TAQA, Saudi Arabia’s industrialisation and energy services company, has announced that it will acquire Texas-based Schlumberger’s Middle East onshore drilling rigs business
Industry
Wood Mackenzie predicts US$200bn LNG capex boom for 2019-2025
Wood Mackenzie has stated that the LNG boom is back – predicting that capital spending on both the LNG plant and upstream infrastructure will total more than US$200bn in 2019-2025
Petrofac wins new training contracts
Petrofac has won training solutions contracts with a combined value of more than US$30mn in Oman, the UAE and Iraq
OPEC oil production for 2019 will be determined by US waivers decision: Jadwa Investment
The Trump administration on 22 April announced that it will not extend sanctions waivers it had granted to certain buyers of Iranian oil beyond 2 May as the USA aims to completely halt Iran’s oil exports
APICORP forecasts MENA energy spend at US$1 trillion over next five years
Planned and committed energy investments will amount to US$1 trillion in the MENA region over the next five years, according to the Arab Petroleum Investments Corporation (APICORP), a multilateral development bank
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