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Regional News: Middle East

 
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Officials: UAE In No Rush To Change OPEC Oil Target
Tuesday, September 23, 2014 The United Arab Emirates is in no hurry to see OPEC cut its oil output target this year despite the sharp drop of global crude prices in the last few months, senior UAE energy officials indicate.

Egypt Awards Oil and Gas Exploration Blocks
Friday, September 19, 2014 Egypt signs oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry says.

Mermaid Secures Saturation Diving Services Contracts in the Middle East
Thursday, September 18, 2014 Mermaid Maritime secures two saturation diving services contracts, valued up to $45 million, for work in the Middle East.

Aqualis Wins Rig-Moving Deal with Saudi Aramco
Wednesday, September 17, 2014 Aqualis Offshore wins a deal to provide rig-moving services for Saudi Aramco's fleet of jackups in the Arabian Gulf.

Iraq's Oil Output Revival at Stake for Want of Water
Wednesday, September 17, 2014 A lack of water threatens Iraq's plans to raise its oil ouput.

  



Petroceltic, Hess to Resume Oil Drilling in Iraqi Kurdistan in October
Wednesday, September 17, 2014 Oil and gas explorer Petroceltic will resume drilling in Iraqi Kurdistan together with partner Hess in early October, after operations were suspended last month at one of its wells due to security risks in the region.

Kuwait Energy Discovers Oil at Faihaa-1 Well in Block 9 in Basra, Iraq
Thursday, September 11, 2014 Kuwait Energy discovers oil at the Faihaa-1 exploration well in Block 9 in northern Basra, Iraq

Saudi Reports Oil Cutback As OPEC Again Cuts Demand View
Wednesday, September 10, 2014 Saudi Arabia tells OPEC it reduced its oil output in August by 400,000 bpd, a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.

UAE's Dana Gas Gets $100M Financing For Gas Field Development
Tuesday, September 09, 2014 Dana Gas secures $100 million of financing to develop an offshore gas field in the north of the country, with the first gas production expected early next year.

New Iraq Oil Minister Faces Security Challenge, Kurdish Dispute
Tuesday, September 09, 2014 Iraq's new oil minister is a veteran politician who will need to deploy all his experience to resolve disputes over Kurdish oil production and allay foreign investor fears.

More Oilfield Staff Return to Work in Iraqi Kurdistan
Monday, September 08, 2014 Genel Energy becomes the latest company operating in the Kurdistan region of Iraq to report that it is returning staffing levels to normal after recent violence in the area.

Official: BP, CNPC Raise Shares in Iraq's Rumaila Oilfield
Sunday, September 07, 2014 BP and China's CNPC raise their stakes in a joint venture formed to develop the Rumaila oilfield.

Iraq Cuts Output Targets In Revised Oil Deals With BP, CNPC
Thursday, September 04, 2014 Iraq signs revised contracts with foreign oil companies for two southern oilfields that reduced their production targets and extended the life of the deals, Iraqi oil officials say.

Israel's Leviathan In Talks On $15B Gas Supply Deal To Jordan
Wednesday, September 03, 2014 Israel is in advanced negotiations to supply natural gas from its vast Leviathan field to Jordan under a 15-year, $15 billion agreement, officials say.

Nakilat-Keppel O&M Completes Keel Laying for GDI's Newbuild Liftboat
Wednesday, September 03, 2014 Nakilat-Keppel Offshore & Marine completes keel-laying for Qatar's first newbuild liftboat at the Erhama Bin Jaber Al Jalahma shipyard in Ras Laffan, Qatar.

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.

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.

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.

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.