ADNOC Launches Initiative to Level Up Tendering Process

• Wednesday, 5th May 2021
• by Editorial Team

The Abu Dhabi National Oil Company (ADNOC) has implemented an initiative to drive efficiencies in its tendering process to improve its approach to procurement and maximize value for ADNOC and its community of supp ...

DP World Acquires Topaz Energy for $1.08 B

• Monday, 1st July 2019
• by Editorial Team

DP World announced that it has acquired Topaz Energy and Marine in a deal worth $1.08 billion.

Halliburton Faces More Questioning Over Acquisition of Baker Hughes

• Tuesday, 4th August 2015
• by Egypt Oil & Gas

Oil services giant Halliburton is facing more questioning from the US Justice Department over the potential acquisition of rival Baker Hughes, reported the Houston Chronicle.

Saipem Cuts Jobs Amid Q2 Losses

• Wednesday, 29th July 2015
• by Egypt Oil & Gas

Saipem SpA, Italy’s biggest oil and gas contractor, will cut jobs and exit businesses as writedowns led to an unexpected loss and an earnings target reduction.

Oil Prices Prompt Topaz to Extend Ambitions to South America

• Sunday, 28th June 2015
• by Egypt Oil & Gas

Topaz Energy and Marine is eyeing expansion into South America in the next two years as the Dubai-based oil services firm looks beyond the current difficulties in the sector caused by the lower oil price,

KBR Appoints Lebanese American to Key MENA Post

• Sunday, 17th May 2015
• by Egypt Oil & Gas

KBR, a global technology, engineering, procurement and construction company has appointed Jay Ibrahim as the president of Engineering and Construction for the Middle East and North Africa (Mena) region.

Schlumberger Set for Significant Job Cuts

• Sunday, 18th January 2015
• by Egypt Oil & Gas

Oil services provider Schlumberger Ltd. says it is cutting 9,000 jobs in response to falling oil prices.

Statoil Awards Service Contracts for Seven Bases

• Thursday, 8th January 2015
• by Egypt Oil & Gas

Statoil has awarded the service contracts for seven bases for the company in Norway.

Maridive posts $22.8m in losses during first half of 2012

• Monday, 27th August 2012
• by Egypt Oil & Gas

Following a decrease in the volume of projects, contracts and occupancy rates, Maridive and Oil Services (MOIL) Egypt, faces a tough fiscal position. MOIL recently completed most of its contracts, including Aramco Sa ...