Iraq’s state-run South Oil Co. (SOC) has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar Integrated South Project to boost infrastructure that will allow to increase output from Ir...
Higher E&P expenditure, financial durability of the companies and customers are likely to drive the oilfields services (OFS) market in the Middle East to record revenues worth $13.4b by 2019, said Trade Arabia, ci...
Saudi Arabia’s first carbon capture and storage pilot project, located at its Ghawar oilfield, may boost oil recovery rates by 20% points, oil minister Ali al-Naimi said, reported Reuters. “This pilot will...
GlassPoint Solar Inc will shortly begin work on the 1-GW Miraah solar thermal park in Oman, reported SeeNews Renewables. Here solar power will be used to heat water into steam for injection into the Amal oilfield, ext...
According to Press TV the United Kingdom will pay Iran the country’s share of revenues from Scotland’s offshore Rhum Gas Field, but only after sanctions on the Islamic Republic are lifted. Iranian Deputy Oil Minister ...
Austrian President Heinz Fischer arrived in Tehran on Monday at the head of leading business delegates to review potential trade relations with the Islamic republic, reported UPI. One of these companies was Austrian o...
For Chevron Corp., a dollar spent in the Permian Basin can get 35 percent more oil out of the ground than it could last year, as drilling costs have fallen and as the company works faster on more fertile wells. San Ra...