Latest news
A new oil auction in Iraq
Iraqi head of Petroleum Contracts and Licensing Directorate, Mahdi Al Ameedi, said that Iraq plans a fourth licensing auction that will grant international companies a number of oil and gas exploration contracts, reported Gulf News. Ameedi did not mention how many oil and gas fields would be included in the auction.
read more... 10/01/2011
BP examines the possibility of drilling a new well in the Caspian Sea.
BP, the largest foreign investor in Azerbaijan which operates the technical aspects of the project on the development of the Shah Deniz gas field wants to build new production well in the Caspian Sea.
read more... 30/12/2010
Kuwait Petroleum International Lubrificants awards Foster Wheeler AG.
Foster Wheeler AG has won the contract with Kuwait Petroleum International Lubrificants for its outstanding contribution in providing engineering services for a brown field lube oil blending plant. The plant was built in Antwerp, Belgium with the support of Kuwait Petroleum.
read more... 22/12/2010
Ukraine’s Naftogaz sealed a deal with Egyptian authorities upon oil fields.
Egypt's Prime Minister, Ahmed Mohamed Nazif, was cited by a Ukrainian press agency announcing that the Ukrainian company, Naftogaz Ukrainy, received the green light for the exploration and extraction of oil in Western Sahara.
read more... 29/11/2010
Eni and Repsol explore natural gas fields in Venezuela.
Italian oil and gas company, Eni, and its Spanish partner Repsol plan to start their common natural gas production at Perla in Venezuela in the second half of 2013.
read more... 16/11/2010