The Egyptian government has set a target of paying all overdue receivables by the end of 2019
Author Archives: Staff Writer
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DP World ‘in advanced discussion’ to acquire Topaz Energy
This would end plans for an initial public offering for Topaz Energy
UAE operator achieves record-breaking one hour recovery from stuck pipe using this tool
Using Churchill Drilling’s HyPR HoleSaver™, operator severs a full strength NC50 connection in 60 minutes
Cash flow low in US shale firms despite record production
Although US production is swelling, the vast majority of its shale companies are not cash flow positive, Rystad Energy finds
HP’s high-performance workstations: Unlocking the value of Industry 4.0
The HP ZBook could boost the industry’s digital transformation, empowering engineers in the Middle East with cutting-edge technology and advanced capabilities on the go
Iraq made $7.3bn in revenue from oil exports in May
The vast majority came from oilfields in central and southern Iraq
Drone attack on KSA pipeline originated in Iraq: US officials
Iraq’s prime minister, Adel Abdul Mahdi, denied that the country was used to stage the attack
ADNOC Group CEO speaks out on tanker attacks at Bloomberg Emerging and Frontier Forum
He condemned the attacks and called for stability in the market, noting ADNOC’s place within the industry and its growing partner base
SABIC launches sustainability roadmap to reduce climate change impact
SABIC aligns business operations to 10 United Nations Sustainable Development Goals to drive a more sustainable future
Russia and Saudi Arabia agree to extend OPEC+ oil output cuts
The cuts would remain the same for a period of up to nine months