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Industry

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, 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

The Arab Petroleum Investments Corporation (APICORP) and The National Shipping Company of Saudi Arabia (Bahri) have announced the launch of a landmark shipping fund to acquire very large crude carriers (VLCCs)

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