Industry

STATS Group’s 2020 revenues to hold firm despite COVID-19 impact

STATS Groups workshop technician Chris BrooksPipeline technology specialist STATS (UK) Ltd has generated revenues of US$50.69mn and EBITDA earnings of US$7.26mn, according to its annual accounts as at 31 December 2019

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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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