A massive revision of Iraqs oil wealth boosted the overall Arab recoverable crude deposits by nearly 29 billion barrels at the start of 2011 but the regions proven gas resources remain almost unchanged.

BG Group provided an update on its strategy in the gas and LNG market which will help the company achieve its goals.

Sonatrach is looking to invest US$68 billion in the countrys energy sector over the next four years, according to its chief executive.

Kuwait Energy and National Oilwell Varco (NOV) have both reported higher Q4 revenues, rising 27 per cent and 30 per cent respectively.

Emerson Process Management has signed a Memorandum of Understanding (MoU) with the Petroleum Institute of Abu Dhabi (PI), to support the PI engineering programs through technology transfers, and development programs that bring industry and academia together.