Iran and a group of six nations led by the USA have today agreed to significantly limit Tehran’s nuclear ability for more than a decade in return for lifting international oil and financial sanctions against the Middle East nation
Industry
Oil demand across the globe to reach 1.28mn bpd by year-end
World oil demand in 2015 is expected to grow by 1.28mn bpd, following an upward revision of 0.10 mn bpd since June 2015, OPEC has announced in its monthly report
Halliburton and Baker Hughes extend merger deadline
Halliburton and Baker Hughes have entered a timing agreement with the US Department of Justice (DOJ) to extend the period for the review of a buy-in
McDermott International signs long-term agreement with Saudi Aramco
USA’s McDermott International has signed an engineering, procurement, construction and installation (EPCI) agreement with Saudi Aramco for future brownfield work in Saudi Arabia’s offshore fields
ITF’s GCC members keen to explore joint industry projects
GCC members of the global oil trade body Industry Technology Facilitator (ITF) have agreed to address technology challenges with the aim of working on joint industry projects (JIPs)
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