Industry

Ezion wins service rig contract

offshore4-ezionEzion Holdings Limited has announced that it has secured a charter contract worth US$48.2mn over a three-year period to provide a service rig in the Gulf

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GCC's oil and gas annual earnings hit US$737.5 billion

oilpumpThe total oil and gas export earnings of the six-member GCC countries collectively increased to US$737.5bn in 2012 from US$695.9bn the previous year, according to the Institute for International Finance (IIF)

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Sinopec to build storage facility in Fujairah

fujairah-sinoChina Petroleum and Chemical Corporation (Sinopec) has announced that it would borrow more than US$500mn to build an oil storage facility at Fujairah Port, outside the Strait of Hormuz

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Flotek and Gulf Energy plan Omani oil facilities

oilfield-omanFlotek Industries Inc and Gulf Energy LLC plan to build facilities in Oman to address the growing need for advanced oilfield chemistry and analysis in the MENA region

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Abu Dhabi signs petroleum storage deal with Malaysia

oilstorageAbu Dhabi has signed an agreement worth US$6.75bn for a petroleum storage facility in Malaysia

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