News / International
Iraq Reviewing Foreign Oil Contracts to Up State Share in Production
Iraq has said that it is reviewing its oil production agreements with international firms because falling crude prices meant that the financial cost of existing service contracts were too high to bear.
Turkish Oil Refinary Posts $84.7 million Net Profit for this Quarter
Turkish oil refiner Tupras, owned by Koc Holding, posted an 87% jump in fourth-quarter profit, helped by higher refining margins.
Iran: Deep Water Exploration to Balance Oil Prices
An Iranian oil official said on Tuesday that Iran plans to undertake more deep-water exploration projects to increase the country's drilling capacity as well as balance the steady slump in oil prices.
McDermott in Brownfield Offshore Project with Aramco
McDermott Middle East has been awarded initial work for a significant power supply system replacement contract by Saudi Aramco for the Marjan field, offshore Saudi Arabia.
Russian Billionaire Mikhail Fridman Buys RWE DEA Production Unit
German utility RWE said it had closed the sale of its oil and gas production unit DEA to Russian billionaire Mikhail Fridman, confirming what a source familiar with the matter told Reuters earlier on Monday.
Syria and South Africa Collaborate in Oil and Gas Fields Projects
Damascus - Minister of Petroleum and Mineral Resources Suleiman Abbas and South African ambassador in Damascus Shaun Byneveldt discussed cooperation in the fields of oil, gas and mineral resources' investment.
Technip Flexible Pipes for Brazil’s Lula Alto Field
Technip, a leader in project management, engineering and construction for the energy industry, has won a major deal for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil.
Official Inquiry Into Alaska Pipeline Leak
JUNEAU, Alaska, Investigators are reviewing the cause of an oil production pipeline breach on Alaska's North Slope where upwards of 4,000 gallons (15,100 liters) of fluid spilled, state officials said on Monday.
