Obama and Cameron discuss possible oil reserve release
President Obama and Prime Minster Cameron have been involved in discussions regarding the possibility of releasing oil reserves in a bid to combat record prices.
Drilling & production - 15 March 2012
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Siemens receives order for semisubmersible power packages
Siemens has received an order for the supply of two complete power packages for Statoil’s two new semisubmersible drilling units.
TAQA to boost Capex to US$ 2 – 2.2 billion
Abu Dhabi National Energy Co. (TAQA) has announced plans to boost Capex for 2012 to US$ 2 – 2.2 billion.