Iraq's Deputy Prime Minister for Energy Hussain al-Shahristani confirmed on Wednesday that talks were taking place between BP and Baghdad over the northern Kirkuk oilfield.
Abu Dhabi-based Dolphin Energy confirmed it has created a shortlist of companies for an engineering, procurement and construction contract related to its plant in Ras Laffan, Qatar.
Oil prices will gain 30 percent on average in 2012 compared with a year earlier on possible supply disruption from Iran, the International Monetary Fund warned.
Exxon Mobil has told Baghdad it will not break ground on its oil blocs in the semi-autonomous Kurdish north until the central government approves the contracts, Iraq's top energy official said on Wednesday.
Saudi Aramco has started testing the first of three trains at an expanded gas processing facility for its offshore Karan field that are set to deliver an output boost for the project later this year, according to a report.
Royal Dutch Shell Plc is assessing projects that could be worth around $4 billion to boost oil production in Nigeria and cut flaring of associated natural gas, Chief Executive Peter Voser said in comments published on the company's website.
The Lump Sum Procure and Build contract has been awarded by the Emarat of the Makkah Province for the implementation of a new Stormwater Drainage System within the framework of the Jeddah Stormwater Drainage Program - Package 8, to be developed in Jeddah, on the Western coast of Saudi Arabia.
A ''significant oil accumulation'' has been found at Hunt Oil Middle East's Simrit-2 exploration well, located in the Ain Sifni production sharing contract in Kurdistan, a partner to the project has announced.
CGGVeritas announced that, after negotiations with Total Exploration & Production Angola and Sonangol, it has been awarded a five-year contract for the 4D seismic processing and imaging of annual and biennial monitor surveys planned to take place offshore Angola.