BP has said it will invest US$2.85bn in the development of Iraq’s Rumaila oilfield in 2013, up from US$2.2bn in 2012, a joint management committee for the field announced

French oil and gas company Total has acquired Royal Dutch Shell’s fuel retail network in Egypt as part of its strategy to strengthen its distribution position in the country and across the wider region

A joint venture of Japan-based Chiyoda Corporation and Taiwanese CTCI Corporation has been awarded a contract for the engineering, procurement, supply, construction and commissioning (EPSCC) of the US$1.5bn Ras Laffan Refinery 2 (LR 2) project in Qatar

Saudi Arabia produced 9.3mn bpd in April 2013, up from 9.14mn bpd in March, oil industry sources have revealed

INOVA Geophysical has appointed two new regional sales executives for the Middle East and Africa regions