Industry

19th OPEC and non-OPEC meeting highlights ongoing strengthening of oil market fundamentals

Oil illustrationThe 19th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, has noted the ongoing strengthening of market fundamentals, with oil demand showing clear signs of improvement and OECD stocks falling, as the economic recovery continued in most parts of the world with the help of accelerating vaccination programmes

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Partnering with Aramco to build local capacity

ameralajmiAlfanar, one of the largest conglomerates in Saudi Arabia with a long history of involvement in the oil and gas sector, has signed an MoU with Aramco to co-operate on various initiatives. Mr. Amer Al Ahmi, VP – Sales & Marketing at Alfanar Construction, told Oil Review Middle East more

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Volga-Dnepr partners with Pentagon Freight Services for oil and gas project shipment to Oman

VolgrVolga-Dnepr Airlines, provider of outsized and heavy transportation by air, has delivered two massive oil well rigs for a large-scale Omani oil and gas project

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Proserv wins major manufacturing order from BOC for Majnoon oil field

A Proserv facility in the UAEGlobal controls technology company Proserv Controls has secured a contract to manufacture and deliver 22 wellhead control panels (WHCP) to the Basra Oil Company (BOC) for use on the Majnoon Oil Field in southern Iraq

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JP Morgan emerges as the top financial adviser for M&A for oil and gas

MA ora ormeJP Morgan has emerged as the top financial adviser for mergers and acquisitions (M&A) by both value and volume in the oil and gas sector for H1 2021, having advised on 18 deals worth US$66.7bn, according to GlobalData, a leading data and analytics company

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