TAQA has announced that it plans to invest more than US$300mn for the Phase 1 development of Atrush oilblock in the Kurdistan Region of Iraq
Exploration & Production
Egypt ratifies TransGlobe Energy Corporation’s four production sharing concessions
Egypt has ratified TransGlobe Energy Corporation’s four production sharing concessions (PSCs), which the firm won in the 2011/2012 Egyptian General Petroleum Corporation (EGPC) bid round
Maersk Oil Qatar signs a two-deal with Gulf Drilling International
Maersk Oil Qatar (MOQ) has signed two new offshore Qatar rig contracts worth US$206mn with Gulf Drilling International (GDI)
Production at Iraq’s Majnoon oilfield rises to 175,000 bpd
Anglo-Dutch oil and gas giant Royal Dutch Shell has announced that production at its Majnoon oilfield in Iraq has risen to 175,000 bpd
Libya's NOC interested in Marathon Oil stake in Waha Oil
Libyas oil minister Abdelbari Arusi has revealed that the countrys National Oil Corporation (NOC) is considering the purchase of US oil major Marathon Oils stake in the Waha Oil Company