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Middle East


Petrofac Secures US$160 million Award from Basra Oil Company
Iraq >> 12/13/2017 - Petrofac’s Engineering & Production Services (EPS) division has secured an award worth US$160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export...
Petrofac Awarded $800M Contract for Khazzan Gas Field
Petrofac Awarded $800M Contract for Khazzan Gas Field Oman >> 12/12/2017 - Petrofac has been awarded a lump-sum contract worth approximately US$800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultana...
Production from Tawke Licence has Tripled to 15,000 bopd
Iraq >> 12/11/2017 - Production from the Peshkabir field in the Tawke licence in the Kurdistan Region of Iraq has tripled to 15,000 bopd following completion of the Peshkabir-3 well testing, stimulation and clean-up progr...
Kuwait Replaces Oil and Finance Ministers
Kuwait >> 12/11/2017 - Kuwait replaced its oil and finance ministers in a cabinet reshuffle, state news agency KUNA reported. Bakhit al-Rashidi was appointed the new oil minister of the OPEC member state and Nayef Falah al-...
Kuwait Looking into Importing Iraqi Natural Gas
Kuwait >> 12/11/2017 - The State of Kuwait is looking into ways to import Iraqi natural gas and it is negotiating a deal on the final price, said Kuwaiti Minister of Oil and Minister of Water and Electricity Essam Al-Marzou...
Saudi Arabia to Supply Full Jan Crude Volumes to Several Asian Buyers
Saudi Arabia >> 12/11/2017 - Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge...
TechnipFMC Opens New Facility to Support Middle East Market
United Arab Emirates >> 12/11/2017 - TechnipFMC officially opened its fully capable Surface International Facility in ICAD II as part of its continued investment in the UAE to reinforce TechnipFMC’s leading position in delivering local s...
Energean Signs Gas Sales Contracts for Karish & Tanin Development Project
Israel >> 12/7/2017 - Energean Oil & Gas is pleased to announce that Energean Israel has signed further Gas Sales and Purchase Agreements (“GSPAs”) for natural gas supply from the Karish and Tanin fields, offshore Israel. ...
CB&I Announces EPC Award for Saudi Aramco Shell Refinery in Saudi Arabia
Saudi Arabia >> 12/7/2017 - CB&I (CBI) announced it has been awarded a contract for more than $95 million by Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction manageme...
Iraq and Iran Negotiating Start Date for Kirkuk Oil Exports
Iraq >> 12/6/2017 - The head of Iraq’s state oil marketer SOMO is currently holding talks in Iran to determine a start date for oil exports from Iraq’s Kirkuk oilfields, Iraqi Oil Minister Jabar al-Luaibi said. ...
Magseis Awarded Contract Extension for New OBS Survey in the Red Sea
Saudi Arabia >> 12/5/2017 - Magseis has together with is partner, BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data in the Red Sea. ...
TechnipFMC Awarded Bapco Sitra Refinery Expansion in Bahrain
Bahrain >> 12/4/2017 - TechnipFMC announced that, jointly with Samsung Engineering and Tecnicas Reunidas, it has been awarded a $4.2 billion USD contract from Bahrain Petroleum Company (Bapco) for the Bapco Modernization Pr...
Genel Energy Finds More Oil in Taq Taq Field
Iraq >> 12/4/2017 - Genel Energy plc has announced an update on activity at the Taq Taq field (Genel 44% working interest). The TT-29w well, which was drilled to appraise the northern flank of the Taq Taq field, has been...
Ampelmann Secures Contract with North Oil Company’s Al Shaheen Field
Qatar >> 12/4/2017 - Ampelmann has secured a contract to supply its A-type gangway system to North Oil Company (NOC) on the chartered Bourbon Gulf Star DP2 72 PAX support vessel. ...
Iran Signs Oil Swap Deal with Iraq Soon
Iraq >> 12/3/2017 - Iran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. The announceme...
Iran Signs Oil Swap Deal with Iraq Soon
Iraq >> 12/3/2017 - Iran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. ...
Iraq Aims to up Rumaila Oilfield Output to 1.5 mln bpd in 2018
Iraq >> 11/29/2017 - Iraq is planning to increase production from the giant Rumaila oilfield to about 1.5 million barrels per day (bpd) in 2018, the head of Rumaila operations said. Rumaila oilfield, developed by Britain’...
Kuwait and UAE Oil Demand - November 2017
Kuwait and UAE Oil Demand - November 2017 Kuwait >> 11/29/2017 - Oil requirements also increased in Kuwait and the UAE by 3% and 2%, respectively, y-o-y as growth in the transportation fuels appeared to be the main source of support in both countries. ...
General Agreement among Oil Producers to Extend Output Cuts Deal
Kuwait >> 11/29/2017 - Kuwait Oil Minister Essam Al-Marzouq said Tuesday a ministerial market monitoring committee would examine oil output levels for October and producers' commitment to production cuts, then refer recomme...
Wood and Saudi Aramco Sign MoU Supporting In-country Opportunities
Saudi Arabia >> 11/29/2017 - Wood has entered into a Memorandum of Understanding (MoU) with Saudi Aramco, signalling its continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi...
Grace Licenses UNIPOL Process Technology to KIPIC
Kuwait >> 11/28/2017 - W. R. Grace & Co., the leading supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has contracted to license its UNIPOL® PP Process Technology to Kuwait Integrated Pe...
Sadara, Gulf Interchem Sign MOU for Recycling Plant
Saudi Arabia >> 11/28/2017 - Sadara Chemical Company (Sadara) signed a Memorandum of Understanding (MOU) with Gulf Interchem, a Bahrain-based technology company focused on innovating in the field of low-value chemical by-product ...
Construction of New Oil Exportation Pipeline from Baiji to Fishkhabor
Iraq >> 11/27/2017 - The spokesman of the ministry of oil declares for the construction of oil exportation pipeline by the ministry of oil extends from Baiji district in Salahuddeen governorate to Fishkhabor borderline di...
KIPIC to Expand Al-Zour Refinery with Honeywell Technology
Kuwait >> 11/27/2017 - Honeywell announced that Kuwait Integrated Petroleum Industries Company (KIPIC) will use a range of process technologies from Honeywell UOP, a leading licensor of refining and petrochemical process te...
KERUI Petroleum Targets Growth in Middle East Market
United Arab Emirates >> 11/27/2017 - KERUI Petroleum, a Chinese oilfield service and equipment manufacturing firm, showcased some of its star products and technologies like oilfield stimulation & well control equipment, fast moving drill...
SPC Approves Key Strategic Investments as ADNOC Expands 2030 Strategy
SPC Approves Key Strategic Investments as ADNOC Expands 2030 Strategy United Arab Emirates >> 11/27/2017 - The Supreme Petroleum Council (SPC), presided over by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Vice-Chairman ...
Iraq Plans New Pipeline Exporting Kirkuk Oil to Turkey
Iraq >> 11/26/2017 - Iraq plans to build a new pipeline that will ship oil from Kirkuk’s oilfields to the Ceyhan port in Turkey, the oil ministry said. The new pipeline will replace an old and severely damaged section of ...
Iraq Offers Nine Oil and Gas Blocks for Exploration near Iran, Kuwait Borders
Iraq >> 11/26/2017 - Iraq will invite foreign energy firms to bid for the exploration and development of nine new oil and gas blocks bordering Iran and Kuwait, the oil ministry said in a statement. ...
Fuel Bunkering Service Launched at Duqm Port
Oman >> 11/26/2017 - Oman Oil Marketing Company has started its fuel bunkering operations by barge at Port of Duqm as part of its drive to expand ship-to-ship services in the Sultanate’s maritime logistics hubs. ...
Aramco and SABIC Sign MOU for $20 Billion Oil-to-Chemicals Project
Aramco and SABIC Sign MOU for $20 Billion Oil-to-Chemicals Project Saudi Arabia >> 11/26/2017 - Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution o...
Kuwait Approves Allocating Pipeline to Serve LNG Import Project
Kuwait >> 11/23/2017 - The committee assigned in assuming the Municipal Council duties chaired by Mohammed Bushehri agreed to allocate a pipeline to serve the LNG import project in Al-Zor area. ...
ADNOC and Abu Dhabi Ports to Establish Marine Simulation Centre
United Arab Emirates >> 11/23/2017 - The Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi Ports are to establish a joint Marine Simulator Centre in Musaffah, Abu Dhabi, to provide a range of maritime training for the UAE’s growing ma...
Rock-splitting Technique Supports Strategy to Produce Four mln bpd
Kuwait >> 11/22/2017 - Rock-splitting technologies are a reliable method that could help bring Kuwait Petroleum Corporation's plan to produce four million barrels of oil per day (bpd) to fruition, an official at Kuwait Oil ...
Qatari Energy Minister Sees Oversupply of LNG in Coming Years
Qatar >> 11/22/2017 - Qatar’s energy minister, Mohammed al-Sada, said he expects oversupply of liquefied natural gas in the coming years due to increased production, but the market should tighten after 2025. ...
The Middle East Catalyst Community to Gather in Bahrain
Bahrain >> 11/21/2017 - On 6-7 December in Bahrain, the Middle East catalyst community will come together at Euro Petroleum Consultants’ ME-CAT – Middle East Catalyst Technology Conference, to network and share insights on h...
McDermott Awarded Safaniya EPCI Contract for Saudi Aramco
Saudi Arabia >> 11/20/2017 - McDermott International, Inc. announced a major* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Safaniya onshore and offshore field...
Middle East Electricity Show Surges as Regional Demand Dynamics Shift
United Arab Emirates >> 11/20/2017 - Middle East Electricity (MEE), the region’s leading annual international trade event for the power industry, is undergoing major expansion in 2018 to service the shifting demand dynamics of the region...
Iraq has Promising Opportunities for the Oil & Gas Investment
Iraq >> 11/19/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil confirmed that Iraq has many promising opportunities in the oil & energy sector. And both the government & the ministry of oil are keen to prepare ...
Saudi Aramco Converts Jeddah Refinery to Products Distribution Hub
Saudi Arabia >> 11/19/2017 - Saudi Aramco has shut down its 80,000 barrel per day crude oil refinery in Jeddah indefinitely, converting the complex into a hub for oil products distribution, it said. Aramco has been considering wh...
ADNOC, CNPC Sign Framework Agreement to Expand Cooperation
United Arab Emirates >> 11/17/2017 - On November 12, Wang Yilin, Chairman of CNPC, and Sultan Ahmed Al Jaber, Minister of State in the United Arab Emirates and the Group CEO of Abu Dhabi National Oil Company (ADNOC), met in Abu Dhabi and...
Bunker Fuel Regulations a Central Topic at Bottom of the Barrel Technology Conference Bahrain
Bahrain >> 11/16/2017 - With the deadline looming for the implementation of the bunker fuel regulations in 2020, it is not surprising that this will be the dominating subject for discussion at Euro Petroleum Consultants’ upc...
Turkish, Iraqi Officials Discuss Resuming Kirkuk Oil Exports
Iraq >> 11/16/2017 - A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports via the Turkish port of Ceyhan, Iraq’s oil ministry said in...
Saipem Awarded New Onshore E&C Contracts Worth Around $1B
Saipem Awarded New Onshore E&C Contracts Worth Around $1B Saudi Arabia >> 11/16/2017 - Saipem has been awarded a new contract in Onshore E&C. Activities involve engineering, procurement, construction and commissioning for the “Hawiyah Gas Plant (HGP) Expansion Project” located in the so...
ADNOC Signs Agreement with Linde to Explore New Industrial Gases Complex
United Arab Emirates >> 11/16/2017 - Abu Dhabi National Oil Company (ADNOC), has signed a memorandum of understanding with The Linde Group to explore the expansion of nitrogen facilities in Ruwais, Abu Dhabi, to meet future industrial de...
Israel Received Bids from Greek & Indian Firms to Explore Offshore
Israel >> 11/15/2017 - Israel said it received bids to explore for oil and gas in its economic waters from Greece’s Energean and a consortium of Indian firms including ONGC Videsh, Bharat PetroResources, Indian Oil Corp and...
MAN Diesel & Turbo Wins Major Order from the Kuwaiti Oil and Gas Industry
Kuwait >> 11/15/2017 - With a double-digit million euro volume, MAN Diesel & Turbo has won an order for nine compressor trains for the state-owned Kuwait Oil Company (KOC). MAN technology will be deployed in Kuwait's Burgan...
Eni Signs an Exploration and Production Sharing Agreement for Block 52
Oman >> 11/14/2017 - The Government of the Sultanate of Oman, Oman Oil Company Exploration and Production (OOCEP), a subsidiary of state company Oman Oil Company SAOC (OOC), and Eni entered into an Exploration and Product...
Oil Prices Rise on Supply Cuts & Political Tensions in Saudi Arabia
Oil Prices Rise on Supply Cuts & Political Tensions in Saudi Arabia Saudi Arabia >> 11/14/2017 - Last week, the WTI benchmark rose $2 to more than US$57 per barrel — its highest level since mid-2015. While OPEC and other contributing non-OPEC members plan to extend oil production cuts through 201...
ADNOC Awarded EPC Contract to CNPC for Bab Onshore Field
United Arab Emirates >> 11/14/2017 - The Abu Dhabi National Oil Company (ADNOC) has announced a significant investment to upgrade its Bab field, re-energizing one of its largest onshore producing assets to sustain and enhance output. Thi...
Upper Zakum Field Production Capacity to Increase to 1M Barrels Per Day
United Arab Emirates >> 11/14/2017 - Abu Dhabi National Oil Company (ADNOC), ExxonMobil Abu Dhabi Offshore Petroleum Company Limited and Japan’s INPEX Corporation (INPEX), announced, on the side lines of the Abu Dhabi International Petro...
Iraq Aims to Increase Kirkuk Oilfield Output to 1 million bpd
Iraq >> 11/13/2017 - Oil Minister Jabar al-Luaibi said Iraq plans to increase production from oilfields in Kirkuk to one million barrels per day and has visited the Bai Hasan and Avana fields to order work be accelerated ...
Gate Energy Awarded Leviathan Commissioning
Israel >> 11/13/2017 - GATE Energy has been selected as the provider for facility commissioning of the Leviathan Project Platform for Noble Energy Mediterranean Ltd. The associated scope includes topside commissioning plann...
Oman’s Duqm Refinery to Seek $6 bln Bank Funding Soon
Oman >> 11/13/2017 - Oman’s Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks for the debt financing it needs to back a $6 billion refinery project, banking sources familiar with the mat...
UAE's ADNOC to Sell at Least 10% of Fuel Distribution Business in IPO
United Arab Emirates >> 11/13/2017 - Abu Dhabi National Oil Company (ADNOC) aims to sell at least 10 percent of its fuel distribution unit in an initial public offering in Abu Dhabi, as Gulf states step up plans to privatize energy asset...
BHGE to Supply 150MW in Power Generation Equipment for Halfaya Oilfield
Iraq >> 11/12/2017 - Baker Hughes, a GE company has signed an agreement for the provision of its proven turbine generators to PetroChina International Iraq, an affiliate of PetroChina Company Limited, in the biggest Turbo...
Bahrain Oil Pipeline Blaze Brought Under Control
Bahrain >> 11/11/2017 - Bahraini authorities had brought under control a fire at an oil pipeline caused by an explosion, the civil defence said in a statement. ...
Lebanese Offshore Oil and Gas Licensing Round Continues Despite Political Crisis
Lebanon >> 11/10/2017 - Lebanon’s Energy Minister called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical discussions, suggesting the process woul...
DNO Provides Update on Tawke PSC
Iraq >> 11/9/2017 - DNO ASA, the Norwegian oil and gas operator, announced flow rates of more than 3,000 barrels of oil per day (bopd) from the first zone tested in the Peshkabir-3 well in the Kurdistan region of Iraq. N...
Tethys Oil to be Awarded New Exploration License Onshore Oman
Oman >> 11/9/2017 - Tethys Oil will be awarded a new exploration license by the Ministry of Oil and Gas of the Sultanate of Oman. Block 49 is an onshore block that covers a prospective but still rather unexplored area in...
BP Starts Production at Oman’s Giant Khazzan Gas Field
Oman >> 11/9/2017 - The first phase of development of Oman’s giant Khazzan gas field was officially inaugurated on Thursday 9 November 2017 by His Highness Sayyid Haitham bin Tarik Al’Said, Minister of Heritage & Culture...
Saudi Aramco Signs US$4.5B Agreements for Oil and Gas Megaprojects
Saudi Aramco Signs US$4.5B Agreements for Oil and Gas Megaprojects Saudi Arabia >> 11/9/2017 - Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas prod...
McDermott Awarded Major EPCI Contract in Middle East
United Arab Emirates >> 11/9/2017 - McDermott International, Inc. awarded a major contract from a Middle East customer for engineering, procurement, construction and installation (EPCI) services offshore in the Arabian Gulf. ...
Genel Energy Received Payment under Receivable Settlement Agreement
Iraq >> 11/8/2017 - Genel Energy plc has received an override payment of $6.41 million from the Kurdistan Regional Government. The payment represents 4.5% of Tawke gross field revenues for the month of September 2017, as...
Shell to Hand Over Iraq's Majnoon Oilfield by End June 2018
Iraq >> 11/8/2017 - Oil major Royal Dutch Shell has agreed to exit the Majnoon oilfield and hand over its operation to the state-run Basra Oil Co. by the end of June 2018, two oil officials close to the deal said. ...
First Oil Flows from Hail Field Offshore Abu Dhabi
United Arab Emirates >> 11/8/2017 - Hail oil field was put into production on November 7 in the Abu Dhabi Oil Company (ADOC) concession by Cepsa and Cosmo Oil, through the company Cosmo Abu Dhabi Energy Exploration & Production Co. Ltd,...
GAC Abu Dhabi and RB Logistics Join Forces for Talc Shipments
United Arab Emirates >> 11/8/2017 - European bulk logistics provider RB Logistics (RB) has appointed GAC Abu Dhabi for a second time to provide a complete logistics service package. The two-year contract covers freight services, transpo...
Aramco Close to Awarding Gas Project Contract to Tecnicas Reunidas
Saudi Arabia >> 11/7/2017 - Saudi Aramco is close to awarding a contract to Spanish engineering group Tecnicas Reunidas, industry sources said. “TR received a letter of intent from Aramco,” said one of the sources. ...
Saudi Aramco Contractor Arkad Forms Oil, Gas Venture With ABB
Saudi Arabia >> 11/6/2017 - Swiss engineering conglomerate ABB is putting its turnkey projects arm for the oil and gas industry into a joint venture majority owned by Saudi Arabia’s Arkad Engineering & Construction, as ABB seeks...
Eversendai Awarded Major Offshore Fabrication Project for Saudi Aramco
Saudi Arabia >> 11/6/2017 - Eversendai Corporation Berhad (The Group) announced that its wholly owned subsidiary Eversendai Offshore RMC FZE in the UAE, has been awarded a major offshore fabrication project for Saudi Aramco. Thi...
ADNOC Group company successfully issues a US$3 billion bond
United Arab Emirates >> 11/6/2017 - The Abu Dhabi National Oil Company (ADNOC) announced the successful issuance and closing of a US$3 billion bond, one of the largest non-sovereign bond offerings in the history of the Middle East. The ...
ADNOC Expected to Sign $6 billion Loan with 13 Banks
United Arab Emirates >> 11/5/2017 - Abu Dhabi National Oil Co (ADNOC), the United Arab Emirates oil giant, is expected to sign by the end of this week a $6 billion loan which has received commitments from a group of 13 banks, sources cl...
Saudi Aramco to Push Back Shutdown at Ras Tanura Refinery
Saudi Arabia >> 11/4/2017 - Saudi Aramco is expected to shut down its condensate splitter at its Ras Tanura refinery by the end of November for a month for planned maintenance work, two industry sources said, later than original...
ABB Technology Helps Dubai Develop Smart Solar Strategy
United Arab Emirates >> 11/2/2017 - ABB AbilityTM Electrical Distribution Control System delivers key data to shape next-generation solar power for the city. ...
Weir Oil & Gas Awarded Maintenance Contract with Eni Iraq
Iraq >> 11/1/2017 - Weir Oil & Gas Dubai has been awarded a contract with Eni Iraq BV (Eni) to provide global maintenance services for gas compressor units and associated equipment located in the three Initial Production...
Miraah Solar Plant Delivers First Steam to Amal West Oilfield
Oman >> 11/1/2017 - Petroleum Development Oman (PDO) and GlassPoint Solar, the global leader in solar energy for the oil and gas industry, have completed construction on the first block of the Miraah solar plant safely o...
McDermott Awarded Middle East EPCI Contract
McDermott Awarded Middle East EPCI Contract United Arab Emirates >> 11/1/2017 - McDermott International, Inc. Announced a letter of award for a significant* contract for the engineering, procurement, construction and installation (EPCI) services for an offshore Middle East redeve...
Energean Signs Additional Gas Sales & Purchase Agreements
Israel >> 10/31/2017 - Energean Oil & Gas (Energean) is pleased to announce that Energean Israel has signed three new Gas Sales and Purchase Agreements (GSPAs) with Dorad Energy Ltd. (Dorad), and with Ramat Negev Energy Ltd...
Saudi Seeks $500B Business Zone with Jordan, Egypt
Saudi Arabia >> 10/31/2017 - The International Monetary Fund has endorsed an ambitious Saudi Arabian plan to build a $500-billion business and industrial zone extending into Jordan and Egypt, saying the project could benefit the ...
UAE’s Dana Gas Leaves Maturing Sukuk Unpaid but No Default Declared
United Arab Emirates >> 10/31/2017 - United Arab Emirates energy producer Dana Gas will not redeem some $700 million of its Islamic bonds when they mature as a dispute on the validity of the sukuk drags on in British and UAE courts, sour...
Jordan Refinery Company Selects KBR VCC Technology
Jordan Refinery Company Selects KBR VCC Technology Jordan >> 10/30/2017 - KBR, Inc. (KBR) announced it has entered into an Engineering Agreement for the Residue Hydroprocessing unit at the Jordan Petroleum Refinery (JPRC) Expansion Project. This award follows an earlier dec...
Oman Plans to Award Four Oil Blocks in the Second Quarter of 2018
Oman >> 10/30/2017 - Oman’s government is expected to award four oil and gas blocks to international oil companies on a production sharing basis in the second quarter of 2018, according to a senior official at the Ministr...
PDO Backs New Oman Pump Project
Oman >> 10/30/2017 - Petroleum Development Oman (PDO) has been supplied with the first “Made in Oman” electric submersible pump (ESP) system for its oil operations from a factory in Sohar. ...
Sparrows Group Strengthens Middle East Operations with Dubai Petroleum Contract Awards
United Arab Emirates >> 10/30/2017 - Sparrows Group has strengthened its operations in the Middle East, securing two crane contracts with Dubai Petroleum, one for maintenance services and the other for the delivery of rental cranes. The ...
UAE to Keep Cutting Oil Output to Comply with Global Deal
United Arab Emirates >> 10/30/2017 - The United Arab Emirates will continue to reduce its oil output to meet its commitment to a global oil production cut agreement, its Energy Minister Suhail al-Mazroui said. ...
Saudi Arabia Ready to Extend Oil Output Cut Deal
Saudi Arabia >> 10/28/2017 - Crown Prince Mohammed bin Salman reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement. ...
Brent Oil Tops $60 for First Time Since 2015 Amid OPEC Optimism
Iraq >> 10/27/2017 - Brent surged above $60 a barrel for the first time in more than two years amid enthusiasm that OPEC may extend its supply-restraint deal and indications that the situation between Iraq and the Kurds r...
Oman Oil Company and RUSNANO Sign Agreement on Investment Activity
Oman >> 10/27/2017 - Parties to evaluate joint investments in projects on the oil and gas and chemical sectors. The signing of the agreement took place with the assistance of the Russian-Omani Business Council in the fram...
Indian Firms Eye Stake in Adnoc's Offshore Oil Concession
United Arab Emirates >> 10/27/2017 - Indian oil firms are in talks with state-run Abu Dhabi National Oil Co (Adnoc) to acquire a stake in its ADMA-OPCO offshore oil concession when it comes up in 2018, Indian officials said. ...
Polarcus Receives LOI for Multi-client Project in the Middle East
United Arab Emirates >> 10/27/2017 - Polarcus Limited has received a Letter of Intent ("LOI") from an undisclosed client to pre-fund a multi-client XArray 3D seismic acquisition project in the Middle East. The project will commence in Q4...
Polarcus Awarded XArray 3D Project in South America
United Arab Emirates >> 10/27/2017 - Polarcus Limited (Polarcus) ( PLCS) is pleased to announce that the Company has been awarded an XArray 3D seismic acquisition project in South America for an undisclosed client. The project will comme...
Ramco Brings Total Tubular Management Expertise to Middle East
United Arab Emirates >> 10/26/2017 - Independent oil and gas industry specialist Ramco has committed to growth plans in the Middle East with a key leadership move. ...
Sparrows Strengthens Middle East Operations with Dubai Contract Awards
United Arab Emirates >> 10/25/2017 - Sparrows Group has strengthened its operations in the Middle East, securing two crane contracts with Dubai Petroleum, one for maintenance services and the other for the delivery of rental cranes. The ...
ShaMaran Petroleum Provides Update on Atrush Operations
Iraq >> 10/24/2017 - ShaMaran Petroleum Corp. reports that operations in the Atrush field in Kurdistan are continuing in a normal, safe and secure manner. Exports from Atrush are continuing via the Kurdistan Export Pipeli...
Saudi Arabia Oil Demand - October 2017
Saudi Arabia Oil Demand - October 2017 Saudi Arabia >> 10/24/2017 - In Saudi Arabia, August 2017 oil demand returned to a declining trend as oil demand dipped steeply by 0.26 mb/d, or 9% y-o-y, to reach approximately 2.67 mb/d. On a cumulative basis, from January to A...
Zamil, UTEC Enter Offshore Survey Pact in Saudi Arabia
Saudi Arabia >> 10/24/2017 - Zamil Offshore Services and UTEC, an Acteon company, have formed a strategic partnership where both companies will work together exclusively to execute offshore survey projects in the Kingdom of Saudi...
Saudi Aramco Sees Progress on Chemical Project Plan with SABIC by Year-end
Saudi Arabia >> 10/24/2017 - Saudi Aramco expects to decide by the end of 2017 on plans for a joint oil-to-chemicals project with Saudi Basic Industries Corp (SABIC), Aramco’s chief executive said. An industry source said in Augu...
Saudi Arabia Seeks New Economy with $500B Business Zone with Jordan, Egypt
Saudi Arabia >> 10/23/2017 - Saudi Arabia, seeking to free itself from dependence on oil exports, announced a $500 billion plan to build a business and industrial zone extending into Jordan and Egypt. ...
Spain's Tecnicas Reunidas Leads Bidding for Aramco Gas projects
Saudi Arabia >> 10/23/2017 - Tecnicas Reunidas has offered the lowest bids to build two gas projects which are planned by state oil giant Saudi Aramco, sources familiar with the plans said. ...
Large-Scale Solar Project Upsized to 500MW
Oman >> 10/22/2017 - A competitive process for the development of Oman’s first large-scale solar project, due to be kicked off later this year, could see a world-scale scheme of up to 500-megawatt (MW) capacity being impl...
Saudi and Iraq Satisfied with Oil Market Recovery
Saudi Arabia >> 10/22/2017 - Saudi Arabia and Iraq expressed satisfaction with the orientation of the global oil market towards recovery as a result of a deal to boost prices by limiting production, Saudi state media reported. ...

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