‘UAE best job market for UK oil and gas contractors’
The UAE is the most active centre in the Middle East region for the UK’s oil and gas contractors, according to a survey
Industry
KUFPEC secures US$1bn loan for overseas expansion
Kuwait Foreign Petroleum Exploration Company (KUFPEC) has signed a US$1bn loan, which will be used for company’s general corporate purposes and international expansion plans
Halliburton and Baker Hughes merge in US$34.6bn deal
Oilfield services companies Halliburton and Baker Hughes have announced merger for US$34.6bn
‘Middle East to be key oil exporter by 2020’
Middle East will become the major source of oil by 2020 as the USA’s tight oil output and non-OPEC supply will decline worldwide, said International Energy Agency (IEA)
Iraq and KRI sign new agreement on oil exports
Iraq and the semi-autonomous region of Kurdistan Region of Iraq (KRI) have reached a deal that will ease tensions over the regional oil exports and civil service payments from Baghdad, according to Iraq’s finance minister
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