Technip

Saudi Aramco delays fourth development project

Saudi Aramco, continuing to review and delay major projects in the light of the global financial crisis, has cancelled plans for a $1.2 billion project to restart production from its historic Dammam oil field. "We were told it...

Kuwait's EQUATE declares official startup of new Olefins II Ethylene plant

EQUATE Petrochemical Company announced Monday the launch of commercial operations at the Olefins II Kuwait Program (OL2K) Ethylene Unit (EU2), which was achieved on November 20, 2008. In a press release, EQUATE's Board of...

ZCA register their first win after defeating Al Marjan

The youngsters from Zayed Cricket Academy registered their first tournament win during the Abu Dhabi Cricket Council's division Two Salama Insurance trophy, defeating Al Marjan Herbs by seven wickets over the weekend.

Preliminary Annual Results

Neptune Minerals (AIM: NPM), a leading explorer and developer of seafloor massive sulphide (SMS) deposits is pleased to announce its preliminary results for the year ended 30 June 2008 this includes an extract from the Chairman...

Unbeaten ton by Rizwan helps Technip win

Abu Dhabi: An unbeaten century from Technip's Mohammad Rizwan helped his side take a 13-run victory in the Salama Trophy cricket action over the weekend. Nisar Shah of RBS turned in an excellent individual display while UAE...

UPDATE 2-Aramco reviewing Manifa project, Saipem plunges

MILAN, Nov 21 (Reuters) - Saudi Arabian oil company Aramco is reviewing its $9 billion Manifa oil field project and Saipem SpA, a major contractor, has been told not to take on any more commitments for it, the Italian company...

BRIEF-Technip CEO says very few projects have been abandoned

PARIS, Nov 21 (Reuters) - Technip SA : * CEO says cost of projects will fall as oil, raw material prices dip. * CEO says clients seeking delays on certain purchases for contracts. * CEO says very few projects have been...

Petrobras Tests First Oil Platform Made 100% in Brazil

Brazilian oil multinational's Platform P-51, the first unit entirely built in Brazil, has left shipyard BrasFELS, in Angra dos Reis, on the southern coast of Rio de Janeiro, heading for Ilha Grande bay. There, the platform...

Valiant Progresses with Don Development, Anticipates Start Up in Early '09

Valiant has achieved a number of field development milestones on the Don South West and West Don fields, including the mooring of the Northern Producer floating production facility, completion of subsea work and drilling of...

Advanced Projects Proceeding, Future Investments Being Reassessed, Says Technip

Advanced Projects Proceeding, Future Investments Being Reassessed, Says Technip Well advanced projects are likely to proceed normally, but future investments in new projects are more likely to be reassessed, said engineering,...

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