Abu Dhabi launches bidding round of six new oil and gas blocks
The Abu Dhabi National Oil Company (ADNOC) has announced the opening of six new oil and gas blocks for bidding, both onshore and offshore
E&P
IEA's Birol sees US playing larger role in meeting oil demand
Fatih Birol, executive director of International Energy Agency (IEA) said that the US would meet about two-thirds of global oil demand in about five years, signalling that the US producers would continue to fill the gap left by production cuts from OPEC producers and Russia
Bahrain says offshore oilfield could contain 80bbo
Bahrain’s National Oil and Gas Authority (NOGA) said its estimates tight oil amounting to at least 80bbo in what has become the country’s largest discovery of oil and gas ever
Halliburton’s new Stega drill bit to increase drilling efficiency
American multinational oilfield services company Halliburton has released Stega™ advanced drill bit, to optimise the placement of backup cutters to improve bit durability without decreasing drilling efficiency or rate of penetration (ROP)
Ras Al Khaimah government launches first petroleum licensing round
The government of Ras Al Khaimah launched its first petroleum licensing round for 2018 and established the regulator, Ras Al Khaimah Petroleum Authority, for the tendering process amid brisk drilling activity in the region
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