The National Iranian Oil Company (NIOC) will offer 600,000 barrels of heavy crude oil for sale on the Iran Mercantile Exchange making it the first such sale through the offshore oil and commodities market.

Petrofac released a trading update ahead of the announcement of its interim results for the six months ending 30 June at the end of August.

Eni has reaffirmed its commitment to continue working in Egypt following recent agreements that cover both exploration and development in the country.

Endress+Hauser has successfully expanded its competence center for liquid analysis in Gerlingen, Germany.

RAK Petroleum Public Company Limited, (RAK Petroleum) and Norways DNO International ASA (DNO) signed a heads of agreement to merge RAK Petroleums Middle East and North Africa (MENA) operating subsidiaries into DNO in exchange for DNO shares to be issued to RAK Petroleum.