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Waha buys minority stake in Petronash in $88m dealWaha Capital, a leading investment company based in Abu Dhabi, UAE, has acquired a significant minority stake worth $88 million in Dubai-based Petronash Holdings, a global oilfield services and manufacturing company. The deal, inc More… |
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Waha buys minority stake in Petronash in $88m dealWaha Capital, a leading investment company based in Abu Dhabi, UAE, has acquired a significant minority stake worth $88 million in Dubai-based Petronash Holdings, a global oilfield services and manufacturing company. The deal, inc More… |
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Iran oilfield services market to see 13pc growthUplifting of sanctions, increasing foreign investments, and the growing oil & gas sector will propel the demand for oilfield services market in Iran to grow at a compounded annual growth rate (CAGR) of 13 per cent until 2021, a report said. More… |
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Proserv in strategic tie-up with Klaw ProductsProserv, a global technology services company, has formed a strategic partnership with Klaw Products, an oilfield equipment provider, to offer an enhanced field safety service preventing offshore spills in the Middle East. Klaw Pr More… |
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AlMansoori makes 3 key appointmentsAlMansoori, a leader in oilfield services in the Middle East, has enhanced its senior management team with the appointment of three key personnel to its operations. Mousa Kiwan has been appointed as corporate s More… |
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Middle East state spending throws lifeline to oilfield servicesOil majors may have slashed capital spending but national oil companies (NOCs) in the Middle East and North Africa show no sign of cutting investment, buoying oilfield services that the stock market has beaten down. More… |
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Big growth seen in oilfield services marketGlobal oilfield services (OFS) expenditure is forecast to increase 47 per cent from $354 billion in 2014 to $521 billion in 2018, a report said. The majority of global OFS spending occurs onshore, accounting for 79 per cent of the More… |
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Scottish oilfield firm expands in MideastScotland-based oilfield service company Romar International has entered a two year agreement with Step Oiltools to represent the company in the Middle East. This agreement follows on from a successful contract already in place wit More… |
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Renaissance sells unit to UK Interserve for $46mOman's Renaissance Services has sold its oilfield maintenance services unit Topaz Oil and Gas, based in the United Arab Emirates, to Interserve for $46 million, a bourse filing said on Sunday. The UK-based support services and More… |
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Gulf Capital buys stake in oil field services firmGulf Capital is buying a controlling stake in OCB Oilfield Services, which provides crews and logistics for oil rigs, to boost its exposure to the sector, said the UAE-based private equity firm in a statement. Gulf Capital, which More… |
