Weir Group PLC, the Scotland based pipe and valve manufacturer has warned that its yearly profits could fall in response to the weakening oil price and increased competition in the Middle East
Industry
Oil giants have mixed results in Q3 2016 profit reports
Shell and BP have had mixed results in Q3 2016 but both are wary of the low oil price and the potentially detrimental effect on their profits
Yokogawa and CiDRA enter into a distributor agreement
Yokogawa will distribute CiDRA’s Line of SONARtrac Flow and Entrained Air Measurement Systems in Southeast Asia, Middle East, and Korea
Oil market to see significant improvement: Saudi minister
The oil market can expect a “significant improvement in market conditions” which will benefit producers, operators, the supply chain and the financial industry alike, said HE Khalid A Al Falih, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and chairman of Saudi Aramco, speaking at the Oil and Money conference in London on 19 October
Major Iran petroleum conference planned
Due to high demand from both national and international companies, Petroleum Conference – Iran has been scheduled for 30 January – 1 February 2017 to cover all aspects of the oil, gas and petrochemical sectors, with a particular focus on midstream and downstream opportunities