Weatherford International Plc has signed an 18-month contract with the Iraqi Drilling Co. (IDC) on July 13 to provide services and project management for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.
On July 12, the U.S. Libya embassy said the resumption of the blockade came after "days of intense diplomatic activity" to let NOC resume output, and said it "regrets that foreign-backed efforts" had impeded this.
Here’s a snapshot of recent energy deals including the acquisition of Dominion's natural gas transmission and storage segment by Warren Buffett’s Berkshire Hathaway in a transaction worth nearly $10 billion.
Check out the latest oil and gas drilling activity highlights from around the world featured in the July issue of E&P including two significant oil discoveries offshore Mexico and Chesapeake Energy Marcellus Shale completions in Pennsylvania’s Susquehanna County.
Major oilfield service companies agree that the Middle Eastern region will be less severely impacted by the downturn compared to other regions.
Here’s a snapshot of recent energy deals including a $5 billion divestiture by BP as the London-based major shifts its focus to low-carbon energy.
The technology platform enables well-testing control to deliver real-time downhole measurements.
In May, Chinese refineries received their first crude cargo from the U.S. since November, of around 550,000 tonnes, the customs data released late on June 25 showed.
While some oil producers in the Gulf region have taken a massive hit, others are scaling back projects in an effort to survive.