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
Industry
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
OPEC, OPEC+ reach deal to cut oil production
OPEC and its allies in the OPEC+ group have finalised a deal to cut production by 9.7 mmbbl per day
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