Industry

ENI to drill 68 new oil wells in Iraq

ENI_Iraq

Italy's ENI is speeding up work in Iraq's Zubair oilfield despite ageing facilities there and plans to drill about 68 new oil wells through next year to increase production, Iraqi officials said.

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Vallourec to acquire Zamil Pipes

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Vallourec agreed a deal to acquire Saudi Seamless Pipes Factory Company Limited (Zamil Pipes), the first processing company of seamless OCTG(1) in Saudi Arabia.

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Tyco to buy KEF Holdings in the UAE

tyco

Tyco International Ltd agreed to acquire a 75 per cent equity stake in privately-held KEF Holdings Ltd. for approximately US$300mn in cash.

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RAK Petroleum sees Q1 profits

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RAK Petroleum Public Company Limited, announced net operating profits of US$5.1mn for the quarter ended 31 March 2011 on turnover of US$17.1mn.

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Maritime Industrial Services to be bought by Lamprell

lamprell

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

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