The coronavirus outbreak and the oil supply glut are set to lower Abu Dhabi’s oil revenues in the short term, according to Moody’s report on credit developments from coronavirus
Penspen, a provider of engineering and project management services to the energy industry, has been awarded a contract by Target Engineering Construction Co LLC for slug catcher replacement support on a project on Zirku Island in UAE
Petrofac’s Engineering & Production Services business (EPS) has been awarded two three-year renewals in the UK, worth a combined total of more than US$100mn
US-based McDermott International said that its CB&I Storage Solutions has been awarded one large and two sizeable contracts for the engineering, procurement, fabrication and construction (EPFC) of 38 tanks and 13 spheres in multiple locations across Saudi Arabia
Middle East will be the third largest region in the world with an additional capacity of 325 mbd by 2024, according to data and analytics company GlobalData
