SABIC’s national initiative, Nusaned, qualified 40 entrepreneurs to invest in the Saudi market and announced a series of projects that will contribute US$1.6bn to GDP and create 3,149 jobs

Oilfield service firm Petrofac has secured a new contract and an additional scope of work with Petroleum Development Oman (PDO), with a combined value of approximately US$130mn

About 250 new oil and gas projects are likely to be sanctioned for development in 2020, up from 160 in 2016, and bottlenecks among suppliers appear inevitable, according to Rystad Energy

The Ma’aden Wa’ad Al Shamal Phosphate Company (MWSPC) has signed a service agreement for a period of three years with DuPont Clean Technologies (DuPont) for its sulfuric acid plant in Sirhan, in the Turaif region in Saudi Arabia

N-Sea, an IRM subsea services provider, has announced that it has achieved a 500 per cent growth and achieved US$20mn in contract wins in the Middle East, making it a record year for the region