Thursday 17 April 2014
 
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oilfields

UAE sees global interest for largest oilfields

Abu Dhabi has received strong interest from international firms for participating in its largest oilfields, as it weighs continuing previous partnerships with Western oil giants or letting big Asian buyers take stakes, said a top official.

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Iran wants oil majors to revive ageing oilfields

Iran's leading oil negotiator says Tehran wants Western oil companies to revive its giant ageing oilfields and develop new oil and gas projects once sanctions are lifted. Mehdi Hosseini, in charge of revising Iran's oil in

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US to surpass Saudi as top oil producer by 2016: IEA

The U S will stride past Saudi Arabia and Russia to become the world's top oil producer by 2016, the West's energy agency said, bringing Washington closer to energy self-sufficiency and reducing the need for Opec supply. B

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Iraq resumes output from oilfields after leak

Iraq has restored normal output from the southern oilfields on Sunday after completing repair work on a pipeline leak that reduced oil production, two oil officials said on Monday. The leak in the ageing pipeline - buried three me

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Libya's oil chaos deepens as armed group shuts pipeline

Libya's largest western oilfields closed when an armed group shut down the pipeline linking them to ports, its deputy oil minister said on Tuesday, reducing its oil output to a trickle. Total Libyan oil output would be just un

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EU ban may be a boon for Iran oilfields

Europe's ban on Iranian oil, aimed at piling pressure on Tehran over its nuclear programme, may end up breathing new life into the country's ageing oilfields, according to Western and Iranian oil experts. If Iran were forced to shut in any

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Big oil firms may have to give up Iraq gas

Many of the world's biggest energy companies may have to surrender most of the gas from Iraq's southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe's biggest company, obt

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Iraq supergiants to hit 2.1m bpd by year-end

Iraq expects crude output from its southern oilfields, Rumaila, Majnoon and West Qurna Phase one, to reach about 2.1 million barrels per day by the end of this year, the head of South Oil Compnay (SOC) said. State-run SOC gave the estimate

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Iraq, Sonangol finalise oilfield deals

Iraq signed final contracts with Angolan state oil company Sonangol on Tuesday to develop the Qayara and Najmah oilfields. Qayara has reserves of some 800 million barrels and Najmah 900 million. Both are in the violent Nineveh province in

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Iraq to finalise oil deals later this month

Iraq's Oil Ministry will finalise deals later this month with foreign energy firms for its Majnoon, Gharaf, Qayara and Najmah fields, a ministry official said on Sunday. Sabah Abdul Kadhim, the head of the legal section of Iraq's P

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