Middle East & South Asia

A tribunal of the London Court of International Arbitration ordered the Kurdistan Regional Government (KRG) to pay $1.98bn to a consortium including UAE-based Dana Gas in a dispute with regard to the development rights for two oil and natural gas fields in Iraq. As ordered by the court, KRG will…
Penspen has secured a contract to carry out a front end engineering design (FEED) study for further development of the Ghana natural gas interconnected transmission system. Bulk Oil Storage and Transportation Company (BOST) holds Ghana's Natural Gas Transmission Utility licence and operates the nation's first country-wide gas transmission network. Ghana…
Australia-based WorleyParsons has secured a contract for Bahrain Petroleum Company's (BAPCO) modernisation programme. WorleyParsons expects A$120m ($87m) revenue from the contract. The company will serve as a project management contractor (PMC) and assist BAPCO to manage, monitor and appraise the activities of the front end engineering design contractor. "We are…
United Arab Emirates-based Mubadala Petroleum and China National Petroleum (CNPC) have signed an agreement to cooperate in the oil and gas exploration and production sector. Under the strategic co-operation agreement signed, the companies will identify potential areas for collaboration in the upstream oil and gas sector outside of the UAE.…
The $10bn Barzan gas project in Qatar is set for start in 2016 with full output expected in 2017. The project is being developed by a joint venture (JV) of Qatar Gas and ExxonMobil, which appointed RasGas as the project manager and would be responsible for operating the plant once…
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