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Mega order win for L&T Energy Hydrocarbon in MideastThe Hydrocarbon business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has received a Letter of Intent for mega Offshore order from a prestigious client in the Middle East. More… |
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Oman economy to rebound in 2024, says IMF reportOman’s economic recovery continues supported by favourable oil prices and sustained reform momentum and growth is expected to rebound next year, says an IMF mission satatement. The economy grew by 4.3 per More… |
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UAE economic growth stays strong; non-oil up 4%: IMFThe UAE economy is continuing to grow, benefitting from strong domestic activity and the non-hydrocarbon GDP growth is expected to exceed 4% this year and to remain at a similar pace in 2024, driven by tourism, construction, and real est More… |
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Norway logs largest hydrocarbon discovery in 10 yearsDNO, the Norwegian oil and gas operator, announced a significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea license PL1148 in which the company holds a 30 per cent interest. More… |
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Aramco 'aims to use sustainable AI solutions'Saudi Aramco has devised many advanced solutions that take advantage of artificial intelligence and machine learning to process huge amounts of real-time data in order to improve the performance of a range of businesses, including hydrocarbon More… |
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Oil majors' sovereign balance sheets' return to pre-2015 levels unlikelyHigher oil and gas prices generally improve the government budget and current account positions of hydrocarbon-exporting sovereigns, according to top ratings agency S&P Global. "Howe More… |
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Higher oil no quick fix for hydrocarbon-exporting sovereigns' balance sheetsHigher oil and gas prices generally improve the government budget and current account positions of hydrocarbon-exporting sovereigns, according to top ratings agency S&P Global. "Howe More… |
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Oman plans $10bn spend on hydrocarbon projectsPetroleum Development Oman (PDO) plans to invest more than $10 billion in three key hydrocarbon projects, a report said. The three ventures include the Rabab Harweel Integrated Project (RHIP), the Yibal Khuff integrated oil and ga More… |
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Qatar growth likely to top 4.5pc: LagardeQatar’s growth could accelerate from 4 percent in 2014 to above 4.5 percent this year and next, supported by a large public infrastructure program and opening of a new natural gas field, said Christine Lagarde, IMF managing director. More… |
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Qatar hydrocarbons export value down 40pcThe value of Qatar's hydrocarbon exports were down by 40.5 per cent to QR15.6 billion ($4.279 billion) in July this year, compared to the same month last year, a report said. Qatar’s trade balance achieved a surplus of Q More… |
