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Oil Field Services News

Iraq to Hold Mini-Auction for Nassiriya Field
Iraq >> 9/11/2011 - Four international oil companies have shown interest in developing the Nassiriya oilfield and Iraq may hold a mini-auction for the field, senior oil official said. Iraq has made a number of attempts t...
Libya Plans Shake-Up of Oil Sector
Libya Plans Shake-Up of Oil Sector Libya >> 9/8/2011 - Libya's interim government is drafting a proposal that would shrink the responsibilities of the National Oil Corp (NOC) to make it a purely commercial organisation, a member of the interim government ...
Repsol in Talks to Restart Libya Oil Operations
Libya >> 9/7/2011 - Spain's Repsol says executives are meeting in Libya with officials about the resumption of the firm's oil production and export operations. Company spokesman Kristian Rix says the meetings with Libya'...
Lockerbie Bomber Megrahi Release over BP Oil Deal
Lockerbie Bomber Megrahi Release over BP Oil Deal Libya >> 9/6/2011 - There have been fresh allegations about the circumstances surrounding the release of the Lockerbie bomber. A former Libyan foreign minister claims the release of Abdelbaset Ali al-Megrahi was discusse...
Kuwait’s Crude Oil Shipments to Japan Highest in 22-Months
Kuwait >> 8/31/2011 - Kuwait's crude oil exports to Japan hit a 22-month high in July, surging 50.8 percent from a year earlier to 10.28 million barrels, or 332,000 barrels per day (bpd), for the second consecutive monthly...
COSLPioneer Commences Operation in Norway
Norway >> 8/29/2011 - China Oilfield Services Limited announced that its semi-submersible drilling platform COSLPioneer has commenced operation after fulfilling the technical requirements of Statoil ASA, a Norwegian energy...
Eni signs Memorandum with the Libyan NTC
Eni signs Memorandum with the Libyan NTC Libya >> 8/29/2011 - Eni and the Libyan National Transitional Council (NTC), which is recognized by Italy and the international community as a legitimate representative of the Libyan people, signed a Memorandum that stren...
Libya Plans to Ship Crude from Tobruk by End-Sept
Libya Plans to Ship Crude from Tobruk by End-Sept Libya >> 8/28/2011 - Libya plans to restart production at two eastern oil fields in mid-September and resume shipping oil from Tobruk by the end of the same month, offering relief to European countries reliant on its impo...
Jordan, Egypt to Sign Natural Gas Deal
Jordan, Egypt to Sign Natural Gas Deal Egypt >> 8/28/2011 - New deal will place a greater premium on Egypt's natural gas, which supplies 80 per cent of Jordan's energy needs Jordan's energy czar says his country will sign an agreement with Egypt next month to ...
Kuwait''s Crude Oil Exports to China Fall 36.6 Percent
Kuwait >> 8/25/2011 - Kuwait's crude oil exports to China fell 36.6 percent in July from a year earlier to 524,000 tons, equivalent to around 124, 000 barrels per day (bpd), Chinese government data showed. Kuwaiti share of...
Kuwait Doubles Crude Oil Exports to S. Korea
Kuwait >> 8/24/2011 - Kuwait's crude oil exports to South Korea doubled in July from a year earlier to 10.62 million barrels, or 343,000 barrels per day (bpd), according to latest data released by the state-run Korea Natio...
ENI Leads Libya Oil Race; Russia, China May Lose Out
ENI Leads Libya Oil Race; Russia, China May Lose Out Libya >> 8/22/2011 - Italian oil company Eni led the charge back into Libya on Monday as rebels hailing the end of Muammar Gaddafi's rule warned Russian and Chinese firms that they may lose out on lucrative oil contracts ...
KOC: Seepage Under Control
Kuwait >> 8/21/2011 - Kuwait Oil Company (KOC) announced it controlled an oil seepage that occurred at 6:15 am in well number 358 near the gathering center 19 of Burgan area. KOC told Kuwait News Agency (KUNA) that the see...
Lonrho to Develop a New Oil Logistics Port in Ghana
Ghana >> 8/18/2011 - Lonrho Plc is pleased to announce that its wholly owned subsidiary, Lonrho Ports Ltd, has signed a Memorandum of Understanding with the Government of Ghana, represented by the Minister of Transport, t...
Darkhovain Oilfield’s Third Phase Development Contract Signed
Iran >> 8/16/2011 - A contract worth about 1.6 billion dollars was signed on development of Darkhovain oil field’s phase three in the presence of Iran’s minister of petroleum Rostam Qasemi. ...
Azar Oilfield’s Contract to Be Signed in Next Two Weeks
Iran >> 8/16/2011 - The managing director of the Petroleum Engineering and Development Company (PEDEC) Naji Sadouni says development contract of Azar oil field will be signed in next two weeks. ...
Kuwait Denies Oil Development with Iran
Kuwait >> 8/8/2011 - Assistant Undersecretary of the Ministry of Oil for Technical Affairs Ali Bin Sabt denied news reports circulated recently by some local and international newspapers quoting an official at National Ir...
Iran to launch largest South Pars Phase
Iran >> 8/6/2011 - The biggest phase of South Pars gas field will come on stream in October 2012, Managing director of Pars Oil and Gas Company (POGC), Mousa Souri said. ...
BG Confident of Resolution to Karachaganak Dispute
Kazakhstan >> 7/26/2011 - BG Group is confident of resolving a dispute with Kazakhstan over the Karachaganak gas project before the end of the year, the British oil and gas firm's chief executive said. 'There are intensive neg...
Liberia Marks out New Oil Blocks, Auction Seen Soon
Liberia >> 7/20/2011 - Liberia has marked out 13 new, ultra-deep offshore oil blocks and will soon auction about half of them to international oil firms, the head of the West African country's oil company told Reuters on We...

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