Austrian oil and gas company OMV has announced plans to acquire 20 per cent stakes in two offshore oil fields in Abu Dhabi, with a purchase price of US$1.5bn

Shell Overseas Holdings Limited has announced the sale of Mukhaizna asset in Oman to IOCL Singapore PTE Ltd (ISPL), a subsidiary of Indian Oil Corporation Limited (IndianOil), for an amount of US$329mn

Iran is expected to spend about US$21bn in capital expenditure (capex) on oil projects between 2018 and 2021, a move that aims to increase production to about 4.9 mmbbl per day in 2021, according to GlobalData, a leading data and analytics company

State-owned Sharjah National Oil Corporation (SNOC) has signed a Memorandum of Understanding (MOU) with the Heriot-Watt University Dubai to collaborate on oil & gas research

The dished heads production lines from Faccin, one of the largest production companies in the world for bending systems and rolling machines, include technologically advanced presses, flanging machines and manipulators, providing maximum reliability and achieving tolerances and lamination reduction