Crescent Petroleum, the Middle East’s oldest privately-owned upstream oil and gas company, has signed three 20-year agreements with Iraq’s Ministry of Oil to appraise, develop, and produce oil and gas from two blocks in Diyala governorate and one in Basra governorate. The agreements will deliver much needed natural gas to fuel nearby power plants and […]
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Kuwait Oil Company awards $176 million maintenance contracts
Kuwait Oil Co (KOC) has awarded two local companies contracts to provide maintenance services for key oil facilities with a combined value of around $176.2 million, Zawya Projects reported, citing a report from Arabic language daily Alanba. KOC, which manages the OPEC producer’s upstream industry, awarded a 74.6 million maintenance service contract for its facilities […]
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2023 will be another strong year for crude oil, expert says
Following a relatively weak first quarter, a demand recovery thereafter combined with supply uncertainties should see Brent recover to trade in the $90s
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Major fire breaks out at Ajman oil factory
A massive blaze ripped through an oil factory in Ajman during the early hours of Friday morning. Ajman Police reported that the fire, which is now under control, erupted at the factory at 3.30am, and quickly gained traction, engulfing a residential building, printing press, warehouses, and several cars. The blaze was brought under control by […]
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Libya announces ‘transformational’ plan for oil and gas sector
“We have an ambitious vision to return Libya to the ranks of the world’s foremost energy-producing countries,” noted NOC Chairman Farhat Ben Gdara
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Kuwait invites bids to power oil and gas facilities with renewable energy
Two state-owned Kuwaiti oil companies have invited consultancy bids from five Western firms to study the use of renewable energy to run their facilities, Zawya Projects reported, citing a Kuwait newspaper. France’s Technip and Worley Engineering of Australia are amongst the companies that are invited to submit bids. The Kuwait National Petroleum Co and the […]
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OPEC expects higher oil demand growth as China relaxes COVID restrictions
The projection is 100,000 bpd higher than last month’s forecast
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Hiring soon: Kuwait Oil Company to recruit foreign technical workers
Kuwait Oil Co (KOC), a subsidiary of state-owned Kuwait Petroleum Corp, said it plans to bring in skilled technical workers from several countries including Canada, US, Egypt, Southeast Asia and the Gulf states. The company will hire technicians who are experts in drilling operations, maintenance, exploration and production, and medical and health, safety, environment and engineering, […]
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Oil & Gas Middle East Awards: Nabors joins as silver sponsor
Global oil and gas drilling contractor Nabors has partnered with Oil & Gas Middle East as the Silver Sponsor for the Oil & Gas Middle East Awards 2022, which are set to take place on March 2 at Grosvenor House, Dubai. The 13th installment of the event will gather executives from the upstream and downstream sectors in […]
Posted inExploration & Production
Egypt set to launch three oil and gas project tenders
Egypt will announce three tenders this year for oil and gas exploration and production projects, the country’s Petroleum and Mineral Resources Minister Tarek El Molla said at the opening ceremony for the Egypt Petroleum Show on Sunday. “Egypt plans to hold three international tenders in 2023 for oil and gas exploration and production,” the Nile […]