Industry

Lamprell expands into Saudi Arabia with new JV

Lamprell-Arabia-JVLamprell has signed a deal to create a joint venture with Saudi Arabia's Shoaibi Group and Al Yusr Townsend and Bottum (AYTB) named Lamprell Arabia

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Iraq oil exports jump in August

oil-well-iraq-2Iraq’s State Oil Marketing Organisation (SOMO) has said that the country's crude exports rose in August to reach an averaged 2.565mn bpd marking the highest level for more than three decades

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ENOC and Aldrees to open 40 petrol stations in Saudi Arabia

ENOC-aldreesDubai fuel retailer Emirates National Oil Company (ENOC) has signed a joint venture with Saudi Arabia's Aldrees Petroleum to open at least 40 new petrol stations in the kingdom

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Lamprell delievers first jack-up rig for NDC

Lamprell-Hamriyah-FacilitySharjah-based Lamprell has completed and delivered its first jackup rig for Abu Dhabi’s National Drilling Company (NDC)

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Global oil and gas spending to smash US$1 trillion barrier

Sunset-oilrigGlobal oil and gas capital expenditure (capex) will reach US$1,039bn for 2012 thanks to increased activity in the E&P sector, a report by GlobalData has forecast

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