VR has the potential to create virtual rigs using 3D simulation techniques to expose the workforce to the hazards of field operations in a cost-effective, yet risk-free way for the company
Author Archives: Staff Writer
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How the WorleyParsons-Jacobs merger has changed its business
Krishnaswamy Iyer, president of energy & chemicals services for MEA and Ian Davies, SVP of business development & growth for MEA at Worley, comment on the recent merger of WorleyParsons and Jacobs ECR
The importance of human capital in an M&A transaction
Rob Thissen, energy sector leader for the Middle East at Mercer, says companies in the middle of a merger or acquisition must prioritise people
Saudi Aramco announces intention to float on Tadawul
The Capital Market Authority approved Saudi Aramco’s application for an initial public offering
Tethys Oil farms into Block 56 exploration and production license onshore Oman
In consideration for the 20% interest acquired, Tethys Oil will pay to Biyaq a sum of up to $9.5mn
Churchill Drilling Tools completes four drill-string severs in Middle East
Over the last six months four drilling teams from three major Middle East operators deployed the HyPR stuck pipe solution
DWF’s appoints banking and finance partner in Dubai
DWF, the global legal business, has appointed Majed A. Almarshad, as a Partner in the Banking & Finance practice of its Dubai office.
Years of offshore investments could be valueless: Rystad Energy
Following the latest investment upturn, international oil companies are struggling to make money from their offshore assets, says Rystad Energy
Aramco gas joint venture to reportedly seek $6bn loan
The proposed joint venture will own and operate the Jazan Integrated Gasification Combined Cycle and Power Plant and Jazan Air Separation Unit, valued at approximately USD $11.5bn
Abu Dhabi Ports’ Maqta Gateway and Etisalat partner to deliver digital services
Both entities sign MoU to bring digital transformation