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Oman Liquefied Natural Gas Company (Oman LNG) will supply British Petroleum BP 1.1 million tons of LNG per year in a deal to last seven years, Reuters reports. BP was represented by its Singapore-based trade unit. The deal, according to Read more
British Petroleum (BP) signed a memorandum of understanding to increase the flow of oil from the oil fields of Kirkuk, in the country’s north. BP has been asked by the Iraqi oil ministry to boost production capacity from the field Read more
British Petroleum (BP) Oman has charged Petrofac to carry ‘development of a central processing facility (CPF) at the Khazzan Phase Two (Ghazeer) gas development with a contract estimated at $800 million. The contract is the second received by the oilfield Read more
BP, oil and gas giant multinational, announced that it has signed a $916 billion joint agreement with US explorer Kosmos Energy to drill for gas offshore Mauritania and Senegal. Under this agreement, BP will acquire 62% interest in Kosmos explorations Read more
State-run Kuwait Oil Company (KOC) is planning to develop new oilfields as part of the government’s plan to produce 4 million barrels of oil per day (bpd) by 2020. Several oilfields have been earmarked for development including the Burgan field; Read more
Iran is tipped to be an important gas supplier by 2023 if companies return to exploit its immense gas fields some of which have been lying idle for several years. Sanctions from the US and EU are holding back companies Read more
After several unsuccessful exploration attempts at the Risha gas field, British Petroleum (BP) made it public on Monday that they have begun drilling at the first well last week. A four year authorization to end in 2013 was handed over Read more
Although it is yet to be officially announced, there are rigs up for grab in the Middle East according to anonymous sources close to Transocean. Among one of the sources, “there are about 30 rigs for sale and the equity Read more