Petrofac and Schlumberger announced that under a new deal they would be combining their production services and enhancement arms to address new market opportunities.

The 4th oil and gas auction in Iraq, initially scheduled to take place on March 7-8, has been pushed back to April 11-12, 2012.

Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy & Industry, launched Qatars first Sustainable Development Industry (SDI) Report that covers the various sustainability initiatives and projects undertaken by energy & industry stakeholders operating in the country.

Gulf Petrochem Group has signed an investment agreement with the Government of Fujairahs subsidiary Fujairah Petroleum Company (FPC) which sees FPC buy a 12 per cent stake in its upcoming storage terminal project in Fujairah.

Lukoil has awarded Piling Tech, a unit of UAE-based Tech Group, its first oil contract in Iraq valued at US$10mn.