duqm, on the sultanate’s Arabian Sea coast. The project involves the engineering, procurement and construction (EPC) of eight large storage tanks, each with a capacity of 650,000 barrels. This will increase the Ras Markaz terminal’s total storage capacity by 5.2 million barrels. …
Crescent Petroleum and Dana Gas will provide 100 million cubic feet a day of natural gas from the Khor Mor field in Kurdistan to the Kirkuk power station for one year, under a deal signed in December Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
The operator is expected to issue the EPC tender later this year for the nearly 15,000 b/d project, which will primarily convert naphtha into Euro 5-compliant gasoline and other high-value products Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news, bids, awards and updates The latest Industry data and competitor insights SUBSCRIBE To MEED REGISTER to unlock sample content Source link
The contract awarded by Adnoc Offshore to India’s Larsen & Toubro relates to a key offshore package of the $6.2bn Umm Shaif gas cap project Register for MEED’s 14-day trial access Indian contractor Larsen & Toubro (L&T) has announced that it has been awarded a major contract by the offshore business of Abu Dhabi National Oil Company (Adnoc Offshore). Mumbai-headquartered L&T described the order as “ultra-mega”, a term the company uses for contracts valued at more than INR150bn ($1.57bn). The project will be executed through a consortium, with its subsidiary LTEH Offshore serving as the lead partner, L&T said in…
The Saudi energy giant posted adjusted net income of $33.38bn in the second quarter, keeping crude exports flowing via its East‑West pipeline to Red Sea terminals to bypass the closed Strait of Hormuz Source link
Alexandria Mineral Oils Company (AMOC) reported higher revenues and profitability for the fiscal year (FY) ending June 30, 2026, according to both its unaudited standalone and consolidated financial statements sent to the Egyptian Stock Exchange. On a consolidated basis, revenues increased by 35% to EGP 26.2 billion in the FY 2025/26, compared to the previous fiscal year. Meanwhile, the net profit after tax jumped by 109% to EGP 1.90 billion. As for the company’s standalone financial statements, revenues rose by 35% to EGP 25.6 billion in FY 2025/26, net profit after tax grew by 139% to EGP 1.62 billion. The…