The US-based engineering company McDermott has rejected Subsea 7’s offer to acquire its entire issued share capital for US$7 per share
McDermott rejects takeover bid of Subsea 7
Industry
ADNOC Distribution gets license to operate fuel pumps in Saudi Arabia
ADNOC Distribution said it has been awarded a license to own and operate fuel pumps in Saudi Arabia
IMF highlights Oman’s non-hydrocarbon growth
The International Monetary Fund (IMF) listed Oman’s efforts at diversifying its economy from hydrocarbons as a positive and said that its spending cuts would drive down deficits
Oil Plus secures contracts worth US$1.5mn in Middle East
The Newbury-based Oil Plus Ltd, a specialist global oil and gas consultancy, has received contracts about US$1.5mn over the past three months and has significantly expanded its footprint in the Middle East’s oil and gas market
ADNOC to unveil new investment opportunities at Downstream Investment Forum in May
The Abu Dhabi National Oil Company (ADNOC) is planning to launch a detailed downstream strategy to expand Ruwais Industrial Complex and introduce new partnership opportunities, to boost oil and gas sector in Abu Dhabi and across the UAE
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