Iraq's cabinet has approved a $526.6 million drilling deal with China's Zhongman for the West Qurna Two oilfield, the government said in a statement on Tuesday.
Under the 28-month contract, Zhongman Petroleum and Natural G
The low oil price is expected to dramatically impact O&G activity on the UK Continental Shelf (UKCS), resulting, most notably, in a decrease in the number of wells drilled, a report said.
In 2014, drilling campaigns were signi
Sudan's oil minister says the country will drill more than 250 wells in the coming year, aiming to boost its energy reserves by 65.4 million barrels of oil and 300 billion cu ft of gas, state media reported on Tuesday.
UK-based oil and gas services group Petrofac, which slashed its 2014 profit forecast by 11 percent this month, said on Friday it was awarded a contract worth $970 million in Algeria.
Petrofac said the contract was for gas gatherin
US-based Lukoil has awarded Baker Hughes, a major oilfield services company, a two-year contract to provide full drilling and completion services for 23 wells in the West Qurna field in southeast Iraq.
Under the terms of the contract, Bake
Nineteen new oil wells have been drilled and have started to produce oil at Bahrain's onshore fields, it was revealed.
Oil and Gas Affairs Minister and National Oil and Gas Authority chairman Dr Abdulhussain Mirza said these wells have
Iraq, along with oil major Royal Dutch Shell and Malaysia's Petronas have awarded a contract to Halliburton Co to drill 15 oil wells in the supergiant Majnoon oilfield, an oil official said on Monday.
Oil and gas service
BP and its partners, China's CNPC and Iraq's South Oil Co, expect to issue tenders to drill 40-50 new wells in the supergiant Rumaila oilfield this year and 'about the same' next year, a company official said.
State oil giant Saudi Aramco will drill at least 300 development wells on and offshore and 48 exploratory wells this year, an executive said.
"We are proceeding with our development and exploration programme, (and) this year we are going t
Iraq, along with British oil major BP and its Chinese partner CNPC, has invited 10 firms to drill 56 new wells in the supergiant Rumaila oilfield, an Iraqi official said.
Iraq, in desperate need for cash to rebuild its battered economy aft