Future oil price dependant on oil output from MENA: IEA


The International Energy Agency (IEA) in its latest World Energy Outlook (WEO) warned that consumers could face a near-term rise in the oil price to US$150/barrel if MENA investment and output drops.

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Kuwait Energy Q3 2011 results looking up

Kuwait_Energy_Q3_2011Kuwait Energy Company announced its Q3 2011 results with revenues of US$47.9mn, up 33.8 per cent from Q3 2010 and up three per cent from Q2 2011.

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RAK and DNO merger to close in early 2012


RAK Petroleum Public Company Limited and DNO International ASA recently announced that shareholders have now approved their merger and the transaction is on schedule to close in early 2012.

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Expro awarded deal in Iraq with Eni


Expro was awarded its first direct contract win in Iraq with Eni Iraq BV, lead contractor of the Zubair Consortium.

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Q3 reports of top companies - a round up


BG Group's revenue and other operating income increased by 21 per cent to $5 397 million, reflecting the benefit of higher realised prices and a one per cent increase in E&P production volumes.

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