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Regional News: Middle East

 
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Total Signs 40-Year Onshore Oilfield Deal with Abu Dhabi
Thursday, January 29, 2015 Total will take a 10% stake in 15 onshore oilfields in Abu Dhabi.

Gulf Marine Wins 4-Year Vessel Contract
Wednesday, January 28, 2015 Gulf Marine Services wins a new four-year contract for one of its large-class vessels.

CEO: Saudi Aramco to Renegotiate Some Contracts on Low Oil Price
Tuesday, January 27, 2015 Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, its CEO says.

Saudi Oil Minister Naimi To Stay For Now, Policy Steady
Friday, January 23, 2015 Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi in a message aimed at calming a jittery energy market mindful of Naimi's powerful role within OPEC.

Gulf Keystone Petroleum Appoints Sami Zouari as CFO
Thursday, January 22, 2015 Gulf Keystone Petroleum appoints Sami Zouari as chief financial officer.

  



Saudi Brinksmanship: Economics Behind Reluctance to Fiddle with Oil Prices
Thursday, January 22, 2015 Much of the downward spiral in crude oil prices results from the maneuverings of Saudi Arabia, points out analyst Faraz Shams.

Unique Maritime Group Sets Up Hyperbaric Reception Facility in UAE
Wednesday, January 21, 2015 Unique Maritime Group sets up the first hyperbaric reception facility in the Middle East at Sharjah, United Arab Emirates.

Oman Oil Minister Slams OPEC Policy on Prices, Market Share
Wednesday, January 21, 2015 Oman oil minister Mohammad bin Hamad al-Rumhy sharply criticizes OPEC's production policy, saying it is creating volatility in the market without benefiting oil producers and that his country is suffering.

Genel Slashes 2015 Revenue Forecast on Weak Oil Prices
Wednesday, January 21, 2015 Kurdistan oil producers Genel slashes its 2015 revenue forecast, citing weak crude prices.

Iran Sees No OPEC Shift Toward A Cut, Says Oil Industry Could Withstand $25
Monday, January 19, 2015 Iran sees no sign of a shift within OPEC towards action to support oil prices, its oil minister says, adding its oil industry could ride out a further price slump to $25 a barrel.

Iraq Produces Record 4M Barrels per Day of Crude in December
Sunday, January 18, 2015 Iraq hits four millions barrels of crude oil per day during December.

AVEVA Boosts Presence in Middle East, Opens New Office in Saudi Arabia
Thursday, January 15, 2015 AVEVA strengthens its business presence in the Middle East with the opening of a new office in Saudi Arabia.

Dana Gas CEO Says Oil Price Collapse Could Delay Egypt Payments
Wednesday, January 14, 2015 The collapse in oil prices may delay the efforts of UAE-based Dana Gas to recover overdue payments from Egypt, say its CEO.

UAE Energy Minister: No Change In OPEC Policy Amid Oil Slide
Tuesday, January 13, 2015 The UAE energy minister says there are no plans for OPEC to curb production to shore up falling crude prices, and instead put the onus on shale oil drillers for oversupplying the market.

Saudi Oil Minister Holds Talks With US Energy Deputy
Tuesday, January 13, 2015 Saudi Oil Minister Ali al-Naimi met US Deputy Energy Secretary Elizabeth Sherwood-Randall in Riyadh where they discussed oil markets, the official Saudi Press Agency (SPA) reports.

OMV Aims to Boost Yemen Output to 30,000 BPD if Conditions Allow
Tuesday, January 13, 2015 Austria's OMV wants to boost its Yemeni oil output from 20,000 barrels per day to 30,000 barrels per day, according to a senior executive.

Rig Maker Lamprell Expects 2015 Revenue Below Current View
Monday, January 12, 2015 Rig-maker Lamprell says the slump in oil prices hurt its ability to secure new business, and that it expects its revenue for this year would be about 10 percent below current expectations.

Polarcus Names Rod Starr as CEO to Succeed Rolf Ronningen
Monday, January 12, 2015 Polarcus names Rod Starr as CEO to succeed Rolf Ronningen as head of the Dubai-based marine geophysical company.

Afren Says No Proven Or Probable Reserves At Iraqi Kurdistan Oilfield
Monday, January 12, 2015 Afren reports that there are no proven or probable reserves at its Barda Rash oilfield in Iraqi Kurdistan.

Frontier Considers Plan for Drilling in Oman's Block 38
Friday, January 09, 2015 Frontier Resources International considering plans to exploration drilling in Oman's Block 38, while seeking partners to farm-in to the acreage.

Egypt Signs Six New Oil And Gas Exploration Deals
Friday, January 09, 2015 Egypt signs six new oil and gas exploration contracts worth hundreds of millions of dollars with foreign and Egyptian companies, the oil ministry says.

Gulf Delegates: No Chance Of OPEC Output Cut, Even After Oil Dips Below $50
Thursday, January 08, 2015 Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week.

UAE Oil Min Says Oversupply May Last Months or Years
Wednesday, January 07, 2015 Oil market oversupply may last months or even years, but prices could recover if non-OPEC producers "act rationally", the United Arab Emirates (UAE) oil minister says.

Israel's New Rules On Natural Resources Putting Off Investors
Tuesday, January 06, 2015 New regulations in Israel's natural gas and mining industries are scaring off investors.

King Says Saudi Arabia to Deal with Weak Oil Challenge with 'Firm Will'
Tuesday, January 06, 2015 King Abdullah says Saudi Arabia will deal with the challenge posed by lower oil prices with a 'firm will'.

MOL Says Shaikan Block Crude Output Reached 40,000 BPD
Monday, January 05, 2015 Hungary's MOL reports that crude production from the Shaikan block in the Kurdish region of Iraq is now over 40,000 barrels per day.

Dana Gas Paid $60M by Egyptian Government
Monday, January 05, 2015 Egypt's government pays Dana Gas $60 million of $212 million overdue payments.