Israel, the United Arab Emirates and Bahrain have signed a peace agreement that marks a step towards normalising diplomatic relationships in the Middle East.
Petrofac has won an engineering, procurement, construction and commissioning (EPCC) contract from Bahrain’s Tatweer Petroleum.
The discovery of a billion-barrel oil and gas find off the coast of Bahrain may only see “a fraction” of the reserves recoverable, claims a senior oil analyst for the region.
Bahrain has announced the discovery of 80 billion barrels of shale oil, the island nation’s largest oil and gas find ever.
Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency.
TechnipFMC is part of a group which has bagged a $4.2billion contract for expanding an oil refinery in Bahrain.
The first LNG receiving and regasification terminal in the Middle East developed on a PPP basis, has completed limited recourse financing for the project.