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IBM signs 10-year technology deal with Sipchem The signing ceremony was attended by senior officials from both firms.

IBM signs 10-year technology deal with Sipchem

Saudi International Petrochemical Company will use IBM’s cloud, mobile, analytics and security platforms and services to support its ambitious efficiency and growth strategy

 •   Five minutes with Antoine Milan, IBM
 •   Honeywell targets Saudi market with new technology
 •   Paradigm delivers drilling software in the cloud


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Amec Foster Wheeler awarded FEED contract by KOC

Amec Foster Wheeler awarded FEED contract by KOC

British multinational engineering, construction and design firm will upgrade KOC's Oil Gathering Centre GC-24
 
DNO fails to find oil in Oman Block 36, finds gas

DNO fails to find oil in Oman Block 36, finds gas

The well, drilled in the Rub al-Khali basin in the southwestern part of the Sultanate, reached a total depth of 3,010m
 
British firm wins recognition at ADNOC HSE Awards

British firm wins recognition at ADNOC HSE Awards

UK-based TWMA was awarded the Company & Contractor Partnership Award for its outstanding work on all four of the ZADCO artificial islands
 
nogaholding sets up $570mn finance facility

nogaholding sets up $570mn finance facility

The Sharia-compliant finance facility will enable nogaholding to invest in a number of profitable projects in Bahrain
 

 

Aramco awards $1bn Hasbah gas expansion contract

Aramco awards $1bn Hasbah gas expansion contract

India's Larsen & Toubro and Singapore-based Emas AMC bag contract worth over $1bn for the expansion of the offshore Hasbah sour gas field
 
ADNOC, Abu Dhabi Ports sign 50-year deal

ADNOC, Abu Dhabi Ports sign 50-year deal

The company will begin to implement a plan to set up a lube and grease plant, as well as storage warehouses to support distribution operations in different emirates
 
Oil output in Oman surges to 30mn barrels in April

Oil output in Oman surges to 30mn barrels in April

The Sultanate's crude oil exports touched 26.99mn in April; an average of 899,637bpd
 
OOCEP marks first export of oil from new terminal

OOCEP marks first export of oil from new terminal

The tanker, 'VLCC TSURUGA', safely lifted approximately 300,000 barrels of crude from the Musandam Terminal for crude oil export on May 4
 
Maersk risks losing Qatar field, its largest asset

Maersk risks losing Qatar field, its largest asset

Qatar surprised the company last year by putting out a tender for Al Shaheen field, which Maersk Oil has been operating since 1992
 
Austria's OMV signs MoU to revive activity in Iran

Austria's OMV signs MoU to revive activity in Iran

The deal signed earlier this month in Tehran covers several areas from oil and gas field evaluation to crude oil and petroleum product swaps
 
APICORP issues Sharia loan for O&G firm in Algeria

APICORP issues Sharia loan for O&G firm in Algeria

Loan will finance part of the cost of equipment and working capital for a three-year service contract
 
UAE delays building Fujairah LNG plant: Report

UAE delays building Fujairah LNG plant: Report

EmiratesLNG is looking at other options for the planned onshore facility including storing gas at the site, reloading it on ships for sale elsewhere and providing LNG as marine fuel
 
Iran oil & gas condensate exports reach 2.45m bpd

Iran oil & gas condensate exports reach 2.45m bpd

Iran welcomes presence of foreign and domestic investors in the upstream and downstream sectors, a senior official says
 
Gas production in Oman grows by 8% to 10.2bcm

Gas production in Oman grows by 8% to 10.2bcm

A sizeable portion of the natural gas in Oman is used by various mega industrial projects, which stood at 6.16bcm in Q1 2016
 
Dana Gas withholds dividend for 2nd year in row

Dana Gas withholds dividend for 2nd year in row

The company posted a 15% rise in full year net profit to AED528mn ($143.47mn) compared to AED457mn ($124.41mn) earlier
 




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