Petroleum Development Oman (PDO) has announced the official launch of PDO Services (PDO-S) LLC, a PDO subsidiary, to enable the commercialisation of the company’s expertise
Industry
Halliburton awards educational grants to Algerian public universities
Halliburton Company has awarded three multimillion-dollar educational software grants to Algerian public universities to train and prepare the next generation of Algerian oil and gas engineers and geoscientists
Cummins marine segment benefits from oil-price surge
The surge in the oil price has helped Cummins’ marine segment, especially in the Middle East, where its clients are contractors and service providers to major players like Abu Dhabi National Oil Company (ADNOC), Saudi Aramco, etc
Upstream spending will struggle to recover to pre-pandemic levels: Rystad Energy
The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping US$285bn, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels in the coming period, according to a Rystad Energy report
Zenith Energy acquires Candax Energy's Tunisian assets
Compagnie Du Desert (CDD), Zenith Energy’s fully-owned subsidiary, has completed the acquisition of a 100% interest in the fully-owned subsidiary of Candax Energy in Barbados, Ecumed Petroleum Tunisia (EPT), which holds a 100% interest in the El Bibane and Robbana concessions in Tunisia
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