Jun
29

Oil and gas supplies growing

The nation’s crude oil and gasoline supplies increased last week as refinery capacity rose, the Energy Department said Wednesday.

ATP Oil & Gas has completed the drilling phase of a deep-water well in the Gulf of Mexico, marking another milestone in the slow resumption of work in the Gulf.

Jun
29

Turkey signs gas deal with Iraq

The state-run Turkish Petroleum Corporation (TPAO) has signed an agreement with Iraq’s petroleum ministry on the operating rights for the Mansuriya and Siba natural gas fields.

Kuwait Energy, the privately owned oil and gas producer, has signed 20-year contracts to develop two gasfields in Iraq.