Occidental Petroleum Corporation (Oxy) has announced that it has plans to sell a 30 per cent to 40 per cent stake in its Middle East oil and gas operations as part of a broader plan to split up the company
Industry
Qatar’s crude output ‘to reach 800,000 bpd by 2017’
Qatar’s crude oil production will rise to 800,000 bpd by 2017 due to higher investments and development plans in the country, according to a Qatar National Bank (QNB) report
Sea Dragon Energy sells its Egyptian concession stake
Sea Dragon Energy has signed an agreement with a private company to sell its 50 per cent participating interest in Kom Ombo Concession onshore Egypt
Saudi Aramco awards Tanajib data transfer and visualisation contract
Saudi Aramco has awarded a three-year contract to its agent Tanajib to provide the real-time data transfer and visualisation solution for its entire fleet of rigs
Pre-qualification for Iraq to Jordan pipeline concluded
Iraqs oil ministry has pre-qualified 12 companies and joint ventures to build an US$18bn export pipeline from Haditha, near Baghdad, to Jordan
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