Industry

McDermott rejects takeover bid of Subsea 7

mergerThe US-based engineering company McDermott has rejected Subsea 7’s offer to acquire its entire issued share capital for US$7 per share

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ADNOC Distribution gets license to operate fuel pumps in Saudi Arabia

ADNOC Gas StationADNOC Distribution said it has been awarded a license to own and operate fuel pumps in Saudi Arabia

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IMF highlights Oman’s non-hydrocarbon growth

IMFThe International Monetary Fund (IMF) listed Oman’s efforts at diversifying its economy from hydrocarbons as a positive and said that its spending cuts would drive down deficits

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Oil Plus secures contracts worth US$1.5mn in Middle East

Oil Plus Clarke ShepherdThe Newbury-based Oil Plus Ltd, a specialist global oil and gas consultancy, has received contracts about US$1.5mn over the past three months and has significantly expanded its footprint in the Middle East’s oil and gas market

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ADNOC to unveil new investment opportunities at Downstream Investment Forum in May

DIFThe Abu Dhabi National Oil Company (ADNOC) is planning to launch a detailed downstream strategy to expand Ruwais Industrial Complex and introduce new partnership opportunities, to boost oil and gas sector in Abu Dhabi and across the UAE

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