Technology

Petrochem has reported a net loss of US$2.7mn higher than the estimated US$0.9mn in Q1 2011, according to the latest report by the Saudi bank, NCB Capital (NCBC).

Antech, a specialist engineering design and manufacturing company recently expanded its range of equipment for electric wireline in coiled tubing (CT).

GEs Sensing Business was awarded a contract to supply around 130 subsea wellhead sensors for installation in the Goliat field, which is located within the Norwegian sector of the Barents Sea.

SABIC, Saudi Basic Industries Corporation, is expected to benefit from its expanding production base, improving petrochemical and fertiliser prices and growing demand, according to a new report by the Saudi bank, NCB Capital (NCBC).