Drydocks World Completes Rashid D Wellhead Offshore Dubai
Drydocks World has finished the Rashid-D wellhead platform jacket and topside for TechinpFMC and end client Dubai Petroleum.
News / International
Weir Oil and Gas Signs Contract with Iraqi JV
Weir oil and gas Dubai signed a multi-year contract with an Iraqi JV for rotating equipment overhaul services.
Libyan NOC Announces November Revenues at $2.4 B
Libya’s National Oil Company (NOC) declared that oil and gas revenues in November declined to be $2.4 billion, down from $2.87 billion in October.
Iran Sells Oil to Non-governmental Traders
Iran announced on December 26 that it is not facing any problems in selling Iranian crude oil to non-governmental traders.
Saudi Aramco Creates Retail Company to Support Downstream
Saudi Aramco announced on December 27 the establishment of the Saudi Aramco Retail Company (RetailCo), a wholly owned subsidiary, to satisfy the consumers’ needs of fuel.
Kuwait, Iraq to Appoint Expert for Oil Production Assessment
Kuwait and Iraq have selected a consultant to estimate the oil reserves in the areas on the border between the two countries.
China’s ZhenHua Acquires 4% Stake in ADNOC Onshore Concession
China's ZhenHua Oil Company, through its subsidiary North Petroleum International Company, acquires 4% stakes at the onshore concession in the Rub’ al Khali Basi, which is owned by Abu Dhabi National Oil Company's (ADNOC) and covers 14 oil fields.
Iraq’s Exports from Kirkuk to Remain Limited
Iraq’s exports from Kirkuk oilfields to the Turkish Ceyhan port will remain between 80,000 to 90,000 barrels per day (b/d) as most of the produced crude oil from Kirkuk is directed to the northern refineries.
Kuwait’s Crude Oil Output to Increase to 250,000 b/d
Light crude production in Kuwait is expected to increase reaching 250,000 barrels per day (b/d) in the next three years, and 300,000 b/d by 2023.
OAPEC Holds its 101st Meeting in Kuwait
The cabinet of the Organization of the Arab Petroleum Exporting Countries holds the 101st meeting in Kuwait to discuss the general secretariat of global oil situation.
