Emirati rig company Lamprell expecting weakness

Daniel J. GraeberDUBAI, United Arab Emirates, March 23 (UPI) — Emirati oil rig construction company Lamprell said it was holding up well against the market downturn, but expects full-year 2016 revenue to show a decline.


Emirati rig company Lamprell expecting weakness

Daniel J. GraeberDUBAI, United Arab Emirates, March 23 (UPI) — Emirati oil rig construction company Lamprell said it was holding up well against the market downturn, but expects full-year 2016 revenue to show a decline.



Oil prices fall after attacks on Brussels

Daniel J. GraeberNEW YORK, March 22 (UPI) — Economic growth concerns added to pressure from attacks on the European capital to push crude oil prices into negative territory in early Tuesday trading.


Schlumberger calls for industry rethinking

Daniel J. GraeberNEW ORLEANS, March 22 (UPI) — The head of Schlumberger, one of the largest oil and gas services companies in the world, said from New Orleans the industry is in need of a strategic makeover.






Kelvin Hughes radar for British Navy vessels

Richard TomkinsENFIELD, England, March 21 (UPI) — Kelvin Hughes of Britain reports that more than 60 ships of the Royal Navy and Royal Fleet Auxiliary are to be outfitted with its SharpEye radar system.