Output from the Atrush oil block in Iraq’s Kurdistan began in July, and will ramp up during the course of this year, the Abu Dhabi-based energy company has announced in its financial statement for H1 2017
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Kuwait starts chemical EOR in northern oil reservoirs
The project undertaken in the north of the country by state-owned Kuwait Oil Company, is the first such enhanced oil recovery (EOR) operation of its kind in the Middle East
Talks with Iraq focussed on oil pact, Saudi investment: Al Falih
Saudi Arabia’s Energy Minister Khalid al-Falih said the economic relationship between the two countries “will witness more cooperation in the field of trade exchange… and joint investments”
BHGE launches coiled tubing simulation software CIRCA
Field-tested CIRCA software enables data-driven decisions to improve certainty and efficiency
DNO receives $39.59mn from Kurdistan for May 2017 crude oil deliveries
The funds, to be shared pro-rata by DNO and partner Genel Energy, include US$33.21 million towards monthly deliveries and US$6.39 million towards recovery of outstanding receivables.
ENOC’s Dragon Oil awards $100mn contract to Topaz
Under the terms of the contract, Topaz will supply Dragon Oil Turkmenistan with six vessels, comprising five anchor-handlers and one Emergency Recovery and Response Vessel
August 2017 Special Report: Logistics boom fuels regional oil trading
Significant investments in improving logistics capabilities of the oil and gas sector in the region has infused a strong sense in the industry to establish local trading mechanisms
August 2017 Special Report: Optimising oil and gas midstream operations
With new business slowing, the midstream industry is currently experiencing a shift from greenfield projects to revamps to make existing plants and logistical facilities catering to the oil and gas sector more profitable
Oil & Gas and RPME Awards nominations surge by a third in 2017
Total number of entries for the Oil & Gas and Refining & Petrochemicals Middle East Awards 2017 rose by 33% compared to last year’s event, while the number of companies participating this year increased by 43%
Weir Oil & Gas completes acquisition of KOP Surface Products
The acquisition, announced in mid-June, is estimated to be worth an enterprise value of $114mn