Industry

Topaz deal exposes DP World’s cash flows to heightened cyclicality: Moody’s

Dion Bate Headsthot Jan2019Credit rating agency Moody’s Investor Service stated that the acquisition of Topaz Energy and Marine by DP World is credit negative because Topaz’s business is exposed to the oil and gas industry, which Moody’s considers to be more cyclical and therefore volatile than DPW’s traditional port business

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IEA’s global commission for urgent action on energy efficiency

gas 863194 640The International Energy Agency (IEA) has established an independent global commission to examine how progress on energy efficiency can be accelerated through new and stronger policy action

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McDermott wins US$4.5bn contracts from Saudi Aramco

23731779265 0c71063372 zEngineering firm McDermott International has won two contracts worth more than US$4.5bn from Saudi Aramco for the Marjan Increment Development Project

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IEA unveils high-level commission for urgent action on energy efficiency 

iea 10 july 1The International Energy Agency (IEA) has established an independent high-level global commission to examine how progress on energy efficiency can be rapidly accelerated through new and stronger policy action

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KBC wins PIPs for three oil refineries

45776980685 224c7ebecf z 1KBC (A Yokogawa Company) has announced that it has been awarded Profit Improvement Programmes (PIP) for three oil refineries in the Gulf Cooperation Council (GCC) region

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