International

Abu Dhabi NMDC bags $21. 5mln dredging contract in Egypt

Abu Dhabi-based National Marine Dredging Company (NMDC) announced on Thursday that it has been awarded 79-million-UAE-dirham ($22 million) contract for dredging works at the entrance to the navigation channel and the trench of the quay wall in Safaga Port in Egypt.

Iraq to acquire Exxon Mobil stake in West Qurna oilfield -minister

The Iraqi government has given its approval for the Iraqi National Oil Company to acquire Exxon Mobil Corp stake in the giant West Qurna oilfield, Oil Minister Ihsan Abdul Jabbar said on Wednesday.

NPCC awarded $2.23bn contract by Saudi Aramco

National Petroleum Construction Company, which is wholly owned by the National Marine Dredging Company, was awarded a major contract by Saudi Aramco for works related to the Zulf marine field in the kingdom.

Russian annual oil output recovers in 2021 after slump

Russia annual oil production rose by more than 2 percent last year thanks to the easing of output cuts by the OPEC group of leading oil producers after a pandemic

Russian pipeline faces big hurdles amid Ukraine tensions

The pipeline is built and being filled with natural gas. But Russia’s Nord Stream 2 faces a rocky road before any gas flows to Germany, with its new leaders adopting a more skeptical tone toward the project and tensions ratcheting up over Russia’s troop buildup at the Ukrainian border.

Libyan NOC declares force majeure on Zawia and Mellitah crude exports

National Oil Corp (NOC) has declared force majeure on crude exports from the Zawia and Mellitah terminals, a document sent to traders and seen by Reuters showed on Monday

ExxonMobil, Qatar sign Cyprus gas deal

US giant ExxonMobil and Qatar Energy signed a contract on Friday for oil and gas exploration and production-sharing off the divided island of Cyprus.

Jordan to explore for oil in two areas in February, minister says

Jordan will begin oil exploration in two areas, Al-Jafr and Al-Sarhan