Industry

UAE committed to oil growth, says Schlumberger GM

Husseins-Picture-1The UAE is committed to increasing oil production to 3.5mn bpd by 2017, according to the general manager and vice president of Schlumberger UAE

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Oil firms' decisions based on 'untrustworthy' data, claims Oracle study

Rumalia oil field IraqA survey undertaken by Oracle Corporation has revealed that close to 50 per cent of oil and gas executives have, in the past few years, been making decisions based on data they do not trust

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Vitol ‘apologises for Kurdistan Region of Iraq oil purchase’

Image source: Vitol.Dutch energy company, Vitol, has reportedly apologised to the Iraqi government for buying oil from the Kurdistan Region of Iraq without Baghdad's permission

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Shelf Drilling acquires 38 rigs from Transocean for US$1.05 billion

Shallow-water rigShelf Drilling has announced the closing of its US$1.05bn acquisition of 38 shallow-water rigs from Transocean Ltd

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TAQA to generate US$2 billion from bond

Oil rigAbu Dhabi National Energy Company (TAQA) plans to raise US$2bn from a two-part bond in order to help it meet the high demand it has been experiencing from the international market

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