Regional News: Middle East

 
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Saudi Arabia Restructures Oil Giant Aramco
Friday, May 01, 2015 Saudi Arabia is restructuring the world's biggest energy company, Saudi Aramco, in a move apparently aimed at letting it operate more at arm's length from the powerful oil ministry.

OPEC Oil Output Near 2 1/2-Year High as Saudis Show No Letup
Thursday, April 30, 2015 OPEC oil production was little changed in April near the highest level since November 2012 as Saudi Arabia pumped 10 million barrels a day.

TAQA Appoints Grant Gillon as Acting CFO
Thursday, April 30, 2015 Abu Dhabi-based TAQA appoints Grant Gillon as its acting chief financial officer.

Saudi King Names Al-Falih Aramco Chairman, Replacing Al-Naimi
Wednesday, April 29, 2015 Saudi Arabia's King Salman names Khalid A. Al-Falih as chairman of Saudi Arabian Oil Co., replacing Oil Minister Ali Al-Naimi, according to state television.

Indonesia's Medco Gets Additional 25 Years to Operate Oman Oil Fields
Wednesday, April 29, 2015 Indonesia's PT Medco Energi Internasional says its unit has signed an amended agreement which allows it to operate the Karim oil fields in Oman for an additional 25 years.

  


Libya's El Feel Oilfield Still Closed Due to Strike
Wednesday, April 29, 2015 Libya's western El Feel oilfield is still closed due to a strike by security guards.

Lamprell Wins Rig Build Contract with NDC
Tuesday, April 28, 2015 Lamprell wins a contract to build a new jack-up drilling rig for National Drilling Company of Abu Dhabi.

Inpex Acquires 5% Participating Interest in ADCO Concession in Abu Dhabi
Monday, April 27, 2015 Inpex acquires a 5% participating interest in ADCO's onshore concession in Abu Dhabi, United Arab Emirates.

Japan's Inpex Wins 5% Stake in New Abu Dhabi Oil Concession
Monday, April 27, 2015 Japan's Inpex Corporation becomes the first Asian oil company to get a stake in a new 40-year onshore oil concession in Abu Dhabi.

Sources: Iraq Tells Partners to Lift Basra Heavy Crude from May
Friday, April 24, 2015 Iraq's State Oil Marketing Organisation tells its oil firm partners to start loading Basra heavy crude from May instead of its flagship light grade.

Lloyds Energy Eyes Near-Shore FLNG Project
Thursday, April 23, 2015 Lloyds Energy eyes near-shore floating liquefied natural gas project.

Iraq's 2015 Oil Output Seen Flat, Next Year A Challenge
Wednesday, April 22, 2015 A boost in Iraq's crude production next year will prove to be even more challenging if oil prices remain low and Baghdad fails to repay companies or approve field development plans.

Saudi Arabia on Alert Over Possible Oil or Mall Attack
Monday, April 20, 2015 Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, Interior Ministry spokesman Mansour Turki says.

Report: Kuwait Discovers 4 New Oil Fields In Kingdom
Monday, April 20, 2015 Kuwait's state news agency says the state-run Kuwait Oil Co. has discovered four new oil fields.

Petsec to Operate Yemen's Block 7 After Acquiring Oil Search's Local Unit
Friday, April 17, 2015 Petsec Energy takes over as operator of Block 7 in Yemen after increasing its stake in the permit through acquisition of Oil Search's Yemeni subsidiary.

Delegate: OPEC Should Consider Return To Oil Quotas
Friday, April 17, 2015 OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, an OPEC delegate says.

Military Withdraws from Yemen Oilfields, Hands Security to Tribes
Friday, April 17, 2015 Yemen's military hands over security responsibilities for the Masila oilfields to local armed tribes.

Saudi Arabia Adds Half a Bakken to Oil Market in a Month
Thursday, April 16, 2015 Saudi Arabia boosted crude production to the highest in three decades in March, with a surge equal to half the daily output of the Bakken formation in North Dakota.

Saudi Arabia Leads OPEC Oil Boom As US Shale Growth Slows
Wednesday, April 15, 2015 OPEC production climbs by the most in almost four years as Saudi Arabia, Iraq and Libya boost output amid a stronger outlook for global oil demand, according to the IEA.

Russia's Lukoil Says Was Asked to Reduce Iraq Output
Wednesday, April 15, 2015 Russia's Lukoil says it was asked to sharply reduce output in Iraq this year.

Kemp: Iran's Tantalizing Oil Prize
Wednesday, April 15, 2015 Iran contains some of the largest and most attractive petroleum resources in the world, so any easing of sanctions could have a major impact on oil and gas markets in the second half of the decade.

Iran Joins OPEC Member Libya Calling On Group To Cut Oil Output
Tuesday, April 14, 2015 Iran becomse the second OPEC member this month to call on the group to reduce oil production ahead of its June meeting.

Yemen LNG Declares Force Majeure, Halts Production Over Worsening Security
Tuesday, April 14, 2015 Yemen's liquefied natural gas (LNG) plant declares force majeure due worsening security and has halted all production at the plant.

Gulf International Drilling's Contracts Hit by Low Oil Prices
Monday, April 13, 2015 Sharp oil price decline negatively impacts on Gulf Drilling International's drilling contracts, with one cancelled and the other being renegotiated.

Middle East State Spending Throws Lifeline To Oilfield Services
Friday, April 10, 2015 Oil majors may have slashed capital spending but NOCs in the Middle East and North Africa show no sign of cutting investment, buoying oilfield services that the stock market has beaten down.

Drydocks World Completes Refurbishment of the Beynouna Jackup for NDC
Friday, April 10, 2015 Drydocks World completes a refurbishment project of the Beynouna jackup for National Drilling Company.

Canadian Oil Company to Liquidate Due to Crisis in Yemen
Thursday, April 09, 2015 Canada's oil and gas producer Calvalley Petroleum says it will liquidate due to the political crisis in Yemen where most of its operations are located.

Libya Official: OPEC Should Change Course, Cut Oil Output
Wednesday, April 08, 2015 OPEC should change course and cut oil supply by 800,000 bpd or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor says.

Saudi's Naimi Says Ready To Help Improve Oil Prices, But Not Alone
Tuesday, April 07, 2015 Saudi Arabia's oil minister Ali al-Naimi says that the kingdom is ready to "improve" prices but only if other producers outside of OPEC join the effort.

Polarcus Sees Increase in Seismic Vessel Utilization
Tuesday, April 07, 2015 Polarcus reports that its seismic vessels saw an increase in usage during the first quarter of 2015.