Arabian Pipes Co. (SASE:2200) secured a 48 million-Saudi-riyal contract from oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco.
The eight-month deal covers the production and delivery of steel pipes, the steel tube manufacturer said Thursday.
Diamondback Energy (FANG) said on Wednesday that Travis Stice stepped down as executive chairman and became non-executive chairman effective May 20, as part of a leadership transition plan previously announced by the company.
BP (BP.L) said Wednesday the United Steelworkers Local 7-1 union agreed to resume labor negotiations on Friday.The British energy major added that it is looking forward to a "meaningful dialogue" to strike an agreement with union members concerning operations at its Whiting refinery in Indiana, US.