Exploration & Production

Mubadala Petroleum to take stake in unit of Russia's Gazprom

Gazprom HQMubadala Petroleum, a unit of UAE's sovereign wealth fund and Russian Direct Investment Fund (RDIF) signed they would create a joint venture with PJSC Gazprom Neft to explore oil fields in the Tomsk and Omsk regions of Russia

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Licensing round receives interest on "global scale": RAKPA

RAK Licensing roundRAK Petroleum Authority said that its licensing round for oil and gas concessions has received "positive interest on a global scale" and interest from international energy companies

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Oil price drop did not impact UAE growth: Moody's

Dubai genericCredit rating agency Moody's said in a report that the drop in oil prices after 2014 did not change the direction of its medium-term real growth as the economy is supported by large surpluses

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Digital technologies to shave costs for energy companies

Oil TechConsulting firm McKinsey said that digital technologies are set to help energy companies cut costs

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KBR gets contract to develop Iraq oilfield

Iraq OilEnergy services company KBR Inc said it was awarded a contract by Basra Oil Company (BOC) to develop the Majnoon Oil Field in Basra

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