Dana Gas, Crescent Petroleum Announce 30% Production Increase in Kurdish Field
Dana Gas and its partner Crescent Petroleum have announced a 30% increase of the production capacity of the Khor Mor field in Iraqi Kurdistan.
News / International
Kirkuk Oil Exports Could Reach 400,000 b/d: Kurdish Official
Iraq oil exports from Kirkuk could reach 400,000 barrels per day (b/d), up from 300,000 b/d before production was halted in 2017.
Arabtec Holding Wins Construction Contract for Bu Hasa Oil Field
Arabtec Holding subsidiary Target Engineering has won a $141.8 million construction contract for the Abu Dhabi National Oil Company's (ADNOC) development project for the Bu Hasa oil field.
GCC Economies to Recover in 2019 Due to Stable Oil Prices: Moody’s
The Gulf Cooperation Council (GCC) and Africa will experience higher economic growth in 2019.
OPEC Expected to Agree Production Cuts
The Organization of the Petroleum Exporting Countries (OPEC) are expected to agree oil production cuts starting from December.
KOC Signs $1.3B Contracts for Purchasing Drilling Rigs
The Kuwait Oil Company (KOC) has signed contracts worth $1.3 billion to buy over 86 drilling rigs.
ADNOC, Mubadala Sign Downstream Exploration Deal
The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Mubadala group on November 14 to explore more downstream investment opportunities.
Kuwait to Continue Production Despite Huge Rainfalls
Kuwait will continue its crude oil production, exploration and supply to the domestic market despite suffering from torrential rainfalls.
Iraq to Restart Oil Exports from Kirkuk
Iraq has restarted exporting oil from Kirkuk after being interrupted for a year due to conflicts between the central government in Baghdad and the Kurdistan Regional Government.
ADNOC to Spend over $4.9B Locally in 2018
The Abu Dhabi National Oil Company (ADNOC) will increase its In Country Value (ICV) spending on local goods and services to more than $4.9 billion in 2018.
