IPIC and Mubadala to merge in Abu Dhabi
Abu Dhabi has announced the merger of International Petroleum Investment Company (IPIC) and Mubadala Development Company (Mubadala)
Industry
Gulf Petrochem to launch K-Oil in Middle East and Africa
Gulf Petrochem has partnered with Kirloskar Oil Engines Limited (KOEL), part of the Kirloskar Group, to launch K-Oil into the Middle East and Africa markets
UK referendum affects global oil prices
Oil prices fell sharply in the wake of the UK’s historic vote to leave the European Union on 23 June, in reaction to market volatility and fears of an economic slowdown
Qatar Petroleum to sell Al Shaheen stake
Qatar Navigation (Milaha) has reached a preliminary agreement to buy Qatar Petroleum’s (QP) stake in oilfield services firm Al Shaheen Holding
Permasense targets Middle East for expansion
Permasense, the leading provider of corrosion and erosion monitoring solutions to the global energy industry, has appointed STARC (Saudi Trading And Research Company Ltd) as its exclusive representative in Saudi Arabia, to support its strategic expansion in the Middle East
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