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PARIS: France's Technip announced an all-stock merger with U.S. rival FMC Technologies to create an oil services group with combined revenue of $20 billion.
Oil majors that were slow to seize on shale are seeking further efficiencies by adapting technologies for highly automated offshore operations to shale and pursuing advances in digitalisation that have reshaped industries from auto manufacturing to retail.
LONDON: How can stock investors profit from the increasingly striking movements in global bond yields?
HOUSTON: Saudi Arabia signalled its intent to expand chemical production along the US Gulf Coast and potentially double the size of North America’s biggest oil refinery.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd's (MHB) subsidiary and consortium partner have signed a long-term offshore agreement with Saudi Arabia's national oil company, Saudi Aramco.
KUALA LUMPUR: JF Apex Research expects OSK Holdings Bhd, Gas Malaysia Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) and Eversendai Corp Bhd to be among the stocks to watch following their latest corporate news.
PETALING JAYA: Sentiment on Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) remains positive in analysts’ view as the signing of the deal with Saudi Aramco will offer MMHE an exposure to a constant US$3bil tenders opportunity per annum, according to Maybank IB Research.
PARIS (Bloomberg): After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines.