Industry

KNPC to invest US$40.15bn on refinery projects

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Kuwait National Petroleum Co. (KNPC), the Gulf state's refiner, expects to start work on projects worth a total of US$40.15 billion this year, the state news agency reported.

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Tyco completes KEF acquisition

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Tyco International Ltd announced that it has completed its acquisition of a 75 per cent equity stake in United Arab Emirates-based KEF Holdings Ltd. (KEF), an integrated valve manufacturer and provider of steel castings to the oil and gas, chemical, mining and power industries.

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Gasco recruiting for major expansion

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Abu Dhabi Gas Industries (Gasco) is recruiting hundreds of engineers and technicians as part of a major expansion.

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Schlumberger acquires Framo Engineering AS

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Schlumberger concluded the acquisition of the remaining equity shares from Frank Mohn AS in Framo Engineering AS. The closing of the transaction is subject to regulatory approval.

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ITT signs deal with Saudi Aramco

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Saudi Aramco signed a seven-year strategic partnership agreement with ITT Corporation to provide products and services to Aramco's oil, gas and petrochemical projects in Saudi Arabia and internationally.

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