Slumping oilfield services sector bets on new offshore technology

The oil industry’s top equipment and services suppliers this week are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry.

Beijing pushes for consolidation to combat slumping figures

The ports sector is following a host of other industries in China by being coerced to join forces, writes...