Flowline Specialists FZE and Motive FZC, the UAE arms of Oldmeldrum-based Flowline Specialists and Banff-headquartered Motive Offshore Group, have MoU agreement to collaborate on a number of projects in the Middle East and North Africa (MENA)
Industry
Flowserve AlMansoori Services opens workshop in Abu Dhabi
Flowserve AlMansoori Services said it has opened its workshop in Musaffah Industrial area in Abu Dhabi
McDermott rejects takeover bid of Subsea 7
The US-based engineering company McDermott has rejected Subsea 7’s offer to acquire its entire issued share capital for US$7 per share
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