Oil prices fell after a one year high was reported after the Organisation of Petroleum Exporting Countries were trying to agree to cap production for a minimum of six months.
Oil prices retreat after OPEC uncertainty
Industry
Oil prices surge as Russia indicates willingness to support production cut
Oil prices rose to a one-year high following comments of Russian President Vladimir Putin supporting OPEC’s recent agreement to cut production in a bid to boost oil prices
Penspen awarded contract for works on ADCO fields
Penspen, a leading global provider of engineering and project management services to the energy industry, has signed an agreement with Matrix Construction to provide modification works at Bab and Asab fields, located west of Abu Dhabi. The fields are owned and operated by the Abu Dhabi Company for Onshore Petroleum Operations Ltd (ADCO)
ITF and SPE sign agreement to accelerate technology development
The Industry Technology Facilitator (ITF) has signed a memorandum of understanding with the Society of Petroleum Engineers (SPE) to share and enhance global technology development opportunities in the oil and gas industry
GE Oil & Gas awarded PDO contract for Progressing Cavity Pump (PCP) systems
GE Oil & Gas has signed a long-term, multimillion-dollar contract with Petroleum Development Oman (PDO) for the provision of Progressive Cavity Pump equipment (PCP) and related services, commencing in the third quarter of 2016
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