Austrian oil and gas company OMV has announced plans to acquire 20 per cent stakes in two offshore oil fields in Abu Dhabi, with a purchase price of US$1.5bn
Austria's OMV to own 20 per cent stakes in two oil fields in the UAE
Industry
Shell sells stakes in Mukhaizna asset in Oman to IndianOil
Shell Overseas Holdings Limited has announced the sale of Mukhaizna asset in Oman to IOCL Singapore PTE Ltd (ISPL), a subsidiary of Indian Oil Corporation Limited (IndianOil), for an amount of US$329mn
Iran to spend US$21bn of capex on oil projects by 2021: GlobalData
Iran is expected to spend about US$21bn in capital expenditure (capex) on oil projects between 2018 and 2021, a move that aims to increase production to about 4.9 mmbbl per day in 2021, according to GlobalData, a leading data and analytics company
SNOC signs MoU with Heriot-Watt University Dubai
State-owned Sharjah National Oil Corporation (SNOC) has signed a Memorandum of Understanding (MOU) with the Heriot-Watt University Dubai to collaborate on oil & gas research
Dished heads production made easy with Faccin’s line
The dished heads production lines from Faccin, one of the largest production companies in the world for bending systems and rolling machines, include technologically advanced presses, flanging machines and manipulators, providing maximum reliability and achieving tolerances and lamination reduction
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