Oil Tech Royalties (OTR) has signed a non-binding Letter of Intent with Kuwait-based Al-Rashed to form a joint venture to promote OTR’s acoustic flow valve technology in the country
Technology
TNO signs technical MoU for more oil and gas recovery in Middle East
Dutch research organisation TNO has signed a memorandum of understanding (MoU) with the UAE-based Petroleum Institute to work on new technical solutions to increase production and recovery from oil and gas fields in Middle East
BP awards US$500mn service contract to Petrofac in Iraq
Petrofac has been awarded a service contract worth US$500mn by BP for Rumaila oilfield in Iraq
GMS wins first small class vessel contract in MENA region
Gulf Marine Services (GMS), provider of advanced self-propelled self-elevating support vessels (SESV) for offshore oil and gas industries, has won its first contract for new small class vessel Pepper in the MENA region
Aqualis Offshore to move rigs for Saudi Aramco
Aqualis ASA’s subsidiary Aqualis Offshore has signed a rig moving service contract with Saudi Aramco
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