Exploration & Production

OPEC decides on new crude production level of 30mn bpd

OPEC_crudeOPEC ministers agreed to a new crude production ceiling of 30mn bpd that covers all 12 members, including Libya and Iraq.

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Shell signs exploration deal with Turkey

oilfieldShell and Turkish Petroleum Corporation (TPAO) signed a deal to conduct oil and natural exploration in the south east of the country and off its Mediterranean coast.

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Aggreko Middle East awarded ADCOP load testing contract

Aggreko_ProjectAggreko has been awarded the Abu Dhabi Crude Oil Pipeline (ADCOP) load testing contract by China Petroleum Engineering & Construction Corporation (CPECC).

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Oil exports in Iraq rebound in October

oil_barrelIraq's oil exports rebounded in October after a sharp drop in September, but remained lower than previous months, government figures showed.

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Yemen creates new E&P firm

off-shore-rigThe Yemeni government agreed to establish the Masila Company for Petroleum Exploration and Production (PetroMasila) at block 14 in Masila area, Hadramout province.

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