Oil Services | Egypt Oil & Gas
ADNOC Launches Initiative to Level Up Tendering Process
The Abu Dhabi National Oil Company (ADNOC) has implemented an initiative to drive efficiencies in its tendering process in order to improve its approach to procurement and to maximize its value and its community of su...
DP World Acquires Topaz Energy for $1.08 B
DP World announced that it has acquired Topaz Energy and Marine in a deal worth . 08 billion, Reuters reported. The acquired oil services and marine logistics company was previously owned by Standard Chartered and the...
Halliburton Faces More Questioning Over Acquisition of Baker Hughes
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. According to the report, the US government...
Saipem Cuts Jobs Amid Q2 Losses
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. The company, controlled by Italian oil producer Eni SpA, ...
Oil Prices Prompt Topaz to Extend Ambitions to South America
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, its chief ex...
KBR Appoints Lebanese American to Key MENA Post
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. Ibrahim has 21...
Schlumberger Set for Significant Job Cuts
Oil services provider Schlumberger Ltd. says it is cutting 9,000 jobs in response to falling oil prices. The reduction represents about 7.3 percent of the Houston-based company’s total global workforce. Schlumbe...
Statoil Awards Service Contracts for Seven Bases
Statoil has awarded the service contracts for seven bases for the company in Norway. These contracts have been awarded to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. The contracts awarded include terminal an...
Maridive posts $22.8m in losses during first half of 2012
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 Sau...Page 1 of 1
