Penspen has signed an agreement with ADNOC Distribution to provide detailed engineering services for the modification and upgrade of various terminals and depot facilities in the UAE
Penspen to upgrade ADNOC’s terminals and depot facilities in UAE
Industry
Oman to build oil storage terminal near Duqm port
Oman will build a major oil storage terminal on its southeastern coast, spending between US$300mn and US$400mn on the first phase, minister of oil and gas Mohammad bin Hamad al-Rumhy said
FMC Technologies, Technip announce US$13bn merger
Oil services companies, FMC Technologies and Technip have announced plans for US$13bn merger
Low oil prices to drive M&A globally, A.T. Kearney reveals
Depressed oil prices will force oil and gas companies to seek scarce buyers in a debt-driven shakeout, according to A.T. Kearney’s Oil and Gas M&A Outlook
‘Saudi Aramco value tops US$2 trillion’
Saudi Aramco will be valued at more than US$2 trillion and plans to sell less than five per cent of it through an initial public offering (IPO), deputy Crown Prince Mohammed bin Salman has announced
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