Industry

Saudi is to raise US10bn ahead of Aramco IPO

AramcoCoreAreaSaudi Aramco have hired four banks as advisers for its first bond sale ahead of planned initial public offering in 2018

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Sandvik win regional contracts in MENA

Phil Cherrie SandvikSandvik have secured multi-million dollar strategic projects in Egypt and established its regional headquarters in Dubai, UAE 

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BP report increased profits, but not as high as expected, share price falls

BP service station and M S Cockfosters 02BP's share price fell by 2.4 per cent on the morning of 7 February as it reported a fourth-quarter profit of US$400mn, US$160mn short of what analysts at Reuters were expecting

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Oil and gas companies restructure for long-term sustainable growth

 Foggy Bottom Pump Jack Duncan Oklahoma 5394145441New research by DNV GL, technical advisor to the oil and gas industry, shows oil and gas companies seeking to rebalance business portfolios and reorganising for a new era

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ENOC Group announce record sales volume in 2016

ENOC Group BoardEmirates National Oil Company (ENOC) announced a record volume of sales of petroleum products of 245mn barrels, reflecting a five-year rolling average growth of nine per cent

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