Middle East

McDermott Bags Offshore EPCI Contract In Arabian Gulf

McDermott International Inc. has been awarded a substantial contract from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf, the company said on March 21.

March 21, 2019

Oil Prices Firm, But Slowing Economy Drags

Oil prices edged up on March 20, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although gains were limited by concerns over economic growth.

March 20, 2019