Drilling & production - 01 November 2013

OMV has closed the acquisition of assets in Norway and the UK (west of Shetland area) from Statoil.

Gulf Keystone Petroleum International, an independent oil and gas company with operations in Iraq, has announced that the Akri Bijeel Block has been declared commercial.

Key findings from a Black & Veatch report show that the natural gas industry is entering a period of sustained growth driven by cheap shale gas resources.

Tata Steel cuts jobs in UK: prolonged downturn in demand for steel.