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GCC infrastructure awards set to rise close to 80% in 2014

Infrastructure project awards across the GCC are forecast to exceed $86bn in 2014, an increase of 77.8% over 2013. New figures released by construction intelligence firm Ventures Onsite show a dramatic increase in contract awards across the region, in every country except Saudi...

Terrifying oil skills shortage delays projects and raises risks

When Jane Christopherson tries to recruit experienced oil workers, she almost always receives the same reaction. “They say: “I’m getting a bit tired of this. You’re the fourth person I’ve heard from this week,” she says. A managing partner at the Curzon Partnership, a...

Reach Personnel secure Recruitment services agreement with world leading oil company

Reach are delighted to announce that we have agreed recruitment services agreement with a world leading oil company based in S.Arabia. We are now hiring across a broad range of large volume vacancies within ‘Refinery Engineering’ and ‘Project Management’....

Ramadan Mubarak!

Salamu Alaykum, Ramadan Mubarak! Sending warm wishes for peace & many blessings during Ramadan from everyone at Reach.  

The Benefits Of Working Overseas

Those who are considering working overseas should understand the many benefits that working abroad has to offer. Not only does working in a foreign country offer an exciting opportunity to travel and learn about various cultures, but working overseas also has tangible employment...

SNC-Lavalin to Buy Kentz for $1.97 Billion

SNC-Lavalin Group Inc. (SNC), Canada’s largest engineering company, agreed to buy Kentz Corp. (KENZ) for 1.16 billion pounds ($1.97 billion) to expand its operations in the oil and gas industry. The Montreal-based engineer will pay 935 pence a share, a 33 percent premium to last...

Iraq conflict sparks oil price rise

Oil prices have risen to a nine-month high amid concerns that developments in Iraq may affect global supplies. Brent crude futures rose 3% to $113.27 per barrel, while US crude gained more than 2% to $106.71, the highest reading for both since September. Insurgents have taken...

UK oil & gas industry mood positive yet cautious

The Q1 2014 Oil & Gas UK Business Sentiment Index reveals today, that while the industry’s optimism has continued to decline, it remains positive, at six points above zero on the -50 to +50 index. The index captures a snapshot of the industry mood and measures a number of...

Spanish firms wooed to take part in $800bn KSA projects

Crown Prince Salman, deputy premier and minister of defense, held talks here Sunday with King Juan Carlos of Spain on major regional and international issues and ways of strengthening bilateral relations. The meeting was attended by Deputy Crown Prince Muqrin, Interior Minister...

Big Oil Companies Struggle to Justify Soaring Project Costs

Chevron Corp. CVX +1.40% , Exxon Mobil Corp. XOM +0.76% and Royal Dutch ShellRDSB.LN +0.42% PLC spent more than $120 billion in 2013 to boost their oil and gas output—about the same cost in today’s dollars as putting a man on the moon. But the three oil giants have little...
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