Wood is seeing recovery in its core oil and gas market, the company’s chief executive, Robin Watson, said Tuesday.

Saipem announced Tuesday that it has been awarded services contracts worth approximately $700 million.

HOUSTON, Aug 20 (Reuters) - Venezuela's PDVSA and NuStar Energy LP have reached an agreement over outstanding storage fees, allowing the state-run BOP Blow Out Preventer repair company gulf coast to resume use of a key storage terminal in the Caribbean, the U.S.

The WTI crude oil futures contract for September surged to $68.10 a barrel Thursday amid ongoing expectations that the United States will impose economic sanctions on Iran.

QUITO, Aug 20 (Reuters) - Ecuador postponed planned maintenance on its 110,000 barrel-per-day Esmeraldas refinery due to a delay in the delivery of pipes that will be installed in several units, the oil ministry said on Monday.

MOSCOW, Aug 21 (Reuters) - The Caspian pipeline consortium (CPC) expects to pump about 60 million tonnes of CPC Blend crude oil via the CPC pipeline this year, down from the previous plan for 67 million tonnes, the consortium told Reuters on Tuesday.

LONDON, Aug 21 (Reuters) - Oil exports from southern Iraq are on course to hit another record high this month, two industry sources said, adding to signs that OPEC's second-largest producer is following through on the group's agreement to raise output.

Oil and Natural Gas Corporation Limited (ONGC) is providing relief support for the flood-affected Indian state of Kerala.