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Lufkin to build its first plant in Romania

Lufkin, an American oilfield and power transmission products supplier, announced its intention to build a production plant near Romanian oil center, Ploiesti.

read more... 14/07/2010

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Oil export duty in Russia might increase in August

Russia’s export duty might rise in August based on the oil price gains on the world market in June.

read more... 13/07/2010

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Statoil sells its subsidiary Tampnet to HitecVision

Hitec Vision acquired Statoil’s subsidiary Tampnet AS, specialized in the communication network between offshore installations.

read more... 12/07/2010

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New offshore oil explorations for LUKOL in Black Sea

New oil sectors are available in the Romanian sector of Black Sea, where a consortium won the auction for the exploration and development of two blocks of 2,000 square kilometers, Est Rapsodia and Trident.

read more... 09/07/2010

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ABB to provide telecommunication systems for Statoil’s offshore operations

ABB won the contract to install and maintain telecommunication systems on Statoil offshore operation, a $23 million worth deal, for the next three years, with the option to extend the period one more year.

read more... 08/07/2010

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