Commodity price uncertainty aside, issues raised after Mexico’s Round 1 Phase 1 can be addressed to move the country toward its goal of growing production and strengthening its economy.
The top 10 frack sand suppliers claim 55% of total business, while more than 40 companies make up the remaining percentage.
OneSubsea and Subsea 7 established an alliance to deliver "integrated subsea development solutions" by combining their hardware and seabed processing capabilities with installation and flowline/umbilical expertise, respectively.
An improved relationship could lead to greater cost savings with both earning higher margins.
Iran's deputy oil minister for commerce and international affairs, Hossein Zamaninia, said Tehran had identified nearly 50 oil and gas projects worth $185 billion that it hoped to sign by 2020. OPEC-member Iran has the world's largest gas reserves and is fourth on the global list of top oil reserves holders.