Industry

Future oil price dependant on oil output from MENA: IEA

oil-production

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_DNO

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

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

Q3_reports

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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