Friday 29 April 2016
 
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oil sector

Forum focus on cyber security for oil sector

Cyber protection and security operations will be among the topics to be covered at the upcoming SPE Symposium: Cyber Security and Business Resilience for the Oil and Gas Industry in Dubai, UAE. Organised by the Society of Petroleu

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Saipem to raise $3.8bn to tackle oil service slump

Italian oil contractor Saipem said on Wednesday it will ask investors for up to 3.5 billion euros ($3.86 billion) of fresh capital to help it weather the oil service recession and plot a path to recovery as main investor Eni takes a step back.

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Sustainability ‘key to oil and gas sector growth’

Oil and gas companies must embrace sustainability in today’s transforming energy landscape or risk losing to competitors who are redefining their approach to business, said world renowned thought-leader Jon Duschinsky. The g

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CFO role ‘critical to survival in oil sector’

With oil prices slowly recovering from the dramatic fall last summer, chief financial officers (CFOs) working in the sector can galvanise the finance function in the fight to future-proof their business, a report said. ACCA (the A

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CFO role ‘critical to survival in oil sector’

With oil prices slowly recovering from the dramatic fall last summer, chief financial officers (CFOs) working in the sector can galvanise the finance function in the fight to future-proof their business, a report said. ACCA (the A

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Saudi hiring focus shifts to software, telecom

The number of online job listings in Saudi Arabia for software, hardware and telecom specialists increased by 58 per cent in May compared to the same month last year, while hiring in the oil and gas sector continues to decrease, said an industry

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Sonatrach, GE to manufacture tools for oil sector

Algeria -based Sonatrach and GE have signed a Memorandum of Understanding to launch a joint venture to manufacture equipment used in the oil and gas industry, a report said. The company aims to produce drilling and production equi

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Saudi Q2 GDP growth down to 3.8pc on oil slowdown

Saudi Arabia's economic growth eased to an annual 3.8 per cent in the second quarter of 2014, the lowest rate in a year, because of a slowdown in the oil sector, official data showed on Wednesday. But the first-quarter growth

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Libya's oil recovery may be short-lived

A comeback by Libya's oil industry may be short-lived as a confrontation between armed groups risks splitting the country three years after the fall of Muammar Gaddafi. Oil production has risen to 650,000 barrels per day (bpd)

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Oil sector drives Bahrain’s growth to 4.2pc

Bahrain's gross domestic product (GDP) grew by 4.2 per cent in the in the first quarter of this year, bolstered by the return of Abu Sa'afa oilfield to full capacity after unscheduled maintenance last year, a report said.

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