Industry

Security fears lead oil subcontractor to pull out of Libya

mabrukFrench oil subcontractor Ponticelli has pulled out of Libya’s Mabruk field, citing a lack of security and fear of an attack on its employees as the main reason behind its decision

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More than 50 companies to bid for Iraqi oilfield

nassiriyaIraq’s Federal Oil Ministry has announced its plan to auction the Nassiriya oilfield to more than 50 oil companies on 19 December 2013

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Azerbaijani firm to invest in Libyan oil and gas sector

oilgas  D H Wright

Azerbaijan Methanol Company (AzMeCo) has revealed plans to invest in the construction and development of petrochemical and oil refinery plants in Libya

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Iraq’s crude exports decline in March

barrel2Iraq’s crude exports for the month of March 2013 dropped to 2.417mn bpd from 2.538mn bpd in February 2013, according to the latest figures from the country's Federal Oil Ministry 

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Petrofac awarded US$500 million contract offshore Abu Dhabi

offshore-abudhabi optPetrofac has been awarded a US$500mn engineering, procurement, installation and commissioning contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for the Satah Al Razboot (SARB) Package 3 Project offshore Abu Dhabi

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