Industry

Gasco recruiting for major expansion

Gasco_recruiting

Abu Dhabi Gas Industries (Gasco) is recruiting hundreds of engineers and technicians as part of a major expansion.

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Schlumberger acquires Framo Engineering AS

Schlumberger_Framo_Engineering_AS_1

Schlumberger concluded the acquisition of the remaining equity shares from Frank Mohn AS in Framo Engineering AS. The closing of the transaction is subject to regulatory approval.

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ITT signs deal with Saudi Aramco

ITT_Saudi_Aramco

Saudi Aramco signed a seven-year strategic partnership agreement with ITT Corporation to provide products and services to Aramco's oil, gas and petrochemical projects in Saudi Arabia and internationally.

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Kuwait to upgrade oil refineries at US$29 billion

Kuwait_oil_projects

Kuwait's Supreme Petroleum Council approved the upgrading of two of three existing refineries to raise output and produce cleaner products. The projects are estimated to cost US$29 billion.

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Oil prices fall after IEA move

Oil_prices_IEA

The International Energy Agency's (IEA) unexpected announcement to release 60mn barrels of crude from strategic oil stocks over the next month have negatively impacted oil prices.

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