Abu Dhabi finishes oil pipeline
Abu Dhabi finished construction of a pipeline that runs across the emirate and will transport large quantities of crude from the countrys oilfields directly to the coast.
Abu Dhabi finished construction of a pipeline that runs across the emirate and will transport large quantities of crude from the countrys oilfields directly to the coast.
The continuing unrest in Libya has resulted in production at Libyan oilfields being cut by more than half according to the IEA.
Schlumberger, the oil services firm, has been awarded a contract to drill 10 wells in Iraqs West Qurna Phase One oilfield by ExxonMobil and its partners.
Libya does not intend to issue any new oil concession licences this year according to the chairman of the countrys National Oil Corporation (NOC) Shokri Ghanem.
Jordan is pushing ahead with a scheme to supply up to 14 per cent of its energy needs from oil shale as the country is looking at ways to not be so reliant on imports of oil and gas from Gulf countries.