Tuesday, June 18, 2019
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The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Delivering Engineering Excellence

Seven Seas Petroleum is on the road to become the largest turnkey solution provider in Oman’s Industrial market Seven Seas Petroleum LLC, a major Omani...
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Aramco Pumping Stations Targeted in Drone Attack

(Bloomberg) -- Saudi Arabia said Tuesday that unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the state oil company to suspend...
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Abu Dhabi Said to Weigh Multi-Billion Dollar Gas Pipeline Deal

(Bloomberg) -- Abu Dhabi National Oil Co. is seeking to raise billions of dollars from its natural-gas pipelines, months after the state-owned explorer got...
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Saudi Taqa Sees $1.2 Billion in Oil Deals

(Bloomberg) -- A Saudi oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying...
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Petrofac secures training contracts over $30 million in Oman, UAE

In a statement released by the company, Petrofac announced that it has secured multiple new awards and contract extensions to provide training solutions to...
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Saudis Pledge to Ensure Oil Supply if Iran Exports Collapse

(Bloomberg) -- Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market “does not go out of...
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Reliance to Weigh Refinery Stake Sale to Aramco, Adnoc

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering selling as much as 25 percent of its refinery business in a deal that could...
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Saudi Aramco Sells $12 Billion of Bonds in Unprecedented Debut

Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of its crown prince, issuing $12 billion...
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Aramco Pumps Oil at Fraction of Rivals’ Costs and Way More...

(Bloomberg) -- Saudi Aramco can pump oil at a fraction of the cost of rivals and extracts more from beneath the Arabian Peninsula’s deserts and...
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BP and Shell Both Claim to Be Number One in Investor...

(Bloomberg) -- In the cutthroat game of global capitalism, there can be only one winner. Unless you’re an oil company. Both BP and Shell are claiming...
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