Libyas target to raise production from 600,000 to 1.1mn bpd by the end of 2017 scuppers OPEC and their plans to cut production to deal with the low oil price
OPEC task gets tougher as Libya set to boost oil production
Exploration & Production
ADNOC and Schlumberger sign licensing agreement
The Abu Dhabi National Oil Company (ADNOC) has entered into an agreement with Schlumberger to license ADNOC’s proprietary offshore drilling technology for use in Schlumberger’s portfolio of drilling services
Mott MacDonald to design new Xarajyan oil terminal, Iraq
Mott MacDonald has been appointed by Qaiwan Group to provide engineering, procurement and construction management services for the new Xarajyan oil terminal in Iraqi Kurdistan
Vopak Horizon Fujairah to increase crude oil capacity
Vopak Horizon Fujairah adds 478,000 cbm crude oil capacity, increasing its total capacity to 2.6 million cbm
GE and Baker Hughes create 'world-leading oilfield technology provider'
GE and Baker Hughes agree to create a new fullstream digital industrial services company that is set to be a leader in oil and gas productivity
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