Significance Yemen is offering radically revised production-sharing agreement (PSA) terms and the opportunity of one-on-one bilateral negotiations with the Ministry of Oil and Minerals (MOM) in order to rekindle IOC—and especially oil-major—interest …Read full article » Yemen: Sunday, April 05 - 2009 @ 11:19
Significance Iraq’s Oil Ministry is reportedly in advanced talks with three to four IOCs about a development contract for the 6.5-billion-barrel Nahr Bin Umar field, while at the same time again trying …Read full article » Iraq: Tuesday, March 24 - 2009 @ 10:06
Significance Saudi Aramco has published its projected oil and gas investments in the upstream and downstream sectors from 2009 through 2014, cutting its expected spending by more than half, compared to expectations in early 2008.
Saudi …Read full article » Saudi Arabia: Thursday, March 19 - 2009 @ 10:44
The four contract packages are valued at a total $9bn, with the largest—the $4.7bn construction contract for the venture’s gas processing plant—being bagged by a consortium of Japan’s JGC Corp. and Italy’s Maire Tecnimont.
The $2.1bn …Read full article » United Arab Emirates: Saturday, July 18 - 2009 @ 17:00