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06.02.2014 Oil service market overheated, says Russian Rosneft chairman

The oil service market has been overheated, Rosneft President Igor Sechin has told a press conference in Moscow.

Sechin said that oil servicemen’s prices were not economically grounded and that the sector was dominated by monopolies.

25.10.2013 Russian Energy Ministry to Rescue Oil Service without Tax Breaks and Financial Support by 2018

The share of domestic oil service companies on the Russian market is to rise from 77% to 80%, experts from the Russian Federation’s trade and industry chamber hope. They have come up with a road map to support oil services.

13.08.2013 Technip, Dof Announce Petrobras Pipeline Contract

French group Technip and a Norwegian firm have won contracts worth 1.35 billion euros involving the construction of the biggest pipe-laying ships of their type for Brazil, Technip said on Monday.