By John Lee. Oil and gas company TechnipFMC has agreed to pay more than $5 million to settle an Iraq-related corruption case with the US Securities and Exchange Commission (SEC). The company is alleged to have taken part in bribery between 2008 and 2013 to secure business from Iraqi state-owned oil companies. Just last month, […]
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TechnipFMC Fined for Iraq Bribes
By John Lee. Oil services firm TechnipFMC (TFMC) has agreed to pay $296 million to resolve allegations that the company paid bribes in Brazil and Iraq. TFMC is the product of a 2017 merger between two predecessor companies, Technip S.A. and FMC Technologies, Inc.. The admissions and court documents establish that beginning by at least […]
Tags: bribery, Corruption, featured, FMC Technologies, Foreign Corrupt Practices Act (FCPA), Missan Oil Company (MOC), mn, Monaco, South Oil Company (SOC), Technip, TechnipFMC, United States
Technip wins Basra Refinery Contract
By John Lee. France's Technip, in partnership with UNICO, a Japanese engineering consultant, has been awarded a Project Management Consultancy (PMC) contract on a reimbursable basis, for the upgrading of the Basra refinery. This contract, awarded by Ministry of Oil's South Refineries Company (SRC), covers the engineering, procurement, construction, commissioning, start-up and warranty management phase […]
Tags: 'Your Country' - United Kingdom, Basra News, Basra Refinery, featured, France, Japan, Japan International Cooperation Agency, JICA, Refineries, South Refinery Company, SRC, Technip, Unico
Technip Wins FEED Contract at Rumaila
Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), has been awarded a front-end engineering design (FEED) contract for the Ar Ratawi Natural Gas Liquids (NGL) train1 project at North Rumaila in Basra. The deal was awarded by the Basra Gas Company (BGC), a joint venture between the Iraq's South Gas Company (51%), […]
Tags: Abu Dhabi, Basra News, China, France, front end engineering and design (FEED), Mitsubishi, Shell, South Gas Company, Technip
Hyundai Wins $6bn Kerbala Refinery Deal
By John Lee. A group of companies led by Hyundai Engineering & Construction has won a $6.04-billion contract to build the new 140,000-bpd Kerbala oil refinery. The Iraqi cabinet approved the deal between the Oil Ministry's State Company for Oil Projects (SCOP) and the consortium on Tuesday. Construction is to be completed within 54 months. […]
Tags: Hyundai, Karbala, Karbala refinery, Kerbala, Kerbala refinery, korea, Refineries, State Company for Oil Projects (SCOP), Technip
Iraq Looks to Foreign Investment To Boost Oil Capacity
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Technip, a French company specializing in the management of energy producing installations, received a “significant contract” in the second phase of the oil refinery project in the Iraqi province of Karbala, […]
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Technip Wins Contract for Karbala Refinery
Iraq's State Company for Oil Projects (SCOP) has awarded French company Technip a significant contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) phase of the Karbala refinery. This award follows the front-end engineering design (FEED) executed by Technip in 2010. The scope of work will cover two phases: phase […]
Tags: Karbala, Karbala refinery, Kerbala, Refineries, Refinery of Karbala Corporation (RKC), SCOP, State Company for Oil Projects, Technip
Design of Kerbala Refinery Needs to be Changed
Iraq's deputy oil minister, Ahmed Shamma (pictured), told the Iraq Refinery conference in London on Tuesday that the FEED (front end engineering and design) of Iraq's 140,000 barrel a day Kerbala refinery will have to be changed to reduce the fuel oil output of the proposed plant, reports Dow Jones. The Kerbala plant, one of […]
Alstom Awarded $550m Power Contract
French engineering group Alstom has been awarded a contract to build an electrical power plant worth $550 million in Iraq, reports Reuters. The award of the Mansuriyah plant contract was announced as part of a visit to Iraq by French Trade Minister Pierre Lellouche. "The Iraqi Deputy Prime Minister confirmed ... the award of the […]
Contracts Awarded at Badra Oilfield
Gazprom Neft has completed the tendering process for the front end engineering design (FEED) for the Badra oil field in Iraq, with the contract being awarded to French Technip, according to Penn Energy. The project preparation is expected to be completed by June 2011. The tender award decision has also been taken for the road […]
PetroChina Invites 7 Contractors to Bid for Halfaya
PetroChina has invited seven contractors to submit the bidding documents for engineering, procurement and construction work on the first phase of development at the Halfaya oilfield in Iraq in the first week of 2011, the Norway-based energy newspaper Upstream has reported. The report said the companies invited to participate in the tender include the UK-listed […]