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Warba acquires Weatherford Oman propertyKuwait-based Islamic lender Warba Bank said it has acquired the Muscat office building of leading oilfield services company Weatherford Middle East as part of its strategy to capitalise on unique investment opportunities in the region. More… |
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Warba acquires Weatherford Oman propertyKuwait-based Islamic lender Warba Bank said it has acquired the Muscat office building of leading oilfield services company Weatherford Middle East as part of its strategy to capitalise on unique investment opportunities in the region. More… |
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Libya to sweeten terms for foreign oil companiesLibya plans to improve the terms for foreign oil firms ahead of its next licensing round and could begin seeking bids in the third quarter of 2013, the Opec member's new oil minister said. Organization of the Petroleum Exporti More… |
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DNO unveils big Gulf, Iraq acquisition plansNorwegian oil company DNO could buy more oil and gas assets in Iraq, Yemen, the UAE, Oman and Tunisia once it completes the $250 million acquisition of assets from UAE-based RAK Petroleum, said its chairman on Wednesday. DNO had agreed to More… |
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Petrobras board delays business plan approvalThe board of Brazilian state-led oil company Petrobras has delayed approval of a five-year business plan for a second time, which may indicate strain between management and the federal government over the size of the company's investments. More… |
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Libya oil company asks oil workers to returnLibya's National Oil Corporation (NOC) has called on employees to return to work at oil installations and is hopeful oil production can soon increase, the head of NOC said on Monday. The uprising against the rule of Muammar Gaddafi has sha More… |
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Petrobras raises $70bn in largest share offeringBrazilian state oil company Petrobras has raised $70 billion in the world's biggest share offering, giving the company the financial muscle it needs to tap vast offshore oil reserves. The cash will help fund the world's largest oil More… |
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Petrobras raises $70bn in largest share offeringBrazilian state oil company Petrobras has raised $70 billion in the world's biggest share offering, giving the company the financial muscle it needs to tap vast offshore oil reserves. The cash will help fund the world's largest oil More… |
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Zadco extends 3-year partnership with ICDLZakum Development Company (Zadco), a major Abu Dhabi-based oil company, said it will extend its 3-year agreement with ICDL GCC Foundation, to ensure that its offshore workforce has computer literacy training. The move broadens the 2006 agr More… |
