International oil and gas service provider Petrofac has entered into two strategic contract agreements with Algerian state-owned explorer Sonatrach to develop hydrocarbon programmes in the North African country
Exploration & Production
ADNOC awards Total more stake in renewed ADCO Concession deal
The Abu Dhabi National Oil Company (ADNOC) and French oil major Total have renewed the 40-year Abu Dhabi Company for Onshore Oil Operations (ADCO) Concession Agreement for onshore oilfields in the emirate
Petrofac wins US$4bn heavy oil project in Kuwait
UK-based oil and gas services provider Petrofac has won a US$4bn contract for the first phase of Kuwait Oil Company’s (KOC) Lower Fars heavy oil development programme, located in north Kuwait
Death of Saudi Arabia’s king unlikely to change country’s oil policy, says report
The appointment of Ali Ibrahim Al-Naimi as the minister of petroleum of Saudi Arabia following the death of King Abdullah bin Abdulaziz Al Saud suggests that there will be no change in the Kingdom’s oil policy, said market research provider Platts Analysis
Eni discovers oil and gas in Egypt’s Western Desert
Italian oil and gas company Eni has struck oil and gas in the West Melehia deep exploration prospect, which is located at the Melehia Licence in Western Desert of Egypt
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