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ADES plans expansion in Iraq, UAELondon-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) More… |
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Algeria inks $206m oil deals with US firmsAlgeria’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 More… |
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US plans new offshore oil drilling ruleThe 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 More… |
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US proposes first rules for Arctic drillingThe 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 More… |
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US proposes first rules for Arctic drillingThe 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 More… |
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Petroceltic, Hess to resume oil drilling in IraqOil 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 More… |
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NDC commissions five new rigsAbu 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 More… |
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Norway eyes oil drilling around Arctic islandsNorway 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 More… |
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Egyptian oil group wins $20m investmentEuroMena 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 More… |
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Baker Hughes gets $640m Iraqi drilling dealIraq 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 More… |
