Industry

BP to invest US$2.85 billion in Iraq’s Rumaila oilfield

bp-futureatlas.com flickrBP has said it will invest US$2.85bn in the development of Iraq’s Rumaila oilfield in 2013, up from US$2.2bn in 2012, a joint management committee for the field announced

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Total takes over Shell’s retail network in Egypt

shell egypt-trondheim byarkiv flickrFrench oil and gas company Total has acquired Royal Dutch Shell’s fuel retail network in Egypt as part of its strategy to strengthen its distribution position in the country and across the wider region

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Chiyoda and CTCI sign US$1.5bn Qatar’s Laffan Refinery 2 deal

refinery qatar-Avishai Teicher wikimedia commonsA joint venture of Japan-based Chiyoda Corporation and Taiwanese CTCI Corporation has been awarded a contract for the engineering, procurement, supply, construction and commissioning (EPSCC) of the US$1.5bn Ras Laffan Refinery 2 (LR 2) project in Qatar

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Saudi oil output increased to 9.3 million bpd in April 2013

barrel saudi-Trevor MacInnis wikimedia commonsSaudi Arabia produced 9.3mn bpd in April 2013, up from 9.14mn bpd in March, oil industry sources have revealed

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INOVA Geophysical appoints regional sales executives for the Middle East and Africa

INOVA Geophysical standINOVA Geophysical has appointed two new regional sales executives for the Middle East and Africa regions

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