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INDUSTRY NEWSCentral 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
