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Middle East


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. ...
Saudi to Launch $30-50 billion Renewable Energy Program Soon
Saudi Arabia >> 1/16/2017 - Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said. ...
Japan's Inpex to Extend Holding in Abu Dhabi Oilfields
United Arab Emirates >> 1/16/2017 - Inpex Corporation (INPEX) has agreed in principle with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu ...
ADNOC Shuts Half Capacity at Ruwais Refinery after Fire
United Arab Emirates >> 1/16/2017 - Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week, three industry sources familiar with the matter said. ...
Yokogawa Wins Control Systems Order for UAE Power Station
United Arab Emirates >> 1/16/2017 - Yokogawa Electric Corporation announces that its subsidiary Yokogawa Middle East & Africa has received an order from the Sharjah Electricity & Water Authority (SEWA) to provide control systems for the...
Boskalis Receives LOI for $510m Duqm EPC Contract
Oman >> 1/15/2017 - Royal Boskalis Westminster N.V. (Boskalis) has received a Letter of Intent to Award a contract for the development of the port of Duqm in Oman. The contract with a value of approximately EUR 480 milli...
Saudi's SAFCO Reports 25% Drop in Profits
Saudi Arabia >> 1/15/2017 - Saudi Arabia Fertilizers Co (SAFCO) beat analyst forecasts but extended its earnings slump, reporting a 25 percent decline in fourth-quarter net profit. ...
Saudi Aramco Extends SNC-Lavalin's GES+ Contract
Saudi Arabia >> 1/12/2017 - SNC-Lavalin Fayez Engineering (SLFE), an engineering consultancy partnership between SNC-Lavalin and Dr. Zuhair Fayez, has been awarded a five-year extension to its existing General Engineering Servic...
Iraq Relations with Turkey Will Be Developed Positively
Iraq >> 1/11/2017 - Mr. Jabbar A. Allibi the minster of oil expected a fast development in the bilateral relations between Iraq and Turkey during the next period in the oil & energy sector. ...
Iraq Invites Sonangol Company to Resume Work at Retaken Oil Fields
Iraq >> 1/11/2017 - Mr. Jabbar A. Allibi the minister of oil invited Sonangol Angolan Company to resume their work in developing Kayara & Najma oil fields in Nineveh governorate. ...
Iraq Extinguished of Well No.66 in Kayara Oil Field
Iraq >> 1/11/2017 - Mr. Assim Jihad the spokesman of the ministry of oil declared that the technical & engineering staff of the north oil company (NOC) and the supporting authorities of the civil defense and the military...
Oryx Petroleum Announces Update on Operations
Iraq >> 1/10/2017 - Oryx Petroleum Corporation Limited announces an update on its operations. In December 2016, the Zey Gawra-1 well was side-tracked (referred to in this press release as the “Zey Gawra-1ST well”) and co...
Iraq Plans Record February Basra Oil Exports Despite OPEC Cut in Force
Iraq >> 1/10/2017 - Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month. ...
Plexus Wins Equipment Order for Block 50 Well
Oman >> 1/10/2017 - Scottish firm Plexus Holdings has announced that a new contract will see its innovative oilfield technology used for a second exploration well in Block 50 offshore Oman. ...
Wood Group Secures Multi-million dollar Agreement with Aramco
Wood Group Secures Multi-million dollar Agreement with Aramco Saudi Arabia >> 1/10/2017 - Wood Group has secured a five year, multi-million dollar framework agreement to continue to provide engineering and project management services to Saudi Aramco’s onshore capital programmes in the King...
Dragon Oil Company Appoints New CEO
United Arab Emirates >> 1/10/2017 - The board of Dragon Oil, a subsidiary of Dubai government owned by the ENOC Group, has appointed Saif Humaid Al Falasi as the new Chief Executive Officer with immediate effect. Al Falasi takes over fr...
DNO Makes Cretaceous Oil Discovery at Peshkabir
Iraq >> 1/9/2017 - DNO ASA, the Norwegian oil and gas operator, announced that the Peshkabir-2 well currently drilling in the Kurdistan region of Iraq has discovered oil in the Cretaceous horizon in the southern flank o...
Iraq Exports 22.724 Cubic Meters of C5 Condensed Gas
Iraq >> 1/9/2017 - The ministry of oil declared for the exportation of the first shipment "and the 14th one" of the condensed gas for 2017 by the Basra Gas Company through Um-Qasr Port. ...
Petrofac Awarded $600M EPC Contract for Salalah LPG Extraction Project
Petrofac Awarded $600M EPC Contract for Salalah LPG Extraction Project Oman >> 1/9/2017 - Petrofac has signed a contract worth close to US$600 million with Salalah LPG SFZCO LLC (SLPG), wholly owned subsidiary of Oman Oil Facilities Development Company LLC (OOFDC), to undertake the enginee...
Polarcus Wins Broadband 3D Project Offshore West Africa
United Arab Emirates >> 1/9/2017 - Polarcus Limited (Polarcus) has received a letter of intent for a broadband 3D marine seismic acquisition project offshore West Africa. The project is due to commence in Q1 2017 and will run for appro...
Rockwell Automation Scales Serialization Solution for Pharmaceutical & Medical Device Manufacturers
United Arab Emirates >> 1/9/2017 - Mandated serialization standards across markets require pharmaceutical and medical device manufacturers to adopt specified standards to track and trace products across their supply chains. The newly u...
Offshore Marine Construction Work at Bahrain LNG Terminal
Bahrain >> 1/5/2017 - GS Engineering & Construction (Main Contractor) and its subcontractor (SixConstruct), appointed by Bahrain LNG W.L.L, shall be commencing the offshore Construction works for the Bahrain LNG Import ter...
Saudi Aramco Extends WorleyParsons Contract
Saudi Arabia >> 1/5/2017 - WorleyParsons announces the renewal of the General Engineering Services Plus (GES+) contract with Saudi Aramco for an additional five (5) years with further potential for up to three additional one ye...
Iraq & Iran Discuss the Cooperation in the Oil & Gas Sector
Iraq >> 1/4/2017 - The preliminary meetings has started in Baghdad between the both Iraqi & Iranian ministries of oil to prepare a form of a memorandum of the bilateral cooperation between the two countries in the secto...
Kuwait Petroleum Corp Committed to OPEC Oil Output Cut
Kuwait >> 1/4/2017 - State-owned Kuwait Petroleum Corp (KPC) said it was committed to an oil output cut agreed by the Organization of Petroleum Exporting Countries at a meeting in Vienna in November, Kuwait's state news a...
Lebanon OKs Oil Decrees to Start Stalled Tender Process
Lebanon >> 1/4/2017 - Lebanon's new government passed two decrees concerning oil and gas exploration blocks, meaning a tender process for offshore reserves, stalled since 2013, can begin. ...
McDermott Awarded Offshore EPCI Contract from Saudi Aramco
Saudi Arabia >> 1/4/2017 - McDermott International, Inc. was awarded a contract from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offsho...
Total Exported Quantities of the Liquefied Gas & Condensed Gas during 2016
Iraq >> 1/3/2017 - The ministry of oil declared the total exported quantities of the C5 condensed gas and the surplus liquefied gas during the last year. Mr. Assim Jihad the spokesman of the ministry said that the expor...
The Amooriya Shipwreck was Removed away from the Exportation Ports
Iraq >> 1/3/2017 - The ministry of oil said that the workers of the South Oil Company (SOC) removed the shipwreck of Amooriya tanker ship from the bottom of the sea away from the southern exportation ports. ...
Iraqi PM Says Kurds Exporting More Oil than Allocated
Iraq >> 1/3/2017 - Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut. ...
Gulf Marine Wins Long-term Contract in Middle East
United Arab Emirates >> 1/3/2017 - Gulf Marine Services, the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, announces a new long-term contract awar...
Saudi's Yamama Cement Secures 1 bln riyals in Funds for New Plant
Saudi Arabia >> 1/2/2017 - Saudi Arabia's Yamama Cement Company has secured 1 billion riyals ($266.6 million) in Islamic financing to partially fund the building of a new factory, it said. ...
Saudi Aramco Awards Two EPCI Contracts to L&T Hydrocarbon
Saudi Arabia >> 1/2/2017 - L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, in consortium with EMAS CHIYODA Subsea, has announced the conclusion of two awards involving Engineering, Procurement, ...
Alfa Laval Wins SEK 150M Energy-efficiency Order in the Middle East
United Arab Emirates >> 1/2/2017 - Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has won an order to supply compact heat exchangers to a natural gas plant in the Middle East. The order, booked ...
Gazprom Neft Begins Pre-commissioning at Complex Gas Treatment Plant (CGTP)
Iraq >> 12/29/2016 - Pre-commissioning works for a complex gas treatment plant (CGTP) have commenced at the Badra oilfield, Iraq, operator of which is Gazprom Neft. The facility, with a production capacity of 1.6 billion ...
SDRL Announces 3 Year Contract Extension for Jack-up AOD III
Saudi Arabia >> 12/29/2016 - Seadrill Limited (SDRL) has received a three year contract extension from Saudi Aramco for the jack-up AOD III expiring in December 2019. The extension is in direct continuation of the current contrac...
Kuwait Energy Says Signs $100m Financing Facility with Vitol
Iraq >> 12/28/2016 - Kuwait Energy signed a forward sale agreement with Vitol providing it with a financing facility for up to $100 million. ...
Middle East Oil Demand - December 2016
Middle East Oil Demand - December 2016 Saudi Arabia >> 12/28/2016 - In the Middle East, slower-than-expected oil demand requirements were registered during the month of October with oil demand in Saudi Arabia declining sharply for the second straight month. Oil demand...
Takreer Awards Two Contracts to Amec and Axens
United Arab Emirates >> 12/28/2016 - The Abu Dhabi Oil Refining Company (TAKREER), an ADNOC Group company, awards two major contracts for its Gasoline and Aromatics Project (GAP), that will significantly increase its gasoline production ...
Qayara Well Fire Extinguished
Iraq >> 12/27/2016 - Mr. Jabbar A. Allibi the minister of oil declared for extinguishing the well No. 68 in Qayara oil field in Nineveh governorate. Mr. Allibi said that the technical & engineering staff of the north oil ...
Qatargas Announces the Commercial Start-up of Laffan Refinery 2
Qatar >> 12/24/2016 - Qatargas announced the commercial start-up of Laffan Refinery 2, marking a major milestone in the expansion of refining capacity in the State of Qatar. The project will refine 146,000 barrels per day ...
Genel Energy Completes Drilling at Taq Taq Field
Iraq >> 12/23/2016 - Genel Energy plc issues the following update in respect of the Taq Taq field (Genel 44% working interest). The third and final well of the 2016 Taq Taq drilling programme, TT-16y, has been successfull...
Vestas Wins 89 MW EPC Project in Jordan
Jordan >> 12/23/2016 - The order includes 27 V126-3.3 MW turbines for the second largest wind park in Jordan and will take Vestas’ installed capacity in Jordan to more than 200 MW. Korean Electric Power Corporation (KEPCO) ...
Euronav Secures FSO Extension for Al-Shaheen
Qatar >> 12/22/2016 - Euronav NV announces that the joint venture with International Seaways has received a letter of award in relation to a contract for five years for the service of the FSO Africa and FSO Asia in direct ...
Delivery of Seventh Drilling Unit to National Drilling Company (NDC)
United Arab Emirates >> 12/22/2016 - Lamprell, a leading provider of diversified engineering and contracting services to the energy industry, completed of construction on the jackup drilling rig, “Al Gharbia”, and its delivery to Abu Dha...
PDO Projects Investments of $20B over Next 5 Years
Oman >> 12/21/2016 - Petroleum Development Oman (PDO) projects investments of around $20 billion being ploughed into its oil and gas operations over the next five years, although capital expenditure is anticipated to be c...
Rumaila Oilfield Achieves 3 billion barrel Production Landmark
Iraq >> 12/20/2016 - The Rumaila Operating Organisation (ROO), composed of BP, PetroChina and the South Oil Company of Iraq, today announced that the Rumaila oilfield has produced three billion barrels of oil since the jo...
Clarification Concerning Reports in the Press
Israel >> 12/19/2016 - Delek Group provides below an Immediate Report published by both Avner Oil Exploration Limited Partnership and Delek Drilling Limited Partnership (“the Partnerships”), which addresses and clarifies on...
China's CEFC in Talks for Stake at Abu Dhabi Oil Concessions
United Arab Emirates >> 12/19/2016 - Privately-run CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields in the United Arab Emirates under a 40-year deal, two industry sources with knowledge of the discuss...
Mubadala to Hold Abu Dhabi's 2% Stake in BP
United Arab Emirates >> 12/19/2016 - The 2 percent stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO) will be controlled by Mubadala Development Co, its spokesman was quot...
Cyberhawk wins UAE offshore inspection contract
United Arab Emirates >> 12/19/2016 - World leader in Unmanned Aerial Vehicle (UAV) inspection and survey, Cyberhawk Innovations, has reported another impressive year in the international oil and gas sector. ...
Saudi Aramco and GE Deliver the First Wind Turbine in Saudi Arabia
Saudi Arabia >> 12/18/2016 - Executives from Saudi Aramco’s Power Systems and General Electric gathered in Dhahran recently to celebrate the delivery of the first wind turbine in Saudi Arabia, marking a historic milestone for ren...
BP Awarded 10% Interest in ADCO Onshore Concession
United Arab Emirates >> 12/17/2016 - BP signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil conce...
ADNOC Distribution Expands Presence in Abu Dhabi’s Khalifa City
United Arab Emirates >> 12/17/2016 - ADNOC Distribution has consolidated its service station network in the emirate of Abu Dhabi with the opening of the Khalifa City-South service station - located near Al Forsan International Sports Res...
Iraq Boosts Oil Sales to China, U.S., India before OPEC Supply Cuts Bite
Iraq >> 12/16/2016 - Iraq is selling more crude oil to its biggest customer, China's Unipec, people familiar with the matter say, digging a deeper foothold in the global supply market just before production cuts agreed wi...
Gamesa to Build its Second Wind Farm in Jordan
Jordan >> 12/16/2016 - Gamesa, in a consortium with Spanish company Elecnor, has been awarded the contract to build an 86-MW wind power plant on a turnkey basis in the region of Maan, in southern Jordan. ...
Gulf Navigation, MENA Energy Enter into Strategic Partnership
United Arab Emirates >> 12/16/2016 - GulfNav, in line with its announced strategy of fleet & business expansion for sustainable growth, has marked another milestone by entering into strategic alliances with MENA ENERGY. ...
Petrofac Secures US$75M Contract with South Oil Company
Iraq >> 12/14/2016 - Petrofac has secured a contract worth US$75 million from South Oil Company (SOC) for its Iraq Crude Oil Export Expansion Project (ICOEEP). The one-year contract, with a one-year option, was awarded fo...
Aramco Signs Landmark Joint Venture Agreements With Nabors and Rowan
Saudi Arabia >> 12/14/2016 - Saudi Aramco signed two landmark agreements with Nabors Industries Ltd.(“Nabors”) and Rowan Companies plc (“Rowan”), to create two new national champions focused on onshore and offshore drilling. The ...
Sinopec Said to Eye Takeover of Kurdistan’s Gulf Keystone
Iraq >> 12/13/2016 - China Petroleum & Chemical Corp., the world’s biggest refiner, is weighing a takeover of beleaguered Kurdish oil producer Gulf Keystone Petroleum Ltd., people familiar with the matter said. ...
Kuwait's KPC Informs Customers of Lower Oil Supplies in Jan 2017
Kuwait >> 12/13/2016 - Kuwait Petroleum Corporation (KPC) said on Tuesday it had officially notified its customers of a cut in their contractual crude oil supplies for January, in line with a deal with OPEC to reduce produc...
APICORP Invests in Bahrain’s Falcon Cement Company
Bahrain >> 12/12/2016 - The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), acq...
Bahrain LNG Completes $741M Syndicated Loan
Bahrain >> 12/12/2016 - Bahrain LNG WLL, the developer and owner of the first LNG receiving and regasification terminal in the Middle East developed on a PPP basis, has completed limited recourse financing for the project. B...
Powerwave Well Stimulation Project Kicks Off in the Kingdom of Bahrain
Bahrain >> 12/12/2016 - Wavefront Technology Solutions Inc., a global leader in the advancement of fluid injection technology for oil and gas well stimulation and improved/enhanced oil recovery, announces that the first two ...
Development of Leviathan Field to Produce Natural Gas by End of 2019
Development of Leviathan Field to Produce Natural Gas by End of 2019 Israel >> 12/12/2016 - Delek Group provides below an Immediate Report published by each of Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership ("the Partnerships") concerning the decisions taken...
KOC Awards Black & Veatch Technology License for Jurassic Natural Gas Processing
Kuwait >> 12/12/2016 - Black & Veatch has secured a contract for the licensing technology and related services for sulphur recovery units (SRU) and Acid Gas Removal Units (AGRU) to support natural gas processing on the Jura...
Kuwait's KNPC Mandates Banks for $4B Loan Facility
Kuwait >> 12/12/2016 - Kuwait National Petroleum Co (KNPC) has selected 10 international banks to provide a loan facility of more than $4 billion to back its Clean Fuels project, banking sources said. ...
Iraq Invites Bids to Build First Phase of Oil Export Pipeline to Jordan
Iraq >> 12/11/2016 - Iraq has invited energy companies and investors to bid to build and finance the first phase of a pipeline that will eventually connect the southern city of Basra with Jordan's Red Sea port of Aqaba. ...
Qatar to Merge LNG Producers Qatargas and RasGas
Qatar >> 12/11/2016 - Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) said, in the Gulf state's latest reaction to lower energy prices. ...
Saudi's Sadara to Supply Feedstock to Saudi Rufayah Chemicals
Saudi Arabia >> 12/11/2016 - Sadara Chemical, a $20 billion petrochemical joint venture between national oil giant Saudi Aramco and Dow Chemical, has signed a 20-year agreement with Saudi Rufayah Chemicals Co (RCC), Sadara said.<...
Kuwait Emir Appoints Essam al-Marzouq New Oil Minister
Kuwait >> 12/10/2016 - Kuwait's emir appointed Essam Abdul Mohsen Al-Marzouq as the country's new oil minister, state news agency KUNA reported. Marzouq has previously served as head of the country's stock exchange and as a...
Abu Dhabi Summit is Next Step in Morocco’s Ambitious Renewable Energy Plans
Abu Dhabi Summit is Next Step in Morocco’s Ambitious Renewable Energy Plans United Arab Emirates >> 12/10/2016 - A high-level official delegation from Morocco will travel to Abu Dhabi to attend the World Future Energy Summit (WFES), to be held from 16 to 19 January, as the North African nation moves to generate ...
Bahrain's Bapco Gets Bids for $5B Refinery Expansion
Bahrain >> 12/9/2016 - Bahrain Petroleum Company (Bapco) has received bids from international construction companies to expand its Sitra oil refinery, industry sources said. It aims to boost the processing capacity of the G...
Early Studies on Exploration in Oman Sea Fruitful
Oman >> 12/9/2016 - Deputy Director of the Exploration Department at National Iranian Oil Company (NIOC), Bahman Soleimani, says early studies on exploration in Oman Sea have yielded good results. ...
Galfar Wins $182M Mechanical Contract from PDO
Oman >> 12/8/2016 - Galfar has been awarded the Off-Plot Mechanical Contract (C311620) Qarn Alam by Petroleum Development Oman (PDO). This is a four-year service contract with optional extension of further 6 years (2+2+2...
Polarcus Awarded Two Projects Offshore South America
United Arab Emirates >> 12/8/2016 - Polarcus Limited (PLCS) is pleased to announce that the Company has received two Letters of Intent from two undisclosed clients for two additional marine seismic projects offshore South America. The p...
Acquisition of Karish and Tanin Natural Gas Fields
Israel >> 12/7/2016 - The Petroleum Council of Israel has announced its approval of the acquisition of 100% of the Karish and Tanin Natural Gas Fields by Energean Oil & Gas (“Energean” or “the Company”) from Delek Drilling...
SPE International Heavy Oil Conference & Exhibition
Kuwait >> 12/7/2016 - The third edition of the SPE Heavy Oil Conference and Exhibition taking place at the Hilton Kuwait Resort welcomed 781 delegates from 128 companies and 28 countries on its opening day. The three-day c...
Kuwait to Start Heavy Oil Production by 2018
Kuwait >> 12/7/2016 - Heavy oil production will begin in the end of the year 2018 with roughly 10 to 15 thousand barrels per day at Ratqa refinery, Chief Executive Officer (CEO) of Kuwait Oil Company (KOC) Jamal Jaafar sai...
Japan, Saudi Aramco Extend Okinawa Crude Storage Deal
Saudi Arabia >> 12/7/2016 - Japan Oil, Gas and Metals National Corporation has reached the tank lease agreement for crude with Saudi Arabian Oil Company at Okinawa CTS Corporation, based on the renewed basic agreement between Ag...
The 2017 Edition of Abu Dhabi Sustainability Week (ADSW)
The 2017 Edition of Abu Dhabi Sustainability Week (ADSW) United Arab Emirates >> 12/7/2016 - The 2017 edition of Abu Dhabi Sustainability Week (ADSW) is on track to be the most important in the event’s history for driving commercially focused action, said industry leaders at a press event tod...
Polarcus Provides Q4 and Full-Year 2016 Update
United Arab Emirates >> 12/7/2016 - Polarcus Limited (Polarcus) updates its guidance relative to multi-client prefunding estimated for the full year 2016. Based on preliminary numbers, the Company expects to report a prefunding level o...
ADIPEC 2016 Consolidates Position as Global Knowledge Meeting Place for the Oil and Gas Industry
ADIPEC 2016 Consolidates Position as Global Knowledge Meeting Place for the Oil and Gas Industry United Arab Emirates >> 12/7/2016 - The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) posted continued global success, celebrating a milestone year in its 19th edition, and realising ongoing industry acclaim from ...
NBAD and FGB to Create Middle East’s Biggest Bank
United Arab Emirates >> 12/7/2016 - National Bank of Abu Dhabi (NBAD) secured shareholders' assent to merge with First Gulf Bank (FGB) at a meeting, a spokesman for NBAD said. ...
Exxon Pulls out of Three Exploration Blocks in Kurdistan
Iraq >> 12/6/2016 - Exxon Mobil has pulled out of half of the six exploration blocks it operated in the Kurdistan region, the Iraq Oil Report reported. ...
KCA Deutag’s T-66 Rig in Oman Receives Shell Land Rig of the Year Award
Oman >> 12/6/2016 - KCA Deutag announces that its T-66 land rig operating for PDO in Oman has received the Shell 2016 Land Rig of the Year Award. ...
RigNet Wins Automation Contract with Chiyoda Almana Engineering
Qatar >> 12/6/2016 - RigNet, Inc., a leading global provider of customized systems and solutions serving customers with complex data networking and operational requirements, has been awarded a systems integration contract...
Receipt of Payment for KRI Oil Exports from Taq Taq Field
Iraq >> 12/5/2016 - Genel Energy plc announces that the Taq Taq field partners have received a gross payment of $21.33 million from the Kurdistan Regional Government (‘KRG’) for oil sales during September 2016. Genel’s n...
DNO Reports Payment for Tawke Deliveries
Iraq >> 12/5/2016 - DNO ASA, the Norwegian oil and gas operator, received USD 36.20 million from the Kurdistan Regional Government as payment towards September crude oil deliveries to the export market from the Tawke fie...
Saudi, Kuwait Expect to Restart Neutral Zone Oilfields Soon
Saudi Arabia >> 12/5/2016 - Saudi Arabia and Kuwait are expected to agree this month to resume oil production from the jointly operated oilfields in the Neutral Zone that lies between both countries, industry sources told Reuter...
Saudi's PetroRabigh Restarts Ethane Cracker
Saudi Arabia >> 12/5/2016 - Saudi Arabia's PetroRabigh said it restarted its ethane cracker after maintenance was completed, according to a bourse statement. The company announced on November 13 that it planned to stop its ethan...
Kuwait Energy Aiming to Close RBL Loan of up to $100M by Year-end
Kuwait >> 12/4/2016 - Kuwait Energy plans to close by the end of this year a reserve-based lending (RBL) loan facility of up to $100 million, sources familiar with the situation said. ...
Middle East Oil Supply – November 2016
Middle East Oil Supply – November 2016 Oman >> 12/4/2016 - Non-OPEC oil supply from the Middle East is estimated to increase by 10 tb/d in 2016 to average 1.28 mb/d. A decline of 20 tb/d to average 1.26 mb/d is expected for 2017, due to lower output forecast ...
Nakilat Transitions LNG Al Ghuwairiya to In-house Management
Qatar >> 12/1/2016 - Nakilat has assumed full ship management and operations of Q-Max LNG carrier Al Ghuwairiya from STASCo (Shell Trading and Shipping Company Ltd.) with effect from 1 December 2016, as part of the planne...
OPEC Member Countries Economy - November 2016
OPEC Member Countries Economy - November 2016 Saudi Arabia >> 12/1/2016 - In Saudi Arabia, consumer price inflation posted 3.0% y-o-y in September, its lowest level since the beginning of the year. Growth in the non-oil private sector continued in October, though at a slowe...
Vagit Alekperov Meets With Iraq Oil Minister
Iraq >> 11/30/2016 - Minister of Oil of Iraq Jabbar Ali Hussain Allibi and President of LUKOIL Vagit Alekperov have had a meeting as part of the OPEC summit. The discussion centered on prospects of the joint projects in I...
KRG Signs Oil Audit Agreement with Ernst & Young
Iraq >> 11/30/2016 - The Kurdistan Regional Government signed an agreement with the multinational professional services firm, Ernst and Young, to audit oil and gas processes in the Kurdistan Region. ...
Lukoil President Meets with Iraqi Minister of Oil
Iraq >> 11/30/2016 - Minister of Oil of Iraq Jabbar Ali Hussain Allibi and President of LUKOIL Vagit Alekperov have had a meeting as part of the OPEC summit. ...

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