Regional News: Middle East

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Shell Returns to Iran With Deal to Assess Oil and Gas Fields
Wednesday, December 07, 2016 Shell signs an agreement to assess three of Iran's largest oil and gas fields as it looks to boost output with the help of international companies.

Israel Approves Energean Purchase of Karish, Tanin Fields
Wednesday, December 07, 2016 The Petroleum Council of Israel approves the acquisition of 100% of the Karish and Tanin natural gas fields by Energean Oil & Gas from Delek Drilling and Avner.

Saudi Arabia Switches OPEC Tack With Eye on World's Top IPO
Tuesday, December 06, 2016 To understand why Saudi Arabia changed course and decided OPEC should go back to managing supply, look at two of the kingdom's biggest policy challenges.

National Iranian Oil Co, Thailand's PTTEP Agree To Oilfield Studies
Tuesday, December 06, 2016 National Iranian Oil Company (NIOC) and PTT Exploration and Production Public Company Limited (PTTEP) sign a memorandum of understanding to carry out preliminary studies of 3 oil fields in Iran.

Opinion: The Truth About The OPEC Deal
Tuesday, December 06, 2016 Mahdi Kazemzadeh of Middle East-focused advisory firm Afraz Advisers gives his take on the recently agreed OPEC deal.


ExxonMobil Pulls Out Of 3 Exploration Blocks In Kurdistan
Tuesday, December 06, 2016 ExxonMobil has pulled out of half of the 6 exploration blocks it operated in the Kurdistan region, the Iraq Oil Report reported.

Iraq's Kurdistan Sees No Major Oil Output Cuts as Part of OPEC Deal
Monday, December 05, 2016 Iraq's semi-autonomous region of Kurdistan sees no major impact on its crude oil production from OPEC's agreed cuts, according to its natural resources minister.

Chevron to Submit Sarta Block Development Plan Soon
Monday, December 05, 2016 Chevron will shortly submit a development plan for the Sarta block in the Kurdistan Region of Iraq, according to Ian MacDonald, the company's vice president of exploration.

Kemp: After Two Years, Why An OPEC Deal Now?
Monday, December 05, 2016 OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed?

Sources: Saudi, Kuwait Expect to Restart Neutral Zone Oilfields Soon
Sunday, December 04, 2016 Saudi Arabia and Kuwait expect to agree soon on the resumption of oil production from their jointly-operated oilfields in the Neutral Zone.

Zion Granted Approval to Drill Well Onshore Israel
Friday, December 02, 2016 Zion Oil & Gas has been granted approval by the State of Israel's petroleum commissioner to drill an oil well in Israel, within its 99,000 acre license.

BLOG: OPEC Struck A Deal - Now Comes the Hard Part
Thursday, December 01, 2016 Tucked inside the jubilant reaction to OPEC's agreement to cut production, skepticism exists over whether member nations will cheat to hit their marks.

Leviathan Partners Sign $2B Israeli Power Plant Natgas Deal
Thursday, December 01, 2016 The partners in the Leviathan natural gas field off Israel's coast said on Thursday they signed a deal worth about $2 billion to supply gas to Dalia Power Engines.

OPEC Crude Cut Could Push Oil to $75 Per Barrel in 2017
Thursday, December 01, 2016 OPEC agrees to slice its oil production by more than 1 million barrels per day beginning Jan. 1, raising market hopes and commodity prices.

OPEC to Cut Crude Production by 1 MMbpd in January
Wednesday, November 30, 2016 In highly anticipated Vienna meeting, OPEC decides to cut crude oil production by 1 million barrels per day beginning Jan. 1.

Saudis Say To Take Big Hit On Oil Output For OPEC Deal, Iran Can Freeze
Wednesday, November 30, 2016 Saudi Energy Minister Khalid al-Falih says OPEC is close to clinching a deal to limit oil output.

Iran, Iraq At Loggerheads With Saudis Ahead Of OPEC Meeting
Tuesday, November 29, 2016 Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal.

Jittery Market Watches as OPEC Mulls Production Deal
Tuesday, November 29, 2016 Conviction wanes on expectation of a production agreement as the crude oil industry nervously watches OPEC's rhetorical shifts leading up to Nov. 30 meeting.

Afghan Taliban Offer Security For Copper, Gas Projects
Tuesday, November 29, 2016 The Afghan Taliban on Tuesday offered to protect major government projects, such as the mining of a big copper deposit and an international natural gas pipeline project.

Kemp: Saudi Arabia Carries On Drilling Despite Oil Slump
Tuesday, November 29, 2016 Saudi Arabia is one of the very few countries which has increased its drilling for new oil and gas wells since prices began to slump in the middle of 2014.

OPEC Makes Last-Ditch Bid To Save Oil Deal As Tensions Grow
Monday, November 28, 2016 OPEC is trying to rescue a deal to limit oil output as tensions grow among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying markets would rebalance even without an agreement.

Saudi Energy Minister: Oil Market Would Balance Even Without Output Cuts
Sunday, November 27, 2016 Saudi Arabian Energy Minister Khalid al-Falih says he believes the oil market would balance itself in 2017, even if producers did not intervene.

Israeli Leviathan Partners Get Up To $1.75B HSBC, JPMorgan Financing
Sunday, November 27, 2016 The main Israeli partners developing the large Leviathan natural gas site said on Sunday they signed commitment letters with HSBC and J.P. Morgan for up to $1.75 billion of financing.

Saudi Arabia Tells OPEC It Won't Attend Non-OPEC Talks On Monday
Friday, November 25, 2016 Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend scheduled talks in Vienna on Monday with non-OPEC oil producers.

BLOG: Cautious Optimism Builds as OPEC Cut, Freeze Meeting Nears
Friday, November 25, 2016 Analysts are generally positive about OPEC reaching an agreement, but note that key details remain undecided - or at least, unannounced.

Iraqi Oil Minister Reshuffles Senior Officials
Thursday, November 24, 2016 Iraq's Oil Minister Jabar Ali al-Luaibi is reshuffling senior officials in a bid to revitalize a ministry that wants to improve the OPEC nation's ability to boost oil production.

Saudi Arabia's Sway in OPEC Limited by Resurgent Iraq and Iran
Wednesday, November 23, 2016 Iraq and Iran, shaking off shackles of sanctions and war, have raised oil output to record highs and are asserting themselves within OPEC.

OPEC Experts Resume Talks On Oil Output Cut, Delegates Upbeat
Tuesday, November 22, 2016 OPEC experts discussing how to implement a plan to cut oil output are likely to reach agreement later on Tuesday, a Nigerian delegate says.

Rowan, Saudi Aramco Tie Up For Offshore Drilling In Saudi Arabia
Monday, November 21, 2016 Rowan Companies Plc says it and Saudi Aramco, Saudi Arabia's state oil company, have agreed to form an equally owned joint venture to operate offshore drilling rigs in the country.

Tethys Oil AB Agrees New Boundaries for Block 3 Onshore Oman
Monday, November 21, 2016 Tethys Oil AB agrees new boundaries for the Block 3 license area onshore Oman with the Ministry of Oil and Gas (MOG).

Iraq To Make Suggestions To Facilitate OPEC Supply Cut Agreement
Monday, November 21, 2016 Iraq's oil minister Jabar Ali al-Luaibi will make suggestions at a meeting of OPEC oil ministers at the end of the month to implement an agreement to restrain crude supply in order to push up prices.

Iran: Oil May Rise to $55 if All Producers Cooperate
Saturday, November 19, 2016 Iran's oil minister expresses optimism about an upcoming OPEC meeting, saying crude prices could jump to $55 per barrel.

OPEC Moves Closer To Oil Output Deal As Iran Gets New Offer
Friday, November 18, 2016 OPEC is moving closer towards finalizing this month its first deal since 2008 to limit oil output.

Iraq's Oil Contracts Make Joining OPEC Output Cut More Painful
Friday, November 18, 2016 Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters.

Iran Oil Boom Hangs in Balance as Investors Weigh Trump Risk
Thursday, November 17, 2016 The oil market has been counting on Iran as a key new source of supply, and the current uncertainty may see investors step back.

Saudi's Falih Urges OPEC To Cut Oil Output To Low End Of Target
Thursday, November 17, 2016 The energy minister for top OPEC exporter Saudi Arabia said on Thursday he was optimistic about OPEC's deal to limit oil output.

OPEC Cut of 'At Least 700,000 Bpd' Needed to Bring Market Balance
Thursday, November 17, 2016 An OPEC production cut of at least 700,000 barrels per day is necessary to bring the market back into balance, according to oil and gas analysts at Jefferies.

Norway's DNO Signs Iran Oil Field Deal
Wednesday, November 16, 2016 DNO is to study the development of an oil field in Iran, becoming the second western company after France's Total to sign an energy deal in the country since the lifting of sanctions.

OPEC Reopens Talks on Oil Cuts Without Iran, Iraq Ministers
Wednesday, November 16, 2016 OPEC and Russia will meet in Doha on Thursday for another round of talks without ministers from Iran and Iraq, the two countries that pose the biggest obstacle to a deal to cut production.

Israel Accepting Bids For 24 Offshore Exploration Blocks
Tuesday, November 15, 2016 Israel is accepting bids for the rights to drill in 24 offshore exploration blocks as the country looks to bolster its oil and gas sector.

SDX Finalizes Drilling Location for South Disouq Well in Egypt
Monday, November 14, 2016 SDX Energy Inc. and its partner have agreed on the target and location for drilling a carried exploration well in the South Disouq concession in Egypt.

Middle East, West Africa Crude Oil Exports Hit Record High
Friday, November 11, 2016 Total crude volumes from Middle Eastern and West African top exporters reach record high in October.

Saipem Secures Services Contracts Worth $1B
Thursday, November 10, 2016 Oilfield services firm Saipem has been awarded new contracts in the offshore segment worth an overall amount of around $1 billion.

Iraq Oil Ministry Postpones Upstream Bidding Round To Mid 2017
Thursday, November 10, 2016 Iraq's oil ministry is postponing a bidding round for 12 small and medium-sized oil fields across three provinces from Nov. 30 to the middle of next year.

GPK Spuds Fourth Production Well in KRI
Thursday, November 10, 2016 Gas Plus Khalakan, the sole contractor of the Khalakan production sharing contract in the Kurdistan Region of Iraq, announces the spud of a 4th production well in the region, Shewashan-4.