The Norwegian E&P company is considering adding a further well to increase West Bukha’s production
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Austria’s OMV signs MoU to revive activity in Iran
The deal signed earlier this month in Tehran covers several areas from oil and gas field evaluation to crude oil and petroleum product swaps
Wintershall eyeing opportunities in Iran
German E&P recently signed an MoU with Iranian authorities for the development of energy and infrastructure projects
Omani oil majors seek combined loans worth $4.35bn
While PDO is seeking a $2.5bn loan to fund its projects, the Oman Oil Company has contacted banks about amending the terms of an existing $1.85bn loan
Kuwait to explore offshore acreage in 2017
KOC is in the process of tendering two contracts; one will cover logistics work and the other will focus on identifying where offshore rigs should be located
QP committed to continue Al Shaheen project: CEO
The existing E&P sharing agreement with Maersk Oil Qatar that governs the operation of Al Shaheen field will expire mid-2017
Omani firms making inroads as oilfield operators
Five local companies established as operators in upstream sector, the government-owned Oman Oil Company Exploration & Production being the latest entrant
Aramco says Jafurah unconventional gas promising
Saudi Aramco is assessing the unconventional Jafurah gas basin which it says is promising; CEO says Aramco it plans to boost gas production for power and chemical industries
Wintershall’s profits fall by a third in 2015
Company attributes fall in earnings to lower oil prices and asset divestment
Wintershall talking to ADNOC over Shuwaihat field
German E&P firm hoping to secure long-term production agreement with ADNOC