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
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
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
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
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
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.
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.
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.
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