Iraqi Kurdistan has awarded Chevron Corp a stake in the Qara Dagh oil block, the region's energy minister said on Thursday, building on the company's exploration play in the autonomous northern region.
Heritage Oil, a London-listed oil and gas exploration company, said it will sell part of a gas block and borrow money from Genel Energy to raise $450 million, easing concerns about how it will fund oilfield purchases in Nigeria.
Rak Petroleum, a leading oil and gas exploration firm based in the UAE, has announced plans to farm-out a 50 per cent stake in its block in Oman to expert Spanish group Repsol Exploracion.
The Ras Al Khaimah company said it
Reliance Industries' holding in northern Iraq oil block has been reduced to 80 per cent after the Kurdistan Regional Government assigned 20 per cent stake in the block to Austria's OMV Petroleum Exploration.
'The Regional Gover
Malaysia has awarded a production sharing contract for an oil block to Abu Dhabi's Mubadala Development Company and Petronas Carigali, the exploration and production arm of the state oil firm.
The minimum financial commitment for the S