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

Lloyd’s Register has issued the first phase of its guidance notes for drones and Unmanned Aircraft Systems (UAS), which will give operators in the energy and marine industries confidence in using UAS for offshore, marine and onshore surveys and in-service inspections, according to the company