Sunday 19 November 2017
 
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oil field

Baker Hughes to set up big oilfield equipment unit in Algeria

Algeria's state energy producer Sonatrach has announced plans to set up a 2,000-sq-m oilfield equipment manufacturing facility in the country's Arzew Industrial Zone in partnership with Baker Hughes, a GE company (BHGE). &

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Iraq calls proposals to develop small oil fields

Iraq has requested proposals from international oil companies interested in developing a number of small- and medium-sized oil fields, Iraq Business News reported. The fields include Sindebad, Umm Qasr, Rachi, Abu Khema&n

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Gazprom in talks to develop Iran gas field

Russia’s Gazprom, a leader in the energy sector, is in talks with the National Iranian Gas Company (NIGC) to develop a gas field in Iran, a report said. Talks are currently focused on the text of the agreement; Russia's

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Non-Opec oil output decline rates speed up

Non-Opec oil field decline rates have accelerated to 5 per cent as a result of the impact on output from a 41 per cent or $285 billion reduction in global oil & gas capex from the 2014 peak, a Bank of America Merrill Lynch (BofAML) report sa

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Non-Opec oil output decline rates speed up

Non-Opec oil field decline rates have accelerated to 5 per cent as a result of the impact on output from a 41 per cent or $285 billion reduction in global oil & gas capex from the 2014 peak, a Bank of America Merrill Lynch (BofAML) report sa

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Drake & Scull inks Eni Iraq project contract

Drake & Scull International, a regional market leader in the general contracting and mechanical, electrical and plumbing (MEP) sector, said it has won a Dh226 million ($62 million) engineering, procurement and construction (EPC) contract fro

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Drake & Scull inks Eni Iraq project contract

Drake & Scull International, a regional market leader in the general contracting and mechanical, electrical and plumbing (MEP) sector, said it has won a Dh226 million ($62 million) engineering, procurement and construction (EPC) contract fro

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Saudi Aramco to boost Shaybah field output

Saudi Aramco plans to increase oil output from its Shaybah field over the next two weeks to one million barrels per day, Saudi media reported on Thursday, quoting the company CEO. Amin Nasser also told Saudi journalists that he ex

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BP, Shell among bidders to run Qatar oil field

Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar's largest offshore oil field, two people with knowledge of the matter told Reuters. The other bidders are the field's current ope

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Kuwait, Saudi agree to resume Khafji operations

Kuwait has agreed with neighbouring Saudi Arabia to resume production at the joint Khafji oilfield, the Opec member's acting oil minister said on Tuesday. Anas Al-Saleh, who is also Kuwait's finance minister, told reporter

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