Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well as providing key upgrades to its key energy infrastructure.
Kuwait-based Mechanical Engineering and Contracting Company (MECC) has emerged as the lowest bidder for three major power infrastructure projects being developed by Kuwait Oil Company (KOC) at a total investment of KD132.28 million ($427 million).
Leading Chinese group Jereh New Energy Regeneration and Recycling Tech (Jereh NER) has secured an oil-based drilling cuttings treatment service contract from Kuwait Oil Company. Once completed, each unit will be able to process 12 tonnes per hour, backing continuous large-scale KOC operations.
Action Energy Company, Kuwait’s leading firm for upstream services and major owner and operator of rigs in the region, has secured a new credit facility and renewed and expanded an existing facility, from two local banks with a combined value of KWD40.9 million ($132.68 million), said the company.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a key contract worth KD174.2 million ($563 million) from Kuwait Oil Company (KOC) for the construction of flowlines as well as other associated works at its project site in Kuwait.
Kuwait Petroleum Corporation (KPC) said it has signed a strategic agreement to explore the development of a power and steam co-generation plant in the country's Ratqa area, in a move aimed at improving efficiency across Kuwait’s oil and power sectors.
Combined Group Contracting (CGC), a leading infrastructure specialist, has secured multiple high-value contracts worth $210 million from Kuwait Oil Company. The scope of work includes development of complex oil and gas infrastructure developments in Kuwait.
TotalEnergies and Kuwait Oil Company (KOC) signed a Memorandum of Understanding (MoU) to strengthen their cooperation, exchange expertise and conduct technical studies. The MoU includes studies related to new exploration opportunities in the country, for which TotalEnergies will mobilise its technical expertise.
Global technology company SLB has announced that Kuwait Oil Company has awarded it a $1.5 billion, five-year integrated contract for the Mutriba field in Kuwait, including design, development and production management.
Heavy Engineering Industries & Shipbuilding Company has announced that it has secured a major contract worth KD174.2 million ($567.4 million) from Kuwait Oil Company for the construction of flowlines and associated works at its upstream oil facilities.
