By John Lee. Scottish engineering company Weir Group has announced the sale of its Oil & Gas division to US-based Caterpillar Inc. The all-cash sale gives its Texas-based division an enterprise value of US$405m (£314m), subject to customary working capital and debt-like adjustments at closing. The move is part of Weir's strategy to become a […]
Tag Archives | Scotland
Aggreko wins Major Order in Iraq
By John Lee. Aggreko plc, the Scottish-based supplier of temporary power generation equipment, has won a significant order in Iraq during the first half of this year. In its results for the six months ended 30th June 2020, the company said: "Order intake [in its Power Solutions Utility division] was 237 MW (2019: 245 MW), […]
KCA Deutag Wins Contract Extension in Iraq
By John Lee. Scottish-based KCA Deutag has announces that its land drilling operation has won new contracts in the Middle East, Africa and Europe. In Iraq, two of the company's rigs have had their contracts extended by one year. KCA Deutag currently has three rigs in Iraq. (Source: KCA Deutag)
Scottish Sweet Company booming in Iraq
By John Lee. A Scottish sweet manufacturer is reportedly seeing sales of its fudge and toffee surge in Iraqi Kurdistan. According to a BBC report, Golden Casket linked up with Sulaymaniyah-based businessman Farhad Haseb to sell the confectionery to upmarket stores in Erbil and Dohuk, as well as other towns and cities in the region. […]
KCA Deutag Wins New Iraq Drilling Contracts
By John Lee. UK-based drilling and engineering contractor KCA Deutag has announced that it has been awarded a one year contract for two rigs to carry out land drilling operations in Southern Iraq. Its T-210 rig (pictured) will move from Oman to work along with the T-601, bringing the company's total number of rigs in […]
Wood Group's Iraq Progress "Slower than Anticipated"
By John Lee. Energy services company Wood Group has said that the "pace of activity" on its contract with Exxon in Iraq is "slower than anticipated." Exxon operates the West Qurna I field in southern Iraq. In its Annual General Meeting Statement on this morning, the Scottish-based company added that management’s expectations of full year […]
Tags: Exxon, Exxon Mobil, ExxonMobil, featured, Scotland, United Kingdom, West Qurna Oilfield News, Wood Group
EnerMech Launches JV with Khudairi Group
UK-based EnerMech has launched a joint venture with the Khudairi Group in Iraq to target both the re-emerging oil and gas and large infrastructure sectors. The JV, with one of the country’s longest established family-owned groups, is expected to generate $20 million-plus turnover within a short period. The downstream energy and infrastructure rejuvenation along with […]
UK MP: "Huge Potential for Growth in Iraq"
Ms Tasmina Ahmed Sheikh MP, Trade and Investment spokesperson for SNP, gives Keynote Speech to members at Council Meeting Dinner of the Iraq Britain Business Council (IBBC): “Huge potential for growth in Iraq”: Thank you very much for that warm welcome, and the invitation to speak to you all this evening. If it wasn’t already […]
Tags: featured, Iraq Britain Business Council (IBBC), Royal Bank of Scotland, Scotland, United Kingdom, Women
Deep Casing Tools Deploys First System in Iraq
Scotland-based casing and completion tool specialist Deep Casing Tools has continued its Middle East expansion with a successful deployment of its unique drillable turbine technology in Iraq. The company’s 7” Turbocaser Express™ high-speed reaming system was deployed recently for a client who had experienced previous liner running issues. The Turbocaser Express™ reamed through multiple problematic […]
IBBC Introduces Iraq to Aberdeen Chamber
By Editor on 16th May 2016 in Iraq Education and Training News, Iraq Industry & Trade News, Iraq Oil & Gas News
Entering Iraq: IBBC and members introduce Iraq to the Aberdeen Chamber of Commerce Representatives from the Iraq Britain Business Council (IBBC), members KCA Deutag and Control Risks, and UK Trade Envoy for Iraq Baroness Nicholson of Winterbourne, participated in a Lunch and Learn session at the Aberdeen and Grampian Chamber of Commerce on 13 May […]
Tags: Aberdeen and Grampian Chamber of Commerce, Basra News, Control Risks, featured, Iraq Britain Business Council (IBBC), KCA Deutag, QuEnSH Specialists, Restrata, Robert Gordon University, Scotland, South Group Corporation, United Kingdom, University of Aberdeen
Wood Group Wins Two New Iraq Contracts
UK-based energy services company Wood Group has secured two new, three-year contracts, collectively valued at over $140 million, to deliver technical services and expertise to one of the world’s leading international oil companies (IOC) in Iraq. Wood Group PSN (WGPSN) will provide brownfield front end engineering design, detailed engineering, project management, procurement services, system completion […]
Iraq our "Fastest Growing New Business"
By John Lee. Temporary power firm Aggreko has said that Iraq is its fastest growing new business. In its Half-Yearly Report, the Scottish-based company said: "Our fastest growing new business is Iraq, where we are supporting the development of the oil and gas sector in Southern Iraq and Kurdistan. "We are clearly cognisant of the […]