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Oil Field Services News

Aramco to Re-Open Oldest Dammam 7 Field
Saudi Arabia >> 2/16/2012 - Saudi Arabian Oil Co. plans to re- open the Gulf kingdom’s oldest oil field and produce there for the first time in 30 years as the company boosts output of heavy crude, the Economist Intelligence Uni...
Sudan Bombed Disputed Border Town
Sudan >> 2/14/2012 - South Sudan accused its northern neighbour Sudan of bombing the disputed border town of Jau, killing four soldiers and breaking a non-aggression pact the two former civil war foes signed last week. Su...
Libya Extends Zueitina Oil Concession for 25 Years
Libya Extends Zueitina Oil Concession for 25 Years Libya >> 2/10/2012 - Libya has extended Zueitina Oil Company's concession to operate its oilfields for another 25 years, a document signed by Prime Minister Abdurrahim El-Keib showed. The company, a subsidiary of Libya's ...
TNK-BP to Hold Contractor Day for Yamal Projects
Russia >> 1/24/2012 - On February 8, TNK-BP will hold an even to highlight its oil and gas projects in the Yamalo-Nenets and Northern Krasnoyarks regions for the Company’s existing and potential contractors and suppliers. ...
ICOFC to Develop Shared Oilfields with Iraq
Iran >> 1/21/2012 - Tehran and Baghdad have decided to establish a joint company to develop three joint oilfields, announced the managing director of the Iranian Central Oil Fields Company (ICOFC). ...
Militants Bomb Oil Equipment Yard in Iraq
Militants Bomb Oil Equipment Yard in Iraq Iraq >> 1/12/2012 - Gunmen wearing military uniforms bombed an equipment storage yard belonging to Angola's national oil company near an oilfield in northern Iraq, police sources said. No one was hurt in the attack, whic...
Iraq's Kurds See Exxon Deal on Track, No Obstacles
Iraq's Kurds See Exxon Deal on Track, No Obstacles Iraq >> 1/12/2012 - Exxon Mobil Corp's deal with Iraq's semi-autonomous Kurdistan government to develop six exploration blocks is on track and there are no obstacles to it proceeding, the region's Natural Resources Minis...
Iran Outperforms Foreign Firms in South Pars
Iran >> 12/31/2011 - Managing director of the South Pars Oil and Gas Company (POGC) says Iranian contractors have broken a previous record set by the European companies in the development of the South Pars gas field.
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Private Consortium to Develop Lavan Field
Iran >> 12/26/2011 - A contract for the development of Iran’s Lavan gas field will be signed tomorrow between the National Iranian Offshore Oil Company (NIOOC) and a domestic private consortium. ...
FSU and Russia Oil Supply – December 2011
FSU and Russia Oil Supply – December 2011 Russia >> 12/26/2011 - Total FSU oil supply is foreseen to increase by 70 tb/d in 2011 to average 13.30 mb/d, unchanged from the previous month’s assessment. Despite the steady situation, there were few upward and downward ...
Tatneft Halts Syrian Operations
Syria >> 12/23/2011 - Russian oil company Tatneft has halted work in Syria, citing instability in the country, after foreign oil companies including Royal Dutch Shell also stopped operating there due to Europen Union sanct...
Clinton Warns S.Sudan of Resource Curse with Oil Wealth
Clinton Warns S.Sudan of Resource Curse with Oil Wealth Sudan >> 12/15/2011 - U.S. Secretary of State Hillary Clinton urged newly independent South Sudan to be prudent with its oil wealth, warning mismanagement and the "resource curse" could see money siphoned off by unscrupulo...
Gulfsands Halts its Operations in Syria
Syria >> 12/12/2011 - Gulfsands Petroleum plc, the oil and gas production, exploration and Development Company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., wishes to provide the following update on the Eu...
Minister of Oil and Gas visit to AGOCO
Minister of Oil and Gas visit to AGOCO Libya >> 12/10/2011 - HE Minister of Oil and Gas, Mr. Abdul Rahman Binyeaza visited on Friday, 09/12/2011 the fields of Messla and sareir which belonging to the Arabian Gulf Oil Company (AGOCO), he was accompanied by Mr....
PetroNeft Updates Operations on Licences 61 and 67
Russia >> 12/6/2011 - PetroNeft Resources, the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, has announced an update on its operations. ...
French Oil Co. Total Suspends Operation in Syria
Syria >> 12/5/2011 - French oil giant Total announced it was suspending its operations in Syria to be in conformity with European Union sanctions against that country. Total confirmed reports of the suspension but it note...
Angola Gives Oil Firms Time to Adopt New Bank Law
Angola >> 11/30/2011 - Angola will give oil firms, commercial banks and monetary policymakers up to two years to adjust to a new law forcing oil companies to use the country's banking system, Central Bank Governor Jose de L...
Volga Gas Updates Russian Operations
Russia >> 11/30/2011 - Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, has announced the following update on its exploration and development operations. ...
Pre-War Libyan Output Back at End of 2012
Pre-War Libyan Output Back at End of 2012 Libya >> 11/30/2011 - Libya's target of reaching pre-war oil output levels by the end of 2012 is feasible, the country's new oil minister, Abdulrahman Ben Yazza, told Reuters. The former head of a joint venture with Italy'...
Ugandan Kingdom Demands 10 Percent of Oil Revenues
Ugandan Kingdom Demands 10 Percent of Oil Revenues Uganda >> 11/28/2011 - A traditional kingdom where most of Uganda's oil was discovered wants the central government to pay it 10 percent of revenues from the crude reserves once commercial production starts, its spokesman s...

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