Drake & Scull Water and Power (DSWP), a wholly owned subsidiary of Drake & Scull International, secured a US$38.5mn Construction Contract of a Mining Grade Ammonium Nitrate Plant in the province of Ain Sukhna in Egypt.

Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry of the State of Qatar, and Peter Voser, Chief Executive Officer of Shell, signed the Heads of Agreement that sets the scope and commercial principles for the development of a world-scale petrochemicals complex in Ras Laffan Industrial City, Qatar.

The Dow Chemical Company (Dow) and Saudi Arabian Oil Company (Saudi Aramco) announced the official formation of Sadara Chemical Company (Sadara), a joint venture between the two companies.

Mr Mosaed Al-Ohali, Executive Vice President, Manufacturing, Sabic spoke to Oil Review about Sabic's sustainability drive and ambition to become innovation leaders.

Baker Huges and Foster Wheeler reported their third quarter earnings that saw Baker Huges post record profits but Foster Wheeler saw its profits fall.