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ADNOC, OMV sign MoU on downstream businesses opportunities HE Dr Sultan Ahmed Al Jaber (right), the UAE minister of state and group CEO, ADNOC, and Dr Rainer Seele, CEO, OMV, sign the MoU on ADNOC’s downstream businesses.

ADNOC, OMV sign MoU on downstream businesses opportunities

The agreement supports the evaluation of opportunities in downstream projects, the exchange of knowledge and experience in refining operations and refinery-petrochemical integration and optimisation, and downstream technical and maintenance support.

 •   ADNOC, Penthol sign agreement for selling Group III base oil in the US
 •   OMV plans to increase its Abu Dhabi investments
 •   ADNOC, Masdar sign MoUs with Saudi Aramco


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PDO, Omani firms sign compressor deals worth $35mn

PDO, Omani firms sign compressor deals worth $35mn

The deals are a further example of PDO's commitment to in-country value to retain more of the oil and gas industry's wealth in the Sultanate and develop local supply chains.
 
ENOC Group adds E&P arm to boost upstream business

ENOC Group adds E&P arm to boost upstream business

Dragon Oil was fully acquired by ENOC Group in September 2015, transforming the group into a vertically integrated oil and gas business.
 
IRENA's 13th council meeting opens in Abu Dhabi

IRENA's 13th council meeting opens in Abu Dhabi

At the outset of the meeting, the Council elected HE Li Fanrong, deputy administrator of the National Energy Administration of China as chair of the meeting and Colombia as vice-Chair.
 
Women leading the way in asset integrity engineering services

Women leading the way in asset integrity engineering services

According to UNESCO and based on a study conducted in 2015, 60% of the engineering students in some universities in the GCC are women, compared to 30% in the United States and Europe.
 

 

Aramco, US companies sign agreements worth $50bn during Trump's visit

Aramco, US companies sign agreements worth $50bn during Trump's visit

The agreements, which are estimated to be around US$50 billion, highlight the magnitude of strategic growth and diversification underway at Saudi Aramco, including strengthening the company's standing as the world's leading energy and chemicals company.
 
Second UAE-France Oil & Gas Symposium showcases digital innovations

Second UAE-France Oil & Gas Symposium showcases digital innovations

With the UAE's Vision 2021 agenda, the symposium aimed at highlighting skills of French firms and enabling local companies finding innovative solutions through French technology within the new contemporary energy context.
 
Aramco, Jacobs Engineering reportedly in talks for project management JV

Aramco, Jacobs Engineering reportedly in talks for project management JV

Aramco is close to selecting a partner for a joint venture it plans to set up to oversee government-related infrastructure projects in Saudi Arabia
 
PDO, Tanfeedh supported scaffolding unit opens in Sohar

PDO, Tanfeedh supported scaffolding unit opens in Sohar

Triangle Engineering LLC will supply the Sultanate's oil and gas, and construction sectors, and act as a hub for training and developing Omanis in the scaffolding trade.
 
Aramco to cut June oil supply to Asia by about 7mn barrels

Aramco to cut June oil supply to Asia by about 7mn barrels

Decision can possibly be attributed to the fact that Saudi Arabia often consumes more crude domestically during the hot summer months for additional power generation, affecting exports
 
Drake & Scull seeks response from Aramco on SAR1bn dues

Drake & Scull seeks response from Aramco on SAR1bn dues

The outstanding payment in question is for a project worth SAR2.03bn ($541.21mn), which was completed in 2012
 
Gulf Drilling International signs $925mn financing facility with QIB

Gulf Drilling International signs $925mn financing facility with QIB

This new facility will be used to re-organise the company's debt and further enhance its operational and financial performance
 
Oil output cut deal could extend beyond H2 2017: Saudi Arabia

Oil output cut deal could extend beyond H2 2017: Saudi Arabia

Energy Minister Khalid Al-Falih has said he's confident that the global oil market will soon rebalance and return to a "healthy state"
 
Evonik showcases key solution at Iran exhibition

Evonik showcases key solution at Iran exhibition

Evonik offers solutions which address different needs in the three energy markets of upstream, midstream and downstream, including corrosion inhibitors, and additives for drilling and gas processing chemistries.
 
PDO awards contracts to local firms as part of ICV

PDO awards contracts to local firms as part of ICV

The two contracts to Seeh Al Sarya Engineering and Galfar Engineering & Contracting, valued at around $779mn, are for work in PDO's operations in northern Oman
 
Aramco adds Brunswick to IPO media advisory team

Aramco adds Brunswick to IPO media advisory team

Communications firm Brunswick to join FTI Consulting in running media and investor relations for what is set to be the world's largest initial public offering
 




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