Iraq exported oil from southern fields at an average rate of 3.364 million barrels per day in April, higher than the March average of 3.286 million, Oil Ministry spokesman Asim Jihad said.
That is close to the record of 3.37 milli
Oman’s oilfield in-country value (ICV) generation has been targeted at about 32 per cent of the sector's total oil and gas expenditure in the year 2020, which roughly equates to $3.5 billion, according to a report.
The expansion of Saudi Arabia's Shaybah oilfield, which will boost production capacity from the southeastern field by 250,000 barrels per day (bpd), will be completed in few months, industry sources familiar with the matter said.
Denholm Oilfield Services has won a $110 million-worth contracts in the Caspian and Middle East region in the last 12 months.
The company, which has held a presence in key locations such as Kazakhstan during th
Algeria's state energy company Sonatrach has awarded Japanese firm GJC a $339 million contract to help increase production at its largest oilfield in Hassi Messaoud, according to an internal Sonatrach document seen by Reuters.
Dubai Petroleum said on Saturday a gas leak had occurred at its offshore Fateh oilfield on Thursday but that the situation was now stable.
The source of the gas leak was at an area where a previous fire had occurred in 1975 and wa
Gulf Capital, a leading alternative investment firm in the Middle East, said its portfolio company OCB Oilfield Services has acquired 100 per cent of Kuiper International, a dominant player in the offshore construction and maintenance services
Iran has signed contracts with Russia, Spain and Italy to step up exploration and study of its oilfields based on their geological and geophysical features, a report said.
The deal with Russia’s largest private oil firm Luko