Japan’s Bank for International Cooperation (JBIC) has signed a US$2.1bn loan agreement with Abu Dhabi’s ADNOC to secure long-term oil supplies
JBIC signs loan agreements with ADNOC to renew oilfield concessions
Exploration & Production
Iraq eyes PetroChina and ExxonMobil to fund EOR project
Iraq, OPEC’s second-largest producer, has approached PetroChina and ExxonMobil to invest in a multi-billion-dollar project to boost output from its smaller southern oilfields, a senior Iraqi oil official said
Iran to open up oil and gas sector first to foreign companies
Iran’s oil and gas sector will be the first to open up to foreign investment, generating the much needed cash to fund other infrastructure projects, according to a panel of Iranian experts
Algeria’s Bir Seba field produces commercial oil
PetroVietnam Exploration Production (PVEP) Corporation has announced the first flow of commercial oil from Bir Seba oilfield in Algeria
OptaSense signs agency agreement with GASOS
OptaSense, a QinetiQ company specialising in Distributed Acoustic Sensing (DAS), has entered an agency agreement with Abu Dhabi’s Gulf Automation Services and Oilfield Supplies (GASOS)
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