Petrofac and Schlumberger announced that under a new deal they would be combining their production services and enhancement arms to address new market opportunities.
Industry
Iraq’s 4th energy auction postponed to April
The 4th oil and gas auction in Iraq, initially scheduled to take place on March 7-8, has been pushed back to April 11-12, 2012.
Qatar publishes its first Sustainable Development Report
Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry, launched Qatars first Sustainable Development Industry (SDI) Report that covers the various sustainability initiatives and projects undertaken by energy & industry stakeholders operating in the country.
Fujairah buys part of Gulf Petrochem oil storage facility
Gulf Petrochem Group has signed an investment agreement with the Government of Fujairahs subsidiary Fujairah Petroleum Company (FPC) which sees FPC buy a 12 per cent stake in its upcoming storage terminal project in Fujairah.
Lukoil awards Piling Tech US$10mn Iraqi oil contract
Lukoil has awarded Piling Tech, a unit of UAE-based Tech Group, its first oil contract in Iraq valued at US$10mn.
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