Occidental Petroleum (Oxy) and Mubadala Development are pulling out of the joint partnership firm — Tatweer Petroleum — that has managed Bahrain Field operations since 2009
Oxy, Mubadala to hand over oilfield to Bahrain government
Industry
Oil prices hit US$50 for the first time in 2016
Oil prices hit US$50 a barrel on Thursday for the first time in seven months owing to supply disruptions and increased global demand
Saudi, Iraq and Iran 'culprits' in low oil price scenario
By the end of June 2016, oil prices could be up to US$57 a barrel and US$73 by 31 December 2016, but Saudi Arabia, Iraq and Iran are still having an impact on the oil price downturn
Amec Foster Wheeler awarded KOC FEED contract
Amec Foster Wheeler has announced that it has been awarded a front end engineering design (FEED) contract by Kuwait Oil Company (KOC) to upgrade its Oil Gathering Centre GC-24
Bapco and Greenergy enter joint venture in Bahrain
State-owned Bahrain Petroleum Company (Bapco) has announced a strategic joint venture with Greenergy, a large-scale blender of gasoline based in the UK
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