Exploration & Production

IEA's Birol sees US playing larger role in meeting oil demand

FatihFatih Birol, executive director of International Energy Agency (IEA) said that the US would meet about two-thirds of global oil demand in about five years, signalling that the US producers would continue to fill the gap left by production cuts from OPEC producers and Russia

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Bahrain says offshore oilfield could contain 80bbo

Bahrain Oil rigBahrain’s National Oil and Gas Authority (NOGA) said its estimates tight oil amounting to at least 80bbo in what has become the country’s largest discovery of oil and gas ever

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Halliburton’s new Stega drill bit to increase drilling efficiency

hali drilAmerican multinational oilfield services company Halliburton has released Stega™ advanced drill bit, to optimise the placement of backup cutters to improve bit durability without decreasing drilling efficiency or rate of penetration (ROP)

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Ras Al Khaimah government launches first petroleum licensing round

ND RAK GasThe government of Ras Al Khaimah launched its first petroleum licensing round for 2018 and established the regulator, Ras Al Khaimah Petroleum Authority, for the tendering process amid brisk drilling activity in the region

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Gulf Oil International's unit signs distribution deal with ANGE in the UAE

Gulf Oil Image 02Gulf Oil Middle East Ltd said it has signed a deal with Al Naboodah Group Enterprises (ANGE) under which ANGE will distribute Gulf Oil’s automotive and industrial lubricants in the UAE

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