Circor announces sale of non-core reliability services business for $85 million
Circor International announced the sale of its Reliability Services business to an affiliate of RelaDyne LLC, a leading provider of lubricants and industrial …
Business & Management
Snam: € 135 million EIB financing signed
Snam has signed a € 135 million financing with the European Investment Bank (EIB) for various projects aimed at replacing and modernizing some pipelines and …
Eni, OMV to pay $5.8 billion for Abu Dhabi Refining stakes
Eni and Austrian oil and gas producer OMV agreed to pay about $5.8 billion for a combined 35 percent stake in the Abu Dhabi state oil company’s refining …
Flowserve announces the appointment of Tauseef Salma as Marketing & Technology Vice President
Flowserve announced that Dr. Tauseef Salma will join Flowserve as Vice President, Marketing & Technology, beginning Monday, February 11. Dr. Salma will …
Wind Point Partners acquires and combines Clock Spring and Neptune Research
Wind Point Partners, a leading Chicago-based private equity firm, announced today it has entered into definitive agreements to simultaneously acquire and merge …
Tenaris completes Saudi Steel Pipe stake acquisition
Tenaris, manufacturer of steep pipes, said it closed the acquisition of significant stake in Saudi Steel Pipe Company (SSP) from a private group for 529.8 …
Greater investment expected to fuel oil and gas industry growth in 2019
New research has revealed that companies’ resilience to volatile market conditions will be put to the test in 2019, as business leaders expect the industry …
Shell appoints Wael Sawan as upstream director
Royal Dutch Shell today announces the appointment of Wael Sawan as Upstream Director with effect from 1st July 2019. In his new role, Wael will become a member …
PJSC Nizhnekamskneftekhim and Haldor Topsoe have signed contracts for a methanol unit
Yesterday, PJSC Nizhnekamskneftekhim and Haldor Topsoe signed contracts for license and engineering services for a new methanol unit with a capacity of 500,000 …
Eni signs exploration and production sharing agreement for onshore Oman
Eni and the state company Oman Oil Company Exploration and Production (OOCEP) have entered into an Exploration and Production Sharing Agreement (EPSA) for …