Iraq gives deadline to Shell to finalize gas deal


Iraq has warned Royal Dutch Shell it needs to finalize a US$12 billion gas deal by next week or negotiations over the agreement would be cancelled, the country's deputy oil minister said.

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ENI to drill 68 new oil wells in Iraq


Italy's ENI is speeding up work in Iraq's Zubair oilfield despite ageing facilities there and plans to drill about 68 new oil wells through next year to increase production, Iraqi officials said.

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Vallourec to acquire Zamil Pipes


Vallourec agreed a deal to acquire Saudi Seamless Pipes Factory Company Limited (Zamil Pipes), the first processing company of seamless OCTG(1) in Saudi Arabia.

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Tyco to buy KEF Holdings in the UAE


Tyco International Ltd agreed to acquire a 75 per cent equity stake in privately-held KEF Holdings Ltd. for approximately US$300mn in cash.

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RAK Petroleum sees Q1 profits


RAK Petroleum Public Company Limited, announced net operating profits of US$5.1mn for the quarter ended 31 March 2011 on turnover of US$17.1mn.

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