Industry

OPEC, Russia considering 10-20 year oil cooperation deal

Saudi Crown PrinceSaudi Crown Prince Mohammed bin Salman said that OPEC is seeking a long-term deal with Russia and other non-OPEC countries to cooperate on oil output controls, according to a report by Reuters

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Renish Group launches Alaska International with higher storage capacity

renishRenish Group, a growing company in oil space, has launched its Hamriyah port-based storage facility in the UAE, the Alaska International FZE, with higher capacity at 22 tanks to boost storage ability and expand operations in the Middle East

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AnTech launches geosteering service for coiled tubing drilling

rockviewSpecialist directional coiled tubing drilling service company AnTech Ltd has launched RockView technology to provide real-time, high resolution geosteering possible for the first time

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Lamprell shares dive on FY core loss, revenue outlook cut

Rig North SeaRig-maker Lamprell Plc posted a full-year core loss compared with earnings last year, hurt by losses in its offshore wind farm project in the North Sea

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TechnipFMC's CFO sees price pressures stabilising in the Middle East

Oil Rig Technip StoryTechnipFMC PLC's chief financial officer Maryann Mannen said the company's surface business in the Middle East markets was beginning to see stabilising price pressures and improving volumes after more than two years

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