Exploration & Production

Sonatrach strengthens ties with BP, Statoil in Algeria

Algeria GasAlgeria’s state-run oil and gas company Sonatrach has signed a memorandum of understanding with Norway’s Statoil and BP Exploration (El Djazair) Limited, aiming to boost up upstream exploration activities in Algeria

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BP licenses its latest generation PTA technology in Turkey

port arthur 1584098 640BP and Socar Turkey Enerji AS have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology

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Meethaq signs agreement to finance oil and gas project in Oman

Oman BlockMeethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has signed an Islamic project financing facility with Hydrocarbon Finder E&P LLC (HCF) for the development of HCF’s oil and gas fields in Block 7 of Oman

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Japan’s INPEX wins 10 per cent oil stake in Abu Dhabi

ZakumThe Abu Dhabi National Oil Company (ADNOC) has awarded 10 per cent interest in Abu Dhabi’s offshore Lower Zakum concession to Japan’s Inpex Corporation (INPEX)

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GE and Noble launch world’s first digital rig

GE and NobleGE and Noble Corporation plc have launched the world’s first digital drilling vessel, aiming to achieve 20 per cent operational expenditure reduction across the targeted equipment and improve drilling efficiency

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