Agreement supports Aramco’s long-term natural gas strategy.
What was originally a proxy war between Washington and Tehran has dangerously become a direct confrontation that is raising concerns about Middle East oil flows.
Chevron said a small contingent of expatriate employees and contractors temporarily left its Kurdistan region operations as a precautionary measure.
The well, which is nearing completion, produced from all zones tested at a maximum combined flow rate of more than 3,900 barrels of oil per day (bbl/d) with 28/64-in. choke, Genel said in a news release.
Halliburton Landmark said Jan. 2 that it presented a multimillion dollar educational software grant to King Abdulaziz University in Saudi Arabia to train and prepare the next generation of Saudi oil and gas engineers and geoscientists.
Crude oil prices climb 5% after the U.S. assassination last week of Iranian commander Qassem Soleimani.
Oil prices jumped nearly $3 on Jan. 3 after a U.S. air strike in Baghdad killed the head of Iran's elite Quds Force.
European governments and Israel last year agreed to proceed with the so-called EastMed project, a $6 billion to $7 billion pipeline project to carry gas from Israeli and Cypriot waters into Europe.
Petrofac said Dec. 31 it won a new contract and the award of an additional scope of work with Petroleum Development Oman, with a combined value of roughly $130 million.
Exxon Mobil, which has had a long-standing downstream presence in Egypt dating back to the beginning of the 20th century, marked its foray into gas exploration in the country in February 2019.