Vallares will merge with Turkeys Genel Energy International Ltd. in a US$2.1 billion deal that will see Vallares gain access to oil fields in Iraqs Kurdistan region.
Industry
Iraq's oil exports increase in August
Iraqs August crude oil export increased to 68mn bpd, a jump of about one per cent from the previous months 67.2mn bpd.
Honeywell signs global services agreement with Nautical Control Solutions
Honeywell has entered into a global agreement to provide implementation consulting services, project management, and long-term end-user support with Nautical Control Solutions, LP (NCS) for its FuelTrax Marine Fuel Management system.
ENI signs memorandum with Libya's NTC
Italys Eni has signed a deal with Libyas rebel government aimed at quickly restarting its oil and gas operations in the country following concerns it could lose its dominant position to rivals.
DNO's board approves merger with RAK Petroleum
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