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Middle East


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...
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...
Saudi Aramco Examines Berri Oilfield Oil, Gas Expansion
Saudi Arabia >> 2/2/2017 - State oil giant Saudi Aramco is considering expanding its oil and gas production from the Berri offshore oilfield, industry sources told Reuters. Aramco would over time add 250,000 barrels per day of ...
Aramco Deploys Innovative Electrical Submersible Pumping System
Saudi Arabia >> 2/1/2017 - Saudi Aramco has announced the successful installation and functional test of the collaboratively developed Baker Hughes TransCoil rigless deployed electrical submersible pumping (ESP) system. ...
Saudi Arabia may Raise U.S. Oil Investments
Saudi Arabia >> 2/1/2017 - Saudi Arabia may increase its oil investments in the United States due to a more fossil fuel-oriented energy policy by the U.S. administration of President Donald Trump, the kingdom's energy minister ...
Saudi to Invite Bids for New Renewable Energy Projects in April 2017
Saudi Arabia >> 2/1/2017 - Saudi Arabia will invite international and domestic companies to bid for renewable energy projects in April, the energy minister said, adding that he expected to award the deals in September. ...
Iraq Seeks Foreign Partner for Second Gas Plant
Iraq >> 1/31/2017 - Iraq is looking for foreign partners to build and operate a second venture to process gas released as a by-product of oil production in its southern fields, state-run South Gas Company said. ...
Lebanese President Says Oil Production to Start in 2018
Lebanon >> 1/31/2017 - Lebanon expects to start oil production in 2018 and will deposit the resulting revenues into a sovereign wealth fund, President Michel Aoun said. "Everything that is extracted will be for the Lebanese...
Oman Signs EPSA Deal for Block 48
Oman >> 1/31/2017 - Oman’s Ministry of Oil and Gas signed an exploration and production sharing agreement with Oman Oil Company Exploration and Production for developing block 48, located between Al Wusta and Al Dhahira ...
Duqm Refinery’s Shareholder Agreement to be Signed Soon
Oman >> 1/31/2017 - A shareholder agreement between Oman Oil Company and Kuwait Petroleum International for building Duqm refinery will be finalised soon. ...
UAE Exports over 26mn barrels of Crude Oil to Japan
United Arab Emirates >> 1/31/2017 - Japan imported 26.097 million barrels of crude oil from the UAE in December 2016, according to the latest data released by the Agency of Energy and Natural Resource in Tokyo. ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 1/30/2017 - DNO ASA, the Norwegian oil and gas operator, reported receipt of USD 8.41 million from the Kurdistan Regional Government as payment towards June 2016 crude oil deliveries to the export market from the...
Kuwait Plans Power Company IPO as Part of Economic Overhaul
Kuwait >> 1/30/2017 - Kuwait plans to list a power and water company this year, as part of plan to overhaul its economy following the slump in oil prices. ...
AL WAHA to Use Honeywell Connected Plant to Improve Plant Performance
Saudi Arabia >> 1/30/2017 - Honeywell will provide its IIoT-based Connected Performance Services (CPS) offering to AL WAHA Petrochemicals Company to explore possibilities of maximizing propylene production. ...
Polarcus Changes its Board of Directors
United Arab Emirates >> 1/30/2017 - Polarcus Limited (Polarcus) announces that Mr. Chris Kelsall has resigned from the board of directors of the Company with effect from 29 January 2017. Chairman, Mr. Peter Rigg said: "I would like to t...
Duqm Port Work to be Completed by End-2019
Oman >> 1/29/2017 - All major works at the Duqm port will be completed by the last quarter of 2019, paving the way for it to become operational as a full-fledged port at by the beginning of 2020. With all major remaining...
Khazzan Project to Start Production by 2017 Fourth Quarter
Oman >> 1/28/2017 - Oman’s Khazzan tight gas project is on schedule to start first natural gas production on commercial basis in the fourth quarter of this year, according to a top-level official at the Ministry of Oil a...
Haya Water Signs Agreement with Tabreed Oman to Provide Treated Water
Oman >> 1/28/2017 - Haya Water has signed an agreement with Tabreed Oman Company to sell treated wastewater. As per the agreement, Haya Water will provide approximately 2,000 cubic metre of water per day for the ‘Palm Ma...
Lebanon Relaunches First Oil and Gas Licensing Round
Lebanon >> 1/27/2017 - Lebanon relaunched its first oil and gas exploration and production licensing round after a three-year delay, its energy minister said, kick-starting the development of a hydrocarbon industry stalled ...
SOC Rehabilitates Khor Al-Omaia Oil Port
Iraq >> 1/26/2017 - The South Oil Company (SOC) started the development operations and extension of Khor Al-Omaia oil field in the south of Iraq by the cooperation with the ministry of transportation. ...
Iraq to Double Oil Export Capacity at Terminal to 1.2 million bpd
Iraq >> 1/26/2017 - Iraq has started work to double the crude oil loading capacity at one of its two southern offshore oil export terminals to 1.2 million barrels per day, state-run South Oil Company (SOC) said. ...
Lebanon Relaunches Licensing Round
Lebanon >> 1/26/2017 - After the passing of the two outstanding decrees concerning the offshore exploration program, the Lebanese Minister of Energy and Water has now announced details related to a new pre-qualification rou...
PDO Signs Duqm $1.2B Pipe Supply Contract
Oman >> 1/26/2017 - Petroleum Development Oman (PDO) signed a US$1.2 billion contract to supply piping for its drilling operations through Duqm. The five-year deal with Japanese supplier Sumitomo further includes a new s...
Saudi Aramco Selects U.S. Firms to Audit its Reserves for IPO
Saudi Arabia >> 1/26/2017 - State oil giant Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources sai...
QP, Algeria Discuss Co-operation in Energy and Investment
Qatar >> 1/25/2017 - Mr. Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum, ended a 1-day working visit to Algeria during which he held a number of meetings with Algerian officials on cooperation in the fiel...
Saudi Aramco Shelves Plan for Joint Venture with Malaysia's Petronas
Saudi Arabia >> 1/25/2017 - Saudi Aramco has shelved plans for a partnership with Malaysian state-oil firm Petroliam Nasional Berhad in a $27 billion refining and petrochemical project in the southeast Asian country, industry so...
McDermott Awarded Offshore EPCI Contract from Saudi Aramco
McDermott Awarded Offshore EPCI Contract from Saudi Aramco Saudi Arabia >> 1/25/2017 - McDermott International, Inc. has been awarded a substantial contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Safaniya and Zuluf fields off...
McDermott Awarded Offshore Pipelay Contract in the Middle East
United Arab Emirates >> 1/25/2017 - McDermott International, Inc. was awarded an offshore pipelay contract in the Middle East. The pipelay contract, sizeable in value, includes the engineering, procurement and installation of two oil pi...
Saudi Aramco Asks Banks to Pitch for world's Largest Share Sale
Saudi Arabia >> 1/24/2017 - Oil and gas company Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world's biggest initial public offering, sources familiar with the matter told Reuter...
India Hopes to Complete Oil Storage Talks with UAE
United Arab Emirates >> 1/24/2017 - India hopes to conclude negotiations with the United Arab Emirates to fill its strategic oil reserves at Mangalore, in southern India, a foreign ministry official said. ...
DNO Reports Payment for Tawke Deliveries
Iraq >> 1/23/2017 - DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 38.89 million from the Kurdistan Regional Government as payment towards October 2016 crude oil deliveries to the export marke...
Iraq Plans to Triple Gas Liquids Exports from Southern Oilfields
Iraq >> 1/23/2017 - Iraq expects to more than triple exports of liquefied petroleum gas, and to double exports of gas condensates in 2017 as it collects more of these fuels at its southern oilfields, the head of the stat...
KOC Declares State of Emergency over Oil Leak
Kuwait >> 1/23/2017 - Kuwait's national oil company has declared a state of emergency over an oil leak in one of its southwestern oil fields. Monday's statement by the Kuwait Oil Co. did not identify the onshore oil field...
OPEC, Non-OPEC Monitoring Committee to Meet Next after March 17
Kuwait >> 1/22/2017 - A committee set up to monitor oil output cuts by OPEC and non-OPEC producers will meet next after March 17 in Kuwait, Kuwaiti Oil Minister Essam Al-Marzouq told reporters following the committee's fir...
Saudi Aramco Operating 220 Rigs, Says Energy Minister
Saudi Arabia >> 1/22/2017 - Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices, Saudi Arabia's energy minister told Sky News Arabia in a progra...
Shell to Sell Stake in Sadaf Chemicals Joint Venture in Saudi Arabia to Sabic
Saudi Arabia >> 1/22/2017 - Shell and SABIC have signed an agreement whereby SABIC will acquire Shell’s 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. ...
Halliburton Awarded Drilling Contract from Shell
Iraq >> 1/20/2017 - Halliburton has signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell's Majnoon Oil Field in Southern Iraq. Under the contract Hallibur...
Saudi Aramco to Boost Gas Production at Hawiyah, Haradh
Saudi Arabia >> 1/20/2017 - Saudi Aramco plans to boost gas production at its Hawiyah and Haradh plants to meet growing domestic energy needs, industry sources said. ...
Clarification about the Establishment of the Two Oil & Gas Companies
Iraq >> 1/19/2017 - The ministry of oil would like to clarify that the news which was published by it at the 17th of January 2017 and entitled with... ...
Coreworx Interface Management Implemented on $3.6B Petrochemical Project in Oman
Oman >> 1/19/2017 - Coreworx announced that its interface management solution was selected and implemented on a $3.6 Billion dollar (US) petrochemical complex project in Oman. The five year project involves 4 major inter...
Saudi's SABIC Q4 Net Profit Jumps 48 percent, First Rise in 10 Quarters
Saudi Arabia >> 1/19/2017 - Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported that its quarterly profit rose from a year earlier for the first time in ten quarters. ...
Polarcus Secures Multi-Year XArray Contract Award
United Arab Emirates >> 1/19/2017 - Polarcus Limited has received a letter of award from TGS-NOPEC Geophysical Company ASA (TGS) for acquiring 30,000 sq.km. of 3D multi-client data in Europe. Approximately 20,000 sq.km. will be acquired...
Iraq Offers Nasiriya Refinery for Investment
Iraq >> 1/18/2017 - According to the approval of the minister of oil. The ministry of oil would like to offer the Nasiriya refinery "with a capacity of 300 thousand barrels / day" to be invested according to the form BOO...
Gazprom Neft Completes The Electricity Network around Badra Field
Iraq >> 1/18/2017 - Gazprom Neft, operator of the Badra field, Iraq, has completed its modernisation of power networks in surrounding districts, with Gazpromneft-Badra, a subsidiary of Gazprom Neft, having been construc...
PDO Invites Firms to Unlock Potential of Habhab Heavy Oilfield
Oman >> 1/18/2017 - Majority state-owned Petroleum Development Oman (PDO) is looking to partner with international oil and gas companies in harnessing the prodigious hydrocarbon potential of its Habhab oilfield – a large...
Proserv Secures New Contracts in Saudi Arabia & India
Saudi Arabia >> 1/18/2017 - Proserv has secured contracts valued at more than $12 million so far this year and has revealed plans for further international growth with new bases in Saudi Arabia and India. ...
Japan Extends UAE Crude Storage Deal through 2019
United Arab Emirates >> 1/18/2017 - Japan has agreed to allow the Abu Dhabi National Oil Co (ADNOC) to store crude oil in the country for two more years, giving the nation's second-largest supplier continued access to a depot through 20...
Leviathan Partners Look to Sell 14.8 bcm of Gas to Israel's Edeltech
Israel >> 1/17/2017 - The partners involved in Israel's giant Leviathan natural gas field said they have entered talks to supply 14.8 billion cubic metres (bcm) of natural gas over 17 years to Edeltech, an Israeli private ...
Cape Awarded Insulation Work Packages for Jazan Project
Saudi Arabia >> 1/17/2017 - Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, announces that Cape RB Hilton has been awarded three substantial insulat...
Saudi Aramco to Continue Building Oil, Gas Capacity to Meet Demand
Saudi Arabia >> 1/17/2017 - Saudi Aramco Chief Executive Amin Nasser said the state oil giant was working on building its oil and gas production capacity to meet future demand growth. ...
Saipem Awarded $240M in Drilling Contracts
Saudi Arabia >> 1/17/2017 - Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drilling sector in Saudi Arabia, Morocco, Bolivia and Argentina for a total value of $240 million. ...
OPEC Member Countries Economy - December 2016
OPEC Member Countries Economy - December 2016 Saudi Arabia >> 1/17/2017 - The economy of Saudi Arabia expanded 1.4% y-o-y in 2Q16 with the gross value added in the oil sector growing 1.6% y-o-y and in the non-oil sector rising 0.4% y-o-y, according to the Saudi General Auth...
ABB Delivers E-House to UAE Offshore Oilfield
United Arab Emirates >> 1/17/2017 - ABB has shipped the first batch of nine electrical houses (E-Houses) to enable reliable power supply to offshore oil field in the UAE. ...
Iraq is Keen to Succeed the Agreement of OPEC to Cut Production
Iraq >> 1/16/2017 - The work sheet which was presented by Mr. Jabbar A. Allibi the minister of oil during the annual energy forum in Abu-Dhabi, took a considerable attention by the economic entities and the concerned aut...
One-Stop-Shop for New Mining Licenses in Oman
Oman >> 1/16/2017 - Oman’s Public Authority for Mining (PAM) is formulating a new mining exploration and development strategy, underpinned by a Single Window System for the issuance of new licenses, to help unleash the p...
Duqm Authority Signs $265M Finance Agreement with China-based Bank
Oman >> 1/16/2017 - Oman’s Special Economic Zone Authority in Duqm (Sezad) and China-based Asian Infrastructure Investment Bank (AIIB) have signed a $265 million loan agreement for funding the second phase of Duqm Port. ...

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