Total posted a 7 per cent increase in profit on higher crude prices and announced that its net income for 2011 was US$15.9 billion, a 17 per cent increase over 2010.
Exploration & Production
Kuwait Energy makes another discovery in Egypt
Kuwait Energy has made an oil well discovery in the Western Desert in Egypt. Iran starts production on shared oilfields
Iran started preliminary production in the Yadavaran oilfield in the southwest that is shared with Iraq, with the opening of a first well.
Harvest Omani drilling operations ahead of schedule
Harvest Natural Resources is seeing good progress in its drilling operations at Al Ghubar North-1 (AGN-1) exploration well onshore Oman, the company said.
p>Harvest Natural Resources is seeing good progress in its drilling operations at Al Ghubar North-1 (AGN-1) exploration well onshore Oman, the company said.Iraqi oil output and exports increased in 2011
Iraqs crude oil production rose to an average 2.65mn bpd in 2011, an increase of 12 per cent over 2010, while exports shot up by 14 per cent to 2.165mn bpd, according to Platts.
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