Oman’s Renaissance Services plans to sell its Topaz Engineering unit, reported The National, and at a loss of $5.5 m to Chalmers Holdings, a Dubai-based marine and offshore outfit.
The Saudi oil minister, Ali al-Naimi, was quoted by Reuters as saying on Friday that his country is continuing with its investments in the oil and gas industry as well as solar energy despite the current drop in oil ...
Sources at the Petroleum Ministry revealed to Egypt Oil & Gas that the global price of oil reaching $48 a barrel will save the state nearly EGP 30b during the current fiscal year (FY) alone, as the government has set ...