Friday 29 March 2024
 
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oil drilling

ADES plans expansion in Iraq, UAE

London-based ADES International Holding, a leading oil and gas drilling and production services provider in the Middle East and Africa, said it is stepping up operations in Iraq and the UAE. In its results for the first half (H1)

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Algeria inks $206m oil deals with US firms

Algeria’s state-owned Sonatrach has awarded contracts worth $206 million to a number of US for oil drilling and other services, a report said. Schlumberger obtained a $75 million contract, while Weatherford received $11 mill

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US plans new offshore oil drilling rule

The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP oil spill in the Gulf of Mexico, the New York Times reported on Friday, citi

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US proposes first rules for Arctic drilling

The Obama administration has proposed standards on exploratory drilling for oil and gas in US Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills. The rules, proposed by the Depar

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US proposes first rules for Arctic drilling

The Obama administration has proposed standards on exploratory drilling for oil and gas in US Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills. The rules, proposed by the Depar

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Petroceltic, Hess to resume oil drilling in Iraq

Oil and gas explorer Petroceltic said it would resume drilling in Iraqi Kurdistan together with partner Hess in early October, after operations were suspended last month at one of its wells due to security risks in the region. The

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NDC commissions five new rigs

Abu Dhabi-based National Drilling Company (NDC) has commissioned five new rigs assigned for the maintenance of oil wells in the UAE, as part of its fleet expansion plans covering onshore and offshore operations. NDC chief executiv

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Norway eyes oil drilling around Arctic islands

Norway took a major step towards opening up an environmentally sensitive Arctic area to oil and gas exploration when the ruling Labour Party gave the go-ahead on Sunday for an impact study. Exploration in the waters around the Lof

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Egyptian oil group wins $20m investment

EuroMena II, an active private equity fund in the Middle East, said it has invested $20 million in Egypt-based Sakson Petroleum Services, a leading oil and gas drilling service provider in the region, to boost its capital and help fund its expan

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Baker Hughes gets $640m Iraqi drilling deal

Iraq awarded a $640 million deal to US oil service company Baker Hughes to drill 60 wells in the southern Zubair oilfield, a government spokesman said on Tuesday. The Iraqi cabinet approved the Oil Ministry's request to award the three-yea

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