The National Iranian South Oil Company will develop four oilfields, Parsi, Karanj, Rag Sefid, and Shadgan, which include nine reserves, in accordance with its new contract model which is expected to extend up to five ...
Saudi Aramco signed an agreement to form a new joint venture (JV) in Saudi Arabia to manage and operate onshore drilling rigs with the Anglo Energy company, Nabors.
Qatar Petroleum (QP) announced the establishment of Ocean LNG Limited, which is a joint venture (JV) with ExxonMobil. The newly established company's core business will be marketing future LNG supply portfolio source ...
National Iranian Gas Company's (NIGC) spokespersons, Majid Bojarzadeh, said that Ankara had informed Tehran of a problem in the pipeline that carries Iranian gas to Turkey. This has resulted in a halt in gas supply.
Kuwait’s Petrochemical Industries Company (PIC) signed a deal with Bahrain’s National Oil and Gas Authority (NOGA) to build a joint aromatics factory in the Kingdom.
Saudi Aramco is to receive an investment offer from Petronas by December 2016. The Malaysian company showed interest in its $21b refining and petrochemicals project located in Pengerang, Johor.
The Jereh Group, which is a Chinese oil field services company and manufacturer of oilfield equipment, has announced that five sets of its 1253kW gas engine-driven compressor units have been shipped to Algeria.