Lamprell is taking steps to achieve its In-Kingdom Total Value Add (IKTVA) commitments by developing its in-kingdom capabilities and by partnering with strong local businesses.
In a poll conducted with 66 oil industry executives, market traders and analysts, one week ahead of a critical OPEC-non-OPEC meeting in Vienna, 46 of those polled said they expected the world's biggest oil exporters to raise output in Q3 and Q4 of 2018.
The report notes the effect of a number of geopolitical issues leading up to the second quarter of 2014, when crude supply began to overtake total demand resulting in an imbalance that reached 1.5 million barrels per day in 2015.
At $10 per share, NESR will have an aggregate market capitalisation following the business combination and completion of redemptions of approximately $1.1bn.
As part of the partnership, Rockwell Automation will make a $1bn equity investment in PTC, and Rockwell Automation’s chairman and CEO, Blake Moret, will join PTC’s board of directors effective with the closing of the equity transaction.
Jürgen Nowicki, chair of the ACHEMA Exhibitors Committee, emphasised that international trade is not only essential for the exchange of products and services, but also innovations.
Omani oil and gas firm provides sum to support victims and ongoing recovery efforts, as staff also launch appeal.
There is agreement in place for extension options after two years and four years.
An oil tanker carrying around 2mn barrels of crude oil has left Basra and is en route to the US in landmark sailing.
UKLPG launches an educational film to highlight how LPG can act as a green gas solution.
Business advisory firm beefs up its senior management team with oil and gas expert added to its list of partners.
Chronic economic meltdown in Venezuela helps fan moderate gains in oil price as OPEC weighs likely production increase.
Global logistics firm secures shipping contract as commodities outfit moves into the LNG segment.
Scottish firm that delivers subsea and electrical equipment to the oil and gas industry lands renewables deal.
Decommissioning firm makes new appointments to boost senior management team.
