Oilfield services provider Petrofac has announced that its Petrofac Emirates joint venture has received notice of termination from Abu Dhabi National Oil Company (ADNOC) of two recently awarded contracts for the Dalma Gas Development Project
Industry
Baker Hughes to take US$15bn impairment
Energy technology company Baker Hughes has announced that it will take a non-cash goodwill impairment of US$15bn in Q1 2020
APICORP posts 17 per cent net income growth for 2019
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, posted a 17 per cent year-on-year increase in net recurring income for 2019
GP Global expands European supply network
Energy services provider GP Global has further strengthened its international bunkering network with the addition of new delivery infrastructure, supplying the port of Hamburg, Germany
MAWANI and SGP sign agreement for King Abdulaziz Port in Dammam
Saudi Ports Authority (MAWANI) and Saudi Global Ports (SGP) have signed a build, operate and transfer (BOT) agreement for the container terminals in the King Abdulaziz Port in Dammam
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