Industry

KBR to help in expanding Saudi Arabia’s localisation efforts

ORMEKBR, the US-based engineering, procurement and construction company, has signed a MoU with Saudi Aramco to expand KBR's services for Saudi Aramco and to support the Kingdom’s vision for boosting locally produced energy-related goods and services

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Topaz Energy and Marine awarded US$100mn contract by Dragon Oil

Jack up rig in the caspian seaTopaz Energy and Marine have announced a new US$100mn contract with Dragon Oil, the upstream oil and gas subsidiary of Emirates National Oil Company (ENOC), in the eastern section of the Caspian Sea, offshore Turkmenistan

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Gulf Petrochem Group closes US$150mn financing deal

IMG 73991Gulf Petrochem Group (GP), has successfully raised US$150mn from a group of international and local financial institutions based in the GCC

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Weatherford report on a mixed Q2

Weatherford LangenhagenWeatherford International has reported a net loss of US$171mn, or a loss of US$0.17 per share, and a non-GAAP net loss of US$282mn before charges and credits (US$0.28 non-GAAP loss per share) on revenues of US$1.36bn for the second quarter of 2017

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Abu Dhabi's Baron Point Petroleum signs JV with PetroVietnam Oil for US$150mn project in Vietnam

BaronPoint PV signing2The mega-project at Phu Quoc Island, Vietnam to generate growth in the local area, significantly contributing to the modernisation of the economy and supply channel in southern Vietnam 

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