News

  • Iraq Aims To Increase Kirkuk Oilfield Output To One Million Bpd

    Oil Minister Jabar al-Luaibi said Iraq plans to increase production from oilfields in Kirkuk to one million barrels per day and has visited the Bai Hasan and Avana fields to order work be accelerated to restore operations soon, the ministry’s spokesman said on the 13th…

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  • Dana Gas reviews options for Zora offshore UAE

    Dana Gas’ 3Q production from the Zora gas field offshore Sharjah/Ajman averaged 1,550 boe/d, down from 1,650 boe/d in the second quarter.   The company has recently completed a notional field development plan and intervention programme to address the unexpected and rapid decline in production…

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  • Tethys adds Block 49 to Oman stake

    Tethys Oil AB has acquired the 15,449-square kilometre Block 49 onshore Oman.   The company said it has access to 11,000 kilometres of 2D seismic collected by previous operators and cores from nine historical wells, including Dauka-1, which was the first well drilled in Oman…

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  • Oil above US$80 before Christmas?

    With oil prices trading near their highest level in two years, some traders are betting that the price rise could have more room to run.   A total of 48,000 contracts have traded over the last few days and would profit most if Brent spikes before…

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  • Damen adds another Romanian shipyard to its portfolio

    Dutch Damen Shipyards Group has entered into a share purchase agreement with Daewoo Shipbuilding & Marine Engineering (DSME) for the acquisition of DSME’s majority share in a shipyard in Romania.   Damen said on the 10th November that the Daewoo Mangalia Heavy Industries (DMHI) shipyard in…

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  • KrisEnergy outlines offshore Cambodia 3D seismic survey goals

    KrisEnergy has submitted documentation to the Cambodian Ministry of Environment for a proposed 1,200-square kilometre (463-square mile) 3D seismic survey next year over offshore block A.   This would fulfil the Years 1-2 commitment under the block’s amended petroleum agreement.   The programme covers a…

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  • Floating production back in vogue

    Demand for floating production systems is growing, according to Westwood Energy’s updated World Floating Production Systems Tracker.   Capex for both installations and orders has increased by 12% and 22% respectively, compared to findings of the first quarter 2017 edition.   Westwood now estimates an…

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  • Aramco signs contracts totalling US$4.5 billion for megaprojects

    Saudi Aramco has signed agreements with several international oil and gas service contractors for oil and gas megaprojects as part of its Saudi Vision 2030 which are valued at a combined US$4.5 billion. The agreements are designed to enhance the company’s energy sustainability, diversify Saudi…

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