Abu Dhabi National Oil Company (ADNOC) announced a series of framework agreement awards worth some $2 billion, as it embarks on a new drilling programme.
Struggling oilfield service company Weatherford International was due back in a Houston bankruptcy court on Wednesday afternoon, when a judge would review the company's proposed reorganization plan.
Major oil field services player Weatherford International is still reeling on Wall Street after posting a big financial loss amid its new leadership's efforts to scale back and right the ship.
Weatherford International boss Mark McCollum said a new joint-venture with energy service rival Schlumberger, OneStimSM, would help it take another step towards a better balance sheet.
