Penspen has signed an agreement with ADNOC Distribution to provide detailed engineering services for the modification and upgrade of various terminals and depot facilities in the UAE

Oman will build a major oil storage terminal on its southeastern coast, spending between US$300mn and US$400mn on the first phase, minister of oil and gas Mohammad bin Hamad al-Rumhy said

Oil services companies, FMC Technologies and Technip have announced plans for US$13bn merger

Depressed oil prices will force oil and gas companies to seek scarce buyers in a debt-driven shakeout, according to A.T. Kearney’s Oil and Gas M&A Outlook

Saudi Aramco will be valued at more than US$2 trillion and plans to sell less than five per cent of it through an initial public offering (IPO), deputy Crown Prince Mohammed bin Salman has announced