In addition to Exxon Mobil, France-based oil and gas company Total SA and London-based Tullow Oil Plc have shown interest in buying stakes of the untapped reserves
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Emerson launches training for oil and gas industry
Hands-on training and competency assessment at Emerson’s new education facilities at its Solutions Center in Aberdeen enhance engineer skills and help support increased operational performance of assets.
Iran to have $50bn oil revenues next year: Min
Oil and condensates exports stood at 1.2mn barrels a day in the five months of the year 2013 while the figure reached 2.8 barrels a day in the past four months, up by 1.6mn barrels
DNO plans increase in Oman’s Bukha oil production
DNO reported interim 2016 operating profits of $6mn, reversing an operating loss of $174mn in 2015
Qatar: Oil market can cope with more shale output
Qatar’s energy minister said current oil prices made the development of most oilfields around the world unviable
Countering the oil glut
The OPEC/non-OPEC deal has not just seemingly ended the battle for market share but also led major oil producers to agree on reasonable output levels
DNO reports Kurdistan payment for oil deliveries
Norway’s DNO has reported receipt of $35.45mn from the Kurdistan Regional Government as payment towards November 2016 crude oil deliveries to the export market from the Tawke field
US sanctions hurting American oil companies: Iran
Deputy oil minister says American companies missing out on bidding for tenders in Islamic Republic, as Asian and European players explore opportunities
Gulf Oil Middle East unveils new SUV engine oil
Manchester United football stars Dwight Yorke and Peter Schmeichel unveil new Gulf Oil Middle East SUV lubricant in Dubai.
Iran announces 15bn oil, 1.8tcm gas discoveries
NIOC official says overall volume of Iran’s oil reserves stand at 771.53bn barrels, of which around 102bn barrels would be recoverable at a rate of 24.6%