Exploration & Production

TAQA reports 42 per cent jump in Q1 net income

Oil drillingAbu Dhabi National Energy Company PJSC (TAQA) reported a jump in net income for the first quarter on the back of climbing oil prices and cost cuts

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Aramco signs purchase agreements worth US$6.93bn

AramcoCoreAreaSaudi Aramco has awarded purchase agreements worth about US$6.93bn to 16 Saudi pressure vessel makers as part of its efforts to boost the domestic private sector and create jobs

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Eni discovers oil at Faghur Basin in Egyptian Western Desert

Eni Faghur BasinEni, a major oil and gas player in Africa, has made an oil discovery on the A-2X exploration prospect which is located in South West Meleiha license, in the Egyptian Western Desert, about 103Km North of the oasis of Siwa

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Winners in Iraq's oil block auction should suppress costs for “competitive” returns, according to GlobalData

Oil RigCompanies which won oil and gas exploration contracts in Iraq’s latest round of auctions will have to keep costs low to realise “competitive” returns, according to GlobalData, a leading data and analytics company

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Law firm Ashurst advises OMV on Abu Dhabi offshore deal

Oil RigLaw firm Ashurst LLP said it has advised Austria’s OMV AG on its deal to buy 20 per cent interest in two offshore concessions for US$1.5bn

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