Petrofac launches Algeria skills training centre

Petrofac launched it construction skills training centre in Hassi Messaoud, Southern Algeria..

Mubadala Petroleum to farm-out stake in Indonesia offshore projects

Mubadala Petroleum signed an agreement with Premier Oil to farm-out a 20 per cent interest in the Indonesia Andaman I and South...

McDermott awarded FEED contract for Sohar LNG bunkering

McDermott International said it was awarded a contract by Total Oman E&P Development B.V. and Oman Oil Company S.O.A.C. for...

MENA power sector needs $209 bln investments until 2023 – APICORP

Over the next five years, the MENA region will need to invest US$209 billion in the power sector according to APICORP's latest...

Libya’s NOC approves Atshan gas field acceleration plans

Libya’s National Oil Corporation (NOC) approved plans by Zallaf Oil & Gas Exploration Company to speed to up production at the...

OPEC cuts demand outlook for its oil in 2020

OPEC has lowered the demand forecast for its oil for next year as a production cut deal with Russia impacts its market share.

Oilfields Supply Center becomes anchor tenant of Saudi's SPARK

King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an...

ADNOC Group CEO meets Russian Energy Minister

ADNOC Group CEO meets Russian Energy Minister during visit to Moscow

Saipem awarded two Saudi contracts worth $3.5 bln

Saipem said it has been awarded two new contracts in Saudi Arabia, worth over US$3.5 billion.

McDermott awarded $4.5 bln Aramco Marjan deals

McDermott has announced that it has been award two massive deals worth US$4.5 billion by Saudi Aramco for the Marjan increment...