Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme.
Saudi Reinsurance Company is set to acquire a strategic 22.5% stake in British company AdA Risk Holding, which owns the operating rights for Syndicate 2024 in the Lloyds insurance market, following the go-ahead from the kingdom’s Insurance Authority.
Drydocks World has completed a major ship recycling project for APT Global Marine that recovered more than 20,000 tonnes of steel, machinery and other materials for sustainable reuse at Drydocks World’s facility in Dubai.
The United States and Iraq discussed expanding economic co-operation and increasing US investment in the Arab nation’s energy sector during high-level talks at the White House on Wednesday, as the two countries sought to deepen their strategic partnership.
DMCC, a leading international business district in Dubai, has signed a strategic memorandum of understanding (MoU) with the Botswana Stock Exchange Group (BSE), operator of the Botswana Mercantile Exchange (BMX), to strengthen Botswana's access to global commodity markets by connecting its emerging commodities exchange with Dubai's international trading, finance and logistics ecosystem.
Abu Dhabi-based investment group 2PointZero has announced that it has struck a $2.25 billion deal to acquire US-based Traverse Midstream Partners through its energy infrastructure subsidiary ePointZero, a move that gives it minority, non-operated stakes in two US midstream assets.
Damen Shipyards Group, a Dutch defence, shipbuilding, and engineering conglomerate company, has signed an agreement with Canadian maritime group Seaspan ULC for the delivery of two highly manoeuverable, modern type of tug, ASD Tugs 2813. The ASD Tugs 2813 will be the first Damen Tugs to enter the Seaspan fleet.
Presidio Investors, a key private equity firm, has announced the sale of US-based ElevATE Semiconductor to Nasdaq-listed Diodes Incorporated for $250 million. Based in California, ElevATE is a leading designer of low-power, high-density integrated circuits for the automated test equipment industry.
Global engineering solutions provider Kent has strengthened its footprint in Saudi Arabia after securing long-term agreements and project management consultancy (PMC) contracts with Saudi oil giant Aramco, positioning the company for future brownfield EPC work in the kingdom.
Oman's Nama Power and Water Procurement Company (PWP) said it has invited qualified consultancy firms to bid for a contract to provide technical advisory services for the development and procurement of four utility-scale solar independent power producer (IPP) projects.
