Shaker Group’s Energy Services Company (Esco), a leader in energy efficiency solutions, has signed an agreement with Signify, the new company name of Philips Lighting, to deliver efficiency studies and retrofitting across Saudi Arabia, with a focus on LED lighting solutions.

Signify’s role under the memorandum of understanding (MoU) will be to provide direct support to Esco projects through systems and technologies, creating synergy between an industry-leading global player and an established local"...

Oil prices fell on Thursday on expectations that OPEC members will step up production in the face of worries over supply from both Venezuela and Iran.

A surprise build up in crude oil inventories in the United States also weighed on prices, driving the spread between Brent crude and U.S. West Texas Intermediate (WTI) close to its widest in three years. CL-LCO1=R

International"...

Saudi Arabia’s Sabic will introduce its latest materials and solutions for drink, food and non-food packaging caps and closures at the ongoing Plastic Closures Innovations Conference in Berlin, Germany.

Sabic is reinforcing its activities in the plastics caps and closures (C&C) market at event running from May 22 to 24, where Sabic is the headline sponsor.

“With our extensive range of polyethylenes and polypropylenes, Sabic has already built a strong position in caps and closures,”"...

Oil prices rose on Monday as markets reacted to news that China and the United States have put a looming trade war between the world’s two biggest economies “on hold”.

Brent crude futures were at $79.13 per barrel at 0121 GMT, up 62 cents, or 0.8 percent, from their last close. Brent broke through $80 for the first time since November 2014 last week.

U.S."...

Forget Iran and Opec (Organization of Petroleum Exporting Countries) - there’s another issue that will keep oil prices supported for the next two years, reported Bloomberg, citing senior analysts of US investment bank Morgan Stanley.

Brent crude will reach $90 a barrel by 2020 as new international shipping regulations take effect, overhauling the types of fuels produced by refiners, they said.

The"...

80 percent of a power line supplying with electricity the villages of a-Dar al-Kabira, Huboub al-Reih, al-Hajjana and al-Ghanto, and part of Talbiseh town in Homs northern countryside had been rehabilitated, which promises better services for the locals of the towns after long-time disruption caused by terrorist sabotage acts.

Malek Mahmoud, an official at Homs Electricity Company told SANA that electricity will be available again for the locals"...

French oil major Total has said it will not be able to continue the South Pars 11 (SP11) project in Iran and will have to unwind all related operations before November 4 unless Total is granted a specific project waiver by the US authorities.

This project waiver should be supported by the French and European authorities and include protection of the Company from any secondary sanction as per US legislation, Total said in a statement on its website.

SP11 is a gas development project dedicated to the"...

French energy giant Total joined other European companies in signaling on Wednesday they could exit Iran, casting doubt on whether European leaders meeting to try to salvage the Iran nuclear deal can safeguard trade with Tehran.

President Donald Trump’s withdrawal of the United States from the nuclear accord and his order that sanctions be reimposed on Tehran have left European allies scrambling to keep the deal alive and protect their Iranian"...

Oil prices hit a three-and-a-half-year high yesterday supported by tight supply as well as renewed US sanctions against Iran that are likely to disrupt crude oil exports from one of the Middle East’s major producers.

Brent crude hit $79.02 a barrel, a 79 cent increase, registering its highest level since November 2014.

US crude rose 40 cents to $71.36 a barrel, also"...

(AETOS Wire) -- Schlumberger Limited (NYSE:SLB) will hold a conference call on July 20, 2018 to discuss the results for the second quarter ending June 30, 2018.

The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time.

To access the conference"...