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Regional News: Middle East

 
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Gazprom Neft Starts Commercial Production at Badra Field, Iraq
Tuesday, September 02, 2014 Gazprom Neft reports that commercial production and oil exports have begun at its Badra oilfield in Iraq.

KOGAS Says Starts Commercial Crude Oil Production in Iraq's Badra
Monday, September 01, 2014 Korea Gas Corp starts commercial crude production in Iraq's Badra oilfield as planned, the state-run South Korean company says.

Sources: Saudi Aramco Seeks Interest For Work On Unconventional Gas
Friday, August 29, 2014 Four companies have expressed interest in bidding for work on unconventional gas in Saudi Arabia as the world's top oil exporter pushes ahead with plans to develop challenging shale deposits, sources say.

Afren Shares Drop after Kurdistan Shutdown Prompts Production Forecast Cut
Friday, August 29, 2014 Independent explorer Afren slashes its full-year production forecast by 20 percent following shutdown of its Kurdistan operations.

Kurdistan's Taza 2 Well Drilling Remains Suspended on Security Concerns
Thursday, August 28, 2014 Oil Search reports that drilling at Taza 2 appraisal well in Kurdistan, Iraq remains suspended due to security situation in the region.

  



Saudi Aramco Plans To Invest $40B A Year For The Next Decade
Monday, August 25, 2014 Saudi Aramco plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production, CEO Khalid Al-Falih says.

Talisman To Proceed With Kurdistan Sale Despite Big Oil Find
Friday, August 22, 2014 Talisman says it still plans to sell its oil properties in Iraq's Kurdistan region, even after its partner announced a massive oil discovery on its properties.

Norway's DNO Says Committed to Kurdistan Despite Violence
Thursday, August 21, 2014 Norway’s DNO says it remains committed to its operations in Iraq’s Kurdistan region in spite of nearby violence.

Hamas Says Fired Rockets At Offshore Israeli Gas Well
Wednesday, August 20, 2014 Hamas says it has fired two rockets at an Israeli gas installation about 19 miles off the coast of Gaza.

Gulf's Topaz Energy Gets $75M Investment from Standard Chartered PE
Wednesday, August 20, 2014 Oman's Renaissance Services says its unit Topaz Energy and Marine had secured a $75 million investment from Standard Chartered Private Equity.

Capacity Set to Double on Iraqi Kurdistan's Oil Pipeline
Tuesday, August 19, 2014 Kurdistan's independent oil pipeline will see its capacity almost double to at least 200,000 barrels per day once upgrade work is finished, according to industry sources and officials.

Lukoil Ships First Oil from West Qurna-2
Tuesday, August 19, 2014 Russia's Lukoil ships its first batch of oil from its West Qurna-2 project in Iraq.

Delegates: OPEC Unruffled By Oil Price Slide, Sees Market Rebound
Tuesday, August 19, 2014 OPEC is not worried about a slide in oil prices towards $100 a barrel, delegates from the producer group say.

Turret for Shell's Prelude FLNG En Route from Dubai to SHI's Geoje Yard
Monday, August 18, 2014 Shell reports that the giant turret module for the Prelude floating liquefied natural gas facility has set sail from Dubai for Samsung Heavy Industries shipyard at Geoje, South Korea.

Douglas-Westwood: Iran's Persian Promise
Monday, August 18, 2014 Douglas-Westwood discusses "Iran's Persian Promise" in its latest commentary.

Kemp: Petroleum Producers Shift Attention From Middle East
Friday, August 15, 2014 Following four decades of war, sanctions, nationalization and unrest, oil and gas producers are gradually adjusting to rely less on the Middle East.

Iraqi Kurdistan's Largest-Producing Oilfield Working To Boost Output
Friday, August 15, 2014 Oil production at Iraqi Kurdistan's largest-producing oilfield is set to rise to as much as 14,000 barrels per day by the end of the month.

Total Says Cut Staff In Iraqi Kurdistan
Thursday, August 14, 2014 Total reduces its personnel working in the autonomous Kurdistan region of Iraq, although work on the two oil blocks it operates continued as scheduled.

UAE's TAQA Swings to Quarterly Profits; Pulls Out of Talks in Iraq, India
Wednesday, August 13, 2014 Abu Dhabi National Energy Company (TAQA) swings into second-quarter profits and confirms a shift in its strategy.

Talisman Energy: Readying Iraqi Kurdistan Assets For Sale
Tuesday, August 12, 2014 Talisman says it still plans to sell all or a portion of its exploration properties in Iraq's Kurdistan region despite conflict in the area.

Oil Exploration in Kurdistan Halted Amid Violence
Monday, August 11, 2014 Hess Corp. is latest oil firm to suspend operations in Iraqi Kurdistan, as Kurdistan Regional Government halts exploration activities near potential combat zones.

Oryx Suspends Drilling, Evacuates Staff From Iraqi Oilfields
Friday, August 08, 2014 Oryx suspendeds drilling operations and evacuates staff from oilfields in Iraq's Kurdish region.

OPEC Sees Lower 2014 Oil Demand Growth, Pumps More
Friday, August 08, 2014 OPEC trims its 2014 global oil demand growth forecast for a second consecutive month and says it managed to increase output in July despite violence in Iraq and Libya.

Kurdish Oil Pipeline via Turkey Runs Normally Despite Militant Advance
Friday, August 08, 2014 Kurdistan's oil pipeline via Turkey is operating normally and pumping 120,000 barrels per day despite the advance by Islamic State fighters in northern Iraq.

Genel Says Kurdish Fields 'Remain Safe and Secure'
Friday, August 08, 2014 Genel Energy reports that its Taq Taq and Tawke fields in Iraqi Kurdistan "remain safe and secure" amid fighting between Islamic State and Peshmerga forces in Kurdish territory.

DNO Continuing Operations at All Iraq Oil Fields
Thursday, August 07, 2014 DNO continues operations in Iraq's Kurdistan region in spite of Islamic State militants extending their gains in northern Iraq.

Oil Search to Conduct Testing Program at Taza-2 Well in Kurdistan
Thursday, August 07, 2014 Oil Search plans to undertake a comprehensive testing program at Taza 2 well in Kurdistan, Iraq.

Iraqi Kurdistan-Focused Oil Shares Hit By IS Advance
Thursday, August 07, 2014 Shares of energy companies operating in Iraqi Kurdistan plunged and two US companies evacuated some staff as Islamic State militants advanced.

Dana Gas Says To Recover Overdue Egypt Payments By 2018
Wednesday, August 06, 2014 UAE firm Dana Gas expects to recover the vast majority of overdue payments from the Egyptian government by 2018.

MOG Invites Bids for 5 Onshore, Offshore Blocks in Oman Bid Round 2014
Wednesday, August 06, 2014 Oman's Ministry of Oil & Gas invites bids for five onshore and offshore blocks in the Oman Bid Round 2014.

Genel Profits Rise on Higher Kurdistan Oil Exports
Tuesday, August 05, 2014 Genel Energy posts a 50-percent rise in first-half oil production, buoyed by output from Iraqi Kurdistan.