Veleura Energy successfully drills Turkey well

Valeura Energy has finished successfully drilling and logging the Inanli-1 appraisal well in the Thrace Basin of Turkey...

SABIC Q4 profit falls on lower prices

Saudi Basic Industries Corp (SABIC) reported lower profit for the fourth-quarter as average selling prices dipped...

ADNOC signs refining partnership with Eni, OMV

ADNOC signs partnership deal with Eni and OMV, which will see the sale of equity stake in ADNOC Refining as well as establish a...

Oil Plus secures $4mln in services contracts

Oil Plus, a specialist oil and gas consultancy, said it has secured contracts worth more than $4million (£3.14million) in the last...

Tenaris completes Saudi Steel Pipe stake acquisition

Tenaris closed the acquisition of significant stake in Saudi Steel Pipe Company for 529.8 million riyals (US$141 million)...

Mammoet partners with Astro Offshore to expand regional services

Mammoet, a heavy lifting and transport company, said it has partnered with marine equipment owner, Astro Offshore, expanding its...

Genel acquires stake from Chevron in Kurdistan blocks

Genel Energy reached an agreement to acquire stakes in the Chevron operated Sarta and Qara Dagh blocks, in the Kurdistan Region of...

McDermott awarded Saudi EPC contract for storage tanks

McDermott International has been awarded a contract from Daelim Saudi Arabia Company for engineering, procurement and construction...

ASRY shipyard signs contract with Bahrain’s NOGA

Shipyard facilities provider ASRY signed a contract with Bahrain’s National Oil & Gas Authority (NOGA) to provide a dedicated...

Saipem awarded Aramco’s offshore contracts worth $1.3 bln

Saipem wins two EPCI contracts worth about US$1.3 billion to develop Saudi Aramco’s offshore fields in Berri and Marjan...