DHAHRAN / WAM Saudi Arabian Oil Company (Aramco) signed a memorandum of understanding (MoU) with China Petroleum and Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia. The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday two contracts totalling more than $3.4 billion (AED12.6 billion) have been awarded to Adnoc Drilling to hire 8 jack-up offshore rigs. The contracts, valued at $1.5 billion (AED 5.6 billion) and $1.9 billion (AED 7 billion) respectively, awarded by Adnoc Offshore, will support the expansion of ...

  Dubai / WAM Amanat Holdings has announced its financial results for the first six months of this year, reporting an adjusted net profit of AED67.4 million, a 7 percent increase on the AED63.1 million reported in the same period of 2021. On an adjusted basis, excluding the prior year’s gain on sale and trading results from divested entities, the ...