FTS International forms joint venture to expand operations
US-based FTS International (FTSI) has signed an agreement with Summit Technologies Company (Summit), through its affiliate Selected Arabia, for its first international joint venture
Industry
Kuwait Energy profits hit new high
Kuwait Energys 2011 profit surged by 58.9 per cent on 2010 figures as the firm posted a record net profit of US$34.8 million for 2011
OPEC confident of meeting world oil demand
The Organisation of the Petroleum Exporting Countries (OPEC) has said it is confident that it can supply enough oil to meet market demand this year, according to its latest Oil Market Report
Oil and gas sector facing critical talent crunch, warns Deloitte
Deloitte has revealed that oil and gas experts will have to face up to a looming talent shortage in all skill categories, according to its latest report
NPCC to spend US$500 million on upgrading equipment
Abu Dhabi-based National Petroleum Construction Company (NPCC) has said it will spend more than US$500 million to upgrade its offshore marine fleet, increase the capacity of its yards and improve equipment
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