Iran is working full throttle to develop its South Pars natural gasfield, the world's largest, amid hopes of sanctions relief and the return of Western oil majors.
Development at the mammoth offshore field has been hobbled for years
Despite the impact of the recent unrest on the financial and hospitality sectors, the hydrocarbon sector in Bahrain has been resilient, a report said.
Oil and gas production accounts for 13 per cent of Bahrain's economy, but this figur
Oman halted its oil and gas production due to bad weather as Cyclone Phet hit the small oil-producing country's coast, but no facilities were damaged, DPO and Oman LNG spokesmen said on Friday.
'We won't load any oil because no
Gas production at Iran's giant offshore natural gas field South Pars will rise to 175 million cubic metres per day within the next two years, an energy official was quoted as saying on Sunday.
Iran has the second biggest gas reserves in th
Kuwait Oil Company plans to more than triple output at its gas fields to 600,000 cubic feet per day through second-phase development of a non-associated gas production programme, said a top official.
Kuwait would boost production to more t
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has appointed a former Kuwait oil company official as a senior executive.
Ahmed Rashid Al Arbeed, former chairman and managing director of Kuwait Oi