Aramco has reported profits of $121.3bn for 2023 in its full year results, the second-highest in its history, and a 30% rise in dividends
Industry
malomatia and JAGGAER collaborate to optimise supply chain processes
malomatia, the leading system integrator in Qatar, is expanding its partnership with JAGGAER, a global leader in spend management solutions, to streamline and optimise procurement and supply chain processes, particularly within Qatar's oil and gas, energy and utilities sector
WIKA commissions new plant in Saudi Arabia
The WIKA Group, a leading global player in industrial measurement technology, commissioned a new plant with state-of-the-art production facilities in Dammam, Saudi Arabia on 29 February
OPEC+ extends production cuts to shore up oil market
The eight OPEC+ countries that pledged last November to implement voluntary production cuts totalling 2.2mn bpd for the first quarter of 2024 have agreed to extend the cuts until the end of Q2 this year, in a bid to support a balanced oil market
Thunder Cranes awarded offshore crane contract by PETRONAS Carigali
Thunder Cranes, a leading provider of innovative crane solutions for the offshore oil and gas industry, has won a major contract with PETRONAS Carigali, a subsidiary of PETRONAS, for the provision of portable-modular offshore rental cranes for PETRONAS Carigali operations in Malaysia