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Oil Field Services News

Iraq Parliament Panel Wants to Halt 4th Bidding Round
Iraq >> 5/16/2011 - Iraq's gas field auction set for January must be delayed until a new energy law is passed and companies signing new contracts with Iraq do so "at their peril," parliament's energy committee chief said...
Iraq's Oil Deals Going Faster than Planned
Iraq >> 5/14/2011 - Work in Iraqi oilfields being developed by foreign oil companies is going ahead "normally" and faster than contracted, the country's deputy prime minister for energy Hussain al-Shahristani said. ...
Wireline Engineering Sees Major Overseas Growth
Egypt >> 5/12/2011 - Wireline and well intervention technology specialist Wireline Engineering has secured £1.25million worth of international contracts in the last three months and completed first work in a number of new...
Petronor Signs Shell Agreement to Join to Iraq Energy City
Petronor Signs Shell Agreement to Join to Iraq Energy City Iraq >> 5/12/2011 - Petronor FZE, an oilfield services company operating in Iraq, announced today that, following Southern Oil Company (SOC) approval, has signed a contract with Shell to provide offices and accommodation...
KMG EP Withdraws from Akkas Field Negotiations
Iraq >> 5/11/2011 - KMG EP has informed the Ministry of Oil and Gas of the Republic of Iraq and the company Korea Gas Corporation (KOGAS) of its withdrawal from participation in the Akkas Field Development project negoti...
Clyde & Co Appointed on West Qurna2 Field Development
Iraq >> 5/10/2011 - Clyde & Co has been appointed by Lukoil Mid-East Ltd to support them in their development of the West Qurna-2 field in Iraq. With recoverable reserves of 43 billion barrels West Qurna is the second la...
Nexen Halts Production in Yemen Due to Strike
Yemen >> 5/9/2011 - Nexen Inc , Canada's No. 6 independent oil producer, said production has been temporarily shut and operations suspended in Yemen as a result of a strike by a labour union. ...
Melrose Forecast Update in Egypt
Egypt >> 5/6/2011 - In late 2010, the Company acquired new 2D and 3D seismic data over the South East Mansoura concession to improve the definition of the Cretaceous oil play potential. The data quality is excellent and ...
Japan's JGC Signs $213 Mln Algeria Gas Deal
Algeria >> 5/5/2011 - Algerian state energy firm Sonatrach and partners BP and Statoil signed a $213 million contract with Japan's JGC to maintain production levels at Algeria's In Amenas gas fields. ...
Nexen Says Yemen Operations Running at Normal Rate
Nexen Says Yemen Operations Running at Normal Rate Yemen >> 5/4/2011 - Nexen Inc said on Wednesday its oil production in Yemen is unaffected by the shutdown of one of the Middle East country's oil export terminals following a mid-March blast on its main oil pipeline. ...
Saudi Arabia to Pump 9 Million Barrels of Oil in 2011
Saudi Arabia >> 5/2/2011 - Saudi Arabia’s oil production may reach 9 million barrels per day on average in 2011 as global demand increases, said an official at National Commercial Bank, Saudi Arabia’s largest bank by assets. ...
ExxonMobil Recognized an Approach to Develop Block 15
Angola >> 5/2/2011 - The Offshore Technology Conference (OTC) presented ExxonMobil Development Company with a special citation for the development and implementation of the “Design One, Build Multiple” strategy that succe...
Ejected Oil Workers Allowed Back to South Sudan
Sudan >> 4/21/2011 - South Sudan's government has decided to re-admit northern oil workers expelled from the oil-producing Unity state after deadly clashes in the region, the nascent country's petroleum minister said. ...
Kazakhstan Sees End to Karachaganak Dispute in H1
Kazakhstan >> 4/21/2011 - Kazakhstan hopes to settle its protracted dispute with the foreign developers of the lucrative Karachaganak gas field in the first half of this year, Oil and Gas Minister Sauat Mynbayev told reporters...
Eni and Gazprom to Put Elephant Project On Hold
Libya >> 4/20/2011 - The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. ...
Strong US Helps Halliburton Overcome Libya Impact
Libya >> 4/18/2011 - Halliburton Co's (HAL.N) quarterly profit topped Wall Street forecasts as a surge in the oilfield services company's North American operations overshadowed the impact of a shutdown in Libya.

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Tanzania to Guard Oil, Gas Ships from Pirates
Tanzania >> 4/17/2011 - Tanzania has ordered its army to escort ships searching for oil and gas off its coast to protect them from Somali pirates. The East African country has licensed at least 17 international companies to ...
Libyan Rebels Make Renewed Push for Oil Port Brega
Libya >> 4/16/2011 - Libyan rebels made a renewed effort to push towards the oil port of Brega on Saturday while Muammar Gaddafi's forces pounded besieged Misrata to the west with rockets and mortars, a rebel spokesman sa...
Iraq Plans Fourth Bidding Round for Energy Projects
Iraq >> 4/14/2011 - Iraq will issue invitations to international energy companies to show interest in new gas exploration contracts in a fourth bidding round, with responses due on May 19, an Iraqi oil official said. ...
PEDEC to Ink a Contract to Develop Changuleh Field
Iran >> 4/9/2011 - The managing director of the Petroleum Engineering And Development Company (PEDEC) says the company is likely to sign a $1.5 billion contract with and Iranian led consortium to develop Azar oil field ...

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