Oil Companies Call for PSAs, Contract Incentives in Iraq

• Sunday, 15th November 2015
• by Egypt Oil & Gas

International oil companies could boost production in Iraq beyond current targets if production contracts were changed to give more incentives for investment, according to BP Plc and Royal Dutch Shell Plc, reported Bl...

Kuwait to Spend $11.5 Bn to Build Middle East’s Largest Refinery

• Wednesday, 29th July 2015
• by Egypt Oil & Gas

Kuwait National Petroleum Co (KNPC) awarded 3.48 billion dinars ($11.5 billion) worth of contracts on Tuesday to build the al-Zour oil refinery, which would be one of the largest in the Middle East, Kuwaiti state news...

Qatar Petroleum No Longer Dealing with Contractors Directly

• Monday, 29th June 2015
• by Egypt Oil & Gas

Qatar Petroleum (QP) has decided not to assign any contracts by direct agreement with the relevant parties, including wholly or partly owned companies by QP or its subsidiaries, according to a report. This was disclos...

Libya To Offer New Production-Sharing Contracts

• Monday, 18th June 2012
• by Egypt Oil & Gas

Libya will offer new production-sharing agreements to international oil companies on improved terms to existing contracts, but this won’t happen this year, said the country’s Minister of Oil and Gas, Abdur...

Statoil hands out $5.1bn in drilling contracts

• Tuesday, 22nd May 2012
• by Egypt Oil & Gas

Norway’s Statoil has awarded drilling contracts on the Norwegian Continental Shelf worth a combined Nkr30 billion ($5.1 billion), including options. The contracts, which were awarded to KCA Deutag, Odfjell Drill...