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
Industry
Fluor JV achieves final provisional turnover of clean fuel megaproject facilities in Kuwait
Fluor Corporation said its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries has completed the final interim turnover of the Kuwait National Petroleum Company’s (KNPC) Mina Abdullah Package 2 (MAB2) clean fuel project in southern Kuwait
Sparrows Group signs partnership agreement with J.D. Neuhaus Group in Middle East
The Sparrows Group has signed a long-term partnership agreement to become the only original equipment manufacturer (OEM) service provider for market-leading machine construction company, J.D. Neuhaus Group (JDN) in the Middle East
WWC, Oil Spill Response sign strategic alliance deal for increased response capabilities
Wild Well Control (WWC), a specialist for emergency response of well control, pressure control, relief well planning, engineering and well control training services, and Oil Spill Response Limited (OSRL) have signed a strategic alliance deal for increased response capabilities
Saudi arbitration centre opens branch at at King Salman Energy Park
Saif Al Qahtani, president and CEO of King Salman Energy Park (SPARK), and Dr Hamed bin Hassan Merah, CEO of the Saudi Center for Commercial Arbitration (SCCA), have inaugurated the SCCA branch at King Salman Energy Park (SPARK), located in Al Khobar
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