The latest monthly report from the International Energy Agency (IEA) warned that the global economy could suffer a slowdown unless oil prices fall from their current high levels.

A major piece of research, commissioned by international skills body - OPITO, has revealed that the industry overwhelmingly supports common global standards for health and safety training.

Saudi Arabias plan to boost the number of oil rigs at its disposal by 28 per cent suggests the kingdom may be struggling to maintain the 12.5mn barrels a day of output capacity it has long said is in place.

Emerson announced it has acquired full ownership of its Fisher Sanmar Limited joint venture from Sanmar Engineering Corporation, expanding the capabilities of Emerson Process Management in India.