Industry

Japan to reduce Iranian oil imports

Japan_IranJapan will take decisive steps to cut Iranian oil imports, the country's finance minister, Jun Azumi announced in Tokyo during a visit by US Treasury Secretary, Timothy Geithner.

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RAK and DNO complete merger

RAK_DNO_1The merger of RAK Petroleum's Middle East-North Africa operating subsidiaries into Norway's DNO International is now complete.

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Endress+Hauser sets up JV in Saudi

Endress+Hauser will establish a joint venture with Abudawood Group, a Saudi sales company, to increase its local market presenceMeasurement engineering specialist intensifies its presence in the Middle East in a joint venture with the Abudawood Group

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Petrofac and Schlumberger to join forces

Petrofac_SchlumbergerPetrofac and Schlumberger announced that under a new deal they would be combining their production services and enhancement arms to address new market opportunities.

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Iraq’s 4th energy auction postponed to April

Iraq_energy_auctionThe 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.

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