Heritage Oil accepts takeover offer from Qatari fund
UK-based Heritage Oil has accepted a US$1.6bn takeover offer from a fund owned by the former chief executive of Qatars sovereign wealth fund
Industry
Drydocks World completes repair of NDC jack-up rig
Dubai-based Drydocks World announced today that it has completed a major repair and refurbishment project on the National Drilling Company’s (NDC) jack-up drilling rig, Al Ittihad
Lamprell PUQ deck breaks Guinness World Records for heaviest load
Lamprell is celebrating after breaking the Guinness World Records for the ‘heaviest load moved by self-propelled modular trailers (SPMTs)’ for its 13,191.98 mt PUQ deck commissioned by Nexen Petroleum UK
Kuwait Oil Company reveals US$4 billion profit
The Kuwait Oil Company (KOC) has announced it has made a total of US$4bn profit for 2013-14
Iraq and Saudi Arabia see rise in crude exports in February 2014
Iraq and Saudi Arabia crude oil exports rose by 26 per cent and 3.5 per cent respectively in February 2014, according to the Joint Organisations Data Initiative (JODI)
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