German oil and gas company Wintershall has restated its commitment to post-Gaddafi development in Libya as it looks to ramp its oil production in the country back up to pre-revolution levels
McDermott International and Daewoo Engineering and Construction have reportedly signed contracts to build facilities to recover gas from Hout oil field, according to industry sources.
Gazprom Neft announced that it had reactivated its third well, Bd1, at the Badra field located in Wassit Province in Eastern Iraq.
Oil production in Iran has dropped to a new low in February with crude output falling by 50,000 bpd to 3.38mn bpd, according to the International Energy Agency (IEA).
A subsidiary of Honghua Holding of China has awarded Aker Solutions a US$64mn contract to deliver high specification drilling equipment components for seven new onshore drilling rigs in the region.
