Saudi Aramo has announced the establishment of an integrated Corporate Development organisation led by senior vice-president Abdulaziz M. Al-Gudaimi, formerly head of downstream development
Industry
Endress+Hauser set to boost Middle East business
Endress+Hauser has established the organisations Middle East presence to boost the companys business in the Arabian Peninsula
ADNOC continues to drive sustainable growth
During a virtual CERA conversation, Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company (ADNOC), discussed the dynamics of the energy industry with the leading energy economist and Pulitzer-Prize winning author Dr Daniel Yergin, vice chairman of IHS Markit
Oil and gas markets brace for impact of pandemic’s second wave: Wood Mac
Dulles Wang, director, Americas gas research at Wood Mackenzie, said the company’s H1 2020 outlook anticipates an oil price rebound as demand starts rising post-coronavirus, but a second large-scale lockdown would deepen the recession, and possibly delay any rebound in GDP until 2022
COVID-19, oil crash hit Petrofac revenue
Oilfield service provider Petrofac reported a loss of US$78mn in the first half of the year and decided to continue to suspend dividend payments and thus not to pay an interim dividend in 2020 to conserve cash
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