By the end of June 2016, oil prices could be up to US$57 a barrel and US$73 by 31 December 2016, but Saudi Arabia, Iraq and Iran are still having an impact on the oil price downturn
Industry
Amec Foster Wheeler awarded KOC FEED contract
Amec Foster Wheeler has announced that it has been awarded a front end engineering design (FEED) contract by Kuwait Oil Company (KOC) to upgrade its Oil Gathering Centre GC-24
Bapco and Greenergy enter joint venture in Bahrain
State-owned Bahrain Petroleum Company (Bapco) has announced a strategic joint venture with Greenergy, a large-scale blender of gasoline based in the UK
Omnix/AVEVA partnership to focus on Saudi Arabia, Kuwait and Qatar
Omnix International, the provider of technology enabled solutions to the Middle East and AVEVA, the world’s leading engineering software provider, have entered into a formal business partnership specifically to address the increasingly complex needs of the oil and gas industry in Saudi Arabia, Kuwait and Qatar
ADNOC reshuffles leadership
Abu Dhabi National Oil Company (ADNOC) has reshuffled its leadership, in the first major shakeup since the appointment of Sultan Ahmed Al Jaber as its chief executive in February this year
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