In the last year, the pace of development in the southern Iraq oilfields has been remarkable.
Industry
Saudi oil capacity to fall: Goldman Sachs
Goldman Sachs stated that Saudi Arabias abundance of spare oil capacity could be wiped out if the kingdom ramps up its production to 10mn bpd.
Shoaibi Group signs deal with Emerson Process Management
Shoaibi Group signed a distribution agreement with Emerson Process Management to offer a complete line of multi-phase flow meters and products for reservoir management and production optimisation in Saudi Arabia.
Chevron outlines spending plans
Chevron discussed its strategy and spending plans for 2011 and revealed the extent of the restructuring programme the company introduced in 2010.
MIS Kuwait signs contracts with Weatherford
UAE-based MIS Group (Maritime Industrial Services) signed two contracts in its Kuwait business with Weatherford Drilling International Ltd., through Weatherfords Kuwait branch, United Precision Drilling Company.
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