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Oman to Cut Crude Supplies to Asia by 15 pct from June
Oman >> 3/24/2017 - Non-OPEC producer Oman has notified its term customers in Asia that it will reduce supplies by 15 percent from June to meet local demand and as part of its commitment to cut output under a producers' ...
Saudi Exports to U.S. to Fall by 300,000 barrels per day in March
Saudi Arabia >> 3/24/2017 - Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official s...
Hempel Inaugurates New Factory in Kuwait
Kuwait >> 3/23/2017 - Hempel inaugurated a new factory in Mina Abdullah in Kuwait on 22 March. Built to ISO 9000 quality management guidelines, the new factory will meet growing demand for Hempel coatings in the region.
Local Firm Wins Oman Sebacic Acid Project Contract
Oman >> 3/22/2017 - Local contracting firm Al Duqm Global Construction has been awarded the main contract to undertake the construction of Oman’s first sebacic acid plant at the Duqm Special Economic Zone (SEZ). Total in...
China's SASAC, Saudi Aramco Discuss Oil, Engineering Cooperation
Saudi Arabia >> 3/22/2017 - A top official of China's state assets regulator met with Saudi Aramco's chief executive last week for discussions over cooperations in the oil, engineering and power sectors, according to a statement...
Aramco Plans $2B Bond Debut
Saudi Arabia >> 3/22/2017 - Saudi Arabian Oil Co. (Saudi Aramco ) is seeking to raise about $2 billion in its debut bond sale, the first step of a plan by the energy giant to tap markets for $10 billion, according to people fami...
Marlink to Build New Internet Service for Iraqi Oil & Gas Companies
Iraq >> 3/20/2017 - Global satcom specialist Marlink, UK-based service integrator Defaultroute and Iraqi Internet service provider Abr Al Manara have joined forces to deliver a groundbreaking hybrid digital connectivity ...
Saudi Aramco Launches Center for Contractors and Suppliers Relations
Saudi Arabia >> 3/20/2017 - Saudi Aramco launched a contractors and suppliers relations center in the Chamber of Commerce and Industry in Riyadh to facilitate the registration process and help contractors reach the company. ...
Beijing, Saudi Arabia Agree to More Oil Cooperation
Saudi Arabia >> 3/18/2017 - China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint communique issued at the end of Saudi Arabian King ...
Masirah Oil Spuds Exploration Well in Block 50 Oman
Oman >> 3/17/2017 - Masirah Oil Limited (“Masirah”) and its partners announced that the drilling of exploration well Karamah#1 in Block 50 Oman has started on 17 March 2017. ...
Saudi Oil Minister Says Output Cuts May be Extended if Necessary
Saudi Arabia >> 3/17/2017 - A deal to cut oil output by the Organization of the Petroleum Exporting Countries could be extended if inventories remain above average, Saudi Energy Minister Khalid al-Falih said in an interview with...
Magseis, BGP Awarded Red Sea Contract Extension
Saudi Arabia >> 3/17/2017 - Magseis has, together with its partner BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data block in the Red Sea. The...
Iraq Plans to Boost Crude Oil Production and Exports in 2017
Iraq >> 3/15/2017 - Iraq pumped 4.57 million barrels a day of oil in February and plans to boost output later in the year even as the OPEC member reaffirmed its commitment to the group’s decision to cut production to cou...
Iraq's Talks with Exxon to Develop New Southern Fields in Progress
Iraq >> 3/15/2017 - Iraq's talks with U.S. oil major Exxon Mobil Corp to develop two small southern oilfields are progressing well, the head of state-run South Oil Co. said. ...
Bilfinger Wins €200M Contract Extension in Oman as Part of JV
Oman >> 3/15/2017 - Bilfinger has secured a multi-million euro framework contract extension for engineering and maintenance services in Oman as part of a joint venture. The longstanding successful cooperation with oil an...
Oman Refiner Said to Hire Credit Agricole for $6 Billion Project
Oman >> 3/15/2017 - Oman’s Duqm Refinery & Petrochemical Co. hired Credit Agricole SA to advise on fundraising for its $6 billion project, according to two people with knowledge of the plan. ...
Wartsila to Supply 38 MW Power Plant to Saudi Arabia
Saudi Arabia >> 3/15/2017 - The technology group Wartsila will supply a 38 MW power plant to a Saudi Arabian customer. The turn-key engineering, procurement and construction (EPC) order includes four Wartsila 32TS engines. The o...
Saudi Aramco to Resume Oil Product Shipments to Egypt Soon
Saudi Arabia >> 3/15/2017 - Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said, signaling a potential thaw in relat...
PGNIG Signed a Strategic Agreement with Qatargas
Qatar >> 3/14/2017 - Polish Oil and Gas Company (PGNiG) signed a side agreement to the existing Sale and Purchase Agreement (SPA) with Qatargas, the World’s Premier Liquefied Natural Gas Company. ...
Petsec Energy to Supply Oil Tanker Loading Equipment in Yemen
Yemen >> 3/14/2017 - Petsec Energy announces the execution of a contract for the manufacture and delivery of oil tanker loading equipment to be installed at the An Nagyah Central Processing Facility (CPF) within the Compa...
Kuwait Willing to Extend OPEC Deal
Kuwait >> 3/13/2017 - Kuwait will support the extension of a global deal to cut oil supply beyond June, the country's oil minister said on Monday as the market needs more time to rebalance. ...
NDT CCS Acquires Majority Stake in Omani Firm
Oman >> 3/12/2017 - Investcorp’s portfolio company, NDT Corrosion Control Services Co. (NDT CCS), announced the acquisition of a majority stake in Hi-Tech Inspection Services, Oman’s largest provider of industrial non-de...
SMC Awards SNC-Lavalin EPC Contract for Ammonia Plant Construction
Oman >> 3/12/2017 - Salalah Methanol Company (SMC), a wholly owned subsidiary of Oman Oil Company (OOC), has awarded SNC-LAVALIN, a contract for the engineering, procurement and construction (EPC) of a 1,000 metric tons ...
Amec FW Wins PIC Refinery-petchem Integration Deal
Kuwait >> 3/10/2017 - Amec Foster Wheeler awarded a contract by Petrochemical Industries Company K.S.C. (PIC), a subsidiary of the Kuwait Petroleum Company (KPC), for the integration project between its Olefins III, Aromat...
Gazprom Neft Commissions Three New Wells at Badra Field in Iraq
Iraq >> 3/9/2017 - Gazprom Neft Badra — a subsidiary of Gazprom Neft — has commissioned three new production wells (BD-2, P-14 and P-10) at the Badra field in Iraq. Total production across all three wells is running at ...
Iraq Announces Increase in Kirkuk Oil Refinery Capacity
Iraq >> 3/8/2017 - Iraq has added a processing unit to the Kirkuk oil refinery, increasing the plant's capacity by 10,000 barrels per day, the oil ministry said in a statement. ...
SEZAD and PDO Sign MoU to Train Jobseekers
Oman >> 3/8/2017 - The Special Economic Zone Authority in Duqm (SEZAD) and Petroleum Development Oman (PDO) signed a Memorandum of Understanding (MoU) that provides for the development of a joint mechanism for co-operat...
McDermott Signs MOU with Saudi Aramco to Construct New Marine Complex
Saudi Arabia >> 3/8/2017 - McDermott International, Inc. plans to construct offshore production solutions in Saudi Arabia. McDermott signed a memorandum of understanding with Saudi Aramco for a long-term land lease at the new m...
DNO Reports Payment for Tawke Deliveries
Iraq >> 3/7/2017 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 43.79 million from the Kurdistan Regional Government as payment towards December 2016 crude oil deliveries to the export market fro...
SNC-Lavalin Awarded Five-year Commissioning Framework Agreement by PDO
Oman >> 3/7/2017 - SNC-Lavalin announces that its wholly owned subsidary Kentz Overseas Company WLL has been awarded a five-year commissioning support services framework agreement by Petroleum Development Oman (PDO). Un...
Burning Less Oil at Home will Help Saudi Exports and Aramco IPO
Saudi Arabia >> 3/7/2017 - Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy pricoiles and uses more natural gas in power stations, industry sources s...
The Kingdom Fights Back Against Cyber Crime
Saudi Arabia >> 3/7/2017 - Cyber-Crime is not a new phenomenon, but it’s hitting the headlines as never before, with organization across GCC suffering high profile and damaging reaches. The growing frequency and sophistication ...
StocExpo Middle East Africa Promises Strong Conference Programme & Busy Exhibition
United Arab Emirates >> 3/6/2017 - Top regional oil companies, tank terminal operators, traders, financiers and regulatorsare confirmed to speak at StocExpo Middle East Africa, the region’s leading exhibition and conferenceto be held a...
ADNOC Distribution Opens Two New Marine Services Stations
United Arab Emirates >> 3/5/2017 - In line with the initiatives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, to ensure the highest quality of life for the people of the UAE and support the country’s sustain...
Wood Group Begins Detailed Engineering of Leviathan
Israel >> 3/2/2017 - Wood Group recently completed the seven month front end engineering design (FEED) for Noble Energy’s Leviathan Field Development Project in the Eastern Mediterranean Sea and has started the detailed e...
Cape Signs Five-year Contract with QAPCO
Qatar >> 3/2/2017 - Cape plc (CIU.LN), an international leader in the provision of critical industrial services to the energy and natural resources sectors, announces its Qatar operations have been awarded a five-year fr...
Qatar Fertilizer Company Awards Five-year Scaffolding Contract to Cape
Qatar >> 3/2/2017 - Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, announces that its Qatar operations have been awarded a five-year framew...
Polarcus Secures Further Extension to South American Campaign
United Arab Emirates >> 3/2/2017 - Reference is made to the stock exchange release issued on 08 February 2017 in which Polarcus Limited (PLCS) announced an award for an extension of the 3D marine seismic project in South America with a...
Siemens to Supply Gas Turbines to Oman's Liwa Plastics Complex
Siemens to Supply Gas Turbines to Oman's Liwa Plastics Complex Oman >> 3/1/2017 - Siemens and its Dresser-Rand business will supply two gas turbine-driven compressor trains and two gas turbine generator packages for the Liwa Plastics Industries Complex, a major petrochemical projec...
Middle East Oil Demand - February 2017
Middle East Oil Demand - February 2017 Saudi Arabia >> 3/1/2017 - In Saudi Arabia, December 2016 oil demand recorded a decline of around 80 tb/d or 3.5% y-o-y. Total consumption in the country stood at 2.21 mb/d, the lowest monthly total consumption for the month of...
Marubeni Signs PPA for 1.18GW Sweihan Solar Plant in UAE
United Arab Emirates >> 3/1/2017 - Marubeni Corporation (“Marubeni”) announces that Marubeni and JinkoSolar Holding Co., Ltd (“JinkoSolar”) have signed a power purchase agreement (“PPA”) with Abu Dhabi Water and Electricity Company (“A...
ALE Installs Saudi's First Wind Turbine
Saudi Arabia >> 2/28/2017 - ALE has completed the whole turnkey solution to install the first-ever wind turbine in Saudi Arabia. Starting in January, ALE was contracted for the transportation, erection and installation of one 2....
Shell LNG Tanker Al Khattiya Damaged in Collision off UAE
United Arab Emirates >> 2/28/2017 - The Al Khattiya liquefied natural gas (LNG) tanker, one of the world's largest, suffered damage to its hull in a collision with an oil tanker off the United Arab Emirates last week, operator Royal Dut...
Iraq Plans Offshore Oil and Gas Exploration to Boost Reserves
Iraq >> 2/27/2017 - Iraq is planning to start offshore oil and gas exploration to boost the OPEC nation's reserves, Oil Minister Jabar al-Luaibi said in a statement. Luaibi said he “gave guidance to the Oil Exploration C...
Iraq Ministry of Oil Extinguishes the Well No.58 in Qayara Oil Field
Iraq >> 2/27/2017 - The ministry of oil declared for the extinguishing of the well No.58 in Qayara oil field. The spokesman of the ministry Mr. Assim Jihad said that the technical and engineering staff of the north oil c...
McDermott Reaches 50m Man-hours Performed without LTI in Middle East
United Arab Emirates >> 2/27/2017 - Leading EPCI contractor McDermott International, Inc., reached 50 million man-hours without a lost time incident in its Middle East Area. ...
Dar Group Acquires WorleyParsons Stake
United Arab Emirates >> 2/27/2017 - Dar Group has acquired a total exposure of 13.35% in the issued shares of WorleyParsons Limited, comprised of physical shares of 8.61% and a cash settled equity swap exposure of 4.74%. ...
Iraq Signs $500 million Electricity Deal with ABB
Iraq >> 2/26/2017 - Iraq signed a $500 million agreement with ABB to implement energy projects, Prime Minister Haider al-Abadi's office said in a statement. ...
Qatar Petroleum Says QAPCO to Operate QVC
Qatar >> 2/26/2017 - Qatar Petroleum (QP) announced a plan to integrate the activities of Qatar Vinyl Company (QVC), which is part of Mesaieed Petrochemical (listed in Qatar Stock Exchange), into Qatar Petrochemical Compa...
Bombs Target Oil Pipeline in Iraq's Kirkuk, One Killed
Iraq >> 2/25/2017 - Four bombs went off near a minor pipeline from an oilfield close to the northern Iraqi city of Kirkuk, security and oil industry sources said. ...
Qatari Al-Shaheen Crude Loading Delays Seen in Feb-March 2017
Qatar >> 2/24/2017 - Supply disruptions at Qatar's largest offshore oilfield al-Shaheen are expected to last until April as at least three lifters have been notified of loading delays in February and March, three trade so...
Iraq Ministry of Oil Declares a New Investment Refinery in Basra
Iraq >> 2/23/2017 - The ministry of oil would like to announce for the offering of a new investment refinery in Basra province – Faw city with a capability of 300 thousand barrels/ day and capable of being extended to pr...
Siemens to Supply Five Large Gas Turbines to Saudi Arabia
Saudi Arabia >> 2/23/2017 - Siemens has received an order for five F-class gas turbines for a combined heat and power (CHP) plant in the Kingdom of Saudi Arabia. With an electrical generating capacity of about 1,500 megawatts (M...
Lukoil and Inpex Successfully Complete Well Test at Block 10
Iraq >> 2/22/2017 - LUKOIL and INPEX have successfully completed the testing of the first exploratory well, Eridu 1, at Block 10 in southern Iraq. The well recorded daily flow rate of more than 1,000 cubic meters of swee...
Saudi Aramco in Lead to Buy OMV's Turkish Unit Petrol Ofisi
Saudi Arabia >> 2/22/2017 - Oil giant Saudi Aramco is believed to be the front-runner to buy Turkish fuel stations business Petrol Ofisi from Austrian oil group OMV , sources familiar with the matter said. Saudi Aramco has place...
ADNOC Signs 10-year Deal for sale of 528,000 tonnes of LPG p/a to Vitol
United Arab Emirates >> 2/22/2017 - The Abu Dhabi National Oil Company, ADNOC, has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG over the next 10 year...
Rosneft and KRG Signed an Oil Deal
Iraq >> 2/21/2017 - Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the I...
Iraq & Iran Signs MOU for Joint Cooperation
Iraq >> 2/21/2017 - Mr. Jabbar A. Allibi the minister of oil signed a memorandum of understanding with his Iranian counterpart Mr. Beigin Zangana to establish joint committees to finish some of the important cases. ...
Delek Signs Agreement for Leviathan Financing
Israel >> 2/21/2017 - Delek Group announces that further to immediate report dated November 27, 2016 (Ref No. 2016-01-132058), with regard to a signature of a Commitment Letter for the signing of a financing agreement, the...
Kuwait to Raise Oil Output Capacity to 4.75 mln bpd by 2040
Kuwait >> 2/21/2017 - OPEC-member Kuwait plans to raise its oil production capacity to 4.75 million barrels per day (bpd) by 2040 as part of a strategy to expand its downstream investments, Kuwait state news agency reporte...
Pre-feasibility Study for Oman Fertilizer Project Under Way
Oman >> 2/21/2017 - Pre-feasibility studies are under way aimed at assessing the viability of establishing a commercial-scale fertilizer project in the Sultanate utilising potentially substantive potash deposits in the U...
Saudis Plans $50b Renewable Energy Projects to Cut Oil Use
Saudi Arabia >> 2/21/2017 - Saudi Arabia is kicking off its $50 billion renewable-energy push as the world’s top crude exporter turns to solar and wind power to temper domestic oil use in meeting growing energy demand. ...
Iraq Ministry of Oil Extinguishes the Well No.77 in Qayara Oil Field
Iraq >> 2/20/2017 - The ministry of oil declared for the extinguishing of the well No.77 in Qayara oil field. The spokesman of the ministry Mr. Assim Jihad said that the technical and engineering staff of the north oil c...
Iraq, Iran Consider Building Pipeline to Export Kirkuk Crude
Iraq >> 2/20/2017 - Iraq and Iran signed a memorandum of understanding to study the construction of a pipeline to export crude oil from the northern Iraqi fields of Kirkuk via Iran, the Iraqi oil ministry said in a state...
Rosneft Started Drilling of the First Exploration Well in Iraq
Iraq >> 2/20/2017 - The company of Rosneft group started drilling of the first exploration well at the Block 12 in the Republic of Iraq. Salman-1 well will be drilled to the measured depth of 4,245 m through Kurra Chine...
Iraq's Oil Reserves Increase to 153 Billion Barrels
Iraq >> 2/20/2017 - Mr. Jabbar A. Allibi the minister of oil declared for the elevation of the Iraqi reserves to (153) billion barrels. Mr. Allibi said that the exploration & reservoir activities in (7) oil fields in the...
Bechtel Awarded National Project Management Contract in Saudi Arabia
Saudi Arabia >> 2/20/2017 - Bechtel, a global leader in engineering, procurement, and construction, has been awarded a contract to support setting up and operating the National Project Management Organization (NPMO) in Saudi Ara...
Abu Dhabi Awards China's CEFC 4 pct of Oil Concession for $900 mln
United Arab Emirates >> 2/20/2017 - Abu Dhabi awarded a 4 percent stake in its giant onshore oil concession to CEFC China Energy Co for a fee of 3.3 billion dirhams ($900 million), state-owned Abu Dhabi National Oil Co (ADNOC) said. ...
Middle East to Invest $294b in Oil and Gas Projects
Oman >> 2/19/2017 - Oil producers across the Middle East and North Africa (Mena) region have been continuing to spend heavily on oil, gas and petrochemicals’ production capacity despite the fall in oil prices since 2014....
ADNOC Awards CNPC Stake in ADCO Onshore Concession
United Arab Emirates >> 2/19/2017 - Abu Dhabi National Oil Company (ADNOC), signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a s...
Saudi Oil Pipeline Leak Causes One Death, Three Injuries
Saudi Arabia >> 2/18/2017 - An oil leak in a Saudi Aramco pipeline in eastern Saudi Arabia caused one death and three injuries, a Saudi newspaper said. ...
Iraq Plans to Acquire 'Large Fleet' of Oil Tankers
Iraq >> 2/17/2017 - Iraq plans to acquire a "large fleet" of oil tankers to transport the OPEC nation's crude to global markets, Oil Minister Jabar al-Luaibi said in a statement. ...
Lamprell Delivers New NDC Jack-up Drilling Rig
United Arab Emirates >> 2/17/2017 - Lamprell, a leading provider of diversified engineering and contracting services to the energy industry, announces the completion of construction on a further jackup drilling rig, the “Al Hudairiyat”,...
CGG Completes Industry-First FalconPlus Survey for Bapco
Bahrain >> 2/16/2017 - CGG has completed the acquisition and processing of the first ever Airborne Gravity Gradiometry (AGG) survey of the Kingdom of Bahrain. Conducted on behalf of the Bahrain Petroleum Company (Bapco), th...
Oman Considers Taking Early Payments for Oil to Avoid New Debt
Oman >> 2/16/2017 - The government of Oman is considering financing structures that let it get advance payments from oil traders, reducing the government's need to borrow more money from banks, sources familiar with the ...
Abu Dhabi's New $125 bln Fund to Start Operating in May 2017
United Arab Emirates >> 2/16/2017 - A $125 billion Abu Dhabi state investment firm, formed by merging two of the emirate's biggest funds, is expected to start operating in May, its chief executive said. ...
Kerogen Capital Invests in Energean Israel
Israel >> 2/15/2017 - Energean Oil & Gas is pleased to announce that Kerogen Capital has committed to invest an initial US$50 million in Energean Israel, a subsidiary of Energean, ahead of the planned $1.3 billion developm...
Tethys Oil: Correction of Export Error Affects Revenue and Result Negatively
Oman >> 2/14/2017 - Tethys Oil has been informed by the operator of Block 3 and 4, that due to an inadvertent fiscal metering calibration problem, an over-reporting of exported oil from Blocks 3 and 4 during the period A...
Dana Gas Says Wins Court Judgement in Kurdistan Dispute
United Arab Emirates >> 2/14/2017 - United Arab Emirates energy firm Dana Gas, one of the largest investors in Iraq's Kurdistan region, said it had won a judgement against the Kurdistan Regional Government (KRG) at a London tribunal. ...
ABB Delivers Substation to Enable Power Flow from Solar Park
United Arab Emirates >> 2/14/2017 - ABB has successfully energized a major substation that will help evacuate power from the Mohamed Bin Rashid Al Maktoum (MBR) Solar Park, a key element of the vision to generate 7 percent of Dubai’s po...
New Partnership with Hamriyah Freezone Authority Announced
United Arab Emirates >> 2/14/2017 - Access is completely free to the exhibition at StocExpo Middle East Africa, to be held in Dubai on 26th and 27th April, with visitors able to enjoy a world-class exhibition. ...
Genel Energy Provides Update on Miran and Bina Bawi Fields
Iraq >> 2/13/2017 - Genel Energy plc has finalised documentation of previously agreed terms of Amended and Restated Production Sharing Contracts (‘PSC’s) and Gas Lifting Agreements (‘GLA’s) for both the Miran and Bina Ba...
Kuwait's KPC to Spend 35B dinars on Oil Projects in 5 Years
Kuwait >> 2/13/2017 - Kuwait Petroleum Corp (KPC) expects to spend 35 billion dinars ($114.8 billion) on oil projects in the next five years, its chief executive officer said, adding 30 percent of the amount would be for l...
Hyflux Signs MOU to Develop Three Desalination Plants in Saudi Arabia
Saudi Arabia >> 2/13/2017 - Hyflux Ltd, through its wholly-owned subsidiary Hydrochem Saudi Limited, signed a Memorandum of Understanding (MOU) with the state-owned Saline Water Conversion Corporation (SWCC) following a public ...
Oxy Welcomes OOCEP’s 45 per cent Interest in Oman Block 9
Oman >> 2/11/2017 - US-based international oil and gas producer Occidental Petroleum Corporation (Oxy) says it is optimistic about growth prospects across its substantial operations in the Sultanate, most notably in Bloc...
Abu Dhabi Seeks over 240,000 T Gasoline after Recent Fire
United Arab Emirates >> 2/10/2017 - Abu Dhabi National Oil Co (ADNOC) is seeking over 240,000 tonnes of gasoline for March to April to plug a supply shortfall following a fire that shut half of the capacity at its oil refinery recently,...
Iraq's Basra Oil Export Terminal Resumes Loadings after 24 hour Halt
Iraq >> 2/9/2017 - Iraq's main oil export terminal, off the southern city of Basra, resumed loading after a 24-hour halt because of work to install a new pipeline feeding the facility, an executive at state-run South Oi...
KNPC Signs Deal to Treat Liquid Sulfur
Kuwait >> 2/9/2017 - Kuwait National Petroleum Company (KNPC) announced that it has partnered with Gulf Spic General Trading and Contracting Company (GS), for a project to build facilities for the treatment of liquid sulf...
DNO Announces 'Stepped up Drilling Campaign' in Kurdistan and Oman
Oman >> 2/9/2017 - DNO ASA, the Norwegian oil and gas operator, announced a stepped up drilling campaign in the Kurdistan region of Iraq and the Sultanate of Oman on the back of 2016 operating profits and improved payme...
Saudi Aramco, Baker Hughes Introduce ESP System
Saudi Arabia >> 2/9/2017 - Saudi Aramco and Baker Hughes announced the first installation of the TransCoil™ rigless-deployed electrical submersible pumping (ESP) system, which is designed to help operators bring wells on produc...
Polarcus Awarded 4D Project Offshore West Africa
United Arab Emirates >> 2/9/2017 - Polarcus Limited (Polarcus) has received a letter of award for a 4D marine seismic acquisition project offshore West Africa. The project is due to commence in Q2 2017 and will run for approximately on...
Polarcus Secures Extension of South American Campaign
United Arab Emirates >> 2/8/2017 - Reference is made to the stock exchange release issued on 16 December 2015 in which Polarcus Limited announced an award for a 3D marine seismic project in South America.

The company is pl...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 2/7/2017 - Genel Energy plc is pleased to announce that the Taq Taq field partners have received a gross payment of $16.55 million from the Kurdistan Regional Government ('KRG') for oil sales during November 201...
Receipt of Payment for KRI Oil Exports from Tawke Field
Iraq >> 2/7/2017 - Genel Energy plc notes the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a payment of $35.45 million from the Kurdistan Regional Government as ...
Middle East Oil Demand - January 2017
Middle East Oil Demand - January 2017 Iraq >> 2/7/2017 - Oil demand in Saudi Arabia dropped sharply in November by a massive 0.29 mb/d, or 12.0% y-o-y. As a result, total product consumption dropped as low as 2.16 mb/d, the lowest monthly total recorded for...
Amec Foster Wheeler Opens New Office in Oman
Oman >> 2/7/2017 - Amec Foster Wheeler announces the opening of a new office in the Sultanate of Oman. Establishing a permanent presence there will support the transfer of the company's global experience and capabilitie...
Oil Sector to Employ over 2000 Kuwaitis in 2017-2018
Kuwait >> 2/5/2017 - Kuwait Petroleum Corporation (KPC) is set to employ over 2000 Kuwaitis for the fiscal year 2017-2018. With the new employment, the number of new Kuwaiti workers in the oil sector will reach 4000 for t...
Sohar Refinery Improvement Project 99pc Complete
Oman >> 2/4/2017 - Orpic, the nation’s refining and petrochemicals flagship, has announced the successful completion of a trio of major components at the heart of its multi-billion dollar upgrade of its refinery at Soha...
Saudi Arabia Raises March Crude Oil Pricing for All Buyers
Saudi Arabia >> 2/3/2017 - Saudi Arabia, the world’s largest crude exporter, raised pricing for March sales to buyers from the U.S. to Asia as output cuts by OPEC and other producers shore up oil prices. ...
Energean Appoints TechnipFMC as FEED Contractor
Israel >> 2/2/2017 - Energean Oil & Gas has appointed TechnipFMC as the Concept and Front End Engineering Design (FEED) contractor for the Karish and Tanin development programme. This follows Energean’s recent decision to...

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