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Regional News: Middle East

 
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Lamprell Delivers New Jackup for Indian Drilling
Thursday, March 05, 2015 UAE-based rig builder Lamprell completes the construction of the Greatdrill Chaaru jack-up rig and delivers it to Greatship Global Energy Services.

Witness: Islamic State Torches Oilfield East of Tikrit
Thursday, March 05, 2015 Islamic State militants set fire to oil wells in the Ajil field east of the city of Tikrit, according to a witness.

Greatship's Unit Takes Delivery of Jackup Greatship Chaaru from Lamprell
Thursday, March 05, 2015 Greatship Global Energy takes delivery of the jackup Greatdrill Chaaru from Lamprell in the United Arab Emirates.

Genel Expects Regular Payments from Iraqi Kurdistan During 2015
Thursday, March 05, 2015 Genel Energy, still owed $233 million for oil it has sold so far to the Kurdistan Regional Government, expects regular payments from the KRG during 2015.

Circle Abandons Shisr-1 Well Due to Drilling Difficulties
Wednesday, March 04, 2015 Circle Oil says it will plug and abandon its Shisr-1 well on Block 49, onshore Oman, due to drilling difficulties.

  



Saudi Arabia Expects Oil Price To Stabilize
Wednesday, March 04, 2015 Saudi Arabia's oil minister says he expects oil prices, which hit a near 6-year low in January, to stabilize, signaling cautious optimism about the market outlook.

McDermott Wins EPCI Contract for Marjan Power Supply System
Monday, March 02, 2015 McDermott Middle East will conduct initial work for a significant power supply system replacement contract for Saudi Aramco's Marjan field.

Qatar Petroleum Awards McDermott North Field Alpha Contract
Monday, March 02, 2015 McDermott International is awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar.

Baghdad Says Progress Made on Kurdish Oil Export Dispute
Sunday, March 01, 2015 Iraqi and Kurdish authorities make progress to rescue a deal over crude oil exports.

Mott MacDonald Partners Khudairi Group for Oil, Gas Projects in Iraq
Friday, February 27, 2015 Mott MacDonald partners Khudairi Group for oil and gas projects in Iraq.

Gulf Keystone Says In Preliminary Talks Over Potential Sale
Wednesday, February 25, 2015 Gulf Keystone says it was in talks with a number of parties about a possible sale of the company or some asset transactions.

Dragon Oil's Full-Year Operating Profit Falls on Higher Costs, Charge
Tuesday, February 17, 2015 Energy group Dragon Oil's full-year operating profit falls 16 percent as it spent more to sell its crude oil and took a $24 million impairment charge from well exploration in its Philippines asset.

Kuwait Oil Minister Sees Price Rally Continuing
Monday, February 16, 2015 Kuwait's oil minister says he expects the current oil price rally to continue into the second half of 2015 as the global supply surplus shrinks.

Total CEO Hails Abu Dhabi Concession As 'Blockbuster'
Thursday, February 12, 2015 Total's CEO Pouyanne hails the renewal of its oilfield concession in Abu Dhabi as a "blockbuster".

UAE's ADNOC Sign $500M Technical Agreement with Oxy
Tuesday, February 10, 2015 ADNOC signs a technical agreement with Occidental Petroleum to develop the al-Hail and Ghasha oilfields, ADNOC says in a statement.

Genel's Hayward Warns Over Iraq's Oil Growth Amid Low Prices
Tuesday, February 10, 2015 The head of Iraqi Kurdistan-focused oil producer Genel says Iraq's crude output will grow far slower than many expect as the drop in oil prices reduces investment in the country.

Abu Dhabi Gas Firms Award $1.6B Expansion Contracts
Tuesday, February 10, 2015 State-run Abu Dhabi Gas Industries Co (GASCO) and Abu Dhabi Gas Liquefaction Co (ADGAS) say they had awarded about $1.6 billion worth of contracts to expand the country's natural gas processing facilities.

S&P Lowers Outlook on Saudi Arabia Due to Plunge in Oil Prices
Monday, February 09, 2015 Standard & Poor's lowers its outlook on Saudi Arabia to "negative" from "stable" as a result of the steep decline in oil prices.

Source: Italy's Edison Suspends Talks to Buy Two Israeli Gas Fields
Monday, February 09, 2015 Italy's Edison is reconsidering buying two Israeli gas fields due to rising regulatory uncertainty and negotiations have already been suspended, a source at the company says.

Gulf Keystone Suspends Trucked Oil Exports from Iraqi Kurdistan
Friday, February 06, 2015 Gulf Keystone Petroleum suspends trucked exports of crude in favor of sales to the local market in Kurdistan as it awaits export payments from the Kurdistan Regional Government.

UAE's Dana Gas Blames Oil Prices, Egypt Charge for 4Q Loss
Thursday, February 05, 2015 UAE-based energy firm Dana Gas reports a fourth-quarter loss Thursday that the company blames on lower oil prices and a fall in value of its Egyptian oil and gas assets.

First Oil Flows at UAE's Offshore Nasr Field
Thursday, February 05, 2015 Inpex announces the commencement of production from the Nasr oil field offshore Abu Dhabi, United Arab Emirates.

Lamprell Delivers Jackup Jindal Pioneer to Dev Drilling
Wednesday, February 04, 2015 Lamprell delivers newbuild jackup Jindal Pioneer to Indiaís J.P. Jindal Groupís unit Dev Drilling.