Exploration & Production

BHGE wins three-year contract with Saudi Aramco

11131551896 f6afd0eb5d zBaker Hughes, a GE company, said it has been awarded a major stimulation and well-testing contract by Saudi Aramco

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TransGlobe strikes oil in Egypt

TransGlobe 20TransGlobe Energy Corporation has drilled the South Ghazalat (SGZ) 6X exploration well to a total depth of 5,195 feet and cased the well as a potential Bahariya light oil discovery, the company announced this in a test results for the oil discovery in Egypt

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Wood wins major contract extension for Upper Zakum oil field project

wood 14Wood has secured a multimillion-dollar contract extension from ADNOC Offshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), for services to the UZ750 mega project offshore Abu Dhabi

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Mubadala Petroleum to acquire 20 per cent interest in Egypt’s Nour block

mubadala 13Mubadala Petroleum has announced to purchase a 20 per cent participating interest from Eni’s share in the Nour North Sinai Offshore Area concession, an offshore exploration block in Egypt

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OPEC and non-OPEC states are producing too much oil: Gulf Intelligence survey

john cameron 776256 unsplash‘The OPEC and non-OPEC alliance of 25 countries are currently producing too much oil to reverse an oil price decline that has seen Brent crude fall by about US$10 a barrel over the last month and reduce their total revenue by US$500mn a day’

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