Tokyo-based Yokogawa Electric Corporation, the parent company of Yokogawa Saudi Arabia Company, has signed a MoU with Aramco allowing the two companies to collaborate and explore potential opportunities for seeding and localising semiconductor chip manufacturing in Saudi Arabia

Houlihan Lokey, the global investment bank, has announced the expansion of its global Oil & Gas team into the Middle East with the appointment of Rouzbeh Fazlinejad as a managing director, based in Dubai. This appointment also marks the launch of the firm’s first industry group in the Middle East

Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of US$181bn, a 70% increase over 2020, according to Rystad Energy research

Pharos Energy has signed the third amendment to the El Fayum concession agreement with the government of Egypt