Weatherford dismisses Macondo claims
Weatherford International Ltd. has had all claims against the company in the multi-district litigation over the cause of the Macondo blowout and oil spill dismissed.
Weatherford International Ltd. has had all claims against the company in the multi-district litigation over the cause of the Macondo blowout and oil spill dismissed.
Territorial disputes fuelled by the prospect of oil and gas reserves are hindering E&P activities in the Asia-Pacific region.
Italian oilfield services contractor, Saipem has hit record profit levels.
The Greek government has agreed to strict austerity measures, leading to a rise in crude prices.
Figures show that the Brazilian state player reduced investment by 5.1% in 2011.
French company Total has announced a 16% rise in profits.
China Petroleum and Chemical Corp. has unveiled plans to invest US$ 8.41 billion by 2015.