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Lukoil signs exploration deal for Block 10 in IraqRussia’s Lukoil has signed contracts with Iraq’s Oil Exploration Company to conduct seismic surveys at Eridu field to appraise its geological potential, and also at Block 10's southern and central parts, previously not part of th More… |
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Kuwait plans $115bn investment in oil projectsKuwait plans to invest KD34.5 billion ($115 billion) on oil projects over the next five years, Arab News quoted a senior executive as saying. “We have earmarked 34.5 billion dinars for spending on oil projects over More… |
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CCED Oman plans $340m spend in Blocks 3 & 4Oman’s CC Energy Development (CCED), an oil and gas major, plans to invest around $340 million in augmenting exploration and production facilities in its Block 3 and 4 acreage in the Sultanate, a report said. “This is More… |
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Iran in major bid to expand oil capabilitiesIran is planning several projects to expand its oil production and export capabilities, reports said, highlighting a new oil terminal to export one million barrels per day (bpd), and a $1.7 billion development of South Pars Gas Field. More… |
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Kuwait to start offshore oil exploration in two yearsKuwait plans to start an offshore oil exploration programme within two years as part of its plans to boost oil output capacity, said state news agency Kuna citing a Kuwait Oil Company (KOC) executive. In comments suggesting Kuwait More… |
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Oman Oil to restructure, privatise unitsState-owned energy investment firm Oman Oil Co (OOC) will announce a new structure later this year, chief executive Issam al-Zadjali told reporters on Sunday. "With the new structure, the company will be focusing more on Duqm More… |
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Egypt aims to halt gas imports in 2020 - ministerEgypt hopes to halt liquefied natural gas imports in 2020, Oil Minister Sherif Ismail said on Monday, as projects to develop its own gas fields are completed. The Arab world's most populous nation is struggling to cope with en More… |
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Egypt, US firm ink Sahara oil exploration dealEgypt has entered into two agreements worth $44 million with US-based Apache aimed at exploring oil in Western Sahara, a report said. The contract also included $25 million in state grants, with 11 oil wells expected with be drill More… |
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Rosneft, BP ink oil exploration dealRosneft and BP have signed an agreement to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run oil company since the West imposed sanctions on Moscow. Rosneft chief executive Igor Sechin, a cl More… |
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Bahrain 'open to JVs in oil exploration'Bahrain is open to new joint ventures, especially in the fields of oil and gas exploration and downstream facilities, said a senior government official. Finance Minister and Minister in charge of Oil and Gas Affairs Shaikh Ahmed bin Moh More… |
