Saudi Drill, EcoDem Sign JV Agreement
EcoDem, an Italian provider of environmental services, has signed a joint venture (JV) agreement with Saudi Drill Company to provide solutions and services in Saudi Arabia.
News / International
Libya’s Oil production Falls Down to 114,331 b/d
The Libya’s National Oil Corporation (NOC) announced the decline of production levels to 114,331 barrel per day (b/d).
Saudi Aramco to Raise Crude Production to 12.3 M b/d in April
The Chief Executive of Saudi Aramco Company, Amin Nasser, announced that Aramco will raise its crude production, which includes oil to its customers inside the kingdom and abroad, to 12.3 million barrels per day (b/d) in April.
Oil Buyers Seek Up to 50% More Saudi Oil in Wake of Price Fall
Three buyers of Saudi oil have demanded between 30% and 50% more oil supplies than originally planned in April due to the heavily reduced oil prices by Saudi Arabia.
75% of Dana Gas Production Unaffected by Oil Prices’ Drop
Dana Gas Company has announced that its production of natural gas which constitutes 75% of the company's production is unaffected by failing oil prices.
QP to Acquire 25% Stake in QAFCO
Qatar Petroleum company announced that it has signed a binding agreement to acquire Yara’s 25% stake in Qatar Fertilizer Company (QAFCO).
Sonatrach, ENI Complete the BRN-MLE Pipeline
Sonatrach, Algeria’s national oil company, in collaboration with Italy’s Eni have completed the Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) pipeline in the Berkine Basin, Algeria.
SDX Energy Discovers Onshore Gas in Morocco
SDX Energy's BMK-1 well drilling program has yielded commercial amounts of gas.
South Pars Development to be Completed in March
South Pars, the offshore project located in the Arabian Gulf is expected to be completed by the end of the current Iranian year (March 19, 2020) Mohammad Meshkinfam, the Managing Director of Pars Oil and Gas Company (POGC).
Zenith Acquires Onshore Production Asset in Tunisia
The Canadian oil and gas company Zenith signed an agreement on 2nd March to acquire a working interest (WI) in an onshore oil production unit in Tunisia.
