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Middle East


Iraq Ministry of Oil Modifies the Contract of Developing Seeba Gas Field
Iraq >> 5/21/2017 - The ministry of oil "represented by the Basrah oil company" signed on an additional modification on the contract with the awarded companies to develop the Seeba gas field in Basrah governorate in the ...
PDO Plans to Award More Contracts to Local Community Firms
Oman >> 5/21/2017 - Oman’s national oil firm Petroleum Development Oman (PDO) plans to increase the number of contracts awarded to local community contracting companies (LCCs) as part of a larger initiative to strengthen...
Oman's Natural Gas Production, Imports Dropped in Jan-April Period
Oman >> 5/20/2017 - Oman’s natural gas production and imports edged down by 1 per cent to 13,532 million cubic metres (MNCM) for the first four months of 2017, compared with 13,670 MNCM in the same January to April perio...
Oman Oil Co to Divest Stake in Fuel Giant CLH
Oman >> 5/20/2017 - An international investment fund says it has agreed a deal to acquire state-owned energy investment firm Oman Oil Company’s 10 per cent stake in Compania Logistica de Hidrocarburos (CLH), which owns a...
Aramco Signs $50B Agreements with US Companies during Trump's Visit
Aramco Signs $50B Agreements with US Companies during Trump's Visit Saudi Arabia >> 5/20/2017 - Saudi Aramco signed agreements with major U.S. companies which will pave way for the company to enhance its business synergy with the U.S. as well as attracting investments from its U.S. counterparts ...
McDermott and Saudi Aramco Sign MOU at the First Saudi-U.S. CEO Forum
Saudi Arabia >> 5/20/2017 - McDermott International, Inc. signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s ...
KBR Awarded FEED Contract for Oman LNG
KBR Awarded FEED  Contract for Oman LNG Oman >> 5/18/2017 - KBR, Inc. has been awarded a Front-End Engineering Design (FEED) and project management services contract for Oman Liquefied Natural Gas LLC (Oman LNG) in Qalhat, Oman. Oman LNG operates three liquefa...
Ramboll Awarded Pre-FEED Study for Al-Shaheen Field
Ramboll Awarded Pre-FEED Study for Al-Shaheen Field Qatar >> 5/18/2017 - Ramboll has been appointed by the North Oil Company (NOC) to carry out a pre-FEED study for three new wellhead platforms at the gigantic field Al-Shaheen, off the north-eastern coast of Qatar in the A...
Dana Gas Receives Partial Payment of $50M from the Egyptian Government
United Arab Emirates >> 5/18/2017 - Dana Gas has received an initial payment of US$ 50 million (AED 184 million) from the Egyptian Government as partial payment of its outstanding receivables. ...
Israeli Energy Firms Delek Drilling, Avner Oil to Finally Merge
Israel >> 5/17/2017 - Israel's Delek Drilling and Avner Oil, both units of conglomerate Delek Group), said on Wednesday they have completed a long-awaited merger and will begin trading next week as one company. ...
Saudi Aramco to Set up New Chemicals Unit
Saudi Arabia >> 5/17/2017 - Saudi Aramco plans to set up a new chemicals subsidiary, the company said in its official magazine, The Arabian Sun. "The Board... approved the creation of a new subsidiary to conduct the company's ch...
Saudi Arabia Oil Demand - May 2017
Saudi Arabia Oil Demand - May 2017 Saudi Arabia >> 5/16/2017 - In Saudi Arabia, March 2017 oil demand returned to a declining trend as oil demand dropped sharply by 0.24 tb/d or 10% y-o-y, with total oil demand reaching around 2.13 mb/d. On a cumulative basis fro...
Aramco Plans at Least 10 Energy Deals During Trump Visit
Saudi Arabia >> 5/16/2017 - Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visit...
Zion Oil & Gas Raises Rig Derrick in Israel
Israel >> 5/15/2017 - With the raising of the derrick, Zion Oil & Gas, Inc will commence acceptance testing in preparation for spudding its Megiddo-Jezreel #1 well, onshore Israel. ...
Aramco Awards NPCC New Contract for Four Platforms and Pipelines
Saudi Arabia >> 5/15/2017 - Saudi Arabian Oil Company, Saudi Aramco, has awarded a new contract to National Petroleum Construction Company, NPCC, for four Offshore Platforms and associated Submarine Pipelines, Cables and Tie-ins...
Kingdom Opens Investment Chances to Korean Businesses
Saudi Arabia >> 5/15/2017 - Nearly 40 Korean companies and 100 participants recently attended the “Downstream Manufacturing Opportunities in Saudi Arabia” forum in Seoul, South Korea, as a way to promote investment opportunities...
Saudi Arabia, Russia Agree Oil Output Cuts until March 2018
Saudi Arabia >> 5/15/2017 - Saudi Arabia and Russia, the world's two top oil producers, agreed to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. ...
PDO’s Miraah Project to Begin Operations from August 2017
Oman >> 5/14/2017 - Oman’s Miraah solar thermal project is expected to begin its first phase operation from as early as August this year, according to a top official at Petroleum Development Oman (PDO). ...
Iraq Minister of Oil Meets with Algerian Minister of Energy
Iraq >> 5/11/2017 - Mr. Jabbar Ali Hussain Al-Luiebi the minister of oil praised the historic relations between the Iraqi & Algerian people. Mr. Al-Luiebi met with the Algerian minister of energy Mr. Nooraldeen Botarfa i...
Questerre Acquires Minority Interest in Red Leaf
Jordan >> 5/11/2017 - Questerre Energy Corporation (Questerre) has made a strategic investment in Red Leaf Resources, Inc. (Red Leaf). Through an agreement with one of the vendors, Whitehorn Resources Inc. (Whitehorn), Que...
DNO Reports Payment for Tawke Deliveries
Iraq >> 5/10/2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 41.40 million from the Kurdistan Regional Government as payment towards February 2017 crude oil deliveries to the export mark...
Getech to Support Lebanon's First Offshore Licensing Round
Lebanon >> 5/10/2017 - Getech announces an extension of its agreement to provide consultancy services to the Lebanese Petroleum Authority (LPA) through its wholly owned subsidiary, ERCL. ...
Polarcus Awarded Broadband 3D Project in Asia Pacific
United Arab Emirates >> 5/10/2017 - Polarcus Limited (Polarcus) has received a Letter of Award for a broadband 3D marine seismic project in Asia Pacific. The project is due to commence in Q3 2017 and will run for approximately one month...
EnerMech Launches JV with Khudairi Group
Iraq >> 5/9/2017 - UK-based EnerMech has launched a joint venture with the Khudairi Group in Iraq to target both the re-emerging oil and gas and large infrastructure sectors. The JV, with one of the country’s longest es...
Omani Cement Firms Form New Joint Venture
Oman >> 5/9/2017 - Two of Oman’s cement producers—Raysut Cement Company and Oman Cement Company—have formed a new cement firm. The new joint venture company, Alwasta Cement Company, proposes to set up a new cement proje...
Honeywell UOP and KFUPM Drive Economic Diversification in Saudi Arabia
Saudi Arabia >> 5/9/2017 - In support of Saudi Arabia’s ongoing efforts toward economic diversification and localization initiatives, Honeywell UOP and King Fahd University of Petroleum & Minerals (KFUPM) have unveiled the deta...
Aramco to Cut June Oil Supplies to Asia by about 7 mln barrels
Saudi Arabia >> 5/9/2017 - Saudi Aramco will cut oil supplies to Asia by about 7 million barrels in June, a source with direct knowledge of the matter said. ...
Honeywell UOP Signs Agreement to Provide Technology and Equipment for Jordanian Refinery
Jordan >> 5/8/2017 - Honeywell UOP announced today that it has signed an agreement with the Jordan Petroleum Refinery Company (JPRC) to facilitate a $1.6 billion expansion of its refinery in Zarqa, Jordan. This expansion ...
Gulf Drilling International Signs $925M Financing Facility with QIB
Gulf Drilling International Signs $925M Financing Facility with QIB Qatar >> 5/8/2017 - Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, signs a US$ 925 million (QR 3.4 billion) structured Shari’a compliant financing facility with Gulf Drilling International Limited QSC (GDI). Thi...
Iraq Declares the Primary Statistics of Oil Exports for April 2017
Iraq >> 5/7/2017 - The ministry of oil declared the primary statistics of the exported Iraqi crude oil and the outcome for April 2017 according to SOMO Company. The oil exports for April was (97,574,813) barrels, while ...
PDO Awards $780M Key Contracts to Omani Firms
Oman >> 5/7/2017 - Petroleum Development Oman (PDO) has awarded two key contracts valued at around RO 300 mln to Omani businesses for work in the north of its operations in the Sultanate. ...
DNO Expands Investment at Tawke Field
Iraq >> 5/4/2017 - DNO ASA, the Norwegian oil and gas operator, expanded investments, including doubling of planned 2017 wells at the Tawke field in the Kurdistan region of Iraq, on the back of strong first quarter resu...
Iraq Exports First Shipment of Crude Oil to Egypt
Iraq >> 5/4/2017 - The ministry of oil declared the exportation of the first shipment of crude oil which was (2) million barrels to Egypt through the southern ports. ...
Qatargas Delivers Commissioning Cargo to New Chinese LNG Terminal
Qatar >> 5/3/2017 - Qatargas, the World’s Premier LNG Company, recently delivered the inaugural cargo of Liquefied Natural Gas (LNG) to China National Oil Corporation’s (CNOOC) Yuedong LNG terminal. The LNG cargo, delive...
Dana Gas to Start Restructuring Talks on Bond Due in October
United Arab Emirates >> 5/3/2017 - Dana Gas PJSC will ask bondholders to accept changed terms on $700 million of debt coming due in October as the energy producer based in the United Arab Emirates seeks to restructure debt for the seco...
KNPC, PIC Agree to Shift Key Oil Projects to KIPIC
Kuwait >> 5/2/2017 - Kuwait National Petroleum Company (KNPC) and the Petrochemicals Industries Company (PIC) signed agreements to transfer contracts of key projects to Kuwait Integrated Petrochemical Industries Company (...
Major Enhanced Oil Recovery Projects Still On track
Oman >> 5/2/2017 - Majority state-owned Petroleum Development Oman (PDO) says it still sees in excess of a quarter of crude oil production coming from Enhanced Oil Recovery (EOR) despite the relatively high capital cost...
Questerre Provides Update on its Jordan Oil Shale Project
Jordan >> 5/1/2017 - Questerre Energy Corporation (Questerre) reported on an essential test of mechanical rock properties for its oil shale in Jordan. ...
Orpic Starts Work on Natural Gas Extraction Unit in Fahud
Oman >> 4/29/2017 - Oman Oil Refineries and Petroleum Industries Company (Orpic) laid the foundation stone for its $688 million-natural gas liquids extraction plant in Fahud, which is part of the $6.4 billion-Liwa Plasti...
Qatar Petroleum Increases Qatar’s Petrochemical Industries Production
Qatar >> 4/29/2017 - In a move aimed at supporting Qatar’s petrochemical industry, Qatar Petroleum (QP) recently signed agreements to supply additional quantities of ethane, which is used as feedstock, to a number of subs...
U.A.E.'s Adnoc Will Cut Oil Sales to Buyers by 10% in June 2017
United Arab Emirates >> 4/29/2017 - The United Arab Emirates is cutting back supplies to customers in June as part of its agreement with OPEC to curb production. Abu Dhabi National Oil Co. will reduce sales by 10 percent, a company spok...
SNC-Lavalin Wins FEED Deal for Saudi Aramco Plant
SNC-Lavalin Wins FEED Deal for Saudi Aramco Plant Saudi Arabia >> 4/27/2017 - SNC-Lavalin was awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Program. New facilities are proposed at Saudi Aramco’s existing plants at Abu...
Sadara Chemical Starts up Final Polyethylene Plant in Saudi Arabia
Saudi Arabia >> 4/27/2017 - Sadara Chemical Company (Sadara) announced the startup of its fourth and final polyethylene unit, the High Pressure Low Density Polyethylene (HP-LDPE) Train. This marks a significant milestone for the...
TechnipFMC Awarded an EPC Contract for SRP in Abu Dhabi
United Arab Emirates >> 4/27/2017 - TechnipFMC has been awarded by Zakum Development Company an Engineering, Procurement and Construction contract (EPC3 project) for a sulfate reduction plant on West Island located offshore Abu Dhabi, U...
Oman Oil Company Exploration & Production Signs Deal with Shell
Oman >> 4/26/2017 - Oman Oil Company Exploration and Production (OOCEP) and Shell Exploration have signed a Heads of Agreement (HoA) to collaborate on Oman Block 42. Under the agreement, an initial aerial study will be c...
Oman Upstream Oil and Gas Activity at High Levels
Oman >> 4/26/2017 - Notwithstanding a commitment to capping crude production in line with a global output reduction pledge reached by Opec and non-Opec producers, activity levels in Oman’s oil and gas sector will continu...
Saudi Arabia Foils Bombing Attempt on Aramco Fuel Distribution Terminal
Saudi Arabia >> 4/26/2017 - Saudi forces have foiled an attempt to blow up an Aramco fuel terminal in southern Saudi Arabia using a high-speed boat laden with explosives, the interior ministry said, and accused Yemen's Houthi gr...
Petrofac Enhances Iraq Presence with $70M in New Contracts
Iraq >> 4/25/2017 - Petrofac has secured a series of contract awards worth more than US$70 million for engineering, operations and maintenance services in Iraq. Petrofac’s Engineering and Production Services’ (EPS) East ...
Iraq Begins Final Expansion Phase at Halfaya Oil Field
Iraq >> 4/25/2017 - Iraq has launched the third and final phase of work to expand its southern Halfaya oil field, aiming to double its output capacity in 2018 to 400,000 barrels per day, a state-run oil company said. ...
Iraq Announces New Investment Refinery in Basrah / Faw
Iraq >> 4/24/2017 - The ministry of oil would like to announce for a new investment opportunity to build an investment refinery in Basra – Faw with a capacity of 300 thousand barrels / day. ...
Middle East Oil Supply - April 2017
Middle East Oil Supply - April 2017 Oman >> 4/24/2017 - The main non-OPEC oil producers in the Middle East – Oman, Bahrain, Syria and Yemen – are estimated to have produced 1.28 mb/d in 2016, unchanged from the last MOMR. Preliminary data analysis indicate...
Saudi Arabia to Offer 1 Gigawatt of Renewable Contracts in 2017
Saudi Arabia >> 4/24/2017 - Saudi Arabia will offer as much as 1 gigawatt of contracts to buy renewable electricity by the fourth quarter of this year, a government official said, putting more detail on a program designed to sti...
Petronas in Deals to Boost Cooperation with Saudi Arabia
Saudi Arabia >> 4/23/2017 - MALAYSIA’s leading oil and gas giant, Petronas, recently sealed multiple agreements with the Kingdom of Saudi Arabia. The company inked an agreement with Saudi Arabia’s Unified Lubricants Company (ULC...
Orpic’s Muscat Sohar Product Pipeline Achieves Major Safety Milestone
Oman >> 4/22/2017 - Muscat-Sohar Pipeline project (MSPP) has achieved an important safety milestone by recording 10 million human hours without Lost Time Injury (LTI). This project is one of the most important strategic ...
Gas Commitment to Determine $2.3b Duqm Methanol Project
Oman >> 4/22/2017 -  A proposal to set up a $2.3 billion-greenfield methanol project by Mingyuan Holdings Group Co. Ltd in Duqm will depend on the Sultanate’s commitment to supply natural gas as feedstock. ...
Siemens Expands Open Cycle Power Plant in Kuwait with Steam Turbine
Kuwait >> 4/19/2017 - Siemens has received an order to deliver an industrial steam turbine package to expand the Az Zour South 3 open cycle gas turbine power plant to a combined cycle power plant. The plant is located in K...
IHRDC & SASREF Partner for Competency Management Development
Saudi Arabia >> 4/19/2017 - IHRDC and Saudi Aramco Shell Refinery Company (SASREF) announced the successful completion of a project to build a database of 261 customized SASREF job competency models aligned to SASREF’s business ...
UAE'S TAQA might Sell Some North American Oil & Gas Assets
United Arab Emirates >> 4/19/2017 - Abu Dhabi National Energy Company (TAQA) might sell some of its oil and gas interests in North America to raise capital for its core business, its chief operating officer told Reuters. The loss-making...
Iraq Plans Three Gas Processing Plants to Reduce Flaring
Iraq >> 4/18/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil confirmed that the priority of the ministry is to make the appropriate plans to invest the associated gas with the oil operations in Iraq and stop ...
Amec Foster Wheeler Wins Contract with China’s GPEC for Oil Shale Fired CFB Boilers
Jordan >> 4/18/2017 - Amec Foster Wheeler has been awarded a new contract by China Energy Engineering Group Guangdong Power Engineering Co., Ltd. (“GPEC”), for the design and supply of two circulating fluidized-bed (CFB) s...
GE to Supply Power Generation Equipment for Sabiya Power Plant in Kuwait
Kuwait >> 4/18/2017 - GE will supply a steam turbine generator set and two heat recovery steam generators (HRSG), along with associated engineering and other services for the Kuwaiti Ministry of Electricity’s Sabiya Power ...
DNO Investment in Oman Block 8 Tops $100 million
Oman >> 4/18/2017 - Norwegian oil and gas firm DNO has ploughed in excess of $100 million in Block 8 since it acquired operatorship of the concession offshore Oman’s Musandam peninsula in 2012 — a figure set to rise as t...
Bahrain National Gas Expansion Co Raises $515 mln Loan
Bahrain >> 4/17/2017 - Bahrain National Gas Expansion Co, a subsidiary of the country's National Oil and Gas Authority, signed a $515 million syndicated loan that will back part of the expansion of its gas processing facili...
Iraq Completes Repairs at Basra Oil Jetty, Loading Operations Resume
Iraq >> 4/17/2017 - Repair work at a Basra oil jetty damaged by a tanker collision last month were completed, two officials at state-run South Oil Company told Reuters. ...
Saudi Arabia Pushes ahead with Renewable Drive to Diversify Energy Mix
Saudi Arabia >> 4/17/2017 - Saudi Arabia aims to produce 10 percent of its power from renewable sources in the next six years as it pushes ahead with a multi-billion-dollar plan to diversify its energy mix and free up more crude...
GPIC, GE Oil & Gas Sign Long-term Bilateral Deal
Bahrain >> 4/16/2017 - The Gulf Petrochemical Industries Company (GPIC) has signed a long-term bilateral agreement with GE Oil & Gas to enhance efficiency its major plant operations and support and supervise periodic mainte...
The Maritime Standard Tanker Conference 2017 - Date & Location Confirmed
United Arab Emirates >> 4/16/2017 - A high level group of expert speakers and panelists is being assembled by The Maritime Standard, and will include representatives from leading tanker owners and managers, port operators, trade organis...
Yokogawa Wins Kuwait Desalination Plant Control System Order
Kuwait >> 4/13/2017 - Yokogawa Electric Corporation announces that its subsidiary, Yokogawa Electric Korea, has received an order from Doosan Heavy Industries & Construction Co., Ltd., a major South Korean plant constructi...
Lukoil Completes 3D Seismic Acquisition at West Qurna-2
Iraq >> 4/12/2017 - LUKOIL has completed a field 3D seismic survey at West Qurna-2 field in Iraq. The survey covered an area of about 450 square kilometers. The Company has fulfilled all of its contractual obligations to...
Lebanon Extended Deadline of the Second Prequalification Round
Lebanon >> 4/12/2017 - The deadline of announcement of the results of the second prequalification round in relation to the first licensing round in the Lebanese Offshore determined in the announcement of the prequalificatio...
Asian Product Market - March 2017
Asian Product Market - March 2017 Oman >> 4/12/2017 - The Asian market got support from expectations of a more balanced market in the lead up to the onset of the regional maintenance season. This occurred amid stronger middle distillates demand fuelling ...
Siemens to Set up Global Logistics HQ in Dubai
United Arab Emirates >> 4/12/2017 - Highlighting the importance of Dubai as a strategic logistics hub between East and West, North and South, Siemens has announced plans to set up its global logistics headquarters including its portfoli...
Topaz Energy and Marine Announces Senior Executive Appointments
United Arab Emirates >> 4/11/2017 - Topaz Energy and Marine, a leading offshore support vessel company, announced the appointments of Mr. Martin Helweg as Chief Operating Officer (COO) and Mr. Hicham Hachkal as Human Resources Director ...
Oman to Seek $5b Bank Finance for $7b Duqm Refinery Project
Oman >> 4/10/2017 - Duqm Refinery, a 50:50 joint venture between the Sultanate’s state-owned Oman Oil Company and Kuwait Petroleum International, is seeking 65 per cent of its $7 billion capital expenditure for building ...
Feasibility Study on Petrochemical Complex will be Ready within Few Months
Oman >> 4/10/2017 - A feasibility study for building a petrochemical complex, which will be a downstream venture of Duqm Refinery, will be completed within months, said Yusuf Al Jahdami, project director at Duqm refinery...
Aramco Board to Meet in Shanghai as it Seeks Chinese Investors for IPO
Saudi Arabia >> 4/10/2017 - Saudi Aramco's board will meet in China in May for the first time in seven years, industry sources said, as the state-owned energy firm seeks to lure Chinese and Asian investors to its giant share off...
Bids for Phase 1 of Oman’s Ras Markaz Crude Terminal due Next Month
Oman >> 4/9/2017 - Bids for the first phase of an ambitious crude oil storage park at Ras Markaz on Oman’s southeastern coast are due in next month, according to a key official associated with the giant scheme. Oman Tan...
Oman Block 44 Acquisition by ARA Completed
Oman >> 4/8/2017 - ARA Petroleum, a new entrant to Oman’s burgeoning upstream Exploration & Production (E&P) industry, has confirmed that its acquisition of the 100 per cent interest of PTTEP Oman Company Limited in Blo...
Polarcus Awarded Broadband 3D Project in Asia Pacific
United Arab Emirates >> 4/7/2017 - Polarcus Limited has received a contract award for a broadband 3D marine seismic project in the Asia Pacific region. The project is due to commence in Q2 2017 and will run for approximately two months...
First Shipment of CNPC's Equity Oil Sets Sail from UAE to China
United Arab Emirates >> 4/7/2017 - On April 3, the New Constant oil tanker with 1 million barrels of CNPC's equity oil set sail from Port Fujairah in UAE to China. This indicates that the onshore oilfield concession project of Abu Dhab...
Air Liquide to Build a €20M Nitrogen Plant for Oman’s Orpic
Air Liquide to Build a €20M Nitrogen Plant for Oman’s Orpic Oman >> 4/6/2017 - Air Liquide and Oman Oil Refineries and Petroleum Industries Company (Orpic), Oman’s national refining company, recently signed a long term agreement for the supply of nitrogen to the Liwa Plastics In...
Oman Shipping Moots Floating Storage LNG Regasification
Oman >> 4/5/2017 - Wholly government-owned Oman Shipping Company (OSC) is mooting the possible use of a Floating Storage Regasification Unit (FSRU) to supply imported liquefied natural gas (LNG) to consumers in the Sult...
Oman Oil Plans Massive Petrochem Scheme at Duqm
Oman >> 4/4/2017 - Oman Oil Duqm Development Company, one of the verticals of the wholly government owned strategic investment group Oman Oil Company, has unveiled plans for the establishment of a mammoth petrochemicals...
Orpic to Promote Polymer-based Downstream Sector
Oman >> 4/4/2017 - Orpic, the nation’s refining and petrochemicals flagship, has set up a dedicated unit to market the prodigious volumes of polymers that will come on stream when its $6.4 billion Liwa Plastics Industri...
Saudi Arabia to Switch Crude Oil Pricing for European Refiners
Saudi Arabia >> 4/4/2017 - Saudi Arabia is to tweak the benchmark it uses to sell its crude in Europe, in a concession to refiners in the region that have long complained about their ability to hedge using the current measure. ...
Bahrain's Bapco Starts Talks with Contractors on Sitra Expansion Bids
Bahrain >> 4/3/2017 - State-run Bahrain Petroleum Co (Bapco) has started two weeks of negotiations with international contractors to clarify bids to expand the Sitra oil refinery, estimated to cost around $5 billion. ...
Iraq, Lukoil's Trading Arm to Form Marketing Venture
Iraq >> 4/3/2017 - Iraq's state-oil marketer SOMO and the trading arm of Russia's Lukoil have agreed to form a joint crude marketing venture, the Iraqi Oil Ministry website reported. The venture between SOMO and Litasco...
Mediterranean Gas Pipeline Could be Built by 2025
Israel >> 4/3/2017 - European and Israeli governments gave their support to moving forward with a Mediterranean pipeline project to carry natural gas from Israel to Europe, setting a target date of 2025 for completion. ...
OOCEP Uncovers 430m boe of New Oil and Gas Discoveries in 2016
Oman >> 4/3/2017 - Oman Oil Company Exploration and Production (OOCEP), the upstream arm of the government-owned energy investment firm Oman Oil Company (OOC), has announced additional potential discoveries totalling in...
Qatar Restarts Development of World's Biggest Gas Field
Qatar >> 4/3/2017 - Qatar Petroleum announced its intention to develop a new gas project in the southern sector of the North Field and that it will commence work on the project’s details over the next few months. ...
Saudi Arabia Oil Demand - March 2017
Saudi Arabia Oil Demand - March 2017 Saudi Arabia >> 4/3/2017 - In Saudi Arabia, January 2017 oil consumption continued to fall on the back of slower-than-anticipated requirements in the electricity and construction sectors. Oil demand declined by 0.18 mb/d from J...
BP & DuPont JV, Butamax® Takes Next Step in Commercialization of Bio-isobutanol
United Arab Emirates >> 4/3/2017 - Butamax Advanced Biofuels LLC, a 50/50 joint venture between BP and DuPont, combining expertise in fuels with industrial biotechnology, today announced the acquisition of Nesika Energy, LLC and its st...
Abu Dhabi National Energy Co (TAQA) Considering Formosa Bond, Sukuk
United Arab Emirates >> 4/3/2017 - Abu Dhabi National Energy Co (TAQA) is considering debt funding options including a formosa bond, sukuk and bank loans, the company's spokesman said. TAQA will raise the funding to cover debt maturiti...
Saudi Aramco Signs MoUs with ADNOC, Masdar
Saudi Arabia >> 4/2/2017 - Saudi Arabian Oil Company (Saudi Aramco) signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy company, covering en...
Oman, Kuwait to Sign Deal for Duqm Refinery
Oman >> 4/1/2017 - Kuwait will sign a partnership agreement with Oman for Duqm refinery near the port in the Al Wusta region on April 10, Kuwait's oil minister said. The 230,000 barrel per day facility is part of the va...
Oman in Bid for International Gas Union Presidency
Oman >> 3/31/2017 - The Sultanate has announced its maiden bid for the presidency of the International Gas Union (IGU) — a much coveted position it is competing for jointly with Egypt. ...
ViZn Energy Systems Selected to Provide Commercial-Scale Flow Battery in Central America
United Arab Emirates >> 3/31/2017 - ViZn Energy Systems Inc. (ViZn), a leading provider of energy storage systems for utility, commercial and industrial (C&I), and microgrid applications, has been selected to provide a 200kW (four hour)...
CGG Awarded Multi-year Integrated Geoscience Study by KGOC
Kuwait >> 3/30/2017 - CGG has been awarded a multi-year integrated geoscience study by Kuwait Gulf Oil Company (KGOC) to identify resource growth potential in the onshore Partitioned Zone (PZ). The geoscience study will be...
Saudi Aramco Formally Appoints Banks to Advise on Share Sale
Saudi Arabia >> 3/30/2017 - Saudi Aramco has formally appointed JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N) and HSBC (HSBA.L) as international financial advisers for its initial public offering, sources familiar with the ...
Iraq Declares Extinguishing of Last Well in Qayara
Iraq >> 3/29/2017 - Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil declared the extinguishing of the well No.42 in Qayara field in Ninawa governorate, which was the last flaming remaining oil well in the north of I...

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