Technip was awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project. The project is spread over onshore and offshore locations in two countries, Saudi Arabia and Kuwait.
Italian giant Eni has reported a 9.1% rise in profits.
The world’s leading oil exporter has offered to supply additional crude to India.
A major oil pipeline in the Syrian city of Homs has been damaged in the latest round of fighting in Syria between government troops and rebels.
The American Petroleum Institute say the President’s budget would tax one of the nation’s biggest job creators.