Saturday 22 November 2014
 
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oil field

Saudi-Kuwait oilfield halted due to 'environmental issues'

Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Reuters.

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Islamic State captures Iraqi town of Zumar, oil field

Islamic State Sunni insurgents have captured the northern Iraqi town of Zumar and a nearby oil field in their first major defeat of Kurdish fighters, witnesses said on Sunday. The Al-Qaeda offshoot, which swept through northern Ir

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KBR wins key Abu Dhabi oil field contract

KBR, a global engineering, construction and services company, has annnounced that has been awarded a contract by Hyundai Heavy Industries to perform engineering design services for the Abu Dhabi Marine Operating Company's Al-Nasr full field

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China eyes Abu Dhabi oil deal for future energy

China hopes to secure more fuel to sustain its rapid economic growth via the rights acquired by state-run China National Petroleum Corporation (CNPC) to produce and export oil from Abu Dhabi. CNPC has expanded over the past decade

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Iraq delays oil project auction to June 19

Iraq has delayed for the second time an international tender for the development of its Nasiriya oil field and the construction of a new refinery to June 19, the oil ministry said on Tuesday. The bidding auction had first been sch

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Islamist rebels capture Syria's largest oilfield

Islamist rebels led by al Qaeda-linked fighters seized Syria's largest oilfield on Saturday, cutting off President Bashar al-Assad's access to almost all local crude reserves, activists said. There was no immediate comment

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Increased activity boosts oilfield firms' profits

Increased oilfield activity in US offshore waters and overseas gave a bigger-than-expected lift to profits at Schlumberger and Baker Hughes, marking a clear divide with struggling smaller US oil services firms.  

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Iran to double offshore oilfield output by March

Output from Iran's Forouzan offshore oilfield is set to more than double to 100,000 barrels per day (bpd) by next March, after two additional production platforms are installed, oil ministry news service Shana said. Developmen

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UAE-France JV wins $1.6bn oil field project

A consortium of National Petroleum Construction Company (NPCC) and France's Technip have won a 6.2 billion dirham ($1.6 billion) contract to develop an offshore oil field in Abu Dhabi, the CEO of NPCC said.  

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Mubadala unit to develop oil field in Thailand

A subsidiary of Abu Dhabi state investment fund Mubadala and Singapore-listed Kris Energy plans to develop an oil field in the Gulf of Thailand. Mubadala Petroleum and Kris Energy will develop the Nong Yao field with production ca

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