Oil services company TechnipFMC said that its board of directors approved its plan to separate two independent, publicly traded companies
Industry
ADNOC Distribution shares certified as Shari’a compliant
ADNOC Distribution shares have been certified as Shari’a compliant based on the recent screening assessment made by The Unified Committee of Islamic Banks for Shari’a Screening of Equities – UAE
Worley and AVEVA to deliver cloud-based enterprise resource management solution
Worley has selected AVEVA’s Enterprise Resource Management solution as its preferred materials management platform
Tenaris wins US$1.9bn tubulars and services contract from ADNOC
Tenaris, a supplier of tubes and related service, announced that ADNOC has awarded it a long-term contract for the provision of tubulars and rig direct services over the next five years, with a total value of US$1.9bn and the possibility of a two-year extension
High stakes for subsea markets if oil price slides, says Rystad Energy
The subsea market in 2019 will experience y-o-y growth for the first time since 2014, but the positive outlook is vulnerable to any significant decline in oil prices over the next few years, according to energy research and consulting firm Rystad Energy
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