A new report by Douglas Westwood (DW) has revealed that annual spending in the Middle East is expected to increase despite predictions that 2016 will see the start of a barren period for the offshore oilfield service (OFS) sector
Industry
SABIC and ExxonMobil plan petrochemical JV in USA
Saudi Arabian Basic Industries Corporation (SABIC) and an affiliate of ExxonMobil Corporation are considering the potential development of a jointly owned petrochemical complex on the US Gulf Coast
MHWirth agrees to sell MPO to AFGlobal
MHWirth, subsidiary of Akastor ASA, has reached an agreement with AFGlobal Corporation to divest its managed pressure drilling (MPD) business through the sale of its subsidiary, Managed Pressure Operations (MPO)
Siemens ships Saudi-produced turbines to Jazan
Siemens, a leader in building energy-efficient and resource-saving technologies, has delivered the first shipment of its locally produced gas turbines to the Integrated Gasification Combined Cycle (IGCC) power plant in Jazan, Saudi Arabia
Total SA receives Energy Intelligence Award for contribution to cleaner future
Total SA has been awarded the Energy Intelligence Award for Leadership in New Energy for its commitment to a cleaner energy future