McDermott has been awarded a sizeable offshore transportation, installation and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for the Kikeh subsea gas lift project, located 75 miles (120 kilometres) northwest of the island of Labuan, offshore Sabah in East Malaysia. Under the scope of the contract, McDermott will remove the existing flexible gas lift riser and perform the installation and commissioning of a new dynamic riser section and flowline comprised of two thermoplastic composite pipe jumpers. This will enable gas delivery to a subsea production system tied back to the Kikeh floating production, storage and offloading (FPSO) vessel. ‘McDermott […]
Terminal News
TA’ZIZ secures $2 billion for methanol plant
The TA’ZIZ Methanol Company, a joint venture between TA’ZIZ and Proman, has achieved financial close on $2 billion (€1.7 billion) financing for the UAE’s first world scale methanol plant in
May 11, 2026
