The order, booked in the energy and process segment, has a value of approximately US$16.3 million and its delivery is scheduled for 2017 and 2018.
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Kuwait Energy signs $100mn financing with Vitol
The Kuwaiti oil and gas exploration and production company, with assets in Egypt, Iraq, Oman and Yemen, said it has received the first drawdown of $40mn
Egypt signs $220mn of oil and gas deals
The deals include drilling for six wells and a signing bonus of $9mn and are the result of a tender called by Egyptian state gas board EGAS
Oman to speed up Tayseer gas field development
Tayseer gas field flowed gas at the rate of around 1.3mn cubic meter per day (cm/d) and condensate of around 900 cm/d during the testing of the TY-1 well
Algeria to rejuvenate ageing oil wells
Six EPFs have already been installed around the giant oil field of Hassi Messaoud, which produces more than 400,000 barrels per day (bpd)
PDO exceeds $1.6bn expenditure cut target in 2016
The majority state-owned oil producer had launched several initiatives to curtail expenditure last year when oil prices began their free fall causing serious fiscal problems for oil-dependent economies.
Omani licence attracts IOC interest: Ministry
Bidding in the block’s tender was buoyed by new interest from Asian companies
NIOC to explore oil and gas in Oman Sea
The exact amount of oil and gas resources in the Sea of Oman is still unknown, but primary studies are promising of satisfactory estimations.
Qatar builds on LNG strength
As Qatar explores new markets across Asia and perhaps Africa in the near future, its focus on expanding the thriving LNG sector will remain one of the key elements behind the growth of its energy industry
Experts discuss strategies for a low oil price era
The oil industry shared the secrets of its crash-course diet at ADIPEC 2016, during a conference session entitled ‘Investment challenges in current market conditions’