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Posted inNews

Oman’s Abraj Energy Services to list 49% shares on Muscat Stock Exchange

Oman’s drilling firm Abraj Energy Services has announced its intention to proceed with an IPO and listing on the Muscat Stock Exchange, which is expected to take place in March 2023, subject to receiving the required regulatory approvals from the Capital Market Authority of the Sultanate of Oman. The company’s planned listing will allow investors […]

Posted inNews

Saipem confirms two offshore contracts worth $900 million

Italian EPC giant Saipem has been awarded two offshore contracts worth $900 million, the company announced on Friday. The first contract has been awarded by TotalEnergies, for the LAPA Southwest (LAPA SW) Development Project, a deepwater oil field  in the Santos Basin offshore Brazil. The scope of work encompasses the Engineering, Procurement, Construction, and Installation […]

Posted inNewsDownstream

UAE’s fuel retailer ADNOC Distribution announces decarbonisation targets

ADNOC Distribution, the state-owned company specialized in the national and international marketing and distribution of petroleum products, on Friday announced plans to reduce its carbon intensity by 25% by 2030 by putting sustainability at the core of its day-to-day operations. The fuel retailer said it will work to decarbonise operations by reducing its Scope 1 […]

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