The well flowed at a stable rate of 3,800 barrels of 28° API oil per day on a 52/64 choke from an open hole test of a 170-meter interval
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Saudi online recruitment up by 34% in oil & gas
While the November figures record an overall decline in year-on-year momentum in Saudi Arabia, the oil and gas industry continues to lead growth in online recruitment in the Kingdom
Scottish Plexus wins tech order for Oman oil well
The new well, Karamah-1, will be drilled from the Aban VII jackup rig over 30 days
Dragon Oil appoints new board member and CEO
Al Falasi takes over Abdul Jaleel Al Khalifa, who served as CEO of Dragon Oil since 2008
Al Mazrouei urges others to report oil output cuts
Suhail Al Mazrouei said on Wednesday that Opec and non-Opec producers who have agreed to restrict their output over the next six months need to demonstrate that they are being implemented in order for their initiative to stabilise oil prices
Iraq cuts oil production by 160,000 bpd: OPEC deal
Oil Minister Jabar Ali al-Luaibi said he hoped that by the end of the month production would be cut by 210,000 bpd, in line with the OPEC-agreed cap for Iraq
Lebanon to restart oil, gas licensing round
In its first sitting since being formed in December, Lebanon’s new cabinet passed two decrees on Wednesday defining the blocks and specifying conditions for production and exploration tenders and contracts
Interesting state of affairs in global oil and gas
A number of factors including the growing cost of production in some regions among others, the role of OPEC in coordinating the scope of production all around the globe and the volatility of the US dollar
China’s Iranian crude oil imports to hit record
Chinese firms were expected to lift between 3mn to 4mn barrels more Iranian oil each quarter in 2017 than last year
The bad news continues for offshore oil and gas
Offshore drilling has been one of the worst hit sectors during the oil price slump, with exploration expenditure having significantly dropped over the past two years and expected to continue to fall this year