France-based Schneider Electric is optimistic about growth in the oil and gas sector and feels that it is well placed, with new additions to the oil and gas division, to meet this demand for greater energy efficiency in the hydrocarbon sector
Industry
Kentz awarded US$55 million service contracts in Iraq
Kentz Corporation Limited has been awarded three individual service contracts worth a total of US$55mn on oil and gas facilities in Iraq
UAE committed to oil growth, says Schlumberger GM
The UAE is committed to increasing oil production to 3.5mn bpd by 2017, according to the general manager and vice president of Schlumberger UAE
Oil firms' decisions based on 'untrustworthy' data, claims Oracle study
A survey undertaken by Oracle Corporation has revealed that close to 50 per cent of oil and gas executives have, in the past few years, been making decisions based on data they do not trust
Vitol ‘apologises for Kurdistan Region of Iraq oil purchase’
Dutch energy company, Vitol, has reportedly apologised to the Iraqi government for buying oil from the Kurdistan Region of Iraq without Baghdads permission
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