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Industry
Saudi Aramco CEO leads signing ceremony of Fadhili gas project
Saudi Aramco President and CEO Amin H Nasser presided over a signing ceremony of the Fadhili gas project, marking a new milestone in the company’s drive to expand gas production and supply to meet growing domestic demand for energy
APICORP and Bahri launch US$1.5bn shipping fund
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)
Drake & Scull awarded Iraq water injection installation contract
Drake & Scull International International PJSC, (DSI PJSC), a regional market leader in integrated design, engineering and construction across a number of disciplines, has won a AED 226mn (US$61.5mn) engineering, procurement and construction (EPC) contract for the construction of a water injection network installation project at the Zubair oilfield in Basra, Iraq
Global land drilling rig market to recover following decline
Douglas-Westwood’s (DW) ‘World Land Drilling Rig Market Forecast’ report recently released predicts that following significant declines, the global land drilling rig market is expected to see a recovery from 2017