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
Exploration & Production
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)
BP Egypt to acquire further interest in West Nile Delta project
BP Egypt has announced the completion of its ownership of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from DEA Deutsche Erdoel AG
OPEC to maintain current oil output despite price slump
OPEC has announced that it will maintain current oil output at a meeting last week, rather than cut production to lift sagging crude prices