Business news - 08 July 2019

This milestone comes less than a year after US crude oil production surpassed 11 million bpd in August 2018.

Subsea services group Acteon is adding subsea cutting expertise to its Claxton brand with the acquisition of Proserv’s international Field Technology Services and Survey business units.

Eni and the Tunisian government extend their collaboration for transporting Algerian natural gas until 2029.

INEOS to progressively reduce flow of the Forties Pipeline System for repair on one of its three processing units at Kinneil, Scotland.

The purchase will advance Lincoln Electric’s regional growth strategy in Europe, the Middle East and Africa.