Petroliam Nasional Bhd (PET)., the Malaysian state-owned oil company, is studying a Canadian acquisition exceeding $5 billion as part of the company’s drive to supply natural gas to Asia.
Iraqi and Exxon Mobil (NYSE: XOM) officials determined the No. 1 U.S. oil company will be paid in crude oil for the development of the country’s large Qurna-1 oil field. The deal came after protracted negotiations.
In its annual report, Exxon Mobil has today revealed plans to explore for oil in Kurdistan, making it the first major oil company to invest in northern Iraq. The announcement follows months of silence over its investment plans in the region, and will…
Total S.A. has become the latest big oil company to shift the focus of its Iraq ambitions toward semi-autonomous Kurdistan.
French oil major Total SA has become the latest big oil company to shift the focus of its Iraq ambitions toward the semi-autonomous Kurdistan region, and away from the much larger but economically challenging contracts offered by Baghdad.