Industry

SABIC’s initiative contributes US$1.6bn to GDP, creates 3,149 jobs

5V4A0002SABIC’s national initiative, Nusaned, qualified 40 entrepreneurs to invest in the Saudi market and announced a series of projects that will contribute US$1.6bn to GDP and create 3,149 jobs

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Petrofac securesUS$130mn worth PDO contracts

petrofac newsdec19Oilfield service firm Petrofac has secured a new contract and an additional scope of work with Petroleum Development Oman (PDO), with a combined value of approximately US$130mn

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‘Delays loom for LNG and deepwater oil and gas projects as bottlenecks restrain service industry’

rystad 26 DecAbout 250 new oil and gas projects are likely to be sanctioned for development in 2020, up from 160 in 2016, and bottlenecks among suppliers appear inevitable, according to Rystad Energy

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Ma’aden Wa’ad Al Shamal Phosphate Company contracts DuPont Clean Technologies for Sirhan acid plant

acid plantThe Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC) has signed a service agreement for a period of three years with DuPont Clean Technologies (DuPont) for its sulfuric acid plant in Sirhan, in the Turaif region in Saudi Arabia

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Subsea services provider achieves 500 per cent growth in Middle East

n sea diverN-Sea, an IRM subsea services provider, has announced that it has achieved a 500 per cent growth and achieved US$20mn in contract wins in the Middle East, making it a record year for the region

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