oilfield | Egypt Oil & Gas
Maridive Returns to Black in Q1 2025 on Higher Revenues, Leaner Cost Base
Maridive & Oil Services reported a profit in the first quarter (Q1) of 2026, supported by higher revenues and lower costs. According to the unaudited standalone financial results approved by the Board of Directors...
CNOOC Begins Production at Xijiang Oilfield Blocks Ahead of Schedule
CNOOC has commenced production at its Xijiang 30-2 Oilfield Xijiang 30-1 Block Development Project located in eastern South China Sea, ahead of schedule. The project, with an average water depth of about 98 meters, is...
Iraq to Increase Nasiriya Output to 100,000 b/d
Production at Iraq’s Nasiriya oilfield will be expanded to 100,000 barrels per day (b/d) following a government vote, Reuters reported. “Based on the recommendation of the energy committee, [the] cabinet voted t...
Russia to Work on Iranian Oil Fields
Russian oil firms may sign deals with Iran by March 21st which would enable them to work on Iranian oilfields, said Alexander Novak, Russia’s Energy Minister, according to Reuters. Iran is willing to sell crude oil to...
Dubai’s Dar Group Acquired 13.35% Stake in WorleyParsons
Dubai-based Dar Group has bought a 13.35% stake in the oilfield services provider WorleyParsons after its takeover bid in 2016 was rejected, Offshore Energy Today informed. According to The National, 8.61% of the stak...
Qatar Navigation to Buy Qatar Petroleum Stakes
Qatar Navigation (Milaha) has reached a preliminary agreement to buy Qatar Petroleum’s stake in oilfield services firm Al Shaheen Holding, reported Reuters. Qatar Navigation said a binding agreement for the tran...
Cairn Energy Publishes Positive Well-Test Results Off Senegal
The Edinburgh-based oil explorer, Cairn Energy said it successfully flow-tested the SNE-2 well in the Sangomar Offshore block at a rate of 8,000 barrels a day, Bloomberg reported citing a company’s statement. Th...
Moves to Compensate Kuwait over Saudi Oilfield Closure
Kuwait has said the continued closure of the Khafji oilfield it shares with Saudi Arabia will create huge losses Riyadh must compensate for in future, a local daily reported. Al Rai newspaper based its report on a lea...
