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Oil Field Services News

Douglas-Westwood Releases Report on Iraq
Iraq >> 1/22/2013 - The potential scale of the Iraqi oil sector is unprecedented in modern times, and represents a significant opportunity for the drilling and oilfield service industry. However, limited historical infor...
Exxon Hold Talks Over Disputed Oil Deals
Iraq >> 1/21/2013 - Exxon Mobil has asked Iraq's prime minister if it can keep running a huge southern oilfield despite disagreements over rival contracts signed with the country's autonomous Kurdistan region, the govern...
MMG Achieves 5 Million Safe Man-Hours
Saudi Arabia >> 1/1/2013 - Mohammad Al-Mojil Group (MMG) celebrated the achievement of 5 million man-hours without lost time injury at its Saudi Aramco’s Wasit SK project, December 30, 2012. During the last two months, MMG has ...
Circle has Agreed a $12.5m Secured Capital Facility
Egypt >> 12/20/2012 - Circle Oil Plc, the Middle East and Africa focused oil and gas exploration, development and production company, is pleased to announce that it has agreed a US$12.5 million (the "Principal Sum") secure...
Uganda's Museveni Accuses Foreigners Ruining Oil Sector
Uganda >> 12/13/2012 - Uganda's President Yoweri Museveni, facing donor aid cuts over graft, accused unnamed "foreign interests" of sabotaging the oil sector to prevent the country from attaining financial freedom. Uganda s...
Houston Announces Abandonment of Zorro Gris #1 Well
Colombia >> 12/10/2012 - Houston American Energy Corp. received notice from SK Innovation, operator on the Company’s CPO 4 Block in Colombia that it intends to plug and abandon the Zorro Gris #1 well. Following completion of ...
Ugandan Lawmakers Passes Long-Awaited Oil Bill
Uganda >> 12/7/2012 - Ugandan lawmakers passed new legislation meant to regulate the country's emerging oil sector but critics said the law would invest too much control in the hands of the executive. The vote should help ...
ADNOC Wants to Keep Current UAE Oil Concession Structure
United Arab Emirates >> 11/11/2012 - Abu Dhabi National Oil Co (ADNOC) is willing to keep the current structure of its oil and gas concessions in the United Arab Emirates unchanged, and will present its recommendation to the Supreme Petr...
Eni's CEO: Enthusiasm Waning for 'Bureaucratic' Iraq
Eni's CEO: Enthusiasm Waning for 'Bureaucratic' Iraq Iraq >> 10/31/2012 - Eni S.p.A., Italy's biggest energy company by market value is less enthusiastic now about its operations in Iraq than when it entered the Arabic country after the end of Saddam Hussein's regime, Chief...
Petronor Launches the Second Phase of Iraq Energy City
Iraq >> 10/26/2012 - International services company Petronor, is successfully launching the second phase of its latest project, Iraq Energy City (IEC). A fully equipped international community in Basra, Southern Iraq, IEC...
Oil State Capital Attacked Again in Sudan
Oil State Capital Attacked Again in Sudan Sudan >> 10/10/2012 - Insurgents said they had shelled the main city in Sudan's oil-producing South Kordofan state, the second attack on the city this week. Sudan's army has been battling SPLM-North insurgents in South Kor...
Xodus Group Launches Operation in the Middle East
Iraq >> 10/8/2012 - International energy consultancy Xodus Group has invested Ł2million in launching a Middle East operation in Dubai as part of its global expansion strategy. An initial team of 19 will be based in the c...
Top Leaders in Global Energy Convened in USA
United States >> 10/2/2012 - The Bilateral US-Arab Chamber of Commerce announced that it facilitated a private forum morning among the world’s top leaders in the Oil & Gas industry to discuss new ventures, challenges, opportuniti...
Digital Oilfield Conference Showcases Latest Gadgets
Oman >> 9/26/2012 - As part of its commitment to the oil and gas sector, Microsoft took part in the world digital oilfield conference 2012 held in Muscat on September 24 and 25, 2012 under the patronage of Dr Mohammed al...
Voith Receives Major Order for Brazilian Offshore Oil Field
Brazil >> 9/26/2012 - Voith has received a major order for the delivery of 60 variable-speed planetary gears type "Vorecon". The "Vorecons" will enter service in offshore production on the oil fields of the huge pre-salt c...
Petrel Resources Provides Update on Iraq Operations
Iraq >> 9/18/2012 - The board of Petrel Resources is pleased to provide an update on the Company's position in Iraq. In mid 2012, Petrel appointed a new Baghdad/Amman based team of Iraqi citizens to review the standing ...
Iraq Says has U.S. Support in Kurdish Oil Deals Row
Iraq >> 9/4/2012 - A U.S. official has said companies should co-operate with Iraq's central government before striking oil and gas deals with the autonomous Kurdistan region, according to a statement from the Iraqi prim...
Iraqi Kurds Ready to Negotiate Over Crisis, Oil Law
Iraqi Kurds Ready to Negotiate Over Crisis, Oil Law Iraq >> 8/30/2012 - Iraq's Kurdistan is ready to restart negotiations with Baghdad to end their political crisis, focusing on a long-delayed oil law to hand regional authorities more say in managing energy resources, a s...
Iraq to Cancel Total's Halfaya Oil Contract
Iraq to Cancel Total's Halfaya Oil Contract Iraq >> 8/1/2012 - Baghdad is working to cancel Total's share in southern Iraq's Halfaya oilfield after the French company announced it signed agreements to develop oil in autonomous Kurdistan, a senior Iraqi oil offici...
DNO to Receive Fiscal Entitlements Pursuant to Tawke PSC
DNO to Receive Fiscal Entitlements Pursuant to Tawke PSC Iraq >> 7/24/2012 - DNO International ASA (DNO International), the Norwegian oil and gas company, announced that it has reached agreement with the Kurdistan Regional Government (KRG) to fully apply the fiscal terms and c...

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