Sunday 19 April 2015
 
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oil and gas

Gulfsands ousts CEO, names new chairman

Gulfsands Petroleum said it removed Mahdi Sajjad as chief executive and appointed Alastair Beardsall, a nominee of its top shareholder, as executive chairman with immediate effect. The oil and gas producer has been embroiled in a

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Hiring of oil and gas professionals scaled back

Current market conditions have caused global oil and gas professionals to remain cautious in the negotiating process, a report said, noting a continued scale back in hiring. A majority of global hiring managers have not seen an in

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Hiring of oil and gas professionals scaled back

Current market conditions have caused global oil and gas professionals to remain cautious in the negotiating process, a report said, noting a continued scale back in hiring. A majority of global hiring managers have not seen an in

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SNC-Lavalin unit wins two Mideast deals worth $500m

Kentz Corporation, a member of Canada-based SNC-Lavalin Group, has been awarded two sustaining capital contracts by a major oil company in the Middle East, with a combined value of over $500 million. "Both Kentz and SNC-Laval

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SNC-Lavalin unit wins two Mideast deals worth $500m

Kentz Corporation, a member of Canada-based SNC-Lavalin Group, has been awarded two sustaining capital contracts by a major oil company in the Middle East, with a combined value of over $500 million. "Both Kentz and SNC-Laval

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Mideast oil and gas transactions dip in 2014

The number of transactions in the oil and gas sector in the Middle East decreased from 32 to 12 from 2013 to 2014, a report said, noting that the total value was only marginally down at almost $600 million. In terms of the upstrea

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Iran to spend $4.8bn from sovereign fund on oil projects

Iran will withdraw up to $4.8 billion from its sovereign wealth fund to spend on developing its oil and gas fields next fiscal year under a proposal approved by parliament. The decision to dip into the National Development Fund un

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Egypt to auction 8 exploration blocks

Egypt will hold an international auction for eight oil and natural gas exploration blocks in the Mediterranean Sea, the oil ministry said, as the government seeks to boost production to curb persistent energy shortages. Khaled Abdel Bad

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Egypt to auction 8 exploration blocks

Egypt will hold an international auction for eight oil and natural gas exploration blocks in the Mediterranean Sea, the oil ministry said, as the government seeks to boost production to curb persistent energy shortages. Khaled Abdel Bad

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Arabtec wins $253m of Saudi oil and gas work

UAE-based builder Arabtec said a wholly-owned subsidiary had won Dh930 million ($253 million) of contracts in Saudi Arabia's oil and gas industry. The projects include upgrading liquefied gas and refinery facilities for nation

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