Global oil demand growth to fall - IEA


International Energy Agency's (IEA) latest oil market report said global oil consumption is slowing down as questions marks over the state of the global economy resurface.

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Technip to acquire Global Industries



Technip has agreed to acquire the entire share capital of US firm Global Industries in a deal that helps the French firm's push into the fast-growing subsea segment of oil services.

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Vallares to merge with Genel


Vallares will merge with Turkey's Genel Energy International Ltd. in a US$2.1 billion deal that will see Vallares gain access to oil fields in Iraq's Kurdistan region.

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Iraq's oil exports increase in August


Iraq's August crude oil export increased to 68mn bpd, a jump of about one per cent from the previous month's 67.2mn bpd.

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Honeywell signs global services agreement with Nautical Control Solutions


Honeywell has entered into a global agreement to provide implementation consulting services, project management, and long-term end-user support with Nautical Control Solutions, LP (NCS) for its FuelTrax Marine Fuel Management system.

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