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DAILY UPDATE
INDUSTRY NEWS

Central Asia to Press Ahead with Caspian Sea Pipeline Central Asian gas producers Turkmenistan and Kazakhstan agreed to press ahead with a new Caspian Sea gas pipeline – a Russia-backed project rivalling Europe-backed Nabucco, an official government report said.

Conoco Sees $1.4bn Cost Cuts and Slows Projects ConocoPhillips the third-largest US oil company, said it planned to cut costs by $1.4bn this year while still keeping its oil and gas productin flat with 2008 levels.

Future of Sacyr’s Stake in Repsol Debt-laden Spanish builder Sacyr Vallehermoso has been seeking a buyer for its 20% stake in oil major Repsol since last September.

 

CORPORATE NEWS

Norbar Torque Tools Wins Coutts Prize for Family Business Norbar Torque Tools

CETCO Oilfield Services Goes Subsea CETCO

 

 
26th March 2009

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