Technip wins EPC contract for petrochemical project in Saudi Arabia

JubailAl-Jubail Petrochemical Company (KEMYA) has awarded French engineering firm Technip an engineering, procurement and construction (EPC) contract for an elastomer facility, located in Jubail Industrial City, Saudi Arabia

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Abu Dhabi inaugurates new oil pipeline

Fujairah lineAbu Dhabi has started exporting its first crude from the Habshan-Fujairah pipeline that bypasses the Strait of Hormuz, shipping the fuel to a refinery in Pakistan

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DNO pulls out offer to acquire Calvalley Petroleum

Calvalley-pulloutNorwegian oil and gas company, DNO International, has announced that it has decided not to proceed with its proposed all-cash takeover of Calvalley Petroleum Inc

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OPEC crude oil output down slightly in June

Opec-rig OPEC members saw their crude oil production drop slightly in June, possibly due to lower output in Saudi Arabia and international sanctions against Iran

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Petrofac awarded US$500 million EPC contract in Saudi Arabia

Petrofac-rabighOilfield services company Petrofac has won a US$500 million EPC contract on Saudi Arabia’s Rabigh II petrochemicals expansion project

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