Technip has agreed to acquire the entire share capital of US firm Global Industries in a deal that helps the French firm's push into the fast-growing subsea segment of oil services.

Vallares will merge with Turkey's Genel Energy International Ltd. in a US$2.1 billion deal that will see Vallares gain access to oil fields in Iraq's Kurdistan region.

Iraq's August crude oil export increased to 68mn bpd, a jump of about one per cent from the previous month's 67.2mn bpd.

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.

Italy's Eni has signed a deal with Libya's rebel government aimed at quickly restarting its oil and gas operations in the country following concerns it could lose its dominant position to rivals.