Genel Energy has announced that it will acquire a 21 per cent interest in the Bina Bawi exploration block in the Kurdistan Region of Iraq from Hawler Energy for US$240mn
Exploration & Production
Calvalley Petroleum provides drilling update on Ras Nowmah 5 well
Canada-based Calvalley Petroleum has revealed that drilling operations of the Ras Nowmah 5 appraisal well have been completed
Kuwait Energy reports 15 per cent increase in revenue
Kuwait Energy has reported a 15 per cent increase in revenue for Q2 2012 compared with the corresponding period last year
Technip-NPCC consortium awarded Upper Zakum field deal
French oil services group Technip, in a consortium with National Petroleum Construction Company (NPCC), has been awarded a contract on the Upper Zakum Project in Abu Dhabi by Zakum Development Company (ZADCO)
Total joins Marathon in Iraqi exploration blocks
Total SA has joined Marathon Oil Corporation in two blocks in the Kurdistan Region of Iraq after it acquired a 35 per cent working (43.75 per cent paying) interest in the Harir and Safen blocks