Maritime Industrial Services to be bought by Lamprell


Lamprell announced that it will acquire Maritime Industrial Services (MIS) for US$336.1mn.

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Middle East energy demand growth to continue


ExxonMobil presented the latest edition of the company's Outlook for Energy: A View to 2030 at a roundtable in Dubai outlining the increasing global and regional energy demand.

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Iran oil and gas reserves rise by half a billion barrels


Iran's oil and gas reserves have risen by half a billion barrels and five trillion cubic feet respectively with the discovery of new onshore oil and gas fields in the south and west of the country, an Iranian daily quoted a senior oil official as saying.

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Dow Q1 results show strong growth


The Dow Chemical Company announced that sales in Q1 of 2011 hit US$14.7 billion, a 20 per cent increase compared with the same period last year.

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Oil majors launch Subsea Well Response Project


Nine of the world's leading oil and gas companies – BG Group, BP, Chevron, ConocoPhillips, ExxonMobil, Petrobras, Shell, Statoil and Total – announced the launch of the Subsea Well Response Project (SWRP), an initiative designed to enhance the industry's capability to respond to subsea well control incidents.

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