Iraq has announced that it aims to increase its crude oil output to four mn bpd in 2015
Exploration & Production
GDI and Oxy Qatar sign renewal contract for offshore jackup rig
Gulf Drilling International (GDI) has signed a five-year extension contract worth $228mn with Occidental Petroleum of Qatar Limited (Oxy Qatar) for jackup rig Al-Wajba for offshore operations
MNP Petroleum begins operations in Tajikistan
MNP Petroleum Corporation announced that its subsidiary CJSC Somon Oil, has commenced operation on its Western license by starting the preparation of the drilling location and access road for its first well in Tajikistan
Algeria launches bids for 31 oil and gas fields
Algeria has announced that it has launched another energy bidding round with 31 oil and gas fields on the offer for foreign companies
Shell and Mubadala Petroleum swap blocks offshore Malaysia
Shell and the UAEs Mubadala Petroleum have swapped equity stakes in two exploration blocks off Malaysia, the companies announced