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

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 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

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

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