Advertisement
Canada markets close in 5 hours 45 minutes
  • S&P/TSX

    21,951.17
    +65.79 (+0.30%)
     
  • S&P 500

    5,102.61
    +54.19 (+1.07%)
     
  • DOW

    38,269.92
    +184.12 (+0.48%)
     
  • CAD/USD

    0.7321
    -0.0003 (-0.04%)
     
  • CRUDE OIL

    83.99
    +0.42 (+0.50%)
     
  • Bitcoin CAD

    88,426.05
    +1,444.55 (+1.66%)
     
  • CMC Crypto 200

    1,340.22
    -56.32 (-4.04%)
     
  • GOLD FUTURES

    2,356.70
    +14.20 (+0.61%)
     
  • RUSSELL 2000

    1,998.63
    +17.51 (+0.88%)
     
  • 10-Yr Bond

    4.6490
    -0.0570 (-1.21%)
     
  • NASDAQ

    15,908.04
    +296.28 (+1.90%)
     
  • VOLATILITY

    15.25
    -0.12 (-0.78%)
     
  • FTSE

    8,129.33
    +50.47 (+0.62%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6835
    +0.0014 (+0.21%)
     

Britain's Petrofac wins $100 mln gas contract in Bahrain

KHOBAR, Saudi Arabia, Sept 18 (Reuters) - Britain's Petrofac (Amsterdam: PF6.AS - news) has won a contract worth about $100 million from Bahrain's Tatweer Petroleum to build a gas dehydration facility, an industry source familiar with the matter told Reuters.

The capacity of the gas facility will be 500 million standard cubic feet per day (scfd), the source said.

This project is the first among those planned by Tatweer to add gas capacity to meet rising domestic demand.

Petrofac declined to comment.

In 2009, Bahrain through the National Oil and Gas Authority (NOGA) teamed up with U.S (Other OTC: UBGXF - news) . Occidental Petroleum and Abu Dhabi's Mubadala Development Co to establish Tatweer Petroleum to increase oil and gas production from the Bahrain field.

(Reporting by Reem Shamseddine, editing by William Hardy; Additional reporting by Karolin Schaps in London; Editing by David Goodman)