Shareholders of Renaissance Services approved a deal to sell an 86.5% stake in the company to DP World
Author Archives: Staff Writer
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Dana Gas considering sale of Egypt assets
This comes as the company seeks to focus on its assets in the Kurdistan Region of Iraq, where the majority of its reserves are located
Singapore’s GIC to invest $600mn in ADNOC’s pipeline infrastructure
Singaporean sovereign wealth fund purchased a 6% stake in ADNOC Oil Pipelines, joining KKR and BlackRock
Oilfield services employment shifts towards offshore
Rystad Energy has found that employment in the oilfield service industry is shifting towards offshore
McDermott sees “record-setting” backlog and new awards in Q2 2019
Major wins from Saudi Aramco and ADNOC padded the company’s new awards in the quarter and led it to MENA revenues of $399mn
Kuwait reports $60.7bn oil revenue in fiscal year 2018
The nation saw a 29% jump in its oil revenue, along with a 24% boost in its non-oil revenue
Exchange of detained UK and Iranian vessels “impossible”: Iran ambassador to UK
Iran seized the UK-flagged Stena Impero on 19 July for what it says was a violation of maritime regulations
SABIC Q2 profit plunges 68% on lower petrochemical prices
Saudi Aramco is in the process of purchasing a 70% stake in the company
ADNOC awards NPCC and Petrofac JV offshore FEED contract
The scope of work includes the submission of a FEED package and proposal for the engineering, procurement, construction and installation of the facilities, with the execution of the EPCI work to be awarded on a design competition basis.