Friday, July 19, 2019

Energy

The latest oil & gas and energy news from the Middle East – only on Business Live ME.

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...
Email

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...
Email

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...
Email

Technology to drive Sultanate’s downstream industry

Key leaders from the oil and gas sector, including Oman Oil Marketing Company’s CEO David Kalife, came together to discuss and find solutions to...
Email

Oman LNG repays its $2bn loan in advance

Demonstrating its financial robustness, Oman LNG has announced that it has successfully repaid its $2bn loan facility obligation ahead of schedule, signalling a positive...
Email

Eni Signs Offshore Exploration Deal With Ras Al Khaimah

Eni SpA has signed an exploration and production agreement with the emirate of Ras Al Khaimah, a further push by the Italian company into...
Email

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...
Email

Oman’s 1st Large Scale 1MW Solar PV System

Khimji Ramdas (KR) announced a strategic partnership with Nafath Renewable Energy, Oman’s leading SME in the energy sector, to design, develop, install and commission...
Email

Heavy Oil Experts Gather in Oman Ahead of WHOC

Ahead of the World Heavy Oil Congress and Exhibition (WHOC), set to take place at the Oman Convention & Exhibition Centre from 2 September...
Email

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...
Email