PACC Offshore Services Holdings Limited (POSH), Singapore-based offshore marine services provider, has entered into a joint venture (JV) with Saudi Arabia’s Hmood Al-Khalaf Group to form POSH Saudi Company as part of its plans to expand its presence in the Middle East
Saudi Arabia’s government is considering selling shares in state oil giant Saudi Aramco as part of a privatisation drive to raise money due to falling oil prices, deputy crown prince Mohammed bin Salman has revealed
Gulf Keystone Petroleum, DNO and Genel Energy have confirmed that they have received payments from the regional government for the oil exported from Kurdistan Region of Iraq
Oman’s government has released a five-year plan to halve the economy’s dependence on the oil industry as low crude prices increases pressure government finances
Brent crude oil prices hit their lowest in more than 11 years on Monday, driven down by a rise in global supply that looks set to outpace demand again next year, reports said
