Dana Gas has increased its gas production in Egypt by about 10 percent with the start up of operations at two new fields, the UAE-based company said on Tuesday.
The West Sama-1 and Allium-1 fields in Egypt have started commercial
BP has been excluded from the pre-qualification bidding process to develop Abu Dhabi's largest onshore oil fields, the concession for which is set to expire in 2014, according to a report by the Petroleum Intelligence Weekly.
BP, which has
The shutdown in Sudanese oil supply could drive up already record premiums on spot crude markets as top Sudan customers China and Japan scramble for alternatives even as they weigh the impact on oil flows of international sanctions on Iran. &
The upstream growth plans of the world's two biggest oil trading companies took a big step forward on Thursday as Iraq pre-qualified Glencore and Vitol to bid for billions of barrels of oil exploration rights next January.
The Iraqi oi
Libya's National Transitional Council (NTC) expects to restart oil production at the Misla and Sarir oil fields in around 10 days time, the North African country's new oil minister Ali Tarhouni said on Saturday.
When asked when Lib
Pumping at one oil storage tank in Iraq's southern oilfields was halted after an attack ignited a fire there, sources said on Sunday.
Firefighters were working to control the blaze after the tank near the country's Zubair oilfield
The impact of the Greek debt crisis may not only squeeze global demand for oil but also make it harder for energy companies to finance new projects, a top executive at French oil major Total said.
Total and its industry peers, which invest
Exxon Mobil has been picked to lead a 'multibillion-dollar' water-injection project on behalf of international oil companies that won contracts in southern Iraqi oilfields, an official said on Monday.
The cost of the project would
Iraq will sign preliminary contracts with oil companies that bid successfully last week for seven fields, oil ministry spokesman Assem Jihad said.
The contracts will then be submitted to the cabinet for final approval, according to a repor
Iraq is offering some of the world's largest remaining untapped oilfields in an auction that will spark fierce competition as the world's largest energy companies fight for rare access to cheap Middle East reserves.
Iraq holds the