Page 32 - Samsung Engineering News Today

Samsung wins $650m Saudi petchem plant contract RIYADH, 4 hours, 59 minutes ago Samsung Engineering Company, a leading engineering, procurement, construction and project management (EPC&PM) company, said it has clinched a $650 million deal to build a petrochemical plant at Jubail Industrial City II in Saudi Arabia.   The contract was awarded by Advanced Global Investment Company, a subsidiary of Saudi Arabias Advanced Petrochemical Company.   As per the deal, Samsung Engineering will bu...

Kuwait confirms lowest bidder for Jurassic projects MEED    9 April 2021 (Last Updated April 9th, 2021 09:52) Kuwaiti contractor Spetco has been confirmed as the lowest bidder for Kuwait Oil Companys (KOC) Jurassic production facilities (JPF) projects known as JPF-4 and JPF-5, according to official data published by the country’s Central Agency for Public Tenders (CAPT). Local contractor submitted the low bids, estimated to ...

Share South Korean Trade, Industry and Energy Minister Sung Yun-mo delivers a keynote speech during the 2019 Korea Hydrogen Expo at Dongdaemun Design Plaza in Seoul on June 19, 2019. Yonhap Korea, UAE team up on hydrogen economy Sun, 7 March 2021 South Korea signed an agreement with the UAE on March 4 to cooperate on the hydrogen economy, further expanding their partnership currently focused on nuclear energy, oil and gas. During the Korea-UAE Industry and Energy Cooperation Forum held online, ...

GC and Samsung Engineering sign contract for Olefins 2 modification project published : 15 Feb 2021 at 15:50 Aiming to enhance GC’s feedstock flexibility and long-term competitiveness PTT Global Chemical Public Company Limited (GC), the largest petrochemical and refining company in Thailand, signed a contract for a $125-million Olefins 2 Modification Project (OMP) in Thailand with Samsung Engineering, one of the world’s leading engineering, procurement, construc...

The global oil and gas sector witnessed a marginal decline in 2020 in the number of contracts, which fell from 1,283 in Q3 to 1,145 in Q4. However, there was a 28 per cent increase in terms of value which surged from $17.58 billion to $22.55 billion.

Builders eye overseas LNG projects to improve profitability Posted : 2021-01-07 09:32 gettyimagesbank Domestic construction firms are eyeing overseas LNG projects as a new cash source, as part of efforts to lower their reliance on the domestic real estate market, which is under strict government regulations to control housing prices. According to the International Contractors Association of Korea, 359 builders here won 567 contracts worth $35.1 billion in 98 countries in 2020, up 57 percent f...

Petrofac starts up largest CDU in Kuwait Kuwait’s Clean Fuels Project has started up the country’s largest crude distillation unit (CDU) 111, at the Mina Abdullah refinery. Petrofac is leading the joint venture of service companies working on the refinery, for Kuwait National Petroleum Co. (KNPC). Samsung Engineering Co. and McDermott International are working with Petrofac. The CDU is the largest in Kuwait, Petrofac said. The facility has refining capacity of 264,000 barrels per day. The c...

GCC’s Best Completed Projects December 18, 2020 MEED-GlobalData has revealed the winners of its 10th annual MEED Project Awards at an awards ceremony in Dubai. The awards celebrate the GCC’s best projects completed in 2018 and 2019.  25 organizations from UAE, Saudi Arabia, Kuwait, Bahrain, and Oman were commended for their achievements across 19 unique categories – including Commercial Property Project of the Year, Digital Infrastructure Project of the Year, Healthcare Project of the Ye...

The worlds largest single-site solar development bagged multiple accolades at the MEED Projects Awards 2020 The UAE’s Noor Abu Dhabi solar development was named as the Project of the Year at the 2020 edition of the MEED Projects Awards. The world’s largest single-site solar project also bagged two other awards: Mega Project of the Year and Power Generation Project of the Year. MEED unveiled the winners of its 10 th annual MEED Projects Awards at a ceremony in Dubai, celebrating the GCC’s ...

Hydrocarbon Processing Top Project Awards 2020 The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals. Hydrocarbon Processing Staff The global hydrocarbon processing industry (HPI) continues to expand and modernize to efficiently meet growing demand for energy, transportation fuels and petrochemicals. At present, the Hydrocarbon Processing Construction Boxscore Database is trackin...