Tag: oil field

Energy, Oil & Gas

Heisco snaps up $567m KOC upstream infrastructure development work

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. ...

Energy, Oil & Gas

Action Energy Company completes listing on Boursa Kuwait

Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors. ...

Energy, Oil & Gas

Wood wins new engineering contract at Iraqi oil field

Wood, a leader in consulting and engineering, has secured a new contract to deliver project management and engineering services for PetroChina at the West Qurna 1 oilfield in southern Iraq. Under the contract, Wood will manage engineering, procurement and construction projects....