Petrofac secures UK deals worth US$100mn
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
Industry
McDermott wins multiple EPFC contracts for storage tanks in Saudi Arabia
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 to occupy third place in terms of hydrocracking unit capacity growth by 2024
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
Shareholders prioritised as big oil’s first quarter earnings slump, says GlobalData
Earnings of major international oil and gas producing companies have suffered in the first quarter of 2020 resulting from weaker product demand and lower realised oil and gas prices
Moody’s reaffirms APICORP’s credit rating to ‘Aa2’ with ‘stable’ outlook
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has announced that its ‘Aa2’ rating with a ‘stable’ outlook was reaffirmed by Moody’s Investor Service despite current economic and market shocks
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