Tuesday 28 February 2017

Adnoc awards CNPC 8pc stake in onshore concession

The Abu Dhabi National Oil Company (Adnoc) today signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8 percent interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of Dh6.5 billion ($1.77 billion) to enter the


L&T to induct fresh local talent for projects in Saudi Arabia

Indian engineering and construction firm Larsen & Toubro (L&T) has announced its plans to induct fresh local talent as part of its Graduate Engineer Training (GET) programme for various operational and management functions for its projects in Saudi Arabia. The initiative


Lebanon to go ahead with offshore gas licensing round

The Lebanese government is set to continue the first round of oil and gas tenders and award the contracts to the winning companies based on transparent standards, said a report, citing a senior minister.   Minister of Energy and Water Cesar Abi Khalil was speaki

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