Iran’s oil output drops to a new low
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).
E&P
Aker Solutions wins Chinese contract for drilling equipment
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.
Seadrill agrees jack-up rig deal in Saudi
Seadrill has signed a US$184mn contract with Saudi Aramco for the employment of its jack-up rig West Callisto offshore Saudi Arabia.
Zadco awards Al Jaber a contract for Zakum oilfield
Abu Dhabi’s Zakum Development Company (Zadco) has awarded a contract to Al Jaber Energy Services, a member of Al Jaber Group, for civil work at the offshore Upper Zakum oilfield.
KNOC signs contract to develop ADNOC oil blocks
Korea National Oil Corporation (KNOC) has signed a contract to develop three undeveloped oil blocks in Abu Dhabi with the Abu Dhabi National Oil Company (ADNOC).
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