Industry
Crescent announces two projects with Russia
The Crescent Group and its subsidiary, Crescent Enterprises, have announced co-operation agreements with Russia on two major investments in the UAE
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Dana Gas to increase investments in Egypt
Dana Gas has announced it is considering increasing its petroleum and natural gas investments in Egypt, now estimated to be worth US$1.8bn
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Jacobs awarded Luberef Yanbu refinery expansion contract
Jacobs Engineering has been awarded a contract to provide project management consulting (PMC) services to Saudi Aramco Lubricating Oil Refining (Luberef) regarding the expansion of its Yanbu refinery
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Gulf Capital buys stake in OCB Oilfield Services
Gulf Capital has announced that it is to buy a controlling stake in OCB Oilfield Services, which provides crew and logistics for oil rigs, to boost its exposure to the sector
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Saudi Arabia and Japan to sign emergency oil deal
Japan will be permitted to request emergency crude oil supplies from Saudi Arabia as part of a new agreement expected to be signed by the two countries
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