oilfields | Egypt Oil & Gas

Venezuela’s National Assembly Backs Major Oil Deal with US

Venezuela’s National Assembly has backed an oil deal with the administration of US President Donald Trump, ahead of a planned visit to Caracas by US Energy Secretary Chris Wright, according to Reuters. The agreement w...

GPC Operates Modern Drilling Rigs in Eastern Desert, To Drill 75 Oil Wells in One Year

As part of the Ministry of Petroleum and Mineral Resources’ strategy to boost domestic production, the General Petroleum Company (GPC) has started operating the first of three modern 1,000-horsepower drilling rigs, su...

CNOOC Starts Production from Two Oilfields

CNOOC Limited announced the start of production from Caofeidian 6-4 Oilfield Comprehensive Adjustment Project and Wenchang 19-1 Oilfield Phase II Project. Caofeidian 6-4 Oilfield Comprehensive Adjustment Project is lo...

Iraq, Kuwait to Appoint ERCE for Joint Oilfield Study

Iraq and Kuwait have reportedly agreed to appoint ERCE to prepare a study for the development of joint border oilfields, Reuters reported, citing the Iraqi Ministry of Oil. The Iraqi ministry expects a contract to be ...

Total to Invest in the UAE

Total’s President of Exploration and Production in the United Arab Emirates (UAE), Hatem Nuseibeh, confirmed that the company will continue investing in the country. Furthermore, the company plans to be part of ...

Iran to Develop 4 Oil Fields

The National Iranian South Oil Company’s (NISOC) Managing Director, Bijan Alipour, declared that the company will develop four oilfields, Parsi, Karanj, Rag Sefid, and Shadgan, which include nine reserves, in ac...

Iraq’s Basrah Gas Company Doubles Gas Production

Iraq’s Basrah Gas Company (BGC) doubled the amount of gas that was processed from three flaring oilfields in Iraq since it started operating in 2013, in attempt to further increase its production rates, Zawya reported...

Iraq Seeking Foreign Investments to Increase its Oil Output

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...

UAE Still Expanding, but Optimizing Offshore Investments

The inaugural Adipec Offshore and Marine Conference, produced and managed by dmg events, kicked off on November 9 in a purpose-built dedicated waterside theatre, the first-of-its-kind in the region, reported Trade Ara...

Last Syrian Oil Stronghold Falls to ISIS

Reuters reported that Islamic State fighters have captured the Jazal field in Syria from government forces, citing the Britain-based Syrian Observatory for Human Rights. While a medium-sized field that had been shut d...

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