It will move from a retroactive to a forward pricing model, which is says would make it more appealing
Author Archives: Staff Writer
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Posted inDRILLING & PRODUCTION
Saudi Aramco to delay Sabic acquisition payment by four years
Aramco will only pay one third of the $69.1bn in cash, its IPO documents revealed
Posted inDRILLING & PRODUCTION
The UAE now has sixth largest oil and gas reserves in the world
The Supreme Petroleum Council of Abu Dhabi announced significant growth in oil reserves, and new unconventional gas discoveries
Posted inPeople
Bilfinger appoints Jon Rokk as Middle East president and CEO
Rokk has six years of experience in the region, and will oversee all of Bilfinger’s operating entities in the Middle East
Posted inPeople
World Energy Council appoints first female secretary general and CEO
Dr. Angela Wilkinson is the new secretary general and CEO of the WEC, as of 1 November
Posted inDRILLING & PRODUCTION
MOL Group agrees to purchase a 9.57% stake in Azerbaijan’s ACG field and 8.9% in the BTC pipeline
The ACG oil field is Azerbaijan’s largest strategic oil asset, while the BTC pipeline is a crucial export route for the Azeri crude; post-completion MOL will be the third largest field partner in ACG
Posted inProducts & Services
Tristar Group inaugural Safety at Sea Conference to focus on physical and mental wellbeing at sea
The Safety at Sea Conference seeks to openly address these issues and demonstrate the need to support the health and wellbeing of all workers at sea
Posted inProducts & Services
Paradigm Group recruits to expand in the Middle East
Two local recruits have joined the PDS team in the Middle East, based in Saudi Arabia to cope with increased demand
Posted inProducts & Services
Fluor wins engineering services agreement from KPO in Kazakhstan
Fluor plans to leverage local engineering talent to execute its scope of work and will provide training and knowledge transfer to increase local talent