Baker Hughes remains upbeat despite Q1 profit fall
Baker Hughes first quarter profit for 2012 has fallen to US$379 million from $381mn for the same period in 2011
Industry
Schlumberger posts strong first quarter growth
Oilfield services company Schlumberger has reported a 38 per cent increase in its first quarter profits from US$944 million for Q1 2011 to $1.3 billion for the same period in 2012
Open-air expansion for region’s biggest oil and gas show
The Middle East’s largest oil and gas exhibition will take its first steps outside with the introduction of outdoor stands and demonstration areas
India looking to increase oil and gas imports from Qatar
Indian oil minister Jaipal Reddy has said that the country would look to increase the countrys imports of crude oil and liquefied natural gas (LNG) from Qatar
Oil exports from Iraqi Kurdistan halted
The Kurdistan Regional Government (KRG) has halted oil exports from April 1 after claiming that the central government in Baghdad had not made payments to companies working in Northern Iraq since May 2011
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