Militants took a town an hour from Baghdad that is home to four natural gas fields on Thursday, another gain by Sunni insurgents who have swiftly taken large areas to the north and west of the Iraqi capital.
Saudi Arabia and Kuwait have shelved their project to develop the Dorra offshore gas field after disagreeing over how to share the gas back on land, a senior Kuwaiti energy source said.
Dorra has long been a bo
South Korea's Daewoo Engineering & Construction has won a $709 million service contract to develop Iraq's largest gas field in the western province of Anbar, the cabinet secretary said on Monday.
Daewoo E&C will ha
Abu Dhabi National Oil Company (ADNOC) and Royal Dutch Shell will form a joint venture to develop the Bab sour gas reservoirs, a partnership in Adnoc will own 60 percent and the Anglo-Dutch firm will take 40 percent.
The two companies w
Saudi Arabia will develop its Midyan natural gas field in the Red Sea in 2013, Oil Minister Ali Naimi said in comments reported on Tuesday in local media.
"The Midyan field will be developed in 2013 and it would start product
Saudi Arabia's Aramco, the world's largest energy company, has discovered a new gas field in the Red Sea, 26 kilometres North West of the port of Daba, said a Saudi Press Agency report quoting the oil minister.
Development of an offshore gas field by Kuwait and Saudi Arabia has been delayed for months, due to disagreement over where to share out the gas, and the project may not start up on time unless the dispute is settled soon, a se
BP last week began drilling the first well in its concession in the Risha natural gas field in eastern Jordan, near the border with Iraq, the British oil major said on Monday.
The drilling follows two years of preparation and a 'very s
Saudi Arabia is likely to burn less crude in its power plants this summer thanks to rising output from dedicated gas fields and gas that would be associated with any increase in oil output to make up for lower Iranian production, said experts.