Monday 15 February 2016
 
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oilfield

Dubai Petroleum oilfield stable after gas leak

Dubai Petroleum said on Saturday a gas leak had occurred at its offshore Fateh oilfield on Thursday but that the situation was now stable. The source of the gas leak was at an area where a previous fire had occurred in 1975 and wa

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OCB Oilfield Services acquires Kuiper International

Gulf Capital, a leading alternative investment firm in the Middle East, said its portfolio company OCB Oilfield Services has acquired 100 per cent of Kuiper International, a dominant player in the offshore construction and maintenance services

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Iran signs major oilfield exploration deals

Iran has signed contracts with Russia, Spain and Italy to step up exploration and study of its oilfields based on their geological and geophysical features, a report said. The deal with Russia’s largest private oil firm Luko

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China’s CNPC to develop phase 2 of North Azadegan oilfield

The China National Petroleum Corporation (CNPC) has been selected to will carry out the development project for the second phase of the North Azadegan oilfield in Iran, said a report. North Azadegan Oilfield is located about 120 km west

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Occidental to sell Zubair stake to Iraq's South Oil

Occidental Petroleum, the fourth-largest US oil producer, will sell its stake in the 4-billion-barrel Zubair oilfield to Iraq's state-run South Oil Company (SOC), Iraqi oil officials said.   "Occidental

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Saudi Khurais oilfield expansion 'slower than expected'

Saudi Arabia is moving ahead with the expansion of its giant Khurais oilfield but the project would move slower than originally planned because of budgetary reasons, industry sources said.   Since global oil pric

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Saudi Khurais oilfield expansion delayed

The expansion of Saudi Arabia's Khurais oilfield is expected to be delayed from the originally planned timeframe of 2017 and the start-up date is now unclear, industry sources said. The sources said authorities had not given r

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Saudi Khurais oilfield expansion delayed

The expansion of Saudi Arabia's Khurais oilfield is expected to be delayed from the originally planned timeframe of 2017 and the start-up date is now unclear, industry sources said. The sources said authorities had not given r

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Eastern Libya's Agoco producing 220,000 bpd of crude

State oil firm the Arabian Gulf Oil Co (Agoco), which runs Libya's biggest oilfield, Sarir, and the eastern Hariga port, is producing 220,000 barrels a day (bpd), a company spokesman said.   That is stable fr

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Wood Group cuts 13pc jobs

John Wood Group said it had reduced its headcount by 13 per cent since December and saved $40 million in overhead costs in the first half. The oilfield services company, which reported a 7.4 per cent fall in first-half core profit

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