Regional News: Middle East
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Genel on Track for 60,000-70,000 Barrels per Day in 2014
Tuesday, April 22, 2014 Genel Energy says it remains on track to produce between 60,000 and 70,000 barrels of oil equivalent per day in 2014.
Terraseis to Deploy First 3-C Project in Kurdistan
Friday, April 18, 2014 Terraseis is deploying a Three-Component seismic recording system to carry out a seismic 3D survey that shall include 3-C data acquisition.
Partners in Israel's Leviathan Field Bid to Sell Gas to Cyprus
Thursday, April 17, 2014 The partners developing Israel's offshore Leviathan natural gas field are looking to sell gas through a pipeline to Cyprus, officials say.
Oil Search Provides Update on Taza 2 Drilling in Kurdistan, Iraq
Thursday, April 17, 2014 Oil Search provides an update on drilling at the Taza 2 well in Kurdistan, Iraq.
Lamprell Clinches $390M Contract to Build 2 Jackups for Ensco
Wednesday, April 16, 2014 Lamprell clinches $390 million contract to build two LeTourneau-designed jackups for Ensco.
Kuwait to Award $4.3B Contract this Year for Heavy Oil Project
Tuesday, April 15, 2014 Kuwait plans to award a $4.3B contract later this year for the first phase of a project to produce heavy oil at its northern Ratqa field.
Drydocks Signs Deal to Build 2 Gusto-Design Jackups for Malta Oil & Gas
Tuesday, April 15, 2014 Drydocks World signs agreement to build two new Gusto-design jackups for Malta Oil & Gas.
Iraq Approves S.Korea's Daewoo $588.8M Oilfield Contract
Tuesday, April 15, 2014 Iraq's cabinet approves a $588.8M oilfield service contract with Daewoo Engineering & Construction for the development of the Zubair oil field.
Israeli Gas Holds Promise of Better Ties with Neighbors
Monday, April 14, 2014 Israel's drive to export its new-found natural gas could help to rebuild strained ties with old regional allies Egypt and Turkey, but could deprive Europe of a precious alternative to Russian gas.
UAE Energy Minister Hopes Western Partners Keep Oilfields Role
Friday, April 11, 2014 UAE Energy Minister hopes Western firms in charge of Abu Dhabi’s biggest oilfields would continue to keep a role, but that no firm will automatically retain concessions when they come up for renewal.
Lukoil Begins Iraqi Seismic Survey
Friday, April 11, 2014 Lukoil begins seismic survey at Block 10 in southern Iraq.
Iraq Hopes to Complete Oil Pipeline to Raise Exports This Year
Wednesday, April 09, 2014 Iraqi Oil Minister Abdul Kareem Luaibi says the country hopes this year to complete construction of a 124-mile oil pipeline to raise exports to Turkey to more than one million barrels per day.
Shell Exports 1st Oil from Majnoon Field in Iraq
Tuesday, April 08, 2014 Shell exports it first oil from the Majnoon oilfield in southern Iraq.
Sources: Iran, Russia Working to Seal $20B Oil-for-Goods Deal
Thursday, April 03, 2014 Iran and Russia have made progress toward an oil-for-goods deal that sources said could be worth up to $20 billion and enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations say.
Total Resumes Operations At Yemen Oil Field
Monday, March 31, 2014 Total resumes operations at Yemen's Block 10 oil field after it was shut due to strike action by workers this month.
Israel's Delek Group 4Q Profit Narrows
Monday, March 31, 2014 Israeli energy, insurance and biochemicals firms Delek Group reports a lower quarterly profit.
Lukoil Launches Production at West Qurna-2
Sunday, March 30, 2014 Russia's Lukoil officially launches production at Iraq's West Qurna-2 oilfield – one of the largest oilfields in the world.
Woodside Delays Signing Landmark Israeli Gas Field Deal
Friday, March 28, 2014 Woodside Petroleum says it was in talks to overcome remaining issues in its Leviathan stake deal.
Woodside Set For Landmark Israel Gas Deal But Hurdles Remain
Wednesday, March 26, 2014 Woodside is expected to confirm plans worth up to $2.71B to take a 25% stake in Israel's giant Leviathan gas field but differences over profit sharing threaten to slow plans for exports.
Lamprell Back in Profit, Warns Revenue Lower in 2014
Wednesday, March 26, 2014 Oil rig maker Lamprell reports a pre-tax profit of $40 million for 2013 after heavy losses in 2012.
Israeli Panel Helps Clear Up Uncertainty With Gas Export Tax Model
Tuesday, March 25, 2014 An Israeli government panel presents its preferred model for taxing natural gas exports, ending months of uncertainty blamed for delaying a deal for Woodside to buy into the Leviathan offshore gas field.
N. America Impairment Pushes Abu Dhabi's TAQA into 2013 Loss
Tuesday, March 25, 2014 Abu Dhabi National Energy posts a net loss of $687 million due to a write-down of its North American assets.