The Export-Import Bank of Korea (Korea Eximbank) has announced that the South Korean bank had signed an MoU with Kuwait Petroleum Corporation (KPC) to finance US$5bn for some of the company’s projects in Kuwait
Industry
Infosys to acquire Noah Consulting for US$70mn
IT major Infosys has announced an agreement to acquire oil and gas management consulting services provider Noah Consulting for US$70mn
Petrofac awarded technical training contract with Shell Iraq
Petrofac Training Services (PTS) has been awarded a technical training contract with Shell Iraq for the management and operation of Shell’s Majnoon training centre in southern Iraq
Nostra Terra, Independent Resources acquire Egypt asset
A joint venture between Independent Resources and Nostra Terra Oil & Gas is acquiring a producing asset in Egypt
Iran plans new model for oil and gas projects
The government of Iran has approved a new model contract for oil and natural gas projects as it prepares to increase output with the help of foreign investors once international sanctions are lifted, according to reports