Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta.
U.S. refineries are processing the lightest cocktail of crudes for almost a quarter of a century, as they run out of room to switch light imported oils with domestic shale production.
Marine industry professionals will discuss latest techniques and address the increasingly multi-faceted production projects taking place in a variety of remote and shallow water locations and broad range of complex construction projects at an upcoming conference in Abu Dhabi, UAE.
Restructuring of oil and gas assets is likely to face opposition from state giants and independent shareholders
Saudi Aramco, a world leader in integrated energy and chemicals, has appointed three senior vice presidents - Mohammed Y. Al Qahtani (Upstream), Ahmad A. Al Sa’adi (Technical Services) and Muhammad M. Al Saggaf (Operations & Business Services) effective January 1, 2016, as part of its global expansion strategy.
Al Qahtani was appointed in October 2015 as acting business line head of Upstream, with responsibilities that include exploration, petroleum engineering, oil and gas production and processing activities. Prior to this, he was VP of Corporate Planning.
Private Chinese firm CEFC Energy has agreed to take control of a unit of Kazakhstan's state oil and gas company which mainly owns assets in Europe, as China boosts business with its resource-rich but cash-strapped neighbour.
Oil and gas exploration permits awarded for the Taranaki Basin show the area is still the jewel in the crown of the country's petrochemical industry.
In a bid to increase foreign investments in its oil and gas sector, Iran has introduced a new mechanism for its future oil and gas contracts.
Saudi Arabia's government is expected to announce spending cuts and a drive to raise revenue from new sources as it lays out a strategy to cope with an era of cheap oil, people familiar with Saudi policy-making said.