RAK Petroleum holds a 40.45% interest in DNO, which is focused on exploration & production in Iraq & Oman. The Oslo-listed company, originally founded in the UAE, signed an exploration and production sharing agreement with Eni in April 2019 for Block A Offshore in RAK, which covers 2,412 km2.
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Posted inPower List
Alexey Miller
Gazprom Neft Middle East celebrated its 100 millionth tonne of oil at Iraq’s Badra field in August 2019. It is establishing a joint venture in Western Siberia with Mubadala and the Russian Direct Investment Fund, which it says is part of a larger plan to make more deals, and expand its presence, in the Middle […]
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Ihsan Abdul Jabbar Ismail
With protests, general unrest, and geopolitical strife surrounding Iraq, Basrah Oil Company has had a difficult year, and after the US airstike in Iraq, and resulting retalation from Iran, some major international oil companies have taken their workers out of the nation.
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Saeed Al-Hajeri
TAQA has growth in mind; its subsidiary agreed to acquire Schlumberger’s Middle East drilling rigs business for $415mn, and the company announced that it produced more than 1mn barrels of oil from Atrush, in Kurdistan Region of Iraq, in July. TAQA plans to spend $1.2bn on investments and acquisitions in the next three years.
Posted inDRILLING & PRODUCTION
Eni signs MoU to strengthen collaboration in Bahrain’s energy sector
Eni and Tatweer Petroleum will explore new areas for potential collaboration in renewable energy, LNG and the oil and gas sector
Posted inDRILLING & PRODUCTION
Oil market reacts coyly to Middle East crises
Globaldata says the oil market is now driven more by perceptions of supply and demand
Posted inDRILLING & PRODUCTION
Three reasons why WTI crude oil could reach $70
Ryan Dusek, director of the Commodity Risk Advisory Group at Opportune, comments on the three factors impacting WTI prices
Posted inDRILLING & PRODUCTION
Nigeria fully complied with OPEC cuts in December, says NOC head
However, S&P Global Platts’ latest survey of OPEC production estimated Nigeria’s December crude production at 1.84 million bpd
Posted inDRILLING & PRODUCTION
Crescent Petroleum implements sustainability initiatives
Natural gas is now 85% of Crescent Petroleum’s production, which has helped avoid 33 million tonnes of CO2 emissions by replacing diesel with gas to generate electricity
Posted inDRILLING & PRODUCTION
Oil prices poised for slide as tensions cool
Dramatic initial price reaction to US-Iranian hostilities in Persian Gulf, although less than before the US shale revolution