Technip has agreed to acquire the entire share capital of US firm Global Industries in a deal that helps the French firms push into the fast-growing subsea segment of oil services.
Industry
Vallares to merge with Genel
Vallares will merge with Turkeys Genel Energy International Ltd. in a US$2.1 billion deal that will see Vallares gain access to oil fields in Iraqs Kurdistan region.
Iraq's oil exports increase in August
Iraqs August crude oil export increased to 68mn bpd, a jump of about one per cent from the previous months 67.2mn bpd.
Honeywell signs global services agreement with Nautical Control Solutions
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.
ENI signs memorandum with Libya's NTC
Italys Eni has signed a deal with Libyas rebel government aimed at quickly restarting its oil and gas operations in the country following concerns it could lose its dominant position to rivals.
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