Aberdeen company Wood said yesterday it was backing efforts to strengthen and diversify the economy of Saudi Arabia and remained committed to “creating and accelerating” employment opportunities in the kingdom.
Energy is overtaking banking and finance as a target for cyber-criminals in the Middle East, security experts have said.
North-east firms visiting one of the world’s biggest oil and gas conferences next week have said Adipec 2017 is coming at the “right time”.
Petrofac today confirmed it had won a $30million deal with PetroChina for the Halfaya Contract Area (Halfaya) in southern Iraq.
A fledgling oil and gas drilling services firm which listed in London this year plans to continue its strong start to life with exclusive marketing deals with shipyards.
Norwegian oil and gas operator DNO has agreed to take over the operatorship of a licence in Kurdistan from ExxonMobil.
Energy services and software provider AGR put pen to paper on eight contracts over their UK and Middle East businesses this year.
Energy-rich Gulf Arab nations have scrambled to adjust to the slump in oil prices since 2014. Three years on, their economies are mired in weak growth and largely just as dependent on crude as they ever were.
The U.S. Department of Justice has reached an agreement on the merger of Houston oil field services company Baker Hughes and General Electric’s oil and gas division, clearing the way for shareholders to approve the deal.
Proserv has been awarded contracts worth a combined value of more than $11million in the Middle East.
Dana Gas, the Middle East's largest regional independent natural gas company, is facing restructuring talks with Islamic bond holders.
Aberdeen based EnerMech has launched a joint venture with Iraq's Khudairi Group which is expected to generate a $20million turnover.
Lebanon has relaunched the country's first offshore licensing round for oil and gas exploration following a political paralysis which put the development of the nation's hydrocarbon industry on hold for three years.
Two Scottish businessmen have given their backing to a Middle East based crew management specialist.
Iraq said it has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 barrels per day before the end of the month.
Iran and China plan to sign a $3billion contract as they upgrade Iran's oil refining capacity.
HVAC & Refrigeration Engineering, of Aberdeen said yesterday it had successfully completed a £500,000 contract to supply water chillers designed for “explosive” atmospheres.
Russian oil producer Gazprom Neft and the National Iranian Oil Company (NIOC) have agreed to conduct a study into the possible development of two oil fields in Iran.
Gulf Marine Services (GMS) said today that it had one a new contract for one of its vessels in the Middle East North Africa (Mena) region.
Iran, which wants an exemption from OPEC’s accord to cut production, told the group it raised output by the most since international sanctions were lifted, while Iraq -- also insisting it should be spared -- gave no reading at all.
Aberdeen oil and gas engineering firm EnerMech said yesterday its cranes and lifting division had enjoyed an £85million boost from contract wins, extensions and renewals.
French firm Total has signed a preliminary agreement with Iran for the development of one of the world’s biggest gas fields.
An Aberdeen firm which makes tools for well-bore cleaning and well abandonment plans to create dozens of jobs in the Middle East after moving into a new office.
French oil major Total has confirmed a deal with Iran to develop the phase 11 part of the South Pars gas field along with the National Iranian Oil Company (NIOC).
Total boss Patrick Pouyanne has said the firm would be happy to be the first Western oil company to reach an agreement with Iran.