Preheat oven to 350 degrees. Lightly butter and flour two 9 X 5 inch loaf pans.
In a small bowl, stir together all the ingredients for the praline topping. Set aside.
Combine dry ingredients in another bowl and set aside.
Using an electric stand mixer, beat together the oil and sugar. Next, beat in the eggs, pumpkin and water.
Add the vanilla and then the dry ingredients, a little at a time and mix well after each addition until it's all combined.
Spoon half the batter into each pan. Sprinkle the praline topping over the loaves.
Bake for 1 hour or until a knife or toothpick inserted near the center comes out clean.
Let cool in the pans before removing. Sprinkle with powdered sugar.
Slice and serve. Wrap leftover bread in plastic wrap.