DRILLING & PRODUCTION

Dana Gas posts net loss of $186mn for 2018
Impairment costs caused the company to see a net loss in 2018 despite higher revenue and gross profit figures
BP will reportedly invest $1.8bn in Egypt in 2019
BP CEO Bob Dudley noted that since 2017, BP has invested more in Egypt than any other country
Basrah Gas Company to increase capacity by 40% by reducing gas flaring
The programme will capture flared gas from the three major oilfields Rumaila, West Qurna 1 and Zubair and convert it .....
OPEC Secretary-General Barkindo responds to US "NOPEC" antitrust bill
Barkindo told Reuters that "OPEC is neither a cartel nor involved in the business of fixing oil prices."
Upstream oil and gas M&A and capital raising values totaled $47.9bn in Q4 2018: GlobalData
$27.3bn was registered in mergers and acquisitions (M&A) in Q4 2018, representing a significant decrease of 41% from the $46.2bn .....
ADNOC awards $1.36bn Ghasha construction contract to UAE company
Contract awarded to UAE’s National Marine Dredging Company accelerates development of Ghasha sour gas mega-project

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Oil & Gas Middle East - February 2019

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