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Regional News: Middle East

 
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EnerMech Forms JV with Abdulla Fouad Group to Boost Growth in Saudi Arabia
Friday, November 28, 2014 EnerMech inks joint venture agreement with Abdulla Fouad Group to expand operations in Saudi Arabia.

Saudi, Russia Pre-OPEC Talks Yield No Oil Output Cut
Tuesday, November 25, 2014 Impromptu talks between Saudi Arabia, fellow OPEC member Venezuela and oil powers Russia and Mexico yield no agreement on how to address a growing oil glut.

Gaza Marine Development Could Help Deliver Israeli Security
Sunday, November 23, 2014 Rigzone hears Ariel Ezrahi, an adviser to former British PM Tony Blair, explain how investing in Palestinian energy infrastructure would be good for Israel's security and its relations with the Arab world.

Tethys Suspends LE-1 Exploration Well in Oman's Block 4 for Further Study
Thursday, November 20, 2014 Tethys Oil suspends LE-1 onshore exploration well in Oman's Block 4 for further study.

Israel Must Improve 'Erratic and Unclear' Oil, Gas Regulations
Thursday, November 20, 2014 Israel still has a lot of work to do to improve "erratic and unclear" regulations if its oil and gas industry is to flourish, speakers say at the UOG 2014 conference.

  



Oman to Maintain Capex for Oil, Gas Industry in 2015
Wednesday, November 19, 2014 Oman maintains capital expenditure for the country's oil and gas expenditure in 2015 despite falling crude oil prices, local media quoted an oil and gas ministry official as saying.

Proven Technologies Will be Key to Israel's 'New Era of Onshore Oil'
Tuesday, November 18, 2014 Former Shell Chief Scientist Harold Vinegar explains to a conference being held in Israel how the country can develop billions of barrels of oil resources held in oil shale.

Saudi Aramco's Oil Resources To Grow To 900 Billion Barrels By 2025
Tuesday, November 18, 2014 Saudi Aramco expects to have 900 billion barrels of oil resources by 2025, up from the current 790 billion barrels, a company executive says.

Technip Bags PMC Services Deal for UAE's Nasr Field Development Project
Friday, November 14, 2014 Technip bags a project management consultancy services contract for Nasr Phase II field development project in the United Arab Emirates.

Kemp: Saudi Oil Policy Needs Better Communications
Friday, November 14, 2014 Saudi Arabia provides so little information about its production, pricing and future strategy, that it positively encourages the destabilizing speculation it says it wants to avoid, John Kemp says.

Gulf Keystone says Iraqi Kurdistan Oilfield Output Target on Track
Thursday, November 13, 2014 Gulf Keystone Petroleum says it is on track to meet its full-year production target at its Shaikan oilfield in Iraqi Kurdistan.

NDC Orders 2 LeTourneau-Designed Jackups from Lamprell for $365M
Thursday, November 13, 2014 National Drilling Co. orders two LeTourneau-designed jackups from Lamprell for around $365 million.

Genel Strikes Deal to Develop Major Gas Fields in Iraqi Kurdistan
Thursday, November 13, 2014 Genel signs an agreement with the Kurdistan Regional Government to develop two large gas fields that could supply Turkey with gas from 2017.

Libya Fails To Restart El Sharara Oilfield Due To Blocked Pipeline
Wednesday, November 12, 2014 Libya abandons an attempt to restart production at the El Sharara oil field, one of the country's biggest, after a pipeline blockage, state-run NOC said.

OPEC Sees Lower 2015 Demand For Its Oil, Saudi Output Still High
Wednesday, November 12, 2014 Global demand for oil from OPEC next year will be far below its current output level because of the US shale boom, the group says, as its top producer Saudi Arabia keeps silent.

HHI Inks $1.94B EPCIC Deal with ADMA-OPCO for UAE's Nasr Field Project
Wednesday, November 12, 2014 Hyundai Heavy Industries inks a $1.94 billion contract with Abu Dhabi Marine Operating Company for the Nasr field development project in UAE.

OPEC Delegates Start Whispering About Potential Oil Cut
Tuesday, November 11, 2014 A subtle shift may be taking place within OPEC as it heads into its most important meeting in years, according to delegates.

Iraq's Rumaila Field Unaffected by Conflict and Oil Price Slide - BP
Monday, November 10, 2014 Operations at Iraq's biggest oilfield, Rumaila, have not been affected by sliding oil prices and the government's battle against Islamic State militants, a senior executive at developer BP says.

Egypt Awards BP Two New Exploration Blocks
Monday, November 10, 2014 BP wins two new exploration blocks as a result of Egypt's 2013 EGAS bid round.

UOG 2014: Oil & Gas in the Promised Land
Friday, November 07, 2014 Rigzone catches up with Joshua Beagleman, COO of Universal Oil & Gas 2014, to find out how preparations for Israel's first-ever international oil and gas conference are coming.

Mermaid Maritime Charters 3 Vessels for Subsea Work Offshore ME, Thailand
Friday, November 07, 2014 Mermaid Maritime charters three vessels to support subsea work offshore the Middle East and the Gulf of Thailand.

Lamprell Steady Despite Softening Oil Market Outlook
Friday, November 07, 2014 Just when Lamprell thought it had sorted out management issues through the astute leadership of Jim Moffat, a new problem emerged: softening global oil prices.

Gulf Marine Increases Order Backlog
Wednesday, November 05, 2014 Gulf Marine Services reports that recent contract wins have increased its current secured order backlog to $547 million.

Swire Oilfield Services Opens Abu Dhabi Office to Tap Middle East Business
Wednesday, November 05, 2014 Swire Oilfield Services sets up new base in Abu Dhabi to tap business opportunities in the Middle East.

Saudi Trip To Latam Evokes 1990s Oil Troika With A New Rival: US
Tuesday, November 04, 2014 Some 15 years ago, a troika of powerhouse oil producers forged a secret pact to revive oil prices from a crisis-inducing low of near $10 a barrel.

Islamic State Says Seizes 2nd Gas Field In Syria
Monday, November 03, 2014 The Islamic State says it has seized control of a second Syrian gas field in a week.

Saudi Oil Minister To Make Rare Trips To Venezuela, Mexico
Monday, November 03, 2014 Saudi Oil Minister Ali al-Naimi makes his first visits in years to fellow exporters Venezuela and Mexico.

MOL Gets Approval for Akri-Bijeel Block Development Plan
Thursday, October 30, 2014 The Kurdistan Regional Government in Iraq approves a major new oilfield development that is majority-owned by Hungary's MOL.