According to the contract, the Chinese firm will invest up to $150 million a year, which will increase to $540 million in three years
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Sheikh vs shale: Saudis won’t let oil stay at $75, shale chief claims
OPEC is likely to cut oil production again, CEO of US shale giant Pioneer Natural Resources said at a recent conference. “Saudi [Arabia] is not going to let Brent stay around $75 a barrel,” Scott Sheffield said, adding that it wouldn’t surprise him “if they had another cut.” Sheffield believes that oil futures will stay in backwardation […]
5 Telecom Developments Opening Middle Eastern Borders
The telecoms market remained resilient in 2021 and is expected to continue its robust nature due to the high demand for fixed broadband and mobile data services. Telecom services in the MENA region and elsewhere significantly drove economic recovery during the pandemic. The number of mobile users in the MENA region exceeded 300 million in 2021 and […]
ADIPEC: HE Al Jaber says “energy is everybody’s top priority” during opening address at ADIPEC 2022
The world needs all the energy solutions it can get: oil, gas, solar, wind, nuclear, and hydrogen, HE Dr. Sultan Al Jaber said.
Top job interview tips from Petrofac’s talent acquisition head
Charla Tekün, Petrofac’s global head of talent acquisition, talks about the type of people Petrofac is looking for, and why potential candidates should want to land a job there.
BCG inaugurates sustainability hub for the GCC region
Boston Consulting Group (BCG), the global management consulting firm, announced on September 27 the launch of its Global Climate & Sustainability Hub in the GCC region. According to BCG, the hub will aggregate, build and localise expertise at a cross-industry level in sectors such as energy, industrial goods, financial services, and digital innovation, to contribute […]
Exclusive: Saudi Aramco’s VP of Industrial Services discusses sustainability progress
In an exclusive interview with Oil & Gas Middle East, M. Abdul Kareem, VP of Industrial Services with Saudi Aramco, discusses how Aramco’s innovation and sustainability progress aligns with the marine department’s policy and strategy
Saudi National Day: How high energy prices led Saudi Arabia to become the world’s fastest growing economy
On the occasion of Saudi Arabia’s 92nd National Day, we take a look at how the Kingdom is reaping the rewards of high global energy prices with a strong focus on increased energy production
Saipem appoints Alessandro Puliti as new CEO
Puliti will succeed Francesco Caio, who has resigned with immediate effect
Future of cybersecurity: Drilling down into the fundamentals
Cybersecurity professionals across the region are becoming all too aware of the many high-profile attacks directed squarely at oil and gas majors