KSA asked to make up Iran oil shortfall to China in case of sanctions.
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Iran oil official reveals major new discoveries
Oil Minister says new discoveries could be worth as much as $85bn
Posted inProducts & Services
Iran sees oil revenues plummet by US$26.2 billion
Gulf state’s sales of oil & gas products nosedived by 45.5% last year
Posted inNews
Dragon Oil awards major jack-up rig contract
Yantai Raffles Offshore to lease and build rig for Dubai-based company
Posted inProducts & Services
Aramco chief says stop worrying about peak oil
Khalid al-Falih says there is still plenty of oil left in the ground
Posted inProducts & Services
Pearl to start up at year end says Qatar oil chief
US$19bn GTL project headed by Shell should be ready by Q4 of 2010
Posted inProducts & Services
Yemen’s oil revenues plummet by $2.4bn in 2009
Arab state sees oil sales plummet by over 50% in 2009 compared to 2008
Posted inProducts & Services
PDO invites bids for oilfield expansion in Oman
Petroleum Development Oman invites EPC bids for Al Noor expansion
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Saudi oil chief says oil price is good for all
Ali al Naimi says oil at between $70-$80 a barrel is the perfect price
Posted inProducts & Services
UAE oil chief: Current price good for expansion
Mohamed Al Hamli says oil price good for Gulf state’s project plans