The agreement is for exploration and production of oil and gas from two blocks in Diyala governorate and one in Basra governorate
Upstream business
Latest in Upstream business
AI in energy sector
Bahrain energy firm signs deal for AI oil drilling technology
Under the collaboration pact, nogaholding will utilise the latest AI technologies provided by AIQ to increase the operational efficiency of its subsidiary, Tatweer Petroleum
Dragon Oil
Dubai’s Dragon Oil renews contract in Turkmenistan in $1 billion deal
Under the deal, $500 million will be paid in cash, and the rest will be paid over the next 13 years
Atlantic Council Global Energy Forum
Energy transition without energy security will not succeed: expert
Energy shocks, geopolitical conflict, and inflationary forces have underscored the need for greater resilience in energy systems as well as smart carbon transition policies, Majid Jafar, the CEO of Crescent Petroleum, said
Dragon Oil
Dubai’s Dragon Oil plans production surge to 300,000 bpd by 2026
CEO Ali Rashid Al Jarwan said he expects a boost in revenues, driven by the global crude oil prices rise to $75 per barrel recently
Gas production
Saudi Aramco splits its gas business amid chemicals expansion
Saudi Arabian Oil Co. will create two new divisions, named Southern Area Gas Operations and Northern Area Gas Operations, according to sources