Saudi Aramco discovered eight new oil and gas fields and produced a record volume of gas last year, the oil giant's chief executive officer has said.
However, Khalid Al-Falih, also the company's president, described
Libya has begun importing diesel and fuel oil to keep power plants operating after protests closed most of the gas fields in its eastern region which usually supply them, an industry executive said on Monday.
No end is in sight to
Lebanon will issue international tenders for drilling in its potentially gas-rich Mediterranean waters and aims to have contracts signed with the winning firms within a year, its Minister of Energy said on Thursday.
Interest in drilling of
Iran will need some $40 billion this year to spur the development of oil and gas fields it shares with neighbouring countries, Oil Minister Rostam Qasemi said in his first interview since being appointed to the post, published on Saturday.
Iran will issue 2.7 billion euros ($3.9 billion) of bonds to help finance the development of its South Pars gas field in the Gulf, Oil Ministry news website Shana reported on Tuesday.
"These bonds will be offered from next week with the pa
Iraq signed the final contracts on Sunday to develop its Siba and Mansuriyah gas fields in deals involving Turkish, Kuwaiti and South Korean companies that will help diversify the country's fossil fuel production.
The Siba deal was si
Iraq will sign the final deals to develop its Mansuriyah and Siba gas fields on June 5, Abdul Mahdy Al-Ameedi, the head of the Oil Ministry's licensing and contracting office, told Reuters on Wednesday.
South Korea's Kogas, Kuwait Energy C
Iraq on Wednesday offers up three of its gas fields in its third energy auction since the 2003 US invasion, hoping to leap into the ranks of top energy producers and shake off a legacy of war and isolation.
But the gas auction, set to star
Saudi Aramco has awarded Baker Hughes, a two-year contract for two fit-for-purpose underbalanced coiled tubing drilling packages designed to re-enter existing wells in the gas fields of southern Saudi Arabia.
Baker Hughes will provide proj