Italian oil and gas major Eni's production in Libya is currently running at 242,000 barrels of oil equivalent (BOE) per day, Chief Executive Paolo Scaroni said on Monday.
Cairn is pleased to announce it has entered into a farm-in agreement with Kosmos Energy and the Moroccan National Oil Company (ONHYM) for a 20% non-operated interest in an exploration block offshore North West Africa which is scheduled for drilling in H2 2014.
Libya has blocked efforts by U.S. company Marathon Oil to sell its stake in one of the country's top oil ventures by moving to preempt a deal, sources said, highlighting the struggle investors face in cutting exposure to Libya's unrest.
Dana Gas, the Middle East's leading regional private sector natural gas Company, and Crescent Petroleum, the oldest private oil and gas Company in the Middle East, have announced the achievement of five years of continuous production in their major operations in the Kurdistan Region of Iraq.
Iraq has awarded $347.8 million worth of drilling contracts for the Maysan oilfields in the south of the country, a government statement said on Tuesday.
Unrest and conflict in Libya had limited impact on French oil major Total's output in the country, the company's chief executive told reporters on Friday, adding that he expected production to resume shortly in the country
Russia's No.2 oil producer Lukoil plans to start natural gas production in Saudi Arabia next year, the company's vice president Leonid Fedun said on Friday.
Petrofac has added to its global operations and maintenance portfolio with the announcement of a new agreement, worth US$50 million, with Oman Oil Company Exploration and Production LLC (OOCEP).