This month, we sat down with Ariel Corporation for a quick-fire round of questions.
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Posted inDRILLING & PRODUCTION
TAQA to spend $1.2bn on investments and acquisitions in the next three years
The company is currently in discussions to acquire two companies in North America this year, a major step in accelerating its 2021 transformation and growth strategy.
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Posted inExploration
Eni signs exploration and production sharing agreement for Block 1 offshore Bahrain
Eni pursue exploration activities in the offshore area of over 2,800 km2, located in the northern territorial waters of the Kingdom of Bahrain, with water depth ranging from 10 up to 70 metres.
Posted inDRILLING & PRODUCTION
TAQA Drilling subsidiary to acquire Schlumberger’s Middle East drilling rigs business for $415mn
The deal will create a pan-regional drilling entity with 58 onshore and 9 offshore rigs across Saudi Arabia, Kuwait, Oman, Iraq and Pakistan.
Posted inDRILLING & PRODUCTION
APICORP: $1trn in current and planned MENA energy investments over next five years
Saudi Arabia has the largest current and planned investments in the medium-term followed
by UAE and Kuwait
Posted inExploration
Eni signs offshore exploration and production sharing agreement with RAK Petroleum Authority
Eni will act as the operator with a 90% participating interest along with RAK GAS as a partner with a 10% stake
Posted inDRILLING & PRODUCTION
Dragon Oil to finalise acquisition in Egypt in coming months
In an exclusive interview with Oil & Gas Middle East, Dragon Oil CEO Ali Al Jarwan revealed the company’s progress on its $13bn expansion plans
Posted inProducts & Services
Wavefront uses new well stimulation tool in Saudi Arabia
The Powerwave Odyssey tool was used alongside traditional acid stimulation, and will also be used in Iraq
Posted inPower List
Ben Van Beurden
Shell’s reach is undeniable, but Ben Van Beurden has been ousted to the outer edge of the top 10 this year due to Shell’s focus on divestment. It completed its $30bn divestment programme, including the $406mn sale of its 19.6% stake in Iraq’s West Qurna 1 oilfield. Still, it has made a strong statement on […]
Posted inPower List
Jabar Al Luaibi
Jabar Al Luaibi, who served as Iraq’s oil minister until October 2018 (replaced by Thamer al-Ghadhban), this year faced protests that rocked Iraq’s oil-rich south, US sanctions against Iran, and his continuous, but ultimately unsuccessful, attempts to start up Iraq’s own national oil company, which he would head.