In an exclusive interview, Bernard J Duroc-Danner, the chairman, CEO and president of Weatherford International, talks about the company’s operations and expansion plans in the Middle East
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RAK Petroleum delivers $850mn Ivory Coast project
The Oslo-listed oil and gas investment company said in a statement that operator Foxtrot International has brought on stream two new offshore gas fields, Marlin and Manta
Saudi Aramco plans to spend $334b in next 10 years
“This will be spent on material and services to support service facilities, infrastructure projects, drilling and maintain (oil) potential projects, unconventional resources both in the exploration phase and development and several other projects”: Aramco
Downstream Logistics: Making the link
While oil and gas logistics is a challenging business, one can make a success of it by using the right strategy, writes Usman Rehman, chairman of UAE-based logistics operator Time World Freight
Clamour grows in gas-squeezed MENA
Demand for power generation, petrochemical projects and re-injection has far outpaced gas exploration and production, resulting in these once gas-exporting countries having to look for suppliers
Iran paves the way for fresh investment
The Islamic Republic’s government has launched the new model for the Iran Petroleum Contract (IPC), by virtue of which it hopes to attract billions of dollars in investments towards its oil and gas sector
Comment: The resilience of the shale industry
Many shale operators have been quick to adapt their operations to the current low-price environment by implementing technological innovations and cost-saving measures, says Colin Chapman
Russia considers LNG supplies to Bahrain: Report
A memorandum of understanding was signed by Russia’s Gazprom and Bahrain’s National Oil and Gas Authority (Noga holding)
Western IOCs seek to study Iran’s Caspian reserves
The Caspian Sea’s complex geological structures as well as its noticeable depth have turned it into a high-risk venture for oil drilling and exploration
Iran, Russia ink $1 billion oil rig deal: Report
The project will be jointly financed by Russia and Iran, and put the Islamic Republic among the countries capable of building drilling rigs