News / International
South Korean Company Wins 40-Year Abu Dhabi Concession
South Korea's GS Energy said on Wednesday it had agreed to buy a stake worth 743 billion Korean won ($676 million) in a new 40-year onshore oil concession in Abu Dhabi, the latest move by import-dependent Asian countries to secure upstream assets.
Atlas to Re-Skill Iraqi Oil Workers in Safety Methods, Industry Best Practice
Atlas Knowledge, an international learning solutions provider, has signed a landmark deal that will see it work with the Iraqi Government to deliver world class safety and technical training to the country’s oil and gas workforce.
Kuwait’s Equate Wins Awards for Environmental Projects, among Others
Kuwait-based Equate Petrochemical company has won four Gulf-level Excellence Awards in recognition of its pioneering role in health, safety and Environment (HSE) from the American Society of Safety Engineers (ASSE) – Kuwait Chapter.
Iran’s Largest Solar Power Plant on Verge of Operation
Iran's largest solar power plant is expected to be operational and linked to the national grid in the next two years, said Mehrdad Tabegar, an official of the company implementing the project
Unresolved Disputes Lead to Shutdown of Wafra Oilfield
A jointly operated onshore oilfield between Saudi Arabia and Kuwait will shut for maintenance, a move apparently aimed at giving the Gulf OPEC allies more time to solve a long-standing dispute.
Circle Oil Discovers Gas in Morocco
Morocco’s Office of Hydrocarbons and Mining (ONHYM) announced Monday positive test results for the SAH-W1 well in the western-central area of the Sebou Permit, onshore Morocco.
75,000 Barrels to Be Lifted from Libya’s Zueitina Port
A tanker has docked at the eastern Libyan port of Zueitina port to lift 750,000 barrels of crude.
Shell Gets Approval to Drill in Arctic Ocean
The approval is a major victory for Shell and the petroleum industry, which has sought for years to drill in the remote waters of the Beaufort and Chukchi seas.
