MENA Crude Weakens Following Omani Prompt Oil Offer

• Thursday, 25th May 2017
• by Sarah Samir

The Middle East crude market weakened for a second session as prompt oil sales by Oman weighed on the market.

CGG Extands Contract with Oman’s PDO

• Thursday, 25th May 2017
• by Editorial Team

CGG's contract was extended until 2021 for the provision of subsurface imaging technology.

Saudi Arabia Strenghen Ties With US

• Thursday, 25th May 2017
• by Editorial Team

US companies signed deals worth billions of dollars with Saudi Arabia’s oil and gas industry.

Iraq Mulls Largest Sovereign Oil-Hedging Deal

• Thursday, 25th May 2017
• by Editorial Team

Iraq is mulling an oil hedging program to lock in prices for future crude sales, potentially topping a similar deal run by Mexico.

Iran Discovers New Gas Field

• Thursday, 25th May 2017
• by Editorial Team

The field, called Sepand, has 1.5tcf of sweet gas, of which about 792bcf could be recoverable.

South Africa: Eskom’s Koeberg Unit 2 Resumes Operation

• Thursday, 25th May 2017
• by

South Africa's state-owned power utility Eskom announced that its Unit 2 of Koeberg nuclear plant is back into operation.

Equatorial Guinea’s Bioko Oil Terminal Attracts Interest from Nigeria’s Oranto Petroleum

• Thursday, 25th May 2017
• by

Nigeria’s Oranto Petroleum is interested in The Bioko Oil Terminal (BOT) project in Equatorial Guinea.

Custos Investments, Galp Energia and Namcor to Explore Oil Off Namibia

• Thursday, 25th May 2017
• by

Three firms are collaborating in allocating commercially viable petroleum reserves off the Namibian coast.

SNEPCo Announced 702mb of Oil Production from Bonga

• Wednesday, 24th May 2017
• by

The Bonga oil field operated by Shell Nigeria Exploration and Production Company (SNEPCo) has produced about 702mb of oil since its start up in 2005.

Tullow to Boost TEN Field Production off Ghana

• Wednesday, 24th May 2017
• by

Tullow Oil will drill new wells and increase the output at its TEN field off Ghana to 80,000b/d.