Global shipping, logistics and marine services provider GAC Group has appointed Shanaka Fernando as the group's new regional business development manager (Oil & Gas) for Middle East region.
"During 2016-25, our upstream sector needs $176 b and the downstream sector needs $77 b of investment," said Ali Kardor, the deputy for investment affairs of the National Iranian Oil Company (NIOC)
Qatar-based Gulf Drilling International said it has won recognition for excellence in operational performance at the 12th edition of the DuPont Safety and Sustainability Awards held in the US
A senior Algerian energy official told Reuters that his country had cancelled a planned bid round for oil and gas exploration rights, due to low oil prices.