ADNOC Logistics & Services Company announced the acquisition of the all the assets of Speedy Hire PLC (Speedy) in UAE in order to expand its handling service.

Petrojet was assigned to assist Baker Hughes in manufacturing and supplying seven deep-water equipment of 700 tons for a liquefied natural gas (LNG) project in Mozambique.

General Electrical plans to localize more of its manufacturing in Egypt and looks for another location to build a new facility, on top of the 5,000 square meters facility that is currently under construction.