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CEO of Aramco’s $500 million investment arm reportedly steps down
This comes during a shake up of Aramco’s management team
Rockwell Automation to name INTECH Process Automation as UAE solution partner
INTECH Process Automation can now deliver Rockwell’s solutions in the UAE
7 tips for navigating big company changes in a challenging market
Effective change communications is key to maintaining morale & resilience
About 150 more North American E&Ps will need Chapter 11 protection by end-2022
So far this year 32 E&Ps have already filed for Chapter 11, recording a cumulative debt of about $40 billion
Weir signs $1 million strategic UAE deal
The three-year agreement covers servicing and repairing pumps and motors for a national oil company
Once the costliest for deepwater opex, South America emerges as cost-saving champion in 2020
South America’s deepwater opex is driven mainly by Brazil, which accounted for roughly 99% of the continent’s brownfield costs from 2013 to 2020
ADNOC’s $3.5 billion project to upgrade Ruwais refining 73% complete
The project allows for the Upper Zakum grade to be processed along with over 50 other types of different crudes
Bahrain awards $1.7 billion contracts in H1 2020
Construction and engineering had the most valuable deals, followed by the oil and gas sector
Aramco spending to be significant despite revisions, says MEED
Following the news that Saudi Aramco recorded a 73.2% fall in its Q2 profits to $6.6bn, down from the $24.7bn in the same period last year; Indrajit Sen, Oil & Gas Editor at GlobalData’s MEED, offers his view