Maxim Resources has entered into a heads of agreement (HOA) with First Sahara Energy (FSE) to acquire its 100 per cent interest on the Beni Znassen Block in Morocco
Exploration & Production
HKN Energy Limited declares Kurdistan Region of Iraq’s Swara Tika wells commercial
HKN Energy Limited has announced that the Swara Tika wells in Kurdistan Region of Iraq’s Sarsang Block are commercial discoveries
QP to spend US$11 billion to revamp offshore oilfield
State-owned Qatar Petroleum (QP) will invest over US$11bn to redevelop the Bul Hanine offshore oilfield to increase its output
Apache Corporation makes discoveries in Egypt again
Apache Corporation has made yet two other hydrocarbon discoveries — Herunefer-1X and BAT-1X — in Egypt’s Western Desert
CNPC acquires Abu Dhabi oilfields rights
China National Petroleum Corporation (CNPC) has secured the rights to produce and export oil from Abu Dhabi in the UAE