Exploration & Production

Technip wins US$500mn Satah field development project contract

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Zakum Development Company (ZADCO) awarded Technip and its consortium  with National Petroleum Construction Company (NPCC) an engineering, procurement and construction lump sum contract for the Satah Full Field Development project.

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Reliance pulls out of Omani offshore oil project

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India's Reliance Industries has decided to drop out of plans to develop an offshore oil exploration block in Oman six years after signing a production sharing agreement with the government.

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Iraq's oil exports fall in July

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Iraq’s oil ministry said that the country’s oil exports in July compared to the previous month but oil revenues increased as average crude prices rose.

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Kuwait Energy makes two oil finds in Egypt

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Kuwait Energy Company KSCC (Kuwait Energy) made two oil discoveries in the GPZZ-4 and Al Ahmadi-1 wells located in the Abu Sennan concession in the Western Desert, Egypt.

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Saipem awarded US$472mn Iraq contract

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Iraq has awarded a US$472mn contract for an oil export facility expansion and sub-sea pipeline to the Italian group Saipem, a subsidiary of oil group Eni.

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