Industry

Sipchem partners with IBM to ensure business continuity amid COVID-19

sipchem ibmSahara International Petrochemical Company (Sipchem) has collaborated with IBM Services to virtualise its IT infrastructure, ensuring business continuity amid COVID-19

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Chariot Oil & Gas completes 3D seismic data reprocessing on Anchois discovery, Morocco

anchois oil and gasChariot Oil & Gas Limited has completed the reprocessing of 3D seismic data across the Lixus Offshore Licence (Lixus), Morocco, resulting in significant improvements in both image quality and in depth control

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Moody's: GCC asset managers face pressure due to low oil prices and COVID-19

GCC asset managersThe profitability of asset managers in most Gulf Cooperation Council (GCC) countries will face moderate to high pressure over the next 12-18 months, reflecting the coronavirus crisis and an accompanying drop in oil prices, according to Moody’s Investors Service report

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Fitch lowers Bahrain’s rating due to lower oil prices and COVID-19 impact

Fitch Bahrain ratingFitch Ratings has downgraded Bahrain's long term foreign currency issuer default rating (IDR) to 'B+' from 'BB-', reflecting the double impact of lower oil prices and the COVID-19 on the country

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UAE ranks first among GCC countries in oil diversification efforts, says UBS

oil refinery GCC UBSThe UAE ranks first among GCC countries in oil diversification efforts as it gears up for the post COVID-19 era, according to a report by UBS

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