APICORP posts 17 per cent net income growth for 2019
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, posted a 17 per cent year-on-year increase in net recurring income for 2019
Industry
GP Global expands European supply network
Energy services provider GP Global has further strengthened its international bunkering network with the addition of new delivery infrastructure, supplying the port of Hamburg, Germany
MAWANI and SGP sign agreement for King Abdulaziz Port in Dammam
Saudi Ports Authority (MAWANI) and Saudi Global Ports (SGP) have signed a build, operate and transfer (BOT) agreement for the container terminals in the King Abdulaziz Port in Dammam
OPEC, OPEC+ reach deal to cut oil production
OPEC and its allies in the OPEC+ group have finalised a deal to cut production by 9.7 mmbbl per day
CQC, Total collaborate to develop quantum algorithms for CCUS
Software company Cambridge Quantum Computing (CQC) has entered into a multi-year partnership with petroleum refining company Total S.A. to develop quantum algorithms and quantum computing solutions for advanced carbon capture, utilisation and storage (CCUS) technologies
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