INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Halliburton wins chemicals services contract in Oman

    • Halliburton will supply a full suite of customized products along with specialized services to support in-field chemical treatment at a new plant in Oman

    • The plant will have capabilities to manufacture a broad slate of chemicals

    US-based Halliburton, one of the world’s largest oil-field service companies, has signed a contract to provide production chemicals and associated services for a large international oil company in Oman, said local reports on Sunday, July 18.

    However, the reports did not identify the customer with which Halliburton has signed a seven-year contract.

    Halliburton itself did not name its customer when contacted by several news organizations.

    The reports, however, did say that the new Oman plant will have capabilities to manufacture a broad slate of chemicals for stimulation, production, midstream, and downstream-engineered treatment programs.

    Halliburton’s contract reportedly says it will supply a full suite of customized products along with specialized services to support in-field chemical treatment.

    Halliburton (Multi-Chem) Vice-President Miguel Gonzalez was quoted by the reports as saying about the contract: “This collaboration aims to improve operational efficiencies and reliability by applying tailored solutions and close alignment between parties.”

    He added that Halliburton’s facilities in Oman would support the project.

    “Additionally, we will manufacture key raw materials for the contract’s portfolio at the new Halliburton Saudi Chemical Reaction Plant. Opening at the end of 2021, the facility increases Halliburton’s capabilities to support Oman and the region,” he said.

    The company also expects to hire and develop local personnel to deliver the contract’s scope of work, he added.