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Harvest Natural Resources Updates Drilling Operations - Qarn Alam Block 64, Oman
Monday, February 6, 2012 |
Harvest Natural Resources, Inc. announced that the Al Ghubar North-1 (AGN-1) exploration well onshore Oman has reached a total depth (TD) of 10,482 feet.
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Iraq-Turkey oil exports resume after blast
Monday, February 6, 2012 |
Iraq has resumed oil exports via an undamaged pipeline to Turkey after they were cut by an explosion in the country's northern neighbour, officials said on Monday.
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Aramco to invest $90b in boosting refining capacity
Sunday, February 5, 2012 |
Saudi Aramco will invest $90 billion in the next five years to increase refining capacity by 50 percent to 6 million barrels a day.
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Saudi energy investment at $141b in 5 years biggest in MENA region
Thursday, February 2, 2012 |
Saudi Arabia remained the dominant energy investor in the Middle East and North Africa (MENA) region, with an estimated $141 billion during 2012-2016, data from the Dammam-based Arab Petroleum Investment Corporation (Apicorp), an affiliate of the 10-nation Organization of Arab Petroleum Exporting Countries, showed.
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DNO hits Pehkabir pay
Thursday, February 2, 2012 |
DNO International has reported oil shows at the Pehkabir-1 exploration well in Iraqi Kurdistan, although analysts believe the commerciality of the discovery is ''uncertain''.
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Explosion rocks Syrian oil pipeline
Wednesday, February 1, 2012 |
Fire engulfed a crude oil pipeline in Syria following an explosion on Tuesday, a report has claimed.
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Saudi Arabia Names Candidate to Head OPEC
Wednesday, February 1, 2012 |
Saudi Arabia has nominated its candidate to succeed the current head of the Organization Petroleum Exporting Countries, Gulf oil sources said Tuesday, potentially reviving a scramble for influence within the producers' group.
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Iraq delays 4th energy round to May 30-31
Tuesday, January 31, 2012 |
Iraq has delayed its 4th energy bidding round to May 30-31, when 12 new gas and oil exploration blocks will be auctioned to international energy firms, a senior oil official said on Monday.
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Gulfsands' Syrian Appraisal Well Confirms 19.2 Million Barrels
Tuesday, January 31, 2012 |
Gulfsands Petroleum reported Tuesday that results from its Khurbet East 102 Triassic appraisal well fit with initial estimates that volumes from the Butmah Formation amount to 19.2 million barrels of oil equivalent.
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Dana Gas achieves 220% increase in net profits in 2011
Monday, January 30, 2012 |
Dana Gas PJSC the Middle East's largest regional private sector natural gas company, has announced its preliminary financial results for the year ended 31st December 2011.
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Iraq, Shell New Venture to Boost Gas Output in 2012
Friday, January 27, 2012 |
A joint venture between Iraq, Royal Dutch Shell plc and Mitsubishi Corp. to capture and process huge volumes of gas flared from its giant southern oil fields is expected to start production this year, a senior Iraqi oil ministry official said here Thursday.
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Iran Says It May Cut Off Its Oil Exports to Europe
Friday, January 27, 2012 |
Iran struck a combative tone Thursday in its confrontation with the West over the nuclear issue, threatening to terminate oil exports to European nations even before their embargo takes effect this summer.
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ExxonMobil laying groundwork in Kurdistan
Thursday, January 26, 2012 |
ExxonMobil, the first supermajor to move into Iraqi Kurdistan, is quietly mobilising in Arbil despite strenuous objections from the central government, according to a report.
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Iraq, Lukoil Award $998M West Qurna Deal to Samsung
Thursday, January 26, 2012 |
Iraq and Russia's OAO Lukoil Holding have awarded a $998 million deal to south Korea's Samsung Group to develop the supergiant West Qurna phase 2 oil field, the Iraqi government said in a statement Wednesday.
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Kuwait's crude oil exports to China jump 58.9 percent
Tuesday, January 24, 2012 |
Kuwait's crude oil exports to China surged 58.9 percent in December 2011 from a year earlier to 853,000 tons, equivalent to around 202,000 barrels per day (bpd), for the first gain in two months, latest official data showed.
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Gulf Keystone Petroleum provides operational update in Kurdistan
Tuesday, January 24, 2012 |
Gulf Keystone provides an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels calculated on the P90 to P10 basis with a mean value of 10.5 billion barrels.
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Italy Eni, Spain Repsol quit Saudi gas hunt
Saturday, January 21, 2012 |
Italy's Eni and Spain's Repsol have given up looking for gas in Saudi Arabia's Empty Quarter, two sources familiar with the joint venture with Saudi Aramco said.
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Adnoc signs CNPC deal
Thursday, January 19, 2012 |
United Arab Emirates-owned Abu Dhabi National Oil Company has signed a deal with China National Petroleum Corporation to collaborate in upstream projects in undeveloped areas.
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Tethys hits low oil flow in Oman
Tuesday, January 17, 2012 |
Tethys Oil is not giving up on a portion of a block in Oman despite failing to find commercial oil flows with its latest exploration well.
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Dana Gas Promises to Honor Debt Payments Amid Concern on $1 Billion Sukuk
Tuesday, January 17, 2012 |
Dana Gas (DANA) PJSC said it will honor debt obligations as the United Arab Emirates-based energy company faces a $1 billion Islamic bond maturing in October.
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South Korean PM in Oman to discuss oil
Sunday, January 15, 2012 |
South Korean Prime Minister Kim Hwang-sik has arrived in Oman to 'discuss energy issues,' as the country seeks to lower its dependence on Iranian oil in the face of tightening US sanctions.
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Iran warns Gulf countries not to replace its oil
Sunday, January 15, 2012 |
Iran warned its Arab neighbors on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the European Union, Tehran's OPEC Governor Mohammad Ali Khatibi was quoted as saying.
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China's Wen presses Saudi Arabia for oil access
Sunday, January 15, 2012 |
Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment, media reports said on Sunday against a backdrop of growing tension over Iran and worries over its crude exports to the Asian power.
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Statoil 'may exit West Qurna 2'
Saturday, January 14, 2012 |
Statoil reportedly may be looking to dispose of its stake in the West Qurna 2 field development project in Iraq as security in the country deteriorates following the withdrawal of US forces amid escalating political tensions.
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Iran says not storing oil in Gulf due to sanctions
Saturday, January 14, 2012 |
Iran has not stored oil on tankers in the Gulf, and its crude exports have not been disrupted due to mounting international pressure over its disputed nuclear program, an oil official told the semi-official Mehr news agency on Saturday.
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China's Wen to Juggle Iran Oil Need With Saudi Ties on Persian Gulf Trip
Saturday, January 14, 2012 |
China's Wen Jiabao must balance his country's need for Iranian crude with its budding energy partnership with Saudi Arabia on his first visit to the Gulf kingdom, a U.S.-based specialist in Middle East security said.
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Saipem awarded E&C onshore contracts worth approximately $600 million in Saudi Arabia
Friday, January 13, 2012 |
In December, Saipem has been awarded in Saudi Arabia, by SABIC affiliate Safco (Saudi Arabian Fertilizer Company), the lump sum turnkey contract for the project ''Safco V''.
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RAK Petroleum and DNO International Complete Merger
Tuesday, January 10, 2012 |
Ras Al Khaimah, UAE -- RAK Petroleum Public Company Limited today announced that it has completed the merger of its Middle East-North Africa operating subsidiaries into Norway's DNO International ASA.
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Hormuz Bypass Oil Pipeline Is Delayed
Monday, January 9, 2012 |
A pipeline that would allow oil from the United Arab Emirates to bypass the Strait of Hormuz separating it from Iran has been delayed because of construction difficulties, two people with knowledge of the matter said.
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EU oil ban 'looms for Iran'
Monday, January 9, 2012 |
The European Union (EU) has agreed on a ban on imports of Iranian crude oil but has yet to hammer out a timeframe, according to reports.
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KPC announces LNG prices for January
Wednesday, January 4, 2012 |
The Kuwait Petroleum Corporation (KPCKPC) announced Tuesday the Liquefied Natural Gas (LNG) prices - propane and butane - for January.
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Dana Gas Bond Yield Jumps Most in Two Weeks Ahead of Meeting
Tuesday, January 3, 2012 |
The yield on Dana Gas (DANA) PJSC's Islamic bonds maturing in October climbed the most in two weeks ahead of a planned company board meeting tomorrow.
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Qatar says Q3 nominal GDP rose by 40% on gas output
Tuesday, January 3, 2012 |
Qatar, the world's biggest exporter of liquefied natural gas, said its nominal gross domestic product increased an annual 40 percent on expanding gas output.
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Iran ratchets up pressure on Kuwait over gas field
Tuesday, January 3, 2012 |
Iran said on Sunday that it would launch full-scale unilateral development of the disputed offshore Arash gas field in the Gulf if Kuwait does not respond to its offer of joint development, according to the official IRNA news agency.
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Saudi Aramco drilling-rigs count to jump 12% in 2012
Tuesday, January 3, 2012 |
Saudi Arabian Oil Co plans to increase its drilling-rig count by 12 percent next year to 145 to boost natural-gas and oil output from its Manifa field, a former executive of state-run company said.
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Tethys Oil: new wells and new oil discovery on Block 3 onshore Sultanate Of Oman
Thursday, December 15, 2011 |
The drilling program onshore Block 3 in the Sultanate of Oman continues. On the Farha trend, the FS-17 well encountered yet another oil bearing fault block. Four additional production wells have also been drilled on the Farha South oil field. Outside the Farha trend on Block 3, the exploration well Maha-1 has spudded.
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Iran to Develop Six New Persian Gulf Offshore Natural Gas Fields
Monday, October 17, 2011 |
The National Iranian Offshore Oil Company has announced plans to begin the development of six new offshore natural gas fields in the Persian Gulf, whose reserves are estimated at 25.7 trillion cubic feet.
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Iraq signs final gas deal with South Korea's KOGAS for Akkas gas field
Monday, October 17, 2011 |
Iraq's oil ministry and South Korea's KOGAS on Thursday signed a long-delayed deal to develop the Akkas gas field near the Syrian border, the latest step by the war-ravaged country to tap its own resources to fuel growing power demands.
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Shell drills more than 100 oil shale wells in Jordan
Monday, October 10, 2011 |
Royal Dutch Shell has drilled more than 100 wells in Jordan in the two years since it signed a concession agreement to explore for oil from the country's vast oil shale reserves, a person familiar with the project said.
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Eni To Bid For Iraq's Nassiriya Oil Field Development
Thursday, September 29, 2011 |
Italian energy giant Eni is one of four international companies in contention for Iraq's Nassiriya oilfield. The company in a statement confirmed that it would be participating in the forthcoming auction by the Iraqi oil ministry for the Nassiriya field development.
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Eni: Zubair field to pump 1.2 million bpd by 2017
Friday, September 16, 2011 |
Italian firm Eni says Iraq's Zubair oilfield will reach its peak output target of 1.2 million barrels per day (bpd) by the start of 2017, following Eni's completion of its field development plan.
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Saudi oil output at 30-year high
Friday, September 16, 2011 |
Saudi Arabia pumped the most oil in 30 years last month as it boosted production along with other members of the Organisation of Petroleum Exporting Countries' (Opec) including Nigeria, Angola, Iraq, Kuwait and the United Arab Emirates, the International Energy Agency said.
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Iraq bars Hess from 4th bidding round over Kurdish deals
Thursday, September 8, 2011 |
Iraq's Oil Ministry has excluded U.S oil firm Hess Corp from competing in its 4th bidding round because the company signed deals with Iraq's northern Kurdish region, a senior Iraqi oil official said on Monday. Hess had been among 41 companies pre-qualified by Iraq but was not included on a new list of 40 qualified firms issued on Monday.
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Iran discovers another gas field worth $133 billion
Wednesday, August 10, 2011 |
Hydrocarbon-rich Iran has discovered another gas field with reserves of 495 billion cubic meters, valued at $133 billion, the oil ministry's SHANA news service quoted an oil official as saying Monday.
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WesternZagros and Talisman agree to split the Kalar-Bawanoor PSC into two areas
Sunday, August 7, 2011 |
WesternZagros Resources has announced that it has finalized an agreement with the Kurdistan Regional Government of Iraq (KRG) and Talisman (Block K44) B.V. to amend the original Production Sharing Contract that governed the Company's exploration activities in the Kalar-Bawanoor Block in Kurdistan.
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Afren Pays $588 Million for Kurdish Fields, Expands From Africa
Tuesday, August 2, 2011 |
Afren Plc (AFR), a U.K. oil and gas explorer focused on Africa, has agreed to pay $588 million for interests in two production-sharing contracts in the Kurdistan region of Iraq to expand outside the continent
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Iran Oil Minister Accuses IEA of Breaching Principles
Monday, July 4, 2011 |
Amplifying criticism by oil producers of last week's release of oil from emergency stockpiles, Iran's oil minister Mohammad Aliabadi Monday accused the International Energy Agency of violating "principles" that limit when energy-consuming countries can tap reserves.
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Iraq signs $1.2 bln power deal with Canada's Capgent
Monday, July 4, 2011 |
Iraq has signed a $1.2 billion contract with Canada's Capgent to build 10 power stations with a total capacity of 1,000 megawatts in a bid to meet local demand, the country's Electricity Ministry said on Saturday.
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Tethys Oil: May test production averages 2,570 bopd
Thursday, June 16, 2011 |
Test production from the Early Production System (EPS) on Blocks 3 and 4 onshore the Sultanate of Oman continues with long term production tests on wells from both the Saiwan East oil field on Block 4 and the Farha South oil field on Block 3.
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Dana Gas Announces 180% Increase in Net Profit
Thursday, June 16, 2011 |
Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has announced its financial results for the quarter ended 31st March 2011, with a Net Profit after tax of AED 92 million, a 180% increase compared to the first quarter of 2010, and a 56% increase compared to the last quarter of 2010.
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Gulf Keystone in Commissioning Phase of Oil Export Operations in Kurdistan
Tuesday, June 14, 2011 |
Further to the announcement of 23 May 2011, Gulf Keystone is pleased to announce that currently the Company is in the commissioning phase of oil export operations from its Extended Well Test (EWT) facility close to Shaikan-1 and Shaikan-3.
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Shell's Pearl gas-to-liquids project to start output within weeks
Sunday, June 12, 2011 |
Shell will begin to produce oil products in its multi-billion dollar joint venture gas-to-liquids (GTL) project in Qatar in 'a matter of weeks,' a senior executive said on Tuesday.
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BGP completes a challenging 2D seismic survey in Saudi Arabia
Sunday, June 12, 2011 |
BGP Crew 8615 announced the completion of the S54 2D seismic acquisition contract for Saudi Aramco.
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Dragon Oil comfirms Turkmenistan oil strike
Tuesday, June 7, 2011 |
Dragon Oil plc, an international oil and gas exploration and production company, has announced the completion and initial testing of the Dzheitune (Lam) B/155 development well, the sixth well drilled from the Dzheitune (Lam) B platform.
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Saudi Aramco sees full capacity at Manifa oil field by 2014
Tuesday, June 7, 2011 |
Saudi Arabia's 900,000 barrels-per-day (bpd) Manifa oil field will reach full capacity by 2014, earlier than expected, state oil giant Aramco's 2010 annual review, published on Monday, showed.
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OMV announces oil discovery at its Bina Bawi-3 well in Kurdistan
Monday, June 6, 2011 |
OMV, the leading energy Group in Central and Southeastern Europe, informs about a drilling success in its operated Bina Bawi block in the Kurdistan Region of Iraq.
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Government of Sharjah signs 23-year concession agreement with Rex Oil and Gas
Monday, June 6, 2011 |
Under the directives of HH Sheikh Dr Sultan bin Mohammed Al Qassimi, Member of the UAE Supreme Council and Ruler of Sharjah, the Government of Sharjah, represented by the Sharjah Petroleum Council, has signed a concession agreement with international oil company Rex Oil and Gas Limited for oil and gas exploration and drilling in Sharjah's Eastern offshore concession.
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Iraq signs energy agreement with Turkish Petroleum Corporation
Monday, June 6, 2011 |
Iraq, eager to supply natural gas to its overburdened power plants, has signed agreements with Korea Gas, Kuwait Energy and the Turkish Petroleum Corporation, or TPAO, to develop two gas fields.
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Gulfsands suspends Abu Ghazal-1 exploration well in Block 26 after encountering heavy oil
Thursday, June 2, 2011 |
Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., provides this update on operations in Syria.
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MIDEAST STOCKS-Oil lifts Gulf markets, Egypt snaps 4-day rally
Thursday, June 2, 2011 |
Most Gulf markets gained on Tuesday, buoyed by rising oil prices, while Egypt's main index .EGX30 halted a four-session rally, dragged by stocks to be dropped from the MSCI index.
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Iraqi Drilling Firm Starts Work in Zubair Oilfield
Monday, May 16, 2011 |
State-run Iraqi Drilling Co has started working in the Zubair oil field under a $250 million contract to drill 23 new wells in the field, developed by Italy's ENI, the head of the firm said on Sunday. Director Idrees al-Yassiri said the two-year contract also included overhauling 63 old wells in Zubair.
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Gulfsands Petroleum Announces Oil Discovery in KHE-101, Syria
Monday, May 16, 2011 |
Gulfsands Petroleum plc, the AIM listed oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., provides an update on operations in Syria.
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Taqa profit falls 47% as UK tax on North Sea rises
Monday, May 16, 2011 |
Abu Dhabi National Energy Company (Taqa) said yesterday its net profit for the fiscal first quarter fell 47 per cent year on year to Dh152 million due to an increase in taxes on operations in the UK North Sea.
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Dana Gas to consider listing in London exchange
Monday, May 16, 2011 |
Dana Gas will consider a wide range of options, including a potential listing on the London Stock Exchange, before deciding on the approach most likely to enhance the company's value, its's chief executive told Gulf News.
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UAE developing Umm Lulu oil field in Arabian Gulf
Monday, May 16, 2011 |
Abu Dhabi Marine Operating Company (ADMA-OPCO) is developing a major new oil field about 30 km northwest of the city in the Arabian Gulf. The Umm Lulu field will be developed in stages and contains sufficient reserves to eventually reach production of more than 100,000 barrels per day.
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Saudi Arabia prepares rig boost
Tuesday, March 29, 2011 |
Top oil exporter Saudi Arabia has unexpectedly called on oilfield service companies to expand its oil rig count by nearly 30% to boost output capacity, according an analyst.
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Total CEO: gas production in Yemen almost normal
Tuesday, March 29, 2011 |
Total continues to produce liquefied natural gas in Yemen at close to normal levels, according to Chief Executive Christophe de Margerie.
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Yemen LNG disruption fears
Wednesday, March 23, 2011 |
Liquefied natural gas producer Yemen LNG has told customers unrest in the country could lead to supply disruptions and possible force majeure, according to a spokeswoman for leading stakeholder Total.
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Kulczyk Oil notes prospective resources in Syria
Tuesday, March 22, 2011 |
Kulczyk Oil announced the results of an independent third party engineering evaluation of its resources in by RPS Energy (RPS).
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PDO workers stage strike
Wednesday, March 16, 2011 |
Several hundred workers at Oman's state oil company Petroleum Development Oman (PDO) staged protests at company headquarters and at least one oil and gas field, demanding higher wages.
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Opec considering output boost
Wednesday, March 9, 2011 |
Opec is in consultations regarding a potential boost in oil output but hasn't decided whether to approve one, said Kuwait's Oil Minister.
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Wasit 'award' for Saipem
Wednesday, March 2, 2011 |
Italian oil services contractor Saipem is reported to have won a contract for offshore work at Saudi Aramco's non-associated gas fields feeding Wasit, Saudi Arabia's biggest gas plant, according to industry sources.
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Saudi Aramco says supply needs met
Monday, February 28, 2011 |
Demand for extra oil supply following disruption to exports from Opec member Libya has been met, Saudi Aramco chief executive Khalid Falih told reporters.
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Protests no problem for Yemen LNG
Thursday, February 24, 2011 |
Recent protests in Yemen will not stop Total-led Yemen liquefied natural gas from reaching full output capacity in the next six months, a spokesman for the company has said.
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Centrica lines up Qatargas LNG
Wednesday, February 23, 2011 |
UK utility Centrica said it entered into a three year contract with Qatargas to deliver 2.4 million tons per annum of liquefied natural gas to the UK's Isle of Grain terminal.
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Fluor awarded early works contract for ExxonMobil's Qurna field
Wednesday, February 23, 2011 |
Fluor announced that ExxonMobil Iraq Limited has awarded the firm an early works program contract for the West Qurna (Phase I) field near Basra, Iraq.
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Iraq's Shell gas deal reaches advanced stage
Wednesday, February 23, 2011 |
The $12 billion deal between the Iraqi government and Shell to produce gas from southern Iraqi oil fields has reached an advanced stage, said Iraq's Deputy Prime Minister for Energy.
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Economists warn of an oil-sparked recession
Wednesday, February 23, 2011 |
If ongoing political turmoil in North Africa and the Middle East pushes crude oil prices to $120 per barrel or more permanently, the global recovery from the worst recession since the 1930s would be hampered, according to a top economist.
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Syria likely to award some onshore blocks in Feb-Minister
Wednesday, February 23, 2011 |
The Syrian government will award contracts to explore, develop and produce hydrocarbons from eight onshore blocks later this month, said the country's oil minister.
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Repsol suspends ops in Libya
Wednesday, February 23, 2011 |
Spain's biggest oil company Repsol has suspended its operations in Libya, said a spokesman for the company.
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Lamprell lands newbuild jackup order
Wednesday, February 23, 2011 |
UAE based shipbuilding yard Lamprell said it has received a new contract from Singapore's Greatship Global Energy Services for a newbuild self-elevating jackup.
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Suhail Star arrives for OSX
Wednesday, February 23, 2011 |
Brazilian oil services company OSX has received the very large crude carrier Suhail Star, the second of the two VLCC sister-vessels it agreed to buy from Saudi Aramco subsidiary Vela International Marine as part of a $54 million deal.
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Borouge extends lifetime of steel pipelines
Wednesday, January 12, 2011 |
At the Arabplast Exhibition held in Dubai from January 8 – 11, 2011, Borouge, a leading provider of innovative, value creating plastics solutions, showed how it is contributing to the Oil and Gas Industry in the Middle East, helping them extend the lifetime of their steel pipelines by internally lining them with durable, corrosion resistant polyethylene.
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Platts: OPEC Pumps 29.27 MMbpd in Dec
Wednesday, January 12, 2011 |
The 12-member Organization of the Petroleum Exporting Countries' (OPEC) crude oil production averaged 29.27 million barrels per day (b/d) in December, up 170,000 b/d from an estimated 29.1 million b/d in November, according to a just-released Platts survey of OPEC and oil industry officials and analysts.
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Rumaila Exceeds 10% Improved Production Target
Wednesday, January 12, 2011 |
The Rumaila Operating Organisation (ROO) has met a major milestone in the re-development of the super-giant field in Southern Iraq by increasing production by more than 10 per cent above the 1.066 million barrels a day (b/d) initial production rate agreed in December 2009.
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Iraq to auction giant field in 2011
Wednesday, January 12, 2011 |
Iraq plans to hold a licensing auction later this year to award the giant Nassiriya oil field to international oil companies, the country's Deputy Prime Minister for Energy Hussein al-Shahristani told a visiting Japanese minister of trade and industry, according to the Dow Jones Newswires.
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BAN KI-MOON to speak at World Future Energy
Tuesday, January 11, 2011 |
His Excellency Ban Ki-Moon, Secretary-General of the United Nations, today announced his participation and attendance at the fourth annual World Future Energy Summit (WFES), held in Abu Dhabi from 17-20 January 2011, and hosted by Masdar.
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Syria operations is mixed bag for Gulfsands
Monday, January 10, 2011 |
Gulfsands Petroleum which is involved in oil and gas production, exploration and development activities in Syria, Iraq, Tunisia, Italy and the US, has released an update on its operations in Syria.
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Preparation for New Bid Round in Iraq
Sunday, January 9, 2011 |
Iraq will start arrangements next week to hold a fourth licensing auction to award several oil and gas exploration contracts to international companies, a senior Iraqi oil official said yesterday.
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Kuwait and Iran play the opposition role
Sunday, January 9, 2011 |
Two of Opec's leading members, Iran and Kuwait, have rebuffed that oil prices exceeding $90 per barrel were damaging the global economy, saying there was no need to increase supply.
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Israel's new offshore gas exploration may change the game
Sunday, January 9, 2011 |
The last week's confirmation of the largest underwater discovery of natural gas in a decade off Israeli shores has made many in the Jewish state dizzy with talk of becoming a global energy power possessing reserves worth tens of billions of dollars.
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Gulf Keystone Cites 'Huge Hydrocarbon Potential' in Kurdistan
Thursday, January 6, 2011 |
Gulf Keystone announced the completion of drilling and testing operations on its Shaikan-3 shallow appraisal well. This well was designed to drill and test the Cretaceous intervals in the immediate vicinity of the Shaikan-1 discovery well.
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Iraqi Oil Ministry: Anbar Gas Fields under major progress
Monday, December 27, 2010 |
Negotiations between the Iraqi Oil Ministry and the local government in West Iraq's Anbar Province, regarding the contracts to develop the gas fields in the province, has achieved a "major progress," according to a leading Oil Ministry spokesman.
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New oil center to be launched in Riyadh
Monday, December 27, 2010 |
A new center for petroleum studies being constructed in Riyadh will conduct highly advanced studies in the fields of energy and the environment, said Oil Minister
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Tehran seals $6.5 billion gas deals
Monday, December 27, 2010 |
Iran signed new contracts in the gas sector worth $6.5 billion, a senior official was quoted.
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Saipem wins $1.2 billion Middle East contracts
Monday, December 27, 2010 |
Saipem has been awarded new onshore contracts with a total value in excess of $1.2 billion.
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Aramco plans early start at Wasit
Thursday, December 9, 2010 |
Saudi Aramco plans to bring the giant Wasit gas plant on line in 2013, earlier than expected, as it speeds up gas output expansion to meet rising domestic demand.
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ExxonMobil wants UAE deal changes
Tuesday, November 2, 2010 |
ExxonMobil wants to extend its oil concessions with Abu Dhabi, but asks for its contracts to be redrawn so it can use all its technology without rivals gaining access, its senior vice president said.
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Gulf Keystone IDs Oil Shows in Iraq
Tuesday, November 2, 2010 |
Gulf Keystone announced the following update for the current exploration and testing activities in the Kurdistan region of Iraq.
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Redline Hooks O&G Contract in Oman
Tuesday, November 2, 2010 |
Redline has signed a major contract to supply connectivity for a large digital oil field project in Oman.
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Tethys Oil: Farha South-4 well tests 3,079 bopd on pump in block 3 onshore Sultanate of Oman
Sunday, October 24, 2010 |
The Farha South-4 well ("FS-4") in Block 3 onshore the Sultanate of Oman has been completed. The pilot hole was drilled to a depth of 2,039 metres. Both the Barik and the Lower Al Bashir formations were penetrated with oil shows.
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Dana, Crescent's Kurdistan gas output at 200 mcf/day
Monday, October 11, 2010 |
Crescent Petroleum and affiliate Dana Gas have reached a production and processing capacity of 200 million cubic feet (mcf) of gas per day in Iraq's Kurdistan region, said a company statement.
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Iran Seeks to Export Gas to Lebanon, Revamp Refineries
Sunday, October 10, 2010 |
Iran and offered to rehabilitate Lebanon's refineries and invest in water projects and gas supplies in the east Mediterranean country and officials from the two countries will discuss the offer today, the Lebanese energy minister's senior adviser said.
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Retention and employee engagement the topmost HR challenge in the MENA Region's Oil & Gas sector
Sunday, October 10, 2010 |
In a recent survey conducted by the International Quality and Productivity Centre, 44% of the 2,895 Energy sector respondents have chosen retention and employee engagement as the topmost HR challenge in the Oil & Gas sector compared to 19% for recruitment.
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Aramco CEO: Future generations to rely mainly on Fossil Fuels
Wednesday, September 15, 2010 |
Khalid A. Al-Falih, president and chief executive officer of Saudi Aramco, delivered the keynote speech "Accessibility and Acceptability: Striking the Balance for an Optimal Energy Future" at the 21st World Energy Congress in Montreal, Canada.
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RWE and Kurdistan Regional Government of Iraq sign cooperation agreements
Tuesday, August 31, 2010 |
RWE today announced that it has signed Cooperation Agreements with the Kurdistan Regional Government in Iraq with the aim of helping it to develop and design its domestic and export gas transportation infrastructure - creating a route to market for Kurdistan's major gas reserves.
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Baker Hughes and Iraqi South Oil Company sign strategic alliance agreement
Monday, August 16, 2010 |
Baker Hughes announced it has signed a three-year strategic alliance with Iraq's South Oil Company (SOC) to provide technical services to SOC's wireline logging department in Burj Esya, Basra south Iraq.
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A hi-tech architectural "dress" in DuPont Corian techno-surface for the whole network of SOCAR's gasoline stations in Azerbaijan
Monday, July 12, 2010 |
All the building structures of the national network of gasoline stations of SOCAR are going to "wear" an external cladding made with DuPont Corian.
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Burgan accounts for half of Kuwait output
Tuesday, June 29, 2010 |
Half of Kuwaits oil production comes from Burgan, the second largest oilfield in the world, a senior oil official said in published remarks.
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J. Ray delivers Qatargas platform
Wednesday, June 16, 2010 |
Qatargas has taken a major step towards completing work for its Qatargas 3 and Qatargas 4 ventures with the 'Mechanical Acceptance' and handover of the first of three offshore gas production platforms, known as 'QW8', from contractor, J. Ray McDermott (JRM).
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Enefit signs oil shale concession agreement with Jordan
Tuesday, May 18, 2010 |
CRA International, a worldwide leader in providing management, economic, and financial consulting services, announced that the Company advised the government of Jordan in the structuring and negotiation of an oil shale concession agreement that will allow Enefit, an affiliate of Eesti Energia AS, to explore and develop oil shale resources in Jordan.
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DNO: increase in Yaalen flow
Tuesday, May 18, 2010 |
The second test in Yaalen-3 flowed 2,650 barrels of oil per day (bopd). As the first test flowed 1.400 bopd, the aggregated flow rate from the two tests is 4,050 bopd.
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Qatar Petroleum, Shell and Petrochina sign new Exploration and Production Sharing Agreement
Monday, May 17, 2010 |
Qatar Petroleum on behalf of the Government of the State of Qatar has signed a new Exploration and Production Sharing Agreement with Shell and PetroChina Company Limited for Qatar Block D.
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New technology 'to boost Saudi recovery rates'
Monday, May 10, 2010 |
Saudi Oil Minister, Ali Naimi said that his country is aiming to boost recovery rates at key producing oilfields up to 70% through using a new technology.
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DNO: initial results from the testing of Yaalen-3
Monday, May 10, 2010 |
DNO reported initial results from the testing of Yaalen-3, in the Republic of Yemen. The first test in Yaalen-3 flowed 1,400 barrels of oil per day, with no water. The test rate was restricted by the equipment used during the test, and the Company expects that this interval has the capacity to flow in the order of 4,000 - 5,000 bopd.
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TNK-BP and IOCOI establish a joint venture to develop fields in Iraq
Sunday, May 9, 2010 |
TNK-BP Holding and Iraq Oil Company for Oil Investments (IOCOI) have signed an agreement to establish a joint venture aimed at identifying potential projects to acquire, develop and operate oil and gas fields on the territory of Iraq.
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Tethys Oil Commences Drilling of Saiwan East Well
Thursday, May 6, 2010 |
Drilling of the Saiwan East-3 ("SE-3") well on Block 4 onshore Oman has commenced. Well SE-3 is an appraisal well drilled to appraise and develop the discovery of light oil in the Khufai formation made in 2009.
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Qatargas pushes on with LNG maintenance
Wednesday, May 5, 2010 |
Qatargas, one of Qatar's top two exporters of liquefied natural gas would complete scheduled maintenance on two LNG production facilities by the end of May, according to reports.
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Foster Wheeler Awarded PMC Contract by ADCO for Oil Field Development in UAE
Wednesday, May 5, 2010 |
Foster Wheeler AG announced that its Global Engineering and Construction Group has been awarded a project management consultancy (PMC) contract by the Abu Dhabi Company for Onshore Oil Operations (ADCO) for the Bab Field expansion and the development of the Qusahwira Field in the United Arab Emirates.
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CROSCO mobilizes additional workover rigs to Oman
Tuesday, May 4, 2010 |
CROSCO Integrated Drilling & Well Services Co., Ltd. announced that two additional workover rigs, CROSCO Cardwell 9 and CROSCO Cardwell 10 have been mobilized to Oman. Both workover rigs will be made available to CROSCO's joint venture company in Oman (MIDWESCO) for workover and field maintenance services.
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Fluor Wins Offshore FEED Contract in Abu Dhabi
Tuesday, May 4, 2010 |
Fluor Corporation announced that its Fluor Offshore Solutions unit has been awarded a front-end engineering and design (FEED) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for offshore facilities located 120 kilometers off the northwest coast of Abu Dhabi City.
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Mott MacDonald is awarded oil and gas resource assignment in Oman
Thursday, April 29, 2010 |
Mott MacDonald has been appointed by Oman Refineries and Petrochemicals Company LLC to provide specialist engineering services to its Sohar division in Oman.
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Fluor to Perform Jetty Boil-Off Gas Recovery Project for Qatargas
Thursday, April 29, 2010 |
Fluor Corporation announced that it was awarded an engineering, procurement and construction management (EPCM) contract by Qatargas Operating Company Limited in Ras Laffan, Qatar.
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Yousefieh Field Achieves First Oil Production
Thursday, April 29, 2010 |
Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Iraq, and the U.S.A., provided the following update on the Company's operations at Block 26, Syria where Gulfsands holds a 50% interest and acts as operator.
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TATNEFT Begins Oil Production in Syria
Sunday, April 18, 2010 |
Al Bou Kamal Petroleum Company, a joint venture between TATNEFT and the General Petroleum Corporation of Syria, established on a parity basis, started crude oil production from the South Kishma oil field in the Syrian Arab Republic.
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Total and Partex eye Oman prizes
Monday, April 12, 2010 |
France's Total and Portugal's Partex both plan to bid for oil and gas exploration blocks that Oman plans to auction, according to an executives from the companies.
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Total Fires Up 2nd Yemen LNG Train
Tuesday, April 6, 2010 |
Total announced that the second train of the Yemen LNG natural gas liquefaction plant has started production. Combined with liquefied natural gas (LNG) production from the first train, commissioned on October 15, 2009, it will enable the Yemen LNG plant to reach its full capacity.
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Tethys Petroleum Limited: Drilling Commences on AKD02 (Doris) Appraisal Well
Tuesday, April 6, 2010 |
Tethys Petroleum Limited announced that it had commenced drilling the AKD02 appraisal well in Kazakhstan. The AKD02 appraisal well is the first appraisal well of the AKD01 (Doris) oil discovery that flowed at a rate of 6,800 barrels of oil per day ("bopd") and will provide valuable further information on the size of the new oil field.
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ADROK Sets Sights On Middle East Expansion
Thursday, April 1, 2010 |
Scottish company Adrok Group Ltd, which is set to save the oil and gas industry billions of pounds through its groundbreaking imaging technology, has signed a deal with International Business Development Company LLC (IBD Group) - expanding its services into the Middle East.
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J. Ray McDermott Awarded EPCI Project by Saudi Aramco
Thursday, March 25, 2010 |
J. Ray McDermott, S.A. (J. Ray), a subsidiary of McDermott International, Inc., has been awarded a project to upgrade crude gathering and power supply facilities in Saudi Aramco's Safaniya field.
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NPCC wins $560m Qusahwira job
Wednesday, March 24, 2010 |
Adco, Abu Dhabi National Oil Company, Adco announced that it signed a $560.4 million oilfield development contract with the UAE's National Petroleum Construction Company (NPCC).
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RAK finds gas in Oman
Tuesday, March 23, 2010 |
RAK Petroleum said that it found gas in the Hamrat Duru-4 appraisal well in Block 30 onshore Oman. Hamrat Duru-4 is the first appraisal well drilled to test the Shuaiba reservoir on the Hamrat Duru structure as the primary target.
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PetroChina sets sights on the Mideast
Monday, March 22, 2010 |
PetroChina, China's top energy company, stated that it's planning to boost its presence in the Middle East in a move intended to increase foreign production to meet a shortfall from domestic fields.
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Key Energy Services Enters Middle East Market
Sunday, March 21, 2010 |
Key Energy Services Inc. has formed a joint venture with AlMansoori Specialized Engineering of Abu Dhabi, United Arab Emirates. The new joint venture, AlMansoori-Key Energy Services L.L.C., will be headquartered in Abu Dhabi and will provide well intervention services in the Middle East and North Africa.
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Longford to serve as operator of Kurdistan block
Tuesday, March 16, 2010 |
Longford Energy announced that it has been recently appointed as the Operator of the Chia Surkh Block and plans to commence seismic acquisition during the second quarter of 2010.
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Tethys Oil: Oman 3D Seismic Survey Operations Expand
Tuesday, March 16, 2010 |
The 3D seismic survey over the East Saiwan structure on Block 4 has been completed. The information is now being processed and new maps will be available shortly.
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Iran wants OPEC ceiling unchanged
Monday, March 15, 2010 |
Masoud Mirkazemi, Iranian Oil Minister said that his country wants OPEC oil output ceiling to remain unchanged when the group meets during this month.
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UniQ Land Seismic System Reaches 80,000 Channel Milestone
Monday, March 15, 2010 |
WesternGeco announced that the UniQ integrated point-receiver land seismic system has set a new industry record in Kuwait for Kuwait Oil Company (KOC) in acquiring data from 80,000 live digital point-receiver channels at a two-millisecond sample interval.
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Oman boosts oil flows
Monday, March 15, 2010 |
Statistics showed that Oman oil production increased to an average of 849,400 barrels per day. It was also reported that Oman sold its oil at an average price of $77.64 per barrel in January, up from $73.40 per barrel a month earlier.
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Gulf Keystone raises initial $24 million for drilling
Monday, March 15, 2010 |
Gulf Keystone Petroleum said that it raised 16 million pounds ($24 million) to start the initial stages of its 2010 drilling program in Iraq, with expectations for the number to rise during the year.
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OPEC may face Iraq challenge sooner than expected
Thursday, March 11, 2010 |
The storm brewing on OPEC's horizon over future Iraqi oil output could engulf the producer group sooner than it would like.
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OIL Field Discovery in Syria by OVL and Partner
Monday, March 8, 2010 |
ONGC Videsh Ltd. and its partner IPR Mediterranean Exploration Ltd. have made significant new oilfield discoveries in Block-XXIV located in northeastern part of Syria. The discoveries of Rashid and Abu Khashab fields have been back to back in 2009.
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Iran signs on Chinese rig
Monday, March 8, 2010 |
Iran's North Oil Drilling Company signed a $143 million deal with a unit of China National Petroleum Corporation, according to reports.
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Aramco to drill in Red Sea's deep waters
Wednesday, March 3, 2010 |
The giant state-owned company Saudi Aramco is planning to explore in deeper offshore areas of the Red Sea on a search for new energy treasures in the next two years.
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Iran to tender 8 exploration blocks
Wednesday, March 3, 2010 |
"We are planning to hold tenders on eight exploration blocks soon. We are currently preparing the needed documents on these blocks," Mahmoud Mohaddes, exploration chief at National Iranian Oil Company, was quoted as saying by the semi-official Mehr News Agency.
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Abu Dhabi: Takreer signs $9.6b deals to boost capacity
Wednesday, March 3, 2010 |
Takreer, Abu Dhabi's oil refining company inked four agreements worth $9.6 billion (Dh35.25 billion) with four Korean companies to expand its oil refining capacity in Ruwais by the end of 2013, according to WAM the Emirati News Agency.
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Syria to Buy Azerbaijani Gas
Wednesday, March 3, 2010 |
Syria made an agreement with Azerbaijan to buy 1 to 1.5 billion cubic meters of Azerbaijani gas annually through Turkey.
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