News / International
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.
Defying Sanctions, Russian Oil Production Steady
MOSCOW, Russian oil output was broadly unchanged in February, at 10.65 million barrels per day (bpd), as a rise in production at smaller producers offset a drop in output from Rosneft and others, Energy Ministry preliminary data showed on Monday. Russian oil pipeline exports stood at 4.27 million bpd in February compared to 4.34 million bpd in January.
Aramco and King Fahd University Collaborate on Advanced College Program
Saudi Aramco and King Fahd University of Petroleum and Minerals (KFUPM) have signed a framework agreement supporting a new Petroleum Engineering and Geosciences college program.
