A Montreal-based company, SNC-Lavalin, has announced that it had won a $800m engineering, procurement, and construction (EPC) contract in the Middle East.
WEG, a leading global manufacturer of motor and drive technology has developed variable speed drive systems to help with the extraction activities from some of Oman’s older gas fields.
Jordan’s state-owned National Petroleum Company (NPC) plans to boost natural gas production from the Risheh field this year, which had dropped in 2015 due to some technical issues at the gas wells.
Dana Gas has started production at the Zora gas field located in the Sharjah Western Offshore Concession in the UAE, designated to achieve a flow-rate of 40mcf/d of gas.
Georgia will not import gas from Iran after having signed agreements for increased gas supplies from Azerbaijan's state oil company SOCAR at the beginning of March.
Nigeria is set to split its giant state-run National Oil Company into 7 independent units -before it was said the split would be into 30 units– in an effort to improve efficiency in the wake of the oil price crash.
Russia's largest oil producer Rosneft plans to increase oil deliveries to European customers via the Druzhba pipeline to 28.7-29mmt/yearin 2016, or by 3% to 5%.
Former Brazilian President Luiz Inacio Lula da Silva was briefly detained for questioning in a federal investigation of a vast corruption scheme related to the state oil company Petrobras.